dYdX v3 sunset event
Overview
dYdX Trading wound down its v3 perpetuals platform, the StarkEx-based Ethereum layer-2 exchange, in October 2024 in favour of the standalone dYdX Chain. Trading, oracle price updates and funding payments on v3 ceased at 12:05 UTC on October 28, 2024, and the associated Ethereum smart contract was set to a frozen state on October 30, 2024. Users were repeatedly urged to withdraw USDC before the deadline; remaining assets stayed held in the Ethereum smart contracts.
Within the DeFi Intel graph, dYdX v3 sunset connects to 1 tracked entity, most strongly to dYdX v4.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
affected | dYdX v4 | 85% |
Frequently asked questions
When did dYdX v3 stop trading?
Trading, oracle updates and funding payments halted on October 28, 2024 at 12:05 UTC.
What happened to the v3 contracts afterwards?
The Ethereum L2 exchange contract was set to 'frozen' on October 30, 2024, with any remaining user assets held in the Ethereum smart contracts.
Why was v3 shut down?
dYdX moved its product to the standalone dYdX Chain and its 'Unlimited' upgrade, retiring the older StarkEx-based Ethereum layer-2 deployment.
Sources
Facts on this page were verified against the following sources.