Changes to MATIC-USD

Incident Report for dYdX V3

Update

The maximum 8-hour funding rate for MATIC-USD has been updated from 4% to 1%.
Funding occurs hourly so the maximum hourly funding rate is 0.125%

Posted Sep 07, 2024 - 01:01 UTC

Update

We have increased the initial margin fraction of MATIC-USD to 100%

We are continuing to monitor volume and liquidity metrics for MATIC and POL

Posted Sep 06, 2024 - 18:41 UTC

Update

We have increased the initial margin fraction of MATIC-USD to 0.50.

Posted Sep 06, 2024 - 03:17 UTC

Update

We have increased the initial margin fraction of MATIC-USD to 0.25.

Posted Sep 05, 2024 - 01:17 UTC

Monitoring

In preparation of the MATIC -> POL migration, we have increased the initial margin fraction of MATIC-USD from 0.10 to 0.20.

Posted Aug 29, 2024 - 14:41 UTC

This incident affects: trade.dydx.exchange.