I am a fan of the testnet. It lets developers play around with different concepts as close to the real-world environment as possible without risking their assets.
dYdX has five fases (milestones), where they reached the final two. There's no overview to be found, just blog-styled recaps, so I will break it down for you.
Orderbook &... More
When it comes to trading crypto on decentralized exchange, there are not a lot of choices. GMX, Gains Network, and dYdX are the choices that I'm aware of. Unlike other decentralized exchanges they use order books system which allow for lower fees than bounding curves-based DEXes. Additionally, all 3 of those offers margins to short and go long which is very important for traders.
There are... More
It's time to find out who is behind dYdX...
To begin with, it's important to understand that there are two distinct organizations associated with dYdX: the dYdX Foundation and dYdX Trading Inc. The dYdX Foundation is a project DAO based in Switzerland, with the goal of supporting and advancing the development of the dYdX Protocol project, including its ecosystem and technical aspects. As a... More
The protocol empowers users to lend, borrow, and speculate on the future prices of crypto assets through its decentralized exchange. dYdX's ultimate goal is to bring trading instruments typically found in traditional markets, such as stocks, bonds, forex, and commodities, onto the blockchain, creating a fully decentralized trading hub.
While there might be numerous DeFi protocols and plenty of... More
What is dYdX?
In essence, dYdX is a decentralized margin trading platform that only requires a wallet, funds, and motivation to use - without any need for verification or other requirements.
It's important to note that dYdX operates on the StarkWare Layer2 blockchain, which drastically lowers transaction fees and eliminates gas fees.
StarkWare is necessary... More
As of the time of writing (May 24, 2023), dYdX, a strong project, is displaying bearish signals. Exchange signals appear bullish, while onchain signals indicate a bearish trend.
With a correlation of 0.87 to Bitcoin, it is safe to say that the performance of BTC is affecting dYdX heavily. Currently, 67% of the project is "Out of the Money," meaning the current price is lower than the average... More
dYdX is a decentralized exchange platform for cryptocurrency margin trading. "Oh really, so what?". Well, let me spotlight that for you!
dYdX started in 2017 as a layer 1 on Ethereum blockchain. It has since expanded its offerings to include margin and perpetual trading for various cryptocurrencies. Traders can now choose between two experiences: Layer 1 dYdX (on Ethereum) and Layer 2 dYdX... More
Let's delve into the world of DYDX, a potent open trading platform for crypto assets that offers features like lending, borrowing, and accepting custom margin positions. I've been keeping an eye on this protocol for a while now and still remember the frenzy surrounding its airdrop, with some lucky users receiving over $100K+. The entire market was abuzz with excitement. Fast forward to today, and... More
Regarding the current state and future prospects of dYdX, I would like to address both the present idea and potential future ideas.
Current Idea: The core concept driving the dYdX project is to empower individuals by granting them greater control over their financial activities through the utilization of blockchain technology. By offering decentralized margin trading and lending services, dYdX... More
Having used dydx there are a few aspects I really like about this DEX which make it appealing to use.
There are also a few things I do not like:
Who is DxDY built fot and What do they offer?
DxDy is a Decentralized exchange platform (DEX) for cryptocurrency designed to facilitate spot and derivatives trading. Spot trading occurs on Ethereum's Layer , while derivatives are handled on Layer 2, thereby providing swift and cost-effective trades.
As of today, DxDY boasts between 34 ~ 37 trading pairs. While this might seem modest compared to... More
As major exchanges are currently looking at KYC and crypto traders take a stance on anonymity/non-KYC, dYdX serves as an excellent platform for perpetual traders along with 20x leverage on Ethereum. dYdX allows for trading while maintaning ownership of funds, as the saying goes "not your keys, not your coins".
dYdX is currently also on iOS, opening up even larger space for potential traders to... More
dYdX is worth keeping an eye on in my opinion. The project offers a number of features that are attractive to serious traders, including:
Margin trading: dYdX allows users to trade with up to 20x leverage (not the greatest). This means that you can control a larger position with a limited investment which does help a great deal when trading.
Prediction markets: dYdX also offers some prediction... More
Have you by any chance checked the forum of dYdX (img1)? The topics there are very informative. Some are pretty technical, but it is cool to see they have great activity there.
I want to break it down by per category where dYdX is currently active in.
203.5K Followers, 2,631 tweets. Many tweets and following their timeline will keep you updated on all the... More
I think the way the current crypto landscape is now set up with CEX’s having less trust from the public than ever before and exchanges being so much more vigilant on KYC, its is now the time for DEX’s to take the limelight and run the exchange show in the crypto world. Being a pioneer of the DEX trading world dYdX should continue to evolve, improve and add more pairs to trade which will... More
Currently, dYdX stands out as the only perpetual DEX that offers a UI/UX comparable to CEX. By settling orders on an L2 rollup, dYdX ensures smooth and efficient transactions. Additionally, the gas subsidy for depositing into dYdX further reduces the entry barrier for traders.
However, during periods of high market volatility, fast withdrawals on dYdX can be depleted rapidly, leaving users with... More
DYDX is the governance token on dYdX network. A total of 1,000,000,000 DYDX have been minted and will be released over the span of 5 years, starting on August 3rd, 2021. The initial five-year allocation of the total supply of DYDX will be distributed as follows:
dYdX is a fully decentralized exchange with off-chain orderbook and matching engine capable of scaling to orders of magnitude. This enable it to have extremely high throughput and lightning-fast transactions for the orderbook, while remaining decentralized. This DEX specifically trades perpetual pairs with up to 25x leverage, lending and borrowing. Its native token is DYDX which is an ERC20... More
DYdX is one of the most powerful DEX (Decentralized Exchange) platforms available today for derivatives (protocols for betting with leverage).
Designed specifically for perpetual swaps, dydx works differently than other DEXs such as Uniswap. It offers the comprehensive palette of services any decent trader would expect: margin trade, borrowing, as well as lending and is especially popular for... More
dYdX DYDXdYdX is a decentralized exchange platform that offers perpetual trading options.
