dYdX Proposes Adjustments to Short-Term Order Rate Limits

According to Foresight News, dYdX has initiated a proposal vote on whether to adjust the short-term order rate limits on its platform. The proposal aims to modify tier limits to enhance the trading experience for users dealing with funds ranging from $20 to $10,000. Currently, the limits for status orders and short-term orders are set between 4-10 orders, which restricts liquidity and affects order depth. The proposed changes would increase the status order limit to 10-40 orders and the short-term order limit to 10-50 orders, while maintaining system performance. Although the proposal has received a 100% approval rate, the number of votes cast has not yet reached the required threshold.