The dYdX Foundation has initiated a community vote to decide on upgrading the dYdX Chain to version 8.0. The proposal aims to introduce permissioned keys for improved risk management and safety for API traders, as well as remove the marketmap feature. The timeline for the proposal includes the submission and on-chain vote starting on January 17, with the vote outcome expected on January 21 and potential implementation on January 22. The dYdX Chain is a decentralized finance trading platform that launched as a standalone app-chain in October 2023. Its native token, DYDX, is currently trading at around $1.43, with a 6% increase in the past 24 hours.



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