The dYdX Foundation, an independent decentralized finance (DeFi) nonprofit founded to support the dYdX protocol, recently launched a public testnet for its latest version, v4. According to the foundation, this puts dYdX ahead of schedule for the impending launch of the v4 mainnet, something the foundation claims represents complete decentralization for dYdX.
As Cointelegraph recently reported, the July 5 testnet launch represented the fourth of five milestones the dYdX Foundation laid out in a roadmap toward decentralization last year.