dYdX Halt：探索薪酬格局

dYdX 鏈面臨不穩定。這篇博文總結了事件、薪酬和未來的改進，為交易者和社區成員提供了見解。

dYdX Halt: Navigating the Compensation Landscape

dYdX Halt：探索薪酬格局

On October 10, 2025, the dYdX Chain experienced a brief period of instability due to extreme market volatility, triggering a rare protocol edge case. The team swiftly addressed the issue, restoring normal operations shortly after midnight on October 11, 2025. User funds remained secure, and trading has since stabilized. Let's dive into what happened and what's next.

2025 年 10 月 10 日，由於市場劇烈波動，dYdX Chain 經歷了短暫的不穩定，引發了罕見的協議邊緣案例。該團隊迅速解決了該問題，並於 2025 年 10 月 11 日午夜過後不久恢復了正常運營。用戶資金仍然安全，交易從此穩定下來。讓我們深入了解發生了什麼以及接下來會發生什麼。

Unprecedented Market Conditions and a Swift Response

前所未有的市場狀況和快速反應

The incident occurred during a sharp downturn in digital asset prices across multiple markets. While dYdX is designed to handle large liquidations, the extreme volatility exposed an unexpected edge case in isolated markets. A sequencing error led the system to register a negative balance, despite the insurance fund's ability to cover the shortfall. The fail-safe mechanism paused the chain activity, preventing potential imbalances.

該事件發生在多個市場的數字資產價格急劇下跌期間。雖然 dYdX 旨在處理大規模清算，但極端波動暴露了孤立市場中意想不到的邊緣情況。儘管保險基金有能力彌補缺口，但排序錯誤導致系統出現負餘額。故障安全機制暫停了鏈活動，防止潛在的不平衡。

The dYdX Labs engineering team quickly developed and tested a patch, and the chain was back online by 1:41 AM ET on October 11, after a validator upgrade. While some validators experienced brief stale price updates after the restart, price feeds normalized once over 67% of validators resumed oracle posting, and trading returned to normal.

dYdX Labs 工程團隊快速開發並測試了補丁，驗證器升級後，該鏈於美國東部時間 10 月 11 日凌晨 1:41 重新上線。雖然一些驗證者在重啟後經歷了短暫的陳舊價格更新，但一旦超過 67% 的驗證者恢復了預言機發布，價格供給就恢復正常，交易也恢復正常。

Community Communication and Compensation Claims

社區溝通和賠償索賠

dYdX prioritizes community trust and acknowledges the stress experienced by affected traders. The User Support team actively communicated via X, Discord, and the official dYdX Intercom platform.

dYdX 優先考慮社區信任，並承認受影響交易者所承受的壓力。用戶支持團隊通過 X、Discord 和官方 dYdX Intercom 平台積極溝通。

Affected users are encouraged to submit claims by Friday, October 24, 2025, for individual review. The protocol's well-capitalized insurance fund is expected to cover verifiable losses, with compensation decisions subject to community governance and approval. It’s reassuring to see dYdX taking responsibility and offering compensation. Hopefully, the claims process will be smooth and transparent.

我們鼓勵受影響的用戶在 2025 年 10 月 24 日星期五之前提交索賠，以供單獨審核。該協議資本充足的保險基金預計將彌補可核實的損失，賠償決定須接受社區治理和批准。看到 dYdX 承擔責任並提供賠償令人放心。希望索賠過程將順利和透明。

Strengthening Decentralization and Coordination

加強權力下放和協調

The outage highlighted the need for improved validator coordination during live incidents. dYdX plans to enhance its response and communication strategies in challenging situations. The team is working to improve how it responds to issues and communicates during such difficult situations.

這次中斷凸顯了在現場事件期間改進驗證器協調的必要性。 dYdX 計劃增強其在挑戰性情況下的響應和溝通策略。該團隊正在努力改進在這種困難情況下響應問題和溝通的方式。

These outages are rare for dYdX. Over eight years, the protocol has become a trusted decentralized trading platform, surpassing $1.5 trillion in total volume.

對於 dYdX 來說，這些中斷很少見。八年來，該協議已成為值得信賴的去中心化交易平台，總交易量超過 1.5 萬億美元。

dYdX Foundation Analyst Call: Looking Ahead to 2026

dYdX 基金會分析師電話會議：展望 2026 年

The dYdX Foundation hosted its October 2025 Analyst Call, reviewing protocol performance, token metrics, and the roadmap for 2026. The dYdX Chain continues to lead in decentralized derivatives, exceeding $1.52 trillion in lifetime trading volume. The protocol has generated over $62 million in cumulative fees, with almost $50 million in rewards distributed to stakers. The number of DYDX holders has grown to over 92,000.

dYdX 基金會舉辦了 2025 年 10 月分析師電話會議，審查了協議性能、代幣指標和 2026 年路線圖。 dYdX 鏈繼續在去中心化衍生品領域處於領先地位，生命週期交易量超過 1.52 萬億美元。該協議已產生超過 6200 萬美元的累計費用，並向質押者分配了近 5000 萬美元的獎勵。 DYDX 持有者數量已增長至超過 92,000 人。

The DYDX token remains central to the ecosystem's security, with over 240 million DYDX staked across validators. The DAO-approved Buyback Program has repurchased over 5.3 million DYDX tokens, with more planned for Q4 2025. dYdX enters the final quarter of 2025 positioned for continued growth, emphasizing performance and institutional-grade innovation in its 2026 roadmap.

DYDX 代幣仍然是生態系統安全的核心，驗證者質押了超過 2.4 億個 DYDX。 DAO 批准的回購計劃已回購超過 530 萬個 DYDX 代幣，併計劃在 2025 年第四季度回購更多代幣。 dYdX 進入 2025 年最後一個季度，定位於持續增長，在 2026 年路線圖中強調業績和機構級創新。

Final Thoughts

最後的想法

The recent dYdX halt, while disruptive, underscores the importance of robust protocols and responsive teams in the decentralized finance space. The commitment to transparency, community communication, and compensation is a positive sign. As dYdX continues to evolve, these lessons will undoubtedly contribute to a more resilient and user-friendly platform. Here's to smoother trading ahead!

最近的 dYdX 暫停雖然具有破壞性，但強調了去中心化金融領域強大的協議和快速響應的團隊的重要性。對透明度、社區溝通和補償的承諾是一個積極的跡象。隨著 dYdX 的不斷發展，這些經驗教訓無疑將有助於打造一個更具彈性和用戶友好的平台。這是為了讓未來的交易更加順暢！