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In a significant shift for the world of decentralized exchanges, dYdX Trading, the creator of one of the largest platforms of its kind, is making waves by transforming into a Public Benefit Corporation. This transformative move signifies a commitment to the community and open-source principles, as the company pledges to forgo trading fee revenue from its forthcoming v4 platform.
dYdX Trading Inc. has updated its charter to become a Public Benefit Corporation on 17 October 2023, as announced by its founder, Antonio. This move aims at aligning the company more closely with the web3 community, promoting global economic and technological advancement through open-source and decentralized crypto asset exchanges.
Decentralized exchange dYdX Trading announces its transformation into a public benefit corporation, emphasizing community alignment by waiving trading fee revenues for its upcoming v4 platform.
dYdX will not earn trading fee revenue from its upcoming v4 platform as it has moved to become a public benefit corporation.
Here's a statistic that tends to be overlooked, according to dYdX founder Antonio Julio: Derivatives currently make up around 75% of all trading volume in the crypto market.
dYdX, a leading decentralized exchange platform, has cleared a comprehensive security audit by Informal Systems. The news was shared on the official dYdX Twitter account and reposted by founder Antonio, reinforcing the platform's commitment to user security and fund safety.
SUI and DYDX will unlock a substantial amount of their total supplies on 3 October 2023, which can cause their prices to drop in the near term
The dYdX token price drifted upwards on Monday as cryptocurrency prices like Bitcoin, Bitcoin SV, ThorChain, and eCash soared. The token also rose as the Cosmoverse event kicked off on Monday. It rose to a high of $2.06, higher than last week's low of $1.85.
Chaos Labs proposes a $20M, 6-month Launch Incentives Program for the transition to dYdX v4. The initiative aims to facilitate user and volume migration to the new dYdX Chain, with a robust pre-launch and post-launch strategy.
In the bustling landscape of decentralized finance (DeFi), where innovation is constant and competition is fierce, one platform stands out as an unsung hero of decentralized derivatives trading: dYdX. While centralized exchanges often steal the spotlight, dYdX has quietly carved a niche for itself by focusing on professional traders and staying true to its core offerings.
Axelar's Galen Moore provides a front-row seat to changes afoot at dYdX as the popular decentralized trading platform builds on Cosmos.
DYdX has integrated with Axelar's cross-chain infrastructure for enhanced onboarding to its version 4 that includes an appchain model.
In an exclusive interview, Antonio Juliano, founder of dYdX (and a former Coinbase software engineer), discusses his project's move to build a new layer-1 blockchain using Cosmos technology.
Antonio Juliano, founder of dYdX, predicts DeFi derivatives will grow 100x in the next few years, accounting for 2% of crypto derivative volume. This optimistic projection highlights the potential for investors and traders.
In a recent development, the dYdX community has been shaken by the emergence of a suspicious Snapshot, which appears to have been created with malicious intent. The Snapshot in question was designed to "skip testnet round 3 and go live with BETA v4.
dYdX is gearing up to introduce decentralized order books within its exchange. dYdX Foundation's vice president of strategy David Gogel discusses the move, along with a new report outlining the future of the dYdX ecosystem.
The dYdX Foundation, the non-profit organization overseeing the decentralized cryptocurrency exchange dYdX, has released its semi-annual report, which details the ecosystem's incredible growth and achievements in 2023.
Decentralized exchange dYdX founder Antonio has clarified that there are no plans for additional token inflation to compensate validators on the dYdX Chain. The current token distribution model, which has reduced inflation by over 60%, will continue to be implemented.
dYdX has experienced a $1.5 trillion trading volume in six months, with 2 million new users and 80% of trades on Layer 2. The platform has implemented 20 governance proposals and distributed $500 million in staking rewards.
The foundation fostered the development of the dYdX protocol and grew the dYdX community in preparation for the release of the dYdX Chain.
The dYdX Foundation has unveiled its 2023 Semi-Annual Ecosystem Report, offering a comprehensive overview of the achievements within the dYdX ecosystem. The report details the substantial progress witnessed throughout 2023 amid rather challenging market conditions.
The decentralized financial world thrives on transparency, adaptability, and the fearless challenge of established norms. And guess who's been at the epicenter of this financial maelstrom in 2023?
The dYdX Foundation has announced the publication of the dYdX 2023 Semi-Annual Ecosystem Report, which details the accomplishments made throughout the dYdX ecosystem.
dYdX' move to establish a "purely decentralized" order book reflects an industry-wide quest to further these decentralized ideals.
