Welcome to dYdX!
Below are some resources to help you learn more and get started on dYdX. Please feel free to reach out to the team with any questions!
https://twitter.com/dydxprotocol
https://medium.com/dydxderivatives
What is dYdX? (https://dydx.exchange/)
dYdX is a decentralized trading platform for margin trading, lending, and borrowing. dYdX runs on smart contracts on the Ethereum blockchain, and allows users to trade with no intermediaries.
dYdX Features
Margin trading - https://trade.dydx.exchange/
- Currently one of the highest volume and most liquid DEXs.
- Isolated margin trading up to 4x long and 3x short and cross margin trading
- Ability to trade from your Ethereum Wallet or from your dYdX Account
- Pairs offered: ETH-DAI, ETH-USDC, and DAI-USDC. More pairs coming soon!
Borrowing - https://trade.dydx.exchange/account
- Currently support ETH, DAI and USDC
- Minimum starting account collateralization of 125%, which must be maintained above 115% to prevent liquidation
- Borrow directly to your wallet
Lending - https://trade.dydx.exchange/account
- Currently support ETH, DAI and USDC
- No waiting period for matching
- No minimum loan period
- Interest starts accruing immediately, and continuously every block
- Rates are dynamic, and based on utilization
Short-medium term roadmap (subject to change)
- Adding Limit Orders and additional infrastructure for market-makers
- Adding additional assets
- Adding Stop-Loss Orders
Resources
- For additional explainers see our help pages - help.dydx.exchange
- For developer resources - docs.dydx.exchange
- High level dYdX usage - trade.dydx.exchange/markets
- Rates data - loanlist.io/asset/dai and defirates.info
- Protocol explorer - scout.cool/dydxprotocol/mainnet
Tutorials
- Lending on dYdX for those new to Ethereum - Medium Article
- Borrowing on dYdX - Medium Article