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

Tutorials

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