The dYdX (DYDX) community unanimously voted in favor of Wintermute proposals, including adopting the dYdX version 4 (V4) software, as a $14 million token unlock got underway

Wintermute, a cryptocurrency market maker, has pitched the adoption of a V4 open-source software. The voting process for the same started on Tuesday, with a deadline of Sept. 2. 

dYdX V4 Wintermute Proposal Gets Unanimous Approval

In addition, Wintermute has also proposed a migration of the DYDX token to the Layer 1 dYdX chain. An Ethereum smart contract will facilitate the migration from the Ethereum chain to the dYdX chain.

So far, the proposal has received a 100% vote in its favor.

Token Unlocks

According to data from TokenUnlocks, more than 6.52 million were unlocked on Tuesday. The tokens, worth $14 million, comprise 3.76% of the circulating supply.

dYdX, a decentralized exchange (DEX), has planned the
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Author: Harsh Notariya

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