Subject: Transition of Market Map Authority and Conclusion of Skip Protocol's involvement in Slinky

dYdX Chain
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Dear dYdX Community,

We want to provide an update regarding our role as the Market Mapper for the dYdX community. As many of you know, Skip Protocol has recently evolved into Interchain Labs, a shift that reflects our deepened focus on maintaining and advancing core libraries for the Cosmos ecosystem. With this transition, we are prioritizing efforts that align directly with our long-term responsibilities, and unfortunately, this means we no longer have the capacity to continue our work on the Slinky/Conenct oracle and market map updater system.

We will continue our deep partnership with dYdX community via our maintenance and development of the Cosmos tech stack that runs the dYdX protocol (the Cosmos SDK, Comet, and IBC), and have a lot planned.

This will not affect operations, and we have given dYdX community a permanent license to use the code we built and the ability to run it themselves. To ensure a smooth transition, we have fully reimbursed the dYdX grants program for the unused portion of our grant, fulfilling our obligation in good faith. Furthermore, the authority for the market map will be transferred to a trusted entity selected by the dYdX community. We anticipate being able to transition out of the market mapper role by early February.

We’re deeply grateful for the opportunity to collaborate with the dYdX community and are confident that this transition will support the continued growth and resilience of the protocol. Thank you all for your understanding, and we look forward to seeing the dYdX ecosystem thrive.

Best regards,

The Interchain Labs Team (formerly Skip Protocol)

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Hello dYdX Community!

We would like to thank the Interchain Labs team (formerly Skip Protocol) for their valuable contributions and support during this transition phase. The dYdX Operations subDAO has been collaborating closely with them and other collaborators to be able to successfully assume the role of the market mapper operator.

As you may know, the Interchain Labs team was selected via Governance Proposal #163 to serve as the market map operator. This role involves actively maintaining and updating market parameters (and associated oracle sources) for markets listed through “Instant Market listings” on the dydx.trade front end, and updating such parameters for existing markets listed through this process.

The dYdX Operations subDAO will post an on-chain proposal to add our dYdX Chain address as a Market Map Authority. We will reduce the revenue share for the market map updater from 10% to 0%. In other words, this means that the dYdX Operations subDAO won’t be collecting any revenue from new and previously listed markets.

dYdX Operations subDAO.

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