On March 10th, our team noticed a higher than normal amount of fast withdrawal requests. Fast withdrawals are expedited slow withdrawals that come from a liquidity pool. This means that fast withdrawals may not be able to be processed if the pool is empty. The pool is replenished on a rolling-basis, around 12 hours after each fast withdrawal occurs. Due to the uptick in fast withdrawal requests, we are monitoring the liquidity pool in real time. The liquidity pool funds can be checked at https://api.dydx.exchange/v3/fast-withdrawals.
It is also important to note that slow-withdraws are not affected and operate as normal. Furthermore, all funds remain safe and fully auditable on-chain. You can read more about fast withdrawals at our help center.
To learn more about our plans and for the most recent updates regarding dYdX, join us on Discord and Twitter.
About dYdX
dYdX is the developer of a leading decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. We combine the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.