DYdX community to vote on $462K payout proposal following outage
Cointelegraph
dYdX proposes a community vote on compensating affected traders up to $462,000 from its insurance fund after an eight-hour outage.Summary
Decentralized exchange dYdX has proposed that its governance community vote on compensating traders affected by an eight-hour chain halt that occurred during a major market crash in October. The outage, caused by a misordered code process and exacerbated by validator delays, resulted in some traders suffering liquidation-related losses, although no on-chain user funds were lost. The proposed compensation of up to $462,000 will be drawn from the protocol’s insurance fund. In contrast, Binance, which also faced issues during the historic liquidation event, announced a separate $400 million relief initiative for affected traders.
(Source：Cointelegraph)