TL;DR: (summary)
We would like to submit for consideration a software upgrade proposal for the dYdX Protocol v9.6. This version introduces governance-controlled tuning of tick size and step size for perpetual markets.
Introduction:
Hello dYdX Community,
We’re bringing to your attention the dYdX Protocol release v9.6, which enables the dYdX community to modify market tick size and order step size via governance proposals. If approved, updates are applied consistently across both the CLOB keeper and memclob to keep market behavior in sync.
Note: the adoption of v9.6 is subject to software upgrade via a governance proposal.
Specification:
Detailed information on v9.6 can be found in the release notes.
Key updates include:
- Governance-driven market parameter updates - Adds support to update
SubticksPerTick(tick size) andStepBaseQuantums(step size) through governance, with coordinated updates to the CLOB keeper andmemclobto ensure consistency across the system.
Note: The GitHub release tag for v9.6 is protocol/v9.6.0-rc1.
Next Steps:
Feedback is welcome on this DRC. The dYdX Operations subDAO suggests the following timeline for proceeding with the governance proposal:
- Proposal Submission: Jan 26, 2026
- Expected Vote Outcome: Jan 28, 2026
- Upgrade Date: Jan 29, 2026
- Suggested Block Height: 73737000
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 Jan 29, 2026 - especially in case the ETA of 73737000 has shifted dramatically.
NOTE: Please make sure to include the required info-fields in the proposal.
NOTE: The protocol software has dropped patch number from upgrade name, therefore mandating the use of v9.6 in the proposal JSON.
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Thank you for your continued participation and support in the governance and improvement of the dYdX Chain.
dYdX Operations SubDAO