🫥 @dYdX has launched several detailed features on-chain, which feels like a significant step forward in terms of security and governance. Let's talk about the withdrawal restrictions first. If a certain sub-account has negative assets or cannot be liquidated, the system will automatically restrict withdrawals and transfers from that sub-account for 50 Blocks. This design is quite smart, as it can prevent the spread of risk. Additionally, if there is an on-chain downtime of more than 5 minutes, this restriction will also be triggered to ensure overall stability.

Additionally, a "governance penalty" mechanism called x/govplus has been introduced in governance, allowing holders of layer 1 tokens to punish violators and their stakers, especially to prevent behaviors that exploit MEV (miner extractable value), which is very important for maintaining network fairness.

There is also a module called x/authz that has been launched. In simple terms, it is an authorization feature that allows one account to authorize another account to operate on its behalf. This not only enables voting rights delegation but also supports new gameplay such as automatic reinvestment, which feels like it brings more flexibility to the ecosystem.

Finally, dYdX has upgraded the underlying Cosmos SDK to version 0.50.3, bringing a faster proposal approval process that allows important proposals to pass in a shorter time and with higher thresholds. If an expedited proposal is not approved, it will automatically convert to a regular proposal for re-voting, making the mechanism quite user-friendly, avoiding delays while maintaining fairness.

Overall, dYdX not only focuses on trading experience but also emphasizes governance and security, which is the key to the stable development of the ecosystem. It will be more reassuring to use in the future. The key is that it has a leaderboard event on @KaitoAI.