DYDX
Name
DYDX
Summary
dYdX is a decentralized layer-2 exchange that allows for permanent, margin, and spot trading, as well as lending and borrowing.
-It was founded by Antonio Juliano
-It is built on ethereum blockchain with Starkwire’s StarkEx as scalability engine
Rating
Symbol
DYDX
Overview
The governance token for the layer 2 protocol of the non-custodial decentralised cryptocurrency exchange DYDX (dYdX) is DYDX (dYdX). It facilitates layer 2 operation and allows traders, liquidity providers, and partners to participate in the community's defining of the protocol's future.
Token holders are given the ability to propose improvements to layer 2 of the dYdX, as well as the chance to profit from token staking and trading fee savings.
dYdX is an open-source platform featuring smart contract capability for lending, borrowing, and trading crypto assets. Although dYdX allows spot trading, it is primarily focused on derivatives and leverage trading.
Historical Price Movement (in INR)
Technology
DYDX is an ERC-20 token based on ethereum mainnet. The layer 2 scaling solution from dYdX is based on Starkwire's ZK-STARKS technology and verifies transaction proofs using the Ethereum blockchain.
Since, its an ERC-20 token, it supports Solidity as its programming language.
Community
50%
Past Investors
27.73%
Founders and Employees
15.27%
Future employees and consultants
7%
Volume (23rd April 2022)
$109,600,929
Total Supply
1000000000
Circulating supply
65,569,295.00 DYDX
Crowd Sales
dYdX has raised a total of $87M in funding over 4 rounds
Funding
15-06-2021: Series C- $65M
26-01-2021: Series B- $10M
19-10-2018: Series A- $10M
19-12-2017:Seed Round-$2M
Country
USA
Name of Organization
dYdX Trading Inc.
Year Incorporated
2017
Registered Address
201 FOLSOM ST. APT. 14D SAN FRANCISCO CA 94105
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Antonio Juliano | Founder | Princeton University: BSE, Computer Science | 7 Yrs |
Whitepaper 
