• Index
  • Resources
  • NewNewest
  • +Submit
  • Dashboard Coming Soon
    • Submit New...
    • Index
    • Resource
    +
  • Interchain info © 2023

  • All
  • Index
  • Resources
dYdX
dYdX

dYdX

DeFiDEXs

The dYdX Chain: A Shift Towards Decentralization

The dYdX Chain, a fully open-source and audited protocol, is the latest innovation from dYdX, reflecting the platform’s commitment to improved user experience and decentralization.

The dYdX Chain Explained

dYdX’s New Direction:

Opting for a standalone app-chain, dYdX aims to merge decentralization with efficient transaction speeds. By moving in this direction, the platform claims to accommodate up to 2,000 transactions per second. The decision to decentralize the entire protocol, including the order book, allows dYdX a level of customizability over its technological framework.

The Rationale Behind the App-Chain

Historically, dYdX has showcased a tendency to embrace transformative strategies, such as adopting Layer 2s prior to their widespread popularity. The standalone app-chain is seen as an extension of this strategy, anchored in beliefs of decentralization and user experience.

Future Prospects for the dYdX Chain

With the software now public, attention turns to its adoption by the DeFi community. dYdX Trading has signaled its intention to maintain an open-source approach and actively engage within the dYdX community, hinting at potential product developments in the upcoming months.

Antonio’s Perspective on the Chain’s Release

Antonio views the dYdX Chain’s introduction as a notable development for dYdX and the broader DeFi sector. With the platform reportedly processing up to $1 Billion in daily crypto derivatives trades, its significance within the DeFi space is evident. This new chain indicates a move towards a fully decentralized platform with an emphasis on user-driven control.

dYdX’s Vision with v4 Software

dYdX’s Core Mission:
dYdX’s overarching goal remains consistent: to democratize access to financial opportunities. The current global economic climate has highlighted the value of transparent and unrestricted financial products.

The Introduction of v4:
The forthcoming v4 software from dYdX is expected to align with these aims, aiming to address modern financial challenges without unnecessary complexity.

In Conclusion

dYdX’s unveiling of the dYdX Chain marks a calculated move towards decentralization and efficiency. With the anticipated rollout of the v4 software, the platform appears poised to address evolving financial needs in a rapidly changing economy.

CONTENTS

  • The dYdX Chain: A Shift Towards Decentralization
  • The dYdX Chain Explained
  • The Rationale Behind the App-Chain
  • Future Prospects for the dYdX Chain
  • Antonio’s Perspective on the Chain’s Release
  • dYdX’s Vision with v4 Software
  • In Conclusion

Interchain Info

Support ICI

Donate
Send feedback
Stake with us

Social

Twitter
Discord
Telegram

Links

Terms of Service
Privacy Policy
Documentation

Spark Family

Spark IBC
Airdrops
Validation services

Interchain info © 2023

Related DeFi Indexes

  • FortyTwo

    FortyTwo
    Featured
    Verified

    Simplifying the Interchain ecosystem with user-friendly crypto asset management.

    DEXs
  • Mint Cash

    Mint Cash
    Featured
    Verified

    Mint Cash stabilizes digital currency value using Bitcoin-backed swaps, supporting multiple currencies and smart contracts.

    Stablecoins
  • Kinetix Finance

    Kinetix Finance
    Featured
    Verified

    The first decentralized Perps on Kava Building a Kava-native DeFi Hub

    DEXs
  • Blast

    Blast
    Featured
    Verified

    Ethereum L2 solution Blast provides native yield for ETH and stablecoins, enhancing asset value and developer involvement.

    Ecosystems
  • LinkPool | Stake.Link

    LinkPool | Stake.Link
    Featured
    Verified

    LinkPool evolves from LPL to SDL tokens in Stake.Link, focusing on liquid staking, governance, and Chainlink network support.

    DeFi
  • Zephyr Protocol

    Zephyr Protocol
    Featured
    Verified

    Zephyr Protocol: A stablecoin platform blending Djed’s overcollateralization with Monero’s privacy, offering stability and confidentiality.

    Stablecoins

Resources

  • dYdX: Embracing the Future of Decentralized Trading

    dYdX: Embracing the Future of Decentralized Trading

    dYdX kicks off full trading, elevates DeFi with immediate rewards and major incentives.

    Nov 29 · 2 min read
  • COSMOS NEWS: DYDX V4 BETA PHASE, ATOM, CELESTIA TIA, OSMO & MORE!!

    COSMOS NEWS: DYDX V4 BETA PHASE, ATOM, CELESTIA TIA, OSMO & MORE!!

    Welcome to the Cosmos ecosystem news roundup, here are the top stories in Cosmos in the 1st half of November

    Nov 22 · video