dYdX is taking steps to address the impact of a recent chain halt that affected traders during a significant market downturn. Based on the data provided in the document, the platform's governance community is set to vote on a proposal to allocate funds to those impacted by the incident, which lasted for eight hours.
Outage Details
The outage occurred on October 10, triggered by a misordered code process that led to delays in validators restarting their oracle sidecar services. Although no user funds were lost on-chain, many traders faced liquidation-related losses during this period.
Compensation Package
To mitigate these losses, dYdX is considering a compensation package of up to $462,000 from its insurance fund, pending approval from the governance community. This move highlights dYdX's commitment to supporting its users and maintaining trust within its trading ecosystem.
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