{"id":75434,"date":"2024-04-08T09:02:15","date_gmt":"2024-04-08T13:02:15","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=75434"},"modified":"2024-04-08T09:02:18","modified_gmt":"2024-04-08T13:02:18","slug":"defi-protocol-dydx-investigates-halt-in-block-production","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/defi-protocol-dydx-investigates-halt-in-block-production\/","title":{"rendered":"DeFi Protocol dYdX Investigates Halt in Block Production"},"content":{"rendered":"\n

DeFi protocol developer dYdX <\/a>declared that it is looking into the reason for the recent stoppage of block production during a planned chain update.<\/p>\n\n\n\n

\"DeFi
DeFi Protocol dYdX Investigates Halt in Block Production <\/figcaption><\/figure>\n\n\n\n

dYdX released a status report on April 8 at 05:30 UTC, stating that the chain was moving forward with a planned protocol upgrade and that there would be some disruptions to the chain's functionality.<\/p>\n\n\n\n

However, following the planned repair, the chain did not start up again with block production.<\/p>\n\n\n\n

As of this writing, the most recent blocks generated by the dYdX mainnet were from five hours before the planned update, according to the blockchain explorer platform<\/a> Nodes Guru.<\/p>\n\n\n\n

\"Blocks
Blocks produced by the dYdX mainnet (GST timezone). Source:\u00a0Nodes Guru<\/em>\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

Additionally, dYdX attested to the chain's problem and reported that its team debugged it at 6:50 UTC. Still under investigation, the team stated that a resolution may not occur for some time. They penned:<\/p>\n\n\n\n

\n

\u201cThe issue continues to be investigated. It\u2019s been agreed to reconvene with the validators around 15:00 UTC. This means that the devs won\u2019t suggest a workaround or a fix until then so that the validators won\u2019t get jailed for not being online when the chain restarts.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Proposed on February 21, the protocol upgrade featured changes about Cosmos, risk and safety, and order book features.<\/p>\n\n\n\n

The dYdX community recently accepted the staking of 20 million coins, which is when the outage occurred.<\/p>\n\n\n\n

The dYdX community decided on April 6 to approve the staking of $61 million worth of Treasury Tokens using the Stride liquid staking protocol<\/a>.<\/p>\n\n\n\n

As dYdX pointed out, the action comes from the protocol's increased trading activity. They stated that “deposits to the exchange are growing at a tremendous pace, and the rate of DYDX being staked to validators has plateaued.”<\/p>\n\n\n\n

In November 2023, the dYdX chain was likewise the victim of a targeted attack that resulted in losses of $9 million.<\/p>\n\n\n\n

The protocol announced on January 3 that it had already identified the assailant and was considering filing a lawsuit. Additionally, it claimed to have upgraded its trading platform to better notifications and monitoring.<\/p>\n","protected":false},"excerpt":{"rendered":"

DeFi protocol developer dYdX declared that it is looking into the reason for the recent stoppage of block production during a planned chain update. dYdX released a status report on April 8 at 05:30 UTC, stating that the chain was moving forward with a planned protocol upgrade and that there would be some disruptions to […]<\/p>\n","protected":false},"author":12,"featured_media":75446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[18537,11230,4660,17018],"class_list":["post-75434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-block-production","tag-defi-protocol","tag-dydx","tag-dydx-chain"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/image-34.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=75434"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/75446"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=75434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=75434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=75434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}