The Alpha stage focuses on staking, stabilizing and securing the dYdX Chain🔒
Staking DYDX directly contributes to dYdX Chain security. As more DYDX holders choose to stake their tokens to a diverse set of Validators, it becomes increasingly difficult for a coordinated attack
During the Alpha stage the dYdX Operations subDAO team will measure clear performance metrics to analyze the dYdX Chain’s readiness;
Sufficient DYDX tokens are staked to secure the network
No further updates or fixes are needed
Among other benchmarks
The transition from the Alpha stage to the Beta stage hinges on a successful community vote via dYdX Governance, the stability and security of the dYdX Chain network and the readiness of the indexer infrastructure, among other factors.
Read the tl:dr on the Alpha stage
Pay attention to the announcement on Monday 30th October (subject to official confirmation) and for more information about how to bridge.
Indeed, but if they are aiming for a percentage of circulation supply, let’s say 50% staked of circulating supply, that changes in December. Thats why I’m asking if the upcoming token unlock figures in their calculations.
Thank you for your questions. We want to make sure that the dYdX Chain is running smoothly and securely. This depends not only on the amount of DYDX tokens staked with Validators.
Some of the additional metrics we observe are:
Distribution of stake weight
Geographic distribution of Validators
Stability of the chain
As soon as the dYdX Operation subDAO and the appropriate dYdX governance community deem the dYdX Chain secure, we are comfortable with recommending that a community member puts forward a governance proposal to enable trading on the dYdX Chain.