What is dYdX (DYDX)?
dYdX is a decentralized exchange (DEX) that uses smart contracts to offer perpetual trading, margin trading, & spot trading. Lending & borrowing is also supported on the platform.
dYdX Token (DYDX) – The dYdX ecosystem is powered by its governance token DYDX. The DYDX token is used for rewards, staking and protocol governance.
Exchange Trading – The dYdX exchange provides users with 3 trade offerings (perpetual, margin, & spot), with cross-margining across perpetual accounts.
Perpetuals on Layer 2 – dYdX partnered with StarkWare to provide a Layer 2 scaling solution for perpetual contracts. Provides up to 25x leverage on synthetic assets.
Spot / Margin Trading – As one of the most liquid and highest volume DEXs, dYdX exchange offers Layer 1 margin trading & spot trading with up to 5x initial leverage.
Lending / Borrowing – Lending and borrowing is also supported on dYdX. Deposit funds to start lending to the protocol, or borrow supported assets directly to your wallet.
WEBSITE: https://dydx.exchange/
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