The official website of dYdX released a post-mortem analysis of the sharp price fluctuations of SUSHI and YFI on dYdX v3, stating that the person responsible has been successfully traced and reported to law enforcement authorities. dYdX is assisting law enforcement authorities in investigating the matter and is evaluating all legal options.
In addition, dYdX stated that it has made risk control updates to dYdX v3, including modifying the margin for less liquid markets; when abnormal activities occur, the initial margin ratio will be automatically adjusted, which will affect the ability to withdraw unrealized profits, but will not Affects liquidation prices; improved open interest monitoring and alerts, especially on longer timeframes.
At the same time, dYdX Chain will control risks in the following aspects in the future, including redesigning the clearing engine, ensuring data-driven market availability, adopting variable margin ratios, and introducing new risk management tools.