dYdX Set to Ignite DeFi Space with July 5 Launch of Public Testnet
Decentralized exchange dYdX announced the completion of their fourth milestone towards the launch of their v4 public testnet, set to go live on July 5, 2023, at 17:00 UTC.
Milestone Recap
In Milestone 3, dYdX added advanced features to their internal testnet such as limit orders, Dynamic Funding Rates, and new features of Cosmos-SDK. They also collaborated with external validators to test various aspects of the network.
Milestone 4 was completed ahead of schedule and marked the readiness for the public testnet launch. This public testnet will launch with Bitcoin and Ethereum markets and is expected to include approximately 30+ markets as the network upgrades.
We are thrilled to announce that the dYdX Chain public testnet is set to launch on 7/05/2023 at 17:00 UTC! 🚀🥳https://t.co/TD5caN6VSQ
— dYdX (@dYdX) June 28, 2023
Features of the dYdX Public Testnet
The public testnet will allow users to test several core flows via integrations, APIs, WebSockets, and the web front. These features include wallet connection, requesting testnet funds, viewing market stats, placing and canceling orders, and more. The dYdX team encourages users to provide feedback for continuous iteration and improvement of the software.
More About dYdX
dYdX aims to democratize access to financial opportunities and believes its v4 software will make significant progress in achieving this mission. They invite those interested in decentralized exchange and open finance to join their team, and community discussions, or follow them on Twitter for updates.
Conclusion
The launch of the dYdX v4 public testnet marks a significant step forward for the platform and the broader DeFi ecosystem. With this, dYdX continues to demonstrate its commitment to enhancing user experience and setting the stage for increased financial accessibility. The launch of the public testnet is eagerly anticipated by the dYdX team, its users, and the wider DeFi community.
