dYdX announces open source code and launches v4 upgrade

DEX dYdX announced on Tuesday that it will open source its code and launch the v4 upgrade. The developer, dYdX Trading Inc., stated that the v4 upgrade will make the exchange completely decentralized and community-operated, meaning that the company will no longer control the protocol or charge transaction fees. After the v4 is launched on the mainnet, changes to the stack will be governed by community voting through the dYdX Foundation.