dYdX Chain Resumes Block Production Following 9.5-Hour Halt Due to Upgrade Bug

The dYdX, the foundational blockchain supporting the dYdX perpetual futures exchange, faced a significant outage early Monday, lasting over nine hours.

This disruption was attributed to a planned upgrade to version 4 of the chain, encountering a hiccup during the process.

Dimitar Petkov, dYdX's DeFi technical project lead, explained that this unexpected halt was due to the incorrect implementation of a bug fix from the Cosmos IAVL library, resulting in network state corruption.

Following nearly nine hours of downtime, dYdX released a fix for the software bug, enabling enough validators to resume block production by midday Monday.

The total outage lasted nine hours and 32 minutes, according to dYdX's status page.

Despite this, the perpetual futures decentralised exchange (DEX) of dYdX remained operational throughout, ensuring no disruption to trading activities.

Minor Updates Introduced

The version 4 upgrade introduced various minor updates to the trading platform, including a new feature empowering the community to slash malicious validators through governance votes.

Despite receiving overwhelming community support in a near-unanimous vote, the scheduled maintenance report had acknowledged potential disruptions, which manifested with Monday's outage.

Built on Cosmos technology, the Chain serves as an app chain tailored for the dYdX derivatives trading platform.

Since its beta phase in November, the chain has introduced enhancements, including the option for liquid staking of its native dYdX token since January.

The chain's dedication to innovation and community engagement was further evident in March, with a proposal to stake 20 million dYdX tokens from its treasury, valued at approximately $64 million, with the Cosmos liquid staking platform Stride.