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Winding down markets and final settlement
Winding down markets and final settlement

Winding down a market using v4 software

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Written by dYdX Operations Services Ltd.
Updated over a week ago

Context

There may be cases when an applicable governance community votes to wind down a market using v4 software.

Winding down a market using v4 software

  1. A decision by the applicable governance community is made to wind down a market

  2. If the vote passes, the market enters the final settlement procedure

    1. Cancel all open orders for the market

    2. Block trades from being placed

    3. Close out all open positions automatically through deleveraging β€” the indexer and front end will display the order type as Final Settlement

  3. Market will no longer be available to trade

    1. Fills history will still display trades in the market

    2. The market will no longer be available on the front end or tradable via the protocol

Disclaimer and Terms

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