What is dYdX?
Comprehensive information about dYdX and its ecosystem
About the Project
A brilliantly executed decentralized crypto derivatives exchange with margin trading and perpetuals options, which also added lending and borrowing services to decentralize the entire trading experience. Launched in 2017 and transitioned to its own dYdX Chain in October 2023, positioning itself as a leader in the DeFi sector with increased transaction speed and reduced gas fees. The dYdX Foundation supports the ecosystem by enabling communities, developers, and decentralized governance, with opportunities for users to engage through community discussions, open-source code contributions, trading, and governance participation.
Category & Classification
Category:
DeFi
Tags:
Derivatives
Perpetual Contracts
Margin Trading
Decentralized Exchange