The dYdX community proposes to create a new JUP-USD perpetual contract market

ChainCatcher news, the decentralized derivatives trading platform dYdX is currently voting on proposal number 10, which proposes the creation of a new JUP-USD perpetual contract market. The proposal aims to create the market in an "initialization" state by adding the necessary x/prices, x/perpetuals, and x/clob parameters, and then transition to an "active" state after 3600 blocks.

Current voting results show that, despite a support rate of 100%, the proposal may be rejected due to a participation rate of only 0.6%, which fails to meet the required 33.4% quorum threshold. Voting will continue until February 6.