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 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-USDC)
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)
- Increasing stability and throughput of our trading services
- Adding additional Perpetual Contract Markets
Resources
- For additional help articles, check out our help center - 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
- Dex Volumes: https://debank.com/insight/dex
Tutorials
- Lending on dYdX for those new to Ethereum - Medium Article
- Borrowing on dYdX - Medium Article