dYdX announced on Tuesday that it is open sourcing its code, marking the beginning of the V4 upgrade and the transition from the Ethereum Layer 2 network to an independent blockchain in the Cosmos ecosystem.
dYdX Trading Inc., the developer behind dYdX, said that the V4 upgrade will make the DEX fully decentralized and operated by the community, which means that the company will no longer control the protocol and will not charge transaction fees. (CoinDesk)
According to previous news in June, dYdX founder Antonio Juliano said that dYdX V4 will be completely open source and does not contain any commercial copyright license. Anyone can use the code at will; on October 19, dYdX launched the dYdX Chain V4 test network.