TL;DR: (summary)
We would like to submit for consideration a software upgrade proposal for the dYdX Protocol Upgrade
v8.1. This upgrade introduces builder fee support, order batching, cross-margin market launches, and improved liquidity tiers.
Introduction:
Hello dYdX Community,
We’re bringing to your attention the dYdX Protocol release v8.1, aimed at better incentivising external builders, reducing friction and improving user experience, reducing market launch barriers.
Note: the introduction of v8.1 is subject to software upgrade via a governance proposal.
Specification:
Detailed information on the v8.1 features can be found in the release notes.
Key improvements include:
- Builder Codes which enable external parties to earn fees for submitting and routing orders.
- Clob Transaction Batching which allows multiple order actions in a single transaction.
- Cross Instant Market Listings which support cross-margin trading from market launch.
- IML_5x - a new liquidity tier for Instant Market Listings (discussion)
Next Steps:
Feedback is welcome on this DRC. The dYdX Operations subDAO suggests the following timeline for proceeding with the vote proposal:
- Proposal Submission: Jun 27 2025
- Expected Vote Outcome: July 1 2025
- Upgrade Date: July 2 2025
- Suggested Block Height: 48980000
Note: we advise that the potential proposer revise the suggested block height at the time of proposing and pick an upgrade height close to 15:00 UTC on July 2 - especially in case the ETA of 48980000 has shifted dramatically.
Resources:
- For a comprehensive overview of the dYdX Protocol v8.1 upgrade, visit the Github release page.
- Learn more about submitting proposals: Submitting a Proposal
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 using “v8.1” in the proposal JSON.
Thank you for your continued participation and support in the governance and improvement of the dYdX Chain.
dYdX Operations SubDAO