Wintermute proposes that the dYdX community adopts the dYdX v4 open-source software as the next version and uses DYDX as the L1 token.
BlockBeats news, on August 22, cryptocurrency market maker Wintermute proposed the following suggestions to the dYdX community:
1. The dYdX community should adopt the dYdX v4 open source software as the next version of the dYdX protocol;
2. Use DYDX as the L1 token for the dYdX chain;
3. Adopt the smart contract developed by the dYdX Foundation to establish a one-way cross-chain bridge for DYDX tokens between the Ethereum and dYdX chains;
4. It is recommended that dYdX chain validation nodes refer to this smart contract when distributing DYDX on the dYdX chain;
5. On dYdX v3, wethDYDX will have the same governance and application functions as the Ethereum version of DYDX.
Wintermute stated that they support dYdX v4 and the role of DYDX tokens on the dYdX chain, so these suggestions are proposed for the community's consideration.