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dYdX

dYdX

dYdX is a decentralized trading platform for margin trading, borrowing and lending. dYdX is a leading decentralized exchange offering Perpetual, Margin, & Spot trading, as well as borrow / lend pools on Ethereum.

DYdX is a decentralized exchange for trading of crypto assets. DYdX was founded by Antonio Juliano who is an ex-Coinbase, ex-Uber engineer with a Princeton CS background. DYdX team has previous experience at Google, Bloomberg, Amazon, NerdWallet, Lyft, Facebook and other companies. dYdX offers up to 10x leverage and runs on smart contracts on the Ethereum blockchain.

It's a part of dYdX Foundation - an independent not-for-profit foundation headquartered in Zug, Switzerland. By fostering decentralized governance and empowering traders with powerful, transparent and open cryptofinancial products, the dydX Foundation will help push the dYdX Layer 2 protocol forwards towards community-led growth, development and self-sustainability.

Backers

DYdX has raised a total of 87 million USD in funding over 4 rounds from a16z, Polychain, Finlink Capital, Paradigm, Kronos Research and other venture founds.

Timeline

March 9, 2022
Public beta period starts. The public beta period allows loyal traders to experience a best-in-class interface before the general release. This is one of the first apps. to be natively released by a DeFi protocol.
March 8, 2022
ENJ (ENG-USD) perpetual contract market starts to work. Eligible traders outside of the United stated can trade $ENJ with up to 10x leverage, cross margining,and zero gaz fees
February 2022
dYdX launches new Layer 2 protocol for cross-margined perpetual contracts using StarkWare's StarkEx scalability engine.
September 8, 2021
dYdX airdrop
June 15, 2021
dYdX raises a $65,000,000 series C round from Abstract Ventures, Andreessen Horowitz, CMS Holdings, CMT Digital, Delphi Digital, Electric Capital, Finlink capital, HashKey Capital, Kronos Research, MGNR, Paradigm, Polychain Capital, QCP Capital, Three Arrows Capital and Wintermute.
February 2021
dYdX launches new Layer 2 protocol for cross-margined perpetual contracts using StarkWare's StarkEx scalability engine.
January 26, 2021
dYdX Closes $10M Series B Investment
January 21, 2021
dYdX raises a $10,000,000 series B round from Defiance Capital, GSR, Hashed, RockTree Capital, Scalar Capital, The Spartan Group and Three Arrows Capital.
October 2018
dYdX secures $65,000,000 in a Series C round led by Paradigm with participation from QCP Capital, CMS Holdings, CMT Digital, Finlink Capital, Sixtant, Menai Financial Group, MGNR, Kronos Research, Electric Capital, Delphi Digital; and StarkWare.
October 2018
dYdX raises a $10,000,000 series A round from 1confirmation, Abstract Ventures and a16z crypto.

Funding Rounds

Products

Patents

Further Resources

Title
Author
Link
Type
Date

AlgoTrader Provides DEX Access Through dYdX Partnership

Web

AMA with Bitlink - Market Making on dYdX

Web

June 4, 2021

AMA with dYdX & StarkWare - Scaling Perpetual Trading with Layer 2

Web

March 9, 2021

AMA with Kronos / Wootrade - Market Making on dYdX

Web

June 23, 2021

AMA with Sixtant - Market Making on dYdX

Web

May 14, 2021

...

News

Title
Author
Date
Publisher
Description
Omar Faridi
August 16, 2021
Crowdfund Insider
Anchorage Digital announced recently that it added custody support for dYdX, a decentralized margin trading platform.
Ryan Weeks
June 15, 2021
The Block
Antonio Juliano says dYdX is betting that "decentralized exchanges will be really big" -- and so will decentralized derivatives trading.
Ryan Weeks
June 15, 2021
The Block
dYdX, the decentralized derivatives exchange, has secured $65 million in a Series C raise led by Paradigm.
Mika Honkasalo
May 7, 2021
The Block
dYdX is one of the longest standing "blue chip" DeFi projects. The protocol first raised a $2 million seed round in December 2017 led by Andreessen
AlleyWatch
January 30, 2021
AlleyWatch
The Pulse of New York Tech
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References

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