The dYdX Chain Experiences Chain Halt During Upgrade: What You Need to Know
The dYdX Chain recently faced a chain halt as part of a scheduled upgrade, leading to an ongoing outage since 6:50 a.m. UTC. Below are key points to understand the situation:
dYdX Chain Outage Details
- The chain halt occurred during a scheduled upgrade, causing block production to cease abruptly.
- dYdX engineers are currently working to debug the issue that led to the halt.
- This outage marks the first major disruption for the protocol since the launch of dYdX version 4 on the standalone Cosmos blockchain.
Scheduled Upgrade and Maintenance
- The dYdX Chain was set to undergo its v4.0.0 protocol upgrade on the day of the incident.
- Scheduled maintenance was completed at 6:30 a.m. UTC, with the chain halt issue emerging 20 minutes later.
Investigation and Resolution
- dYdX team members are actively investigating the issue to identify the root cause of the chain halt.
- Network validators are expected to convene at 3 p.m. UTC for further discussion and potential resolution.
Impact on dYdX Token Price
- Despite the chain halt, the price of dYdX’s token has remained relatively stable, showing a 4% increase over the past 24 hours.
- Market reactions to the outage have been limited, with the token price holding steady amidst the technical issues.
Hot Take: dYdX Chain Outage Sparks Maintenance Concerns
UPDATED: April 8, 2024, 5:46AM EDT
+4.86%
has experienced a chain halt during a scheduled upgrade.
The outage has been ongoing since 6:50 a.m. UTC, according to an incident report. On-chain data shows block production appearing to stop shortly after, with dYdX engineers currently debugging the issue.
The incident represents the first major outage for the protocol since dYdX version 4 and its standalone Cosmos blockchain launched on mainnet in October, according to its status page.
The dYdX Chain was scheduled to undergo its v4.0.0 protocol upgrade today which could potentially disrupt functionalities. Scheduled maintenance was completed at 6:30 a.m. UTC. However, the chain halt issue began 20 minutes later.
In a status update at 9:21 a.m. UTC, dYdX said the issue continues to be investigated and it has been agreed for network validators to reconvene at 3 p.m. UTC.
“This means that the devs won’t suggest a workaround or a fix until then so that the validators won’t get jailed for not being online when the chain restarts,” the team said. When a validator is “jailed,” it means it’s been temporarily suspended from participating in the network activities.
The incident does not appear to have impacted the price of dYdX’s token, which is up over 4% during the past 24 hours, according to The Block’s price page.
The dYdX team did not immediately respond to a request for comment from The Block.
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