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What is DYDX (DYDX)

DYDX are Decentralized Exchange  (DEX) run on Ethereum network, with the main purpose is for users to be able to exchange their digital asset without a middle person to control the exchange, but use Smart Contract to process the transaction automatically and highly transparently.

Founder

DYDX was founded by Antonio Juliano, a highly experienced specialist who graduated from Princeton majoring in Computer Science, and worked as Software Engineer at Coinbase before inventing the platform himself.

Why DYDX

DYDX provide the platform for exchange with blockchain technology to validate transactions on platform through highly transparent process. User can also trade with Leverage on DYDX platform as well. 

DYDX transferred  to Layer 2 which increases scalability of the network through use of a form of zero-knowledge rollup — zkSTARKS. The technology increases platform stability, more ease of use for users, higher processing speed, and cheaper fee.

DYDX Utility

As the native coin of platform, DYDX coin utilities are as follow:

1. Governance Token, holder have the right to vote for the development policy of platform freely
2. Reward for investor who stake stable coin on platform, and will receive reward as DYDX coin
3. Reward for trading on platform
4. DYDX coin can be used as the transaction fee discount on platform, the discount range from 3% to 50 %

Roadmap and future of DYDX

Last year the trading volume on the platform exceeded USD 1 billion, with 33 trading pairs that include from main token to meme token. DYDX had collaborated with Chaos Lab to organize Incentive Program, which total of USD 20 million worth of DYD are given away to user that trad on platform. DYDX plans to organize this event again, and collaborate with Chaos Lab again as well.

*Cryptocurrency and digital token involve high risks; investors may lose all investment money and should study information carefully and make investments according to own risk profile.