{"id":581517,"date":"2023-03-27T20:15:13","date_gmt":"2023-03-27T19:15:13","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=581517"},"modified":"2023-03-27T20:15:22","modified_gmt":"2023-03-27T19:15:22","slug":"dydx-up-12-announcement-of-cosmos-testnet","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/dydx-up-12-announcement-of-cosmos-testnet\/","title":{"rendered":"dYdX Up 12% Following The Announcement Of Cosmos Testnet"},"content":{"rendered":"\n
dYdX, one of the most popular decentralized crypto trading platforms, announced the launch of its private testnet on the Cosmos blockchain. The testnet brings the DeFi crypto exchange one step closer to transitioning to a completely decentralized model from its current \u201chybrid decentralized model\u201d. <\/p>\n\n\n\n
According to a blog post<\/a> by dYdX, the DeFi exchange recently achieved the third out of five milestones with the finalization of the private testnet\u2019s launch. The launch is slated for 28 March 2023 and is expected to last between 2-3 weeks. The third milestone covers several objectives including Advanced order types, Dynamic funding rates, and documentation for Validators, among other things.\u00a0<\/p>\n\n\n\n The decentralized trading platform plans to launch a fully public testnet by the end of July this year, thereby expanding the number of validators testing the changes. The DeFi exchange is anticipating the complete transition to Cosmos from Ethereum by September 2023, which is when its mainnet will go live.\u00a0<\/p>\n\n\n\n