According to PANews, the dYdX Foundation has announced a proposal for an on-chain vote to upgrade the dYdX Chain protocol software to version 4.0 on the X platform. The proposed upgrade aims to make significant improvements to the protocol and network, including the addition of the x/authz module, IBC withdrawal restrictions, conditional order improvements, and an upgrade to Cosmos SDK v0.5. If the proposal is approved, the software upgrade will be executed at block 12,791,712, which is expected to be created on April 8th at 13:54 Beijing time.
Earlier today, the founder of dYdX revealed that the next version of dYdX will be built on L4.