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Mainnet genesis exception, Binance delays listing Dymension (DYM).

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Odaily星球日报
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2 years ago
AI summarizes in 5 seconds.

Original | Odaily Planet Daily

Author | Azuma

Mainnet Genesis Exception, Binance Postpones Dymension (DYM) Listing

The modular settlement layer project Dymension finally welcomed the long-awaited mainnet genesis day in the community today.

As a new project leading another narrative in the modular competition track, coupled with the large-scale DYM airdrop to multiple ecosystem users, Dymension's popularity in the community has been steadily rising.

Earlier today, Binance also announced the postponement of the DYM listing at 23:00. "Modularization + Large-scale airdrop + Binance's rapid support," it seems that DYM is heading towards a legendary script like TIA.

However, while the community was eagerly anticipating it, Dymension's own mainnet genesis unexpectedly encountered a malfunction.

The first to disclose the anomaly on social media was Jake Lee, the founder of rug.ai. Jake stated around 21:00 tonight on X platform: "The Dymension mainnet has actually gone live, but the validating nodes have not reached consensus yet, because there is a faulty validating node, Chorus One, in the validating node set, which holds 34.8% of the staking token delegation weight."

Mainnet Genesis Exception, Binance Postpones Dymension (DYM) Listing

According to Odaily Planet Daily's investigation, Chorus One is a multi-chain PoS validation service provider involved in more than fifty blockchains and should have rich experience in PoS validation.

In addition to Jake Lee, another multi-chain PoS validation service provider, Stake&Relax, participating in the Dymension mainnet launch, also stated around 20:00 on X platform: "After the Dymension mainnet went live, the chain stopped at block height 2 (consistent with the information in Jake's screenshot), because a validating node initially had over 33% of the validation weight, this issue will definitely be resolved, please wait for updates."

Mainnet Genesis Exception, Binance Postpones Dymension (DYM) Listing

However, the issue did not last long. Shortly after Stake&Relax updated the information, Enigma, an active multi-chain PoS validation service provider in the Cosmos ecosystem, stated on X platform at 22:28 that Dymension had resumed block production and the mainnet had gone live.

Mainnet Genesis Exception, Binance Postpones Dymension (DYM) Listing

Subsequently, according to Odaily Planet Daily's verification, multiple Dymension block explorers showed that the network had resumed block production, indicating that the Dymension mainnet had been successfully launched and was continuing to operate.

Mainnet Genesis Exception, Binance Postpones Dymension (DYM) Listing

After the incident of the mainnet genesis exception, the core player Chorus One also explained the situation on X platform.

Chorus One stated at 10:38: "The team is resolving an unknown issue, which caused the Dymension mainnet to start abnormally about 2 hours ago. The current status is that all validators are coordinating a restart, once the issue is resolved, Chorus One will immediately join the mainnet."

Mainnet Genesis Exception, Binance Postpones Dymension (DYM) Listing

Chorus One added that it is currently uncertain what caused the abnormal situation, and why is Chorus One widely concerned by the community? There are two reasons: first, our deployment is fine, and it's not just us who have issues; second, Chorus One had too much staking weight in the genesis block, Chorus One was an early supporter of Dymension, and other early investors did not stake in the genesis, which led to Chorus One having 34% staking weight at the genesis.

To put it simply, the first sentence means "Our deployment is fine, and more than just us have issues," and the second sentence means "Having too much staking weight is not a problem, other nodes are just slow to act"…

Fortunately, this mainnet genesis exception did not cause a significant impact. After about two hours of chaos, the Dymension mainnet finally started successfully.

However, perhaps out of caution, Binance has announced that the listing of DYM will be postponed until 1:00 tomorrow morning. Whether this twist will affect the previously heated community sentiment remains to be seen.

Mainnet Genesis Exception, Binance Postpones Dymension (DYM) Listing

It is worth mentioning that after the mainnet resumed normal operation, many users encountered various errors when trying to deposit DYM into Binance. If you encounter this issue, you may try switching RPC to resolve it.

According to Aevo data, the pre-launch contract of DYM on the platform is currently priced at $3.88. What will happen after the listing on Binance? Let's wait for another hour.

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