DYDX

iwearahoodie

It would talk longer than my thumbs are comfortable typing to write it out. There’s lots of podcasts and YouTube videos explaining. Start with What is a perpetual swap. What is a funding rate for a perpetual swap. Understand that. Then How does Uniswap work How do smart contracts work How does DYDX work How does Hyperliquid work How do I interact with smart contracts on chain Understand those then Download say, phantom wallet Withdraw some Solana from an exchange into the wallet Find a basic protocol like Kamino Deposit some SOL into Kamino Withdraw some SOL from kamino jnto your wallet. You just used a smart contract on chain. Then Go to DRIFT Deposit some SOL into drift Trade the SOL perp, long or shot. Close the trade. Congrats you just used a perpetual swap smart contract on chain.

MaximumStudent1839

It depends on asset types. Broadly speaking, crypto assets fall into three broad categories. 1) Social tokens, aka tokenized communities. 2) Projects with some cash flow. 3) Short-term “meta” rotation games. The social tokens act like a store of value mechanism for a network of ppl. The premier example is Bitcoin. They act more like commodities, determined by the supply and demand for wanting to use the token as a store of value. Social tokens have the most asymmetric upside and also very high downside. In large part because their instrinsic value is hard to estimate so you have the market often going exuberant about its valuation or over correcting its valuation. In principle, you could estimate its value by finding their hedonistic demand and supply curves + dynamic social network growth rate. But it is very hard to get data for them. This is the guy who coined the term: tokenized communities. https://m.youtube.com/watch?v=BtawbuCFe0U&pp=ygUKV2ViMyBtdXJhZA%3D%3D Point 2 may appear a lot easier to deal with, because you think you can use the DCF model. Unfortunately, it is actually very hard. There are multiple challenges. 1) Information about operational expenses are often not publicly disclosed. 2) They own neither product inventories nor the production line. In this space, projects are only incentivized to report their revenue side but there is no rule to compel them to report their expense side. To get DCF, you need to know their profit margin, not just their revenue margin. Some projects like Aave do have information about expenses. You can use defillama to do that. But again, reporting expenses is the exception not the rule. Most of the time, these projects are just peer to peer services facilitating transactions of social tokens. They don’t own the social tokens in demand. As they don’t own the inventory, they often face stiff competition from new competitors who can provide stronger short-term incentives to steal customers away. It makes it really hard to forecast their future cash flow, because very few have strong moat. The biggest example of fall from grace is how Hyperliquid replaced DYDX. 3) has no value in long enough time frame. Very often those who trade it know they are playing a short term greater fool’s game.

Somebody__Online

You understand that you can supply liquidly to defi money markets to be on the lender side of this activity right. You can access massive leverage on chain from your protocols like GMX, Gains, Derive, DYDX, and many others. It’s not some sort of gate kept activity that only institutional players have access to. You can make a killing farming funding fees, supplying counterpart collateral to leverage products, and generally acting as a market maker yourself. The market is volatile because there is no guardrails or circuit breakers and anyone can participate in any capacity. That means teenagers can launch new assets and scammers can fund liquidity pools for wash volume without special permissions. The volatility is a function of a free market, especially one who’s assets are mostly speculative

iCryptToo

I’ll never use a market order ever again or the mobile version on anything ever again lol…that’s for sure. I’ll also never use cross margin ever again. No exchange really tells you what’s in their liq pools…it’s a dirty secret, they want you to trade with them so they just lie/don’t tell you lol. I did/do check the order book tbh…Unfortunately I’m kinda forced to use a DEX and DYDX has the largest liq pool out of all of them…so I just kinda get fucked in that regard. I learned from this for sure, I appreciate your tips.

iCryptToo

It was 0.08x leverage…virtually none. You have to trade on margin on DYDX ; isolated or cross. I made the mistake of trading on cross. I believe they filled me at a 35k short because that’s all they had on hand. They didn’t warn me about the lack of liquidity as they always did and let me place the trade like any other…

Correct-Marketing961

I get what you’re saying, but that’s exactly why you need to be extra careful on a platform like DYDX. If you can’t see liquidity and you’re trading low-liquidity tokens, you’re basically flying blind unless you take the right precautions. Here’s what you should be doing instead: 1. Stop using market orders – If you’re trading on an exchange that doesn’t show liquidity clearly, using market orders is a gamble. Use limit orders so you’re in control of the price you’re getting filled at. 2. Check the order book – Even if you can’t see total liquidity, you can at least see how deep the order book is. If it’s thin, that’s already a red flag. If there’s barely any spread, you’re asking for slippage. 3. Trade at the right time – Low liquidity is even worse during off-hours. Stick to peak trading times when volume is higher. 4. Find a better exchange – If DYDX isn’t giving you the transparency you need, go somewhere that does. Binance has way deeper liquidity and is better for executing clean trades. Kraken is another solid option if you want more control over your orders with less slippage risk. Bottom line is, if you’re trading in the dark, you either adapt or take the L. This is one of those situations where the exchange isn’t doing you any favors, but at the end of the day, it’s on you to make sure you’re not setting yourself up for failure. Move smarter next time.

Correct-Marketing961

Nah you’re just coping at this point. The mistake wasn’t just being in cross margin mode. The mistake was placing a blind market order on a platform without verifying liquidity or potential slippage. You keep acting like DYDX was supposed to personally tell you every possible risk in real time instead of you doing your own due diligence. If their liquidity isn’t public info then that’s even more reason to be extra cautious instead of blindly trusting the system. You gambled on a market order and got burned. That is on you. The fact that you think “this could happen to anyone” is exactly why it happened to you. A real trader knows how to avoid these situations. You didn’t. That is the difference.

Correct-Marketing961

If DYDX themselves don’t know what happened, that just proves my point. You put full trust in an automated system without verifying your execution, and it backfired. That’s not some grand injustice, that’s just a risk of trading on a platform that clearly isn’t flawless. And yeah, people are saying it’s messed up, because it is. But the difference is whether you treat it as a learning experience or just sit here acting like a victim. You placed a market order in a low liquidity market without checking anything. That’s an execution error. The fact that the system let it happen sucks, but it still falls on you to make sure you’re not exposing yourself to risks like that. If a trader places an order for $100 and it gets filled for $20,000, it’s their fault for not having safeguards in place. That’s why pros use limit orders, check order books, and verify liquidity before trading. This wouldn’t happen to the best trader in the universe because they wouldn’t be making the same mistake you did.

iCryptToo

DYDX themselves are saying “we’re not sure what happened we’re going to escalate your case.” Everyone here is saying “this is fucked up damn.” This could literally happen to the best trader in the universe pretty easily. If you place an order for $100 and the system fills in that order for literally $20,000…how is that your fault even remotely?

Correct-Marketing961

So because DYDX is “well known and respected,” that automatically means they can’t have bad design or flaws? Come on. That’s like saying a major bank can’t have a system glitch just because it’s reputable. And yeah, they usually warn about liquidity and slippage, but the fact that they didn’t this time should’ve been a red flag to you, not a reason to blindly press market order. That’s on you for assuming everything was fine instead of verifying first. Markets are brutal, and exchanges—no matter how big—aren’t perfect. As for “it could happen to anyone,” sure, but it didn’t. It happened to you. And instead of adapting and taking responsibility for your execution, you’re here blaming the exchange for not holding your hand. If you’re gonna be in this game, move smarter instead of crying about what “should” have happened. And just because my POV is in the minority doesn’t make it wrong. It just means most people don’t want to admit when their own mistakes cost them money.

iCryptToo

Brother…DYDX is well known and respected. They’ve always warned everyone about liq and slip, this time they didn’t. It could literally happen to anyone, look at the responses here…there’s a reason your pov in the minority.

Correct-Marketing961

Bruh, you’re acting like DYDX personally scammed you when in reality, you walked into this mess blind. It doesn’t matter if it’s the “biggest DEX in the world” bad design is bad design. You literally admitted they’ve warned you about low liquidity in the past, but this time they didn’t, and you just assumed everything was fine? That’s not how trading works. You verify, then execute. Also, leverage is leverage. Whether it’s 0.08x or 5x, you still put yourself in a position where market conditions dictate your execution, and you didn’t even stop to think if slippage was a risk. “Virtually none” isn’t “none.” It still impacts how your order gets filled. Your whole argument boils down to “The exchange should’ve warned me, so it’s not my fault.” Nah. The market doesn’t care about what should happen; it only cares about what does happen. Your job as a trader is to know these risks ahead of time, especially on a mobile platform with less control. And yeah, if an exchange straight up lied about reserves, that’s a different story. But this wasn’t a case of them saying, “We have liquidity” they just didn’t babysit you with a popup this time. If you need the platform to hold your hand before you press buy, maybe rethink how you’re trading. At least you learned something mobile trading and blind market orders in sketchy conditions = bad idea. Now apply that lesson and move smarter.

iCryptToo

1. DYDX isn’t considered sketchy, it’s the biggest DEX in the world. 2. I virtually wasn’t using leverage…you’re hearing the term “leverage” and assuming I’m using like 5x lol… it was literally 0.08x leverage…virtually none. 3. The only way I can be aware that the exchange doesn’t have enough of the token to trade in their possession is if they tell me they don’t have enough….They didn’t tell me that…by not giving me a liq warning they basically are saying “yes we have enough MKR on hand for you to trade with”….it seems like they didn’t. 4. I’ll never trade on mobile again lol… 5. They didn’t warn me about slippage…that’s the entire issue here. This could literally happen to a master trader in my position. 6. “I get that they didn’t warn you about their lack of liquidity but that’s on you.” It absolutely isn’t on me lol…if I run an exchange and tell you “yes I have 500 BTC in reserve” and I don’t…that’s not on you lol. 7. “Find another exchange that isn’t designed like shit”. This is fair enough and one the points of the post, sure.

iCryptToo

1. On DYDX you don’t have the option, if you want to place an order it’s either isolated or cross margin. It was a $500 order. 2. I believe there was simply no liquidity in the market and they didn’t warn me.

iCryptToo

Would a low liq market turn a request for a $500 order into a $35k order? As in ; “This is the only thing we have for sale”? Is that how it works on DYDX frequently? That’s totally fine and I’ve gotten that warning plenty of times but…I got no warning at all this time.

iCryptToo

Is it well known DYDX fucks people? This is fkn crazy.

iCryptToo

It would’ve helped but either way ; how does a $500 get filled for $33k? I was on mobile and the system went haywire I think. I would recommend staying away from using DYDX on mobile and only use limit orders, never use market orders or the system can possible just fuck you.

MaximumStudent1839

> What happened to building tech that could *change the world*? When will all face the music the game has changed? It has long stopped changing the world to making mediocre devs and VCs rich from dumping on TGE. Go look at Web 2 giants, like Nvidia, Amazon, Google, etc. Tell me which founder of these companies got rich from building a product with no product market fit? > actual use cases, long-term growth, and projects that *matter* That is the dream we all have. But when you look at the numbers seriously, there is too much window dressing to make things look good. For example, many DeFi folks come here and tell you to buy their tokens because their protocols are making "revenue." This sounds all nice until you start digging into the amount of token emission protocols you must pay to acquire resources to make revenue. Let us look at a more specific example. Take DYDX, the former top perp trading DEX. [https://defillama.com/protocol/dydx](https://defillama.com/protocol/dydx) According to DeFi Llama, it makes $19.31M in annualized revenue. Sounds great huh? Until you realize, it is paying out 1.5M of its token every month to reimburse traders. At its former price of $1.5, that is paying $27M in expenses just to reimburse traders per year. That does not even account for their team's expenses and all other VC unlocks. A lot of these supposed revenue generating protocols are actually making net loss.

MaximumStudent1839

It is tricky to calculate “earnings” because most of the time the teams don’t report expenses properly. Some do, like Aave. But when they do, they still trade at high multiples compared to tech companies. You can’t really compare DeFi to layer 1s. Layer 1 token is upstream and DeFi is down stream. DeFi revenue are extremely correlated to L1 tokens’ value. So you can’t really make a sound argument until DeFi can completely detach its revenue source from token speculation. Otherwise, you end up in an ouroboros bind. Yes, there are new DeFi stuff like Hyperliquid looking appealing on paper. But the story from DYDX makes you think twice on betting perp DEXs as they don’t seem to keep their customers after one cycle.

wuzidru

NFA – My portfolio is diversified according to a specific percentage structure, which I will not disclose. However, here’s what I’ve been accumulating over the past 12–24 months and intend to carry into 2025: L2s: $ARB, $STRK, $ZK and $OP New L1s: $SUI and $APT DeFi: $DYDX & $GMX PS: + some allocations into $ZRO and Wormhole $W

-Resident-One-

For me it's been FTM, CRV, GALA, DYDX, SNX

nscar

Thinking PONKE, VRA, DYDX, FLOKI

advias

Get crypto on exchange (reputable one, don't trust ones that you can't verify are legit, and spend time figuring this out on your own, don't ask randoms in your DMs). Take crypto, send to your wallet, then you can trade on centralized/decentralized exchanges like DYDX or just use any DEX manually, etc. Don't take my word for it but DYOR on which one you choose

TheDiscoJellyfish

This may take a couple lines. Each coin or token has their own realistic usecase. Lets first clear up what these words mean. Coins are a currency in a network that help run a network. In Bitcoin, the native coin is Bitcoin. The block reward gets paid in Bitcoin and transaction fees are being paid in Bitcoin. In Ethereum its Ethereum and in Monero its Monero. Some networks support smart contracs which allow the minting of tokens like USDC on the Ethereum Network. USDC is not a coin but a token. When you send USDC to someone else in the ETH network, you pay transaction fees in ETH but the recipient recieves USDC. Minting is the process of emitting new money under whatever circumstances. Ethereum is not just a currency. It can be used as such but its main purpose is helping run the smart contracts on the Ethereum networks, which allow to run code without being governable. This is why decentralized exchanges can exist, you can even get a credit on the Ethereum Blockchain and insurance is technically also possible. You could tokenize property to declare who has the right of ownership and many many more things. Monero has another use case. Monero aims to be an incredibly good currency for everyone. It achieves this, by giving everyone perfect privacy, perfectly fungible tokens, which are also untracable and untrackable, which is what makes them fungible in the first place. With a consistent tail emission and semi-variable block sizes Monero can maintain cheap transaction fees without the blockchain growing to quickly, because it also supports pruning, which allows you to not store the full copy of the blockchain but no need to trust any other node anyway. The tail emission also brings a lot of stability into its price because with every emission the next emission becomes less significant and so on, making the system neither inflationary, nor deflationary because burnt coins will get restored over time and new coins will become more and more insignificant, which is a great basis for a currency to exchange goods with. Bitcoin is the first of its kind. It has a fixed supply, which means that its deflationary, because burnt coins will never be restored. Bitcoin behaves exactly like gold but cannot really be tampered with. Economists estimate that we trade about 25 times as much gold as there is gold in existance on earth. With Bitcoin or any other crypto currency, such a bubble is impossible to build up. Bitcoins deflationary nature makes it a great asset to just hodl onto for basically forever because all losses are always only short term and will be rewon at some point especially as governments all over the world are getting even deeper into this investment as time goes on. You can protect your money being printed into worthlessness and take control away from central banks who would like to force you to spend more using slight inflation (lets not start a discussion wether inflation can be helpful or not here, okay?). As for other coins and tokens, you must do your research wether you want to get into them deeper or not. Avoid becoming a Bitcoin or Monero or Solana Maxi or whatever other Maxi. Maximalism isnt very well thought out. There is not the one perfect network. I really love Monero for all of its incredibly features, but if I want to use smart contracts, I must use Ethereum or even Solana. If I want smart contracts to execute cheaply, I must use Solana or an Ethereum Layer 2, which is a whole other Rabbit hole under the smart contract rabbit hole. If you see crypto only as an asset class, you are underestimating its power. Crypto with all of the wide features avaliable through and across the networks you can jump in between using atomic swaps for example to avoid centralized exchanges allows you to do a lot of different things to your portfolio. With good opsec, you can run dark net market places using Monero or avoid being traced if you are a journalist, who relies on donations like Julian Assange used to with his platform WikiLeaks or you could evade taxes because the ETH adress you are earning all these millions on cannot be traced back to any human being, etc. etc. - You can trade in self custody without a broker on decentralized exchanges like KyberSwap or DYDX, which even allow you using strong leverage without ever touching an ID-document because the whole thing isnt run by anyone but code, that cannot be changed running directly on the blockchain, etc. etc. You are about to go down a very deep anarcho capitalistic rabbit hole. This anarchy is not a vision of the future or whatever. It is going on RIGHT NOW. Any sort of FOMO is appropriate. Watch out to only ever take as much risk as you can handle! (Disclaimer: All of this is not financial advice - proceed at your own risk! Learn technical stuff about crypto and computers - (hopefully) nobody said it was ezpz.)

wobble_dobble

$HYPE Reasons: 1) it currently is valued (quite ridiculously) and on the basis of historical volume that was mostly there because of people knowing an airdrop was coming. 2) it is supposedly an L1 but its centralized 3) they have 38.88% of tokens (more than currently in circulation) set aside for "ecosystem incentives" meaning if you trade or build you'll get tokens (which you will dump on the market). $DYDX went from $25 to $1 with that strategy.

coinfeeds-bot

tldr; Crypto exchange Kraken is expanding its listing roadmap by adding 19 altcoins, including memecoins like Peanut the Squirrel (PNUT), Neiro (NEIRO), and Notcoin (NOT). Kraken also plans to integrate three new blockchains: DYDX, Arweave (AR), and Binance's BNB Chain. The listing process involves extensive analysis, legal review, and a vote by the Kraken Listing Committee. Being on the roadmap doesn't guarantee listing but indicates consideration, emphasizing fairness and integrity in the process. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

AbstractIdeas5

"One area in which CEXs have consistently held the upper hand over DeFi is when it comes to futures trading. This is primarily because trading leveraged futures markets demand low latency and support for advanced order types. It’s the sort of activity that CEXs are ideally suited to host..." This is already a non-issue. gTrade for example utilizes lookbacks to capture the order down to the fraction and does not let latency affect the trade. It remembers your trade and ensures the values you entered are exited your trade are honored regardless of the on chain latency. "CEXs still account for the bulk of all futures volumes, but DeFi options and perps are now much closer in terms of user experience. This is thanks partially to protocols migrating to L2s where fees are lower and throughput is higher, and also due to better design that has made perps platforms such as [GMX](https://gmx.io/) on Arbitrum a viable alternative to CEX trading. The number of markets that perps protocols such as [dYdX](https://dydx.exchange/) can support has also increased significantly, allowing access to hundreds of digital assets. Improved onchain liquidation engines, meanwhile, ensure that positions which become under-collateralized don’t threaten the health of the entire protocol." GMX is not on a layer 2, and DYDX may as well ask for your anal swab to trade. Let's be real. Decentralized still means something to allot of us, and we can't sacrifice half in half out products when on-chain trading exists. Gains has 225+ assets and deep liquidity. If you haven't seen gTrade or given it a try, go check it out. It will certainly surprise people who havent tried on chain perps in more than year. The space is advancing everywhere.

Aerocryptic

You play both sides of the outcome and take advantage from the funding rate. RN you'd bet on Trump's win on Polymarket (spot) and short on DYDX. The strategy is not bulletproof tho as the funding rate is subject to change.

Aerocryptic

I've seen some delta neutral strategies about the US elections on Polymarket + DYDX. Crypto is wild

xdozex

Right now, I guess nobody regulates them - no idea how they handle their tax obligations, but I also don't really care. I connect to the dapp, make trades directly from my wallet, and it just works - and I'm free to trade as much as I want to, as frequently as I want to. There's a bunch of options now, but the platforms I prefer personally are Kwenta, GMX, HyperLiquid, and DYDX. HyperLiquid and DYDX have the better user experiences, but you have to actually deposit tokens into their platform (smart contracts), so there's a little added risk there. GMX and Kwenta let you trade directly from your wallet which reduces the risk, but it also means you have to pay a gas fee for each and every trade you make. A little more expensive, and slower, but both are on L2 so speed isn't too much of an issue and gas fees are cheap. Some of the platforms required a VPN if you're attempting to connect from prohibited countries.. but most people active in non-CeFi crypto usually use vpns by default.

CONSOLE_LOAD_LETTER

Eh, the "low cap altcoins" they chose for the "expert picks" are the 7 projects as follows: API3 DYDX RAD CELR BAT CRV AR It's such a narrow sampling of only a very few specific projects. You could just cherry pick 7 other "low cap alts" that have performed like crazy to show a completely different result.

Aerocryptic

DYDX or GMX can be used worldwide

Aerocryptic

There are some perp dexes like GMX or DYDX if you don’t have access to futures on your centralized exchanges

jekpopulous2

GMX, gTrade, Hyperliquid, DYDX, etc... there are tons of perp DEXs.

pidre

Mmm. Money that goes into DYDX should stay within “crypto land” and never touch a KYC account

99Beers

Used JUP last week, give it a C- rating. Been using Merkle dot Trade on Aptos another (newer) high throughput chain comparable to SOL. 10x better than JUP. Up to 150x leverage. No VPN needed. Still got a couple platforms to try like DYDX.

99Beers

If you are using on-chain apps you can trade perps using as much leverage as you want. DYDX is the most notable and requires VPN for US. They have their own app chain. GMX on Arbitrum and JUP on Solana are just some more examples. I recently tried JUP to leverage trade BTC and ETH, but unfortunately it's a little disappointing with SOL's current network congestion. I found opening a position to be punitively slow by trading standards. In addition, the stop loss/take profit not sticking as price would blow past and the position stayed open. For JUP the price feed was also suffering latency and not working well on the 1M chart. Literally some candles would be 3 minutes long, then a 1 m candle. It was bizarre.

AdamFitri2005

Not true, ORCA, UNI and DYDX were always higher than JIP

Kavub

The daily emissions on DYDX are absurd

TheMaskedBallsack

DYDX. 20% real yield staking apr that you can hold liquid staked on stride. Hasn't pumped yet for god knows what reason.

xdozex

Blue chip: LINK Medium risk: DYDX/GMX Degen: ORDI Crypto Reddit needs to step their game up. Seeing far too many people still banking on DOT to come through for them.

sdmikecfc

I'm confused, if DYDX existed since 2017/18, why does CoinGecko only show data from Nov 2023? I know other tokens have migrated to different chains but they usually have all their price data available.

TheMaskedBallsack

Cosmos homies, DYDX will be available for liquid staking on Stride on monday :)

DPSK7878

I am staking DYDX. Gotten USDC on the DYDX chain. Noob question. Does anyone know how I can convert to USDC (Noble) ?

Levvy90

DYDX token unlock happens in 9hr, it's not a huge unlock, only 0.18 of the circulating supply. Might get a little extra dippy

Levvy90

DYDX really didn't like that dump, pretty much just pumped back to predump in 45min

l-espion

forget ETH , goes for cosmos , fast and super cheap for transaction .... ETH wasnt good enough for DYDX

LongMaybe1010

I feel like Atom chain tokens have more value than the Atom itself. OSMO, TIA, INJ have all greatly outperformed Atom. I also feel like DYDX will be a major player in the next bull run. I do think Atom needs some major overhauls to its tokenomics.

Smiling_Jack_

Mostly Cosmos assets. In order of bag size: OSMO ATOM DYDX TIA INJ KAVA

sarahSstranger

1. Bitcoin = store of value - just like gold - Its a win win EVERY SINGLE TIME. 2. Ethereum and L2s (OP, DYDX, ARB, LRC etc.,) (not sure if these are THE NEXT THING but are out there as next best now for everything decentralised) - just like google/apple in the initial days 3. Doge = currency - just like dollar (but with around just $5Billion added to market cap every year unlike traditional dollar with unlimited minting by printing). This sub doesn’t like doge but theres no other crypto in the entire crypto space that could potentially one day become THE CURRENCY OF THE WORLD. So, yes Buy some Doge, Some L2s and Bitcoin of course. But if you don’t want to diversify and end up like bill gates owing a few billions instead of Trillions due to diversification then put your money in Doge and forget about it for a while. Peace.

Somebody__Online

The exchange is not doing anything other than facilitating the trading of assets. People with a lot of money for sure will used their money to move the markets and create favorable conditions for their derivatives positions. Like how CRV was very heavily shorted in money markets like AAVE while DYDX perp contracts were also massively biased short. People will open short positions and then use their on chain funds to drop the price of those assets to make their shorts print. Then close the short for profit and buy back the assets they dumped on chain to bring the price back up.

jawni

>I see you've devolved your argument into ad hominems, no need to get frustrated over the flaws that I've pointed out. What are you talking about? I don't even have a clue what you're talking about but lets not get distracted. >Regarding the bold. Let's take Cardano for example. Why refuse to acknowledge it even contextually? Consider all of the imminent upgrades, perhaps the industry's largest DAO for one. In what part of the report would this context have been helpful? >I literally just told you. Most of them have a vested interest in Solana. Just look at their disclosures. Of most importance however, is the holdings at the top. I'm not denying that many of them are invested in SOL, I'm denying that SOL's inclusions were unwarranted. You've done nothing to argue against that. >What about a UTXO vs account-based model debate? Maybe if that were a popular enough trend, but at the moment there isn't really much of a debate. Solana's popularity as a monolotithic chain challenging the more modular Ethereum ecosystem is an interesting story, along with the arrival of DA layers like Celestia and the abundance of different scaling options. What is even happening in UTXO that would make anyone think it's challenging the supremacy of account-based models, the same way monolithic chains are challenging Ethereum? >And yet the AUM for SOL is far less than even BCH and LTC. Because they were talking specifically about the performance of the newer funds... it's becoming abundantly obvious that you haven't read the report. "Grayscale’s **newer** trust products beyond GBTC and ETHE seem to be following a hype cycle reminiscent of 2017 or 2020. The LINK product is up about 8x YTD (shares trade at 3x their underlying NAV), and its Solana product is up 4x since its May debut (shares trade at 4x NAV). Their eye-watering premiums might attract similar private investors who aim to " >As opposed to uncharacteristically omitting whole DeFi ecosystems for no reason? They talked about specific cohorts of DeFi devs, obviously they will only talk about the chains with the most emerging protocols. They only mentioned a handful of groups, SOL, DYDX, LINK, Synthetix, and Maker. Not sure who else deserves to be in there, except maybe OP or ARB, everything else is either relatively insignificant with regards to size/impact or aren't notable in any way. >Was it so obvious? Because your next question contradicts that :). Your "point" was no point and so the answer to that was implied. Think of who the target market is for this report. Hopefully that helps you understand. It was very obvious. The point I was alluding to is that is high risk and low reward to try shilling majors. If they were going to try to sneak shilling into the report, why would they pick ETH, BTC, and SOL? Why would they do that in *any* case? It's kind of mind-blowing that you actually think this. Once again, I'll remind you, you're the only one that seems to have this issue. No one else is making these claims, so who is wrong, you, or *everyone else*?

sDollarWorthless2022

Please learn what you’re talking about before spouting nonsense. A quick google search would tell you that the cosmos ecosystem refers to all the tokens being built on top of cosmos’s layer 0 framework such as INJ, RUNE, OSMO, DYDX, AKT, and many more which have done extremely well thus far.

TheMaskedBallsack

If you're in cosmos and havent checked out stride you're missing out. Zero inflation real revenue liquid staking protocol. When DYDX goes live on it this shit is going to be a straight up money printer.

ShotCryptographer523

Next week DYDX and Celestia are launching. This should give it some juice.

coinfeeds-bot

tldr; DYdX Chain will distribute all accumulated fees to network validators and stakers. The fees will be allocated in the USDC stablecoin. The DYDX token will play a vital role in network security and governance. The activation of the dYdX alpha mainnet marks the first phase in transitioning to dYdX version 4 and its new, community-governed Layer 1 blockchain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

reed5point0

The DYDX token is about to start migrating from ETH to COSMOS via a swap tool. [The Devs suggest this will look like very LARGE trades, don't freak out.](https://twitter.com/AntonioMJuliano/status/1717943952358203738)

coinfeeds-bot

tldr; dYdX Trading has released the open-source code for its independent blockchain, dYdX Chain, ahead of its mainnet launch. The upgrade involves a transition from an Ethereum-based blockchain to a Cosmos-based proof-of-stake protocol. The code will be governed by DYDX token holders and will be run by third parties. The existing dYdX exchange will continue to run concurrently with the mainnet launch. The new version of the protocol will not be available to U.S. users. The company has also transitioned to become a Public Benefit Corporation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MaximumStudent1839

The narrative was based on demand remaining constant. But a lot of ETH's demand got wiped out post-merge. 1. ETH DeFi isn't doing well. People are starting to realize a lot of these ETH DeFi "utility" tokens are just useless DAO shitcoins. The most recent example is Uniswap. They turned on transaction fees only to be paid to the lab and left nothing for holders. Also, a lot of successful projects are expanding outside of ETH, examples include DYDX and Maker DAO. Consequently, there is uncertainty about how future fees ETH can recoup back in the future bull run from its DeFi sector. Remember, a lot of these institutional investors looking at a chain's fee revenue can generate to justify its price. This is especially important when it comes to ETH because it is the second-largest market cap. Only dumb retailers want to gamble on an expensive asset with declining revenue potential. 2. ETH's "Web 3" and NFTs are also dead. Many saw it as a gateway to mass adoption. NFT investment funds are rekted from buying at the top. VC money is drying up in the space. In the end, it turned out to be another avenue for outsiders to see "crypto as a scam". You got more negative publicity in the end than adoption. Post-merge ETH rally gave NFT speculators a final exit point, coupled with PEPE exit liquidity. Now the remaining bag holders realize their jpegs won't rally with ETH. In fact, they go down when ETH goes down. They also go down when ETH goes up. The last few speculators have capitulated. And there is no narrative to attract new liquidity. 3. The rise of ETH L2s meant more and more volumes shifting onto L2 from the base layer. If you are forward-looking and accept the new L2 vision, you start to see lower revenue fees getting passed down to the base layer. So you expect ETH stakers to earn less. Also, these L2s are aggressively trying to design their ecosystem to retain TVL/activities rather than to be interoperable. The more they optimize in this direction, the more you can expect fees for ETH stakers to go down. 4. What is alive is gambling and shitcoining on ETH, as always has been. But even gambling sites like Rollbit are letting users bet and get paid in USDT. So their growth isn't enough to replace the dwindling demand for liquid ETH left as a vacuum by others. 5. Some institutions are worried about Lido's growing TVL. Just recently, they crossed a 30% hold of staked ETH. Lido has the ambition to go over 80%. But when it hits above 2/3, it can start to execute MEV attacks on transactions. That means, they regularly front-run your transactions and make you pay higher prices so they can profit. ETH went live in 2015. It has shown only two consecutive cycles of making new ATHs. The last one was fueled by DeFi/NFT/Web3 and it was PoW, with no threat coming from Lido. Now once you start to doubt all these narratives, you may start doubting ETH in the next cycle. BTC's SoV narrative has made it new ATHs for multiple cycles. Though it did struggle last year. But now people have SBF short-selling BTC to blame for last year's bad action. So probably many more people have confidence in BTC. Much of crypto is all BS. It is all about how much confidence people have to buy these narratives with their liquidity.

Somebody__Online

I do that too. I just like to short bad ones on the side. I don’t mean to imply this is my only position. Most of my crypto money is in actual on chain tokens rather than these DYDX perpetual contracts

levelorganisation1

Indeed, for trading one crypto for another without documentation/no kyc, BitCoke is generally regarded as the best choice. Second would be Tradeogre -trustable but low liqudity; you will lose money there. For Futures trading, look into DYDX

_Stealthy

DYDX intensifies, someone looking to get wrecked 🤡

TheRealRel

There are very few good and trustworthy *zero kyc* exchanges, but for trading one crypto for another crypto without documentation, **BitCoke** is generally regarded as the best choice. Great liquidity and no kyc. But they dont accept any fiat unfortunately. For Futures trading, look into DYDX

DearlyOnerous23

There are very few good and trustworthy *zero kyc* exchanges, but for trading one crypto for another crypto without documentation, **BitCoke** is generally regarded as the best choice. Great liquidity and no kyc. But they dont accept any fiat unfortunately. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and just do it, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading onecrypto for another crypto without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and just do it, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading onecrypto for another crypto without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and just do it, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading onecrypto for another crypto without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and just do it, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading onecrypto for another crypto without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and just do it, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading onecrypto for another crypto without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and just do it, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading onecrypto for another crypto without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and **just do it**, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading one crypto for another without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and **just do it**, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading one crypto for another without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and **just do it**, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading one crypto for another without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and **just do it**, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading one crypto for another without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

DearlyOnerous23

You should get over your fear of KYC and **just do it**, if you want access to the best liquidity. There are very few good and trustworthy \*zero kyc\* exchanges, but for trading one crypto for another without documentation, **BitCoke**.com is generally regarded as the best choice. Tradeogre is trustable but low liqudity you will lose money there. For Futures trading, look into DYDX

Crypto_Cat_34_32

No need for a token. Open a leveraged short position on DYDX, Synthetix (Kwenta/Polynomial), or use something like Aave to borrow WBTC against collateral and immediately sell to stablecoin to buy back later at lower price. That said, shorting crypto (especially leveraged) is a great way to get yourself rekt.

hellalosses

DEXs - Uniswap, DYDX, Bisq

SirAlexanderFerguson

Eth and BTC on Cosmos, opens up the possibility of a major dex.. DYDX you say.. rubs chin

spamohh

Some token unlocks to look forward this week: - Oct 3 $SUI unlocks ($17.24m/4.02%) - Oct 3 $DYDX unlocks ($4.36m/1.23%) - Oct 6 $NYM unlocks ($1.41m/2.26%) - Oct 6 $IMX unlocks ($11.06m/1.55%) - Oct 7 $HFT unlocks ($1.13m/1.84%) Stay safe if you hold any of these guys 🫡

Certain_Lifeguard_31

I feel deja vu. Maybe I've asked someone this same question a few weeks ago 🤔. I've been doing this as a crash course while doing regular life stuff and it's kind of blurry in my head. You could have told me they were all altcoins and I would have believed you 😆 Is DYDX different from the others? Those are trading platforms too right?

pizza-chit

CDC is crypto dot com, it’s a Centralized exchange like Kucoin and Binance. DYDX is a popular trading platform

Certain_Lifeguard_31

Great info! Thanks! I will definitely give it strong consideration. You say it is an ETH comparable? I didn't know anything about it but I've decided to not buy more ETH competitors. Given what you've written, I might have to rethink that. What are CDC, Kucoin, and DYDX? Are they like Binance?

pizza-chit

Outside BTC and ETH, I like Cosmos ATOM. It’s fast, cheap, simple, and the software development kit makes it easy for people to create their own sovereign coins. CDC, Binance, and Kucoin used Cosmos to create their coins. DYDX also moved from Ethereum to Cosmos. I genuinely like using the ecosystem and could see a lot more users and developers gravitate to Cosmos. Other than that, I like Moons. Good luck 🍀

elidevious

Top 10 decentralized perp dexes by trading volume over the last 30 days. #dYdX $DYDX - $17.3B #HMX $HMX - $2.16B #Kwenta $KWENTA - $1.84B #Vertex - $1.79B #ApolloX $APX - $1.51B #GMX $GMX - $1.49B #GainsNetwork $GNX - $1.2B #Polynomial - $971M #PerpetualProtocol $PERP - $606M #MUXProtocol $MUX - $596M https://twitter.com/CryptoRank_io/status/1707020686835736905

Successful_Craft3076

Flow, DYDX and also YGG also have token unlock coming this week.

i_reddit_at_reddit

Watch out for some of these big token unlocks this week: OP, DYDX, ILV, FLOW, WOO

bull_bear25

I sat on sidelines and ended up at buying 22K Leaving all good entries for IMX, INJ, DYDX. Those levels never came back

MaximumStudent1839

This is so much ETH drone BS as usual. DYDX is a DEX. ETH L2 still need to use base layer to move liquidity in and out of the L2. The fees are a lot higher and speed are much slower when you need to move liquidity to balance pools and arbitrage. It is not comparable to how fast and cheap IBC communication is.

pibbleberrier

L2 On eth can do this. In fact there are several DYDX competitor on the various eth L2 chain

reed5point0

I see both sides on the Closed Sauce debate. But look at DYDX...just walked in and Open sourced their entire suite..while we spent the better part of a year fighting over sauces. The current biggest dick in the cosmos just showed us how its done. But I also saw CANTO fork Open Source EVMOS and steal its glory for the better part of two weeks and it's UIX was horrible.

SirAlexanderFerguson

DYDX

SirAlexanderFerguson

DYDX is $hit anyway

Visual-Savings6626

You can use DEXs like DYDX for shorting if you want to. Also you may want to hold DEX tokens like DYDX, UNI, etc as they pumped when FTX CRASHED *not financial advice*

coinfeeds-bot

tldr; The dYdX Foundation has released its semi-annual report, highlighting the growth of the dYdX protocol and community in 2023. The report discusses the development of the dYdX Chain, regulatory challenges in the crypto industry, and the role of decentralized finance. The foundation has achieved four out of five milestones, launched a public testnet, and disclosed the potential migration of the DYDX token to the dYdX Chain. The mainnet launch of the dYdX Chain is scheduled for the end of September. The report also mentions the launch of a Decentralized Autonomous Organization (DAO) and the expansion of the dYdX Foundation team. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Shiratori-3

Thought I'd share from an article I spotted the other day: Impending unlocks (and dumps?) Immutable X (IMX) - IMX will unlock 18.08 million tokens on September 9, representing 1.61% of its total supply. Aptos (APT) - On September 12, 4.54 million APTs will be unlocked, representing 1.99% of its total supply. ApeCoin (APE) - APE will unlock 40.60 million tokens on September 17, representing 11.02% of its total supply. DYDX - On September 26, DYDX will unlock 6.52 million tokens, accounting for 3.76% of its total supply. Optimism (OP) -The OP will unlock 24.16 million tokens on September 30, corresponding to 3.37% of its total supply. Source: https://en.bitcoinsistemi.com/7-altcoins-have-massive-token-unlocks-in-september-here-is-the-list-and-days/

Odlavso

not sure if it has anything to do with V4 but did see it's moving to The Cosmos, will have it's own chain and a vote passed a few days ago to make DYDX token the native token on the new chain.

conceiv3d-in-lib3rty

So much more opportunity, imo. Access to more shitcoins. I might follow a smart money wallet and copytrade them for a while, there’s sniping, I use a bot for arbitrage, or I go trade perpetual contracts on DYDX. Lots of opportunities. I’m done messing around with manipulated orderbooks on CEXs.

Successful_Craft3076

Today's top earners JOE +38% MKR +10.5% CYBER +9% DYDX +5.2%

coinfeeds-bot

tldr; Decentralized exchange platform dYdX is set to unlock $14.02 million worth of its native DYDX tokens. These tokens will be allocated to the community treasury and rewards for traders and liquidity providers. The release will consist of 6.52 million tokens, with 2.49 million going to the community treasury, 1.15 million for liquidity provider rewards, and 2.88 million for trading rewards. This is part of dYdX's efforts to support community initiatives, liquidity mining, and other programs. The article also mentions that dYdX founder Antonio Juliano has recommended crypto entrepreneurs explore markets outside the United States due to the slow progress of crypto regulation in the country. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

No-Elephant-Dies

Antonio Juliano, founder of DYDX, advises crypto builders to target global markets for the next 5-10 years, build elsewhere, and return stronger while avoiding US regulatory uncertainty.