1. Necessary Parameters for the TRY-USD Futures Market
2. Role of the dYdX Community and Future Expectations

The dYdX Foundation announced on September 18 that the community has decided to add the Turkish lira (TRY) to the dYdX Chain. This paves the way for the active use of TRY on the platform.

Necessary Parameters for the TRY-USD Futures Market

As part of the accepted proposal, it is planned to add the necessary parameters, including x/prices, x/perpetuals, and x/clob, to establish a TRY-USD futures market. Initially, it will be created in ‘INITIALIZING’ status and will transition to ‘ACTIVE’ status after 3600 blocks.

Role of the dYdX Community and Future Expectations

Community voting is seen as a cornerstone of governance for decentralized platforms. The integration of TRY into the dYdX Chain will introduce a new currency for trading on the platform, contributing to a more inclusive ecosystem. The addition of TRY is considered a strategic step in the international expansion of the platform, providing users significant opportunities for trading with the Turkish lira.

The community’s decision is an important step toward increasing the adoption of TRY and expanding Turkish lira-based trading options. The dYdX Foundation believes this new market will attract a wider user base.