Golden
dYdX

dYdX

dYdX is a protocol for the decentralized exchange of cryptoasset derivatives

dYdX is a blockchain protocol for decentralized derivatives and margin trading of cryptoassets that was created in 2017 by Antonio Juliano in San Francisco, California. dYdX utilizes Ethereum smart contracts to settle trades from off-chain order books. They present a set of protocols that allow several types of financial products to be created, issued, and traded for any pair of underlying ERC20 tokens. Their approach uses off-chain order books with on-chain settlement to allow creation of efficient markets. All described protocols are trustless, attempting to create open markets that are not governed by a central authority. The protocols are extensible, requiring no special permissions to be used with other smart contracts.

Margin Trading Protocol

dYdX has an extension of the dYdX Margin Trading Protocol that allows tokenization of short and leveraged long positions. Short Tokens and Leveraged Long Tokens implement the standard ERC20 interface, making them usable with existing smart contracts, trading platforms, and wallets. They also show how the price of each token can easily be calculated from the price of the base token used in the positions.

Timeline

People

Name
Role
Related Golden topics

Antonio Juliano

Founder



Avichal Garg

Investor



Brendan Chou

Software Engineer



Bryce Neal

Software Engineer



Christopher Golda

Investor



Elad Gil

Investor



Gillian Nguyen

Recruiter & Community Manager



Jack Herrick

Investor



Kevin Hartz

Investor



Linda Xie

Investor



Michael Sharon

Investor



Naval Ravikant

Investor



Pamir Gelenbe

Investor



Phillip Goldberg

Software Engineer



Raymond Tonsing

Investor



Reuben Bramanathan

Advisor



Scott Belsky

Investor



Steve Jang

Advisor



Zhouxun Yin

Head of Operations



Further reading

Title
Author
Link
Type

dYdX Margin Tokens – dydxprotocol – Medium

Zhuoxun Yin

Web

dYdX Short Tokens & Leveraged Long Tokens

dYdX

Web

dYdX: A Standard for Decentralized Derivatives

Antonio Juliano

Academic

Documentaries, videos and podcasts

Title
Date
Link

Apollo Capital chats with dYdX

October 4, 2018

dYdX - Derivative & Margin Trading From Your Hardware Wallet

October 25, 2018

Token Summit II - Show and Tell - dYdX with Antonio Juliano

December 28, 2017

Companies

Company
CEO
Location
Products/Services









References