[DRC] Proposal for dYdX Protocol Upgrade to v9.0

dYdX Chain
, ,
1

image
image1920×956 50 KB

TL;DR: (summary)

We would like to submit for consideration a software upgrade proposal for the dYdX Protocol v9.0. This version introduces TWAP order support, revenue sharing for order routers, and governance-driven proposer set reduction.

Introduction:

Hello dYdX Community,

We’re bringing to your attention the dYdX Protocol release v9.0, which introduces TWAP order support, order router revenue sharing, and proposer set reduction to further enhance trading functionality, ecosystem incentives, and governance flexibility.

Note: the adoption of v9.0 is subject to software upgrade via a governance proposal.

Specification:

Detailed information on v9.0 can be found in the release notes.
Key updates include:

  • TWAP Orders: Allows users to submit orders that will be executed at certain time intervals at the current market price.

  • Order Router Revenue Sharing: Enables frontends to receive a governance-defined share of trading fees by attributing their router to orders.

  • Proposer Set Reduction: Provides dYdX governance the ability to designate a subset of validators as block proposers, improving reliability and performance.

Next Steps:

Feedback is welcome on this DRC. The dYdX Operations subDAO suggests the following timeline for proceeding with the governance proposal:

  • Proposal Submission: 27.08.2025

  • Expected Vote Outcome: 31.08.2028

  • Upgrade Date: 02.09.2028

  • Suggested Block Height: 54450000

Note: We advise that the potential proposer revise the suggested block height at the time of proposing and pick an upgrade height close to 5:00 PM (UTC) on 02.09.2025 - especially in case the ETA of 54450000 has shifted dramatically.

Resources:

NOTE: Please make sure to include the required info-fields in the proposal.

Also, please note that the protocol software has dropped patch number from upgrade name, therefore mandating the use of v9.0 in the proposal JSON.

Thank you for your continued participation and support in the governance and improvement of the dYdX Chain.

dYdX Operations SubDAO

1 Like
2

Hello dYdX Community,

We have submitted a proposal—don’t miss your chance to vote! [proposals/271](Mintscan).

Thank you.

2 Likes