Decentralized derivatives protocol dYdX announced the completion of our second of five milestones. dYdX V4 currently has two working internal blockchain networks running in perpetuity. One serves as a developer playground, and the other serves as a general testnet. Functionally, the blockchain allows for core trading functionality, with leverage, fees, oracle price updates, hourly funding rates, and liquidations.
Milestones 3 is the completion of advanced features. The main features of this milestone are Advanced Order Types, Dynamic Funding Rates and others. Milestones 4 and 5 will be focused on non-core-product features such as governance, the process of adding or removing new trading pairs, and IBC connections to other chains. Milestone 4 will see the launch of a fully-public testnet, and the completion of Milestone 5 will include the launch of mainnet.