Decentralized trading platform dYdX proposes v9.9 upgrade to migrate USDC reserves
TechFlow reports, on November 13, according to a community proposal submitted by the dYdX operating sub-DAO, the dYdX protocol plans to upgrade to v9.9, gradually migrating the on-chain USDC reserve support from Noble USDC to Injective USDC, while users' existing balances and the USDC denomination used for trading remain unchanged. The proposal states that after migration begins, USDC deposits will only be accepted via Injective, with deposits from Noble being refunded; withdrawals will temporarily be available through both Noble and Injective, and once the Noble reserve is depleted, closing Noble withdrawals will still require governance approval. The proposal recommends upgrading on November 17, with a suggested block height of 114220000, though the actual upgrade requires governance approval.
TechFlow reports, on November 13, according to a community proposal submitted by the dYdX operating sub-DAO, the dYdX protocol plans to upgrade to v9.9, gradually migrating the on-chain USDC reserve support from Noble USDC to Injective USDC, while users' existing balances and the USDC denomination used for trading remain unchanged.
The proposal states that after migration begins, USDC deposits will only be accepted via Injective, with deposits from Noble being refunded; withdrawals will temporarily be available through both Noble and Injective, and once the Noble reserve is depleted, closing Noble withdrawals will still require governance approval.
The proposal recommends upgrading on November 17, with a suggested block height of 114220000, though the actual upgrade requires governance approval.
