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! 



What is dYdX? (https://dydx.exchange/)

dYdX is a decentralized trading platform that currently supports margin trading, spot trading, lending, and borrowing. dYdX runs on smart contracts on the Ethereum blockchain, and allows users to trade with no intermediaries.

dYdX Features

Trading - https://trade.dydx.exchange/

  • Currently one of the highest volume and most liquid DEXs
  • Spot trading + Margin trading with up to 5x initial leverage (Pairs offered: ETH-DAI, ETH-USDC, and DAI-USDC)
  • Perpetuals trading with up to 10x leverage (Pairs offered: BTC-USD, ETH-USD, and LINK-USD)

Borrowing - https://trade.dydx.exchange/borrow

  • 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/balances

  • Currently support ETH, DAI, and USDC
  • No waiting period for matching
  • No minimum loan period
  • Interest starts accruing immediately, and is paid out every block
  • Rates are dynamic and based on utilization

Short-medium term roadmap (subject to change)

  • We are excited to partner with StarkWare on a Layer 2 scaling solution for Perpetual Contracts, based on the StarkEx scalability engine & our trusted smart contracts - https://integral.dydx.exchange/scaling-with-starkware/
  • Increasing stability and throughput of our trading services
  • Adding additional Perpetual Contract Markets



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