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

Winding down a market using v4 software

Roselynn Chang avatar
Written by Roselynn Chang
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 — 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

This document may provide information with respect to the default settings of dYdX Trading Inc. (”dYdX”) v4 software [(”dYdX Chain”)], or non-mandatory guidelines and suggestions that may help with using v4 software. dYdX does not deploy or run v4 software for public use, or operate or control any dYdX Chain infrastructure. dYdX is not responsible for any actions taken by other third parties who use v4 software. dYdX services and products are not available to persons or entities who reside in, are located in, are incorporated in, or have registered offices in the United States or Canada, or Restricted Persons (as defined in the dYdX Terms of Use). The content provided herein does not constitute, and should not be considered, or relied upon as, financial advice, legal advice, tax advice, investment advice or advice of any other nature, and you agree that you are responsible to conduct independent research, perform due diligence and engage a professional advisor prior to taking any financial, tax, legal or investment action related to the foregoing content. The information contained herein, and any use of v4 software, are subject to the v4 Terms of Use.

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