Decentralized exchange (DEX) dYdX announced on Tuesday that it will open source its code, marking the launch of the exchange’s v4 upgrade and the much-anticipated move from a layer 2 network on Ethereum to independence within the Cosmos ecosystem, CoinDesk reported. The transition to blockchain. If the proposal is accepted by the community and passes a governance vote led by the dYdX Foundation, the blockchain’s new mainnet, or “mainnet,” will go online.
Earlier this month, the founder of dYdX said that the transition to Cosmos is planned to take place this month, and the platform will be "fully decentralized" by then . dYdX Trading Inc. has also updated its charter and transformed into a public interest company .




