Latest News

-Unlocking Trading Rewards & 6 Month Incentive Program

The decentralized trading platform dYdX Chain has achieved a significant milestone, transitioning from its ‘Beta Stage' to ‘Full Trading' as of Nov. 28. The initiation on the dYdX Chain was activated following a dYdX governance vote, showcasing the platform's focus on decentralized decision-making and community-driven development.

With approximately 50,000 DYDX available daily, traders have ample opportunities to capitalize on the dynamic dYdX Chain rewards system offered by the dYdX Chain. Coincu News

The dYdX Chain, now operating on the Cosmos-based Layer 1 platform, has recently taken a significant step forward by initiating trading rewards for validators and stakers. This development comes after the full trading launch of the decentralized derivatives trading protocol.

The dYdX platform, renowned for its outstanding focus on decentralized derivatives, has taken a significant step with its move towards full trading on its own chain, dYDX. This change is the result of community support to move from the beta phase to what is known as Full Trading.

dYdX has enabled trading rewards for validators and stakers following the launch of full trading on the derivatives protocol.

The dYdX community recently supported a motion to advance trading on the dYDX chain (DYDX) from the beta stage to Full Trading.

DYDX, a prominent cryptocurrency, is gearing up for the unlocking of 150 million tokens, valued at a staggering $500 million, scheduled for December 1st. This substantial unlocking of tokens has raised concerns about the significant price drop in token.

The dYdX team is about to unlock 30% of DYDX supply to investors on the dYdX chain, causing the price of the token to fall as much as 7%.

Plus, a breakdown of every other token unlock and airdrop you need to know about for the month of December.

This week, the cryptocurrency market faced substantial turbulence, driven by Binance's legal challenges. With a hefty $4 billion settlement and the resignation of CEO Changpeng Zhao amid accusations of violating U.S. anti-money laundering laws, the industry witnessed significant disruptions.

The cryptocurrency market has experienced significant volatility this week, largely influenced by Binance's recent legal turmoil. The saga includes a massive $4 billion settlement and the consequential resignation of CEO Changpeng Zhao, following charges of violating U.S. anti-money laundering laws.

Prominent cryptocurrency critic Adam Cochran has raised concerns over decentralized protocol dYdX's risk management practices following a recent security breach that resulted in a $9 million loss of insurance funds.

dYdX founder Antonio Juliano said they're working to find the original culprit behind the exploit, and they'd rather pay community members who help in the investigation than the exploiter.

The announcement was made after a multimillion-dollar trade had to be compensated by the platform's insurance fund.

An Ethereum-based (ETH) decentralized exchange (DEX) has suffered millions of dollars in losses after an alleged market manipulation attempt by a rogue user.

The substantial blow to the dYdX V3 insurance fund, constituting approximately 40% of its total value, resulted from liquidations in the Yearn Finance market.

dYdX, a decentralized exchange with $1 billion in daily trading volumes, is reporting an attacker to the FBI.

Around $9 million in dYdX v3's insurance fund, roughly 40% of its total v3 funds, was used to process liquidations after an organized attack this weekend.

Decentralized cryptocurrency exchange dYdX has introduced new measures to reduce trading risks after burning $9 million of its insurance fund on Nov. 17 to cover users' losses.

Decentralized exchange dYdX has been compelled to utilize its insurance fund to cover losses amounting to $9 million caused.

In a decisive move to bolster its trading platform's stability and security, decentralized crypto exchange dYdX has implemented significant changes in its trading policies. This strategic shift comes in the wake of the exchange deploying $9 million from its insurance fund to offset users' losses incurred on November 17th.

The decentralized exchange increased margin requirements on several markets on Nov. 18, after an alleged targeted attack on the YFI token triggered massive liquidations.

dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.