DYDX

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.

SirAlexanderFerguson

DYDX gave up on ethereum, lets see how that plays out

spamohh

Next token unlocks DYDX - $13.82M in 3 days OP - $36M in 3 days & 12 hours HBAR - $66M in 5 days & 9 hours APT - $26M in 16 days APE - $57M in 21 days

99Beers

I'm sorry, but Gravix? Gravix, really? WTF is Gravix? I am well connected in crypto for many years now and this is the first time I've heard Gravix. No. Just no. **Uniswap**. That is a dex you should be using. Trading perps or spot: DYDX. GMX, etc. Wtf trades on Gravix?

prittpress

DYDX

Upstairs-Swimming250

Thanks for your help. What if: i) Binance isn't registered in my country? ii) How to get stablecoin to trade in DEX. For eg in DYDX , requires sharing personal info with a third party for stablecoins, defeating DEX's purpose for me. iii) Any better ways to buy I'm missing for a Non-US user with relatively a weak local currency. iv) What if find & withdrawal from BTC ATM and Buy again using cash ...

Upstairs-Swimming250

Thanks for your help. What if: i) Binance isn't registered in my country? ii) How to get stablecoin to trade in DEX. For eg in DYDX , requires sharing personal info with a third party for stablecoins, defeating DEX's purpose for me. iii) Any better ways to buy I'm missing for a Non-US user with weak local currency. iv) What if find & withdrawal from BTC ATM and Buy again using cash ...

jekpopulous2

Ehhh… I got 25k in DYDX, 20k in ARB, 10k in ENS, 7K in OP, 3k in UNI and 2k in 1inch. Sure there are tons of drops that aren’t worth anything… but when they hit they hit.

reed5point0

[New DYDX v4 testnet is live](https://twitter.com/dYdX/status/1691145739567509510) IDK if they plan for an airdrop but I used it just incase

reed5point0

DYDX v4 launching soon, DOT just got connected to the COSMOS, COnsumer Chains are just getting started...Polymarket talking about an OSMOSIS outpost maybe....COSMOS Airdrops are worth having some staked on a non exchange validator. I hear you though $8 was my entry back in 2021

coinfeeds-bot

tldr; The article discusses the future of DYDX, a governance token that allows the dYdX community to govern certain aspects of the dYdX Layer 2 protocol on Ethereum. The DYDX token enables a robust ecosystem around governance, rewards, and staking. The dYdX ecosystem is approaching the potential mainnet release of the dYdX v4 open-source software, known as the "dYdX Chain," which will be a proof-of-stake blockchain network. The article mentions the possibility of using DYDX as the L1 protocol token of the dYdX Chain and the potential migration of the DYDX token from Ethereum to the dYdX Chain. The dYdX Foundation has commissioned the development of an Ethereum smart contract and source code for a user interface to facilitate this migration. The article emphasizes that the DYDX token and dYdX Governance are controlled by the dYdX community, and any decisions regarding the L1 protocol token and token migration will be made through dYdX governance. The dYdX Foundation plans to deploy the Ethereum Smart Contract on the Ethereum mainnet in the near future. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

reed5point0

Oh I'm a huge fan of the IBC and sovereign L1s that are interoperable because of it. DOT is also not connected to it as of recent. I love seeing DYDX move to it, yet remain their own chain. Going to be neat, EVMs on the IBC like EVMOS are in a prime place for ETH dApps to connect in.

Stafford_001

I bought them Link,ETH and DYDX

Arcosim

People are saying it was SBF because there's a lot of circumstantial evidence linking this rug to SBF's past activity: For example, the Bald deployer being the largest DYDX farmer and one of the first voters of the original Sushi proposals. But the most iteresting connection is that there are thousands of ETH that were transacted between FTX/Alameda known wallets and Bald (these are some of the siphoned wallets that were used to transfer stolen funds immediately after the FTX collapse). Is it SBF? Probably not, but I wouldn't be surprised if it's one of his past FTX associates (in fact it has to be given the use of stolen FTX/Alameda funds).

Arcosim

There are several things linking the Bald deployer to SBF. For example, it being the largest DYDX farmer and also being one of the first voters of the original Sushi proposals is also very suspicious. But the most incriminating thing to me is that there are thousands of ETH transacted between FTX/Alameda known wallets and Bald (the wallets siphoned during the first days of the FTX collapse and currently outside of the control of the reestructuring team).

Arcosim

The BALD deployer being the largest DYDX farmer and being one of the first voters of the original Sushi proposals are also very suspicious.

cats_dont_wear_pants

- Thousands of ETH between FTX/Alameda and Bald - Bald deployer was first voter on all sushi proposals - Bald deployer tweets same sentence structure as SBF - Bald deployer was biggest DYDX farmer - Bald deployer DYDX posts sound like SBF - Bald deployer DYDX posts sound like SBF - Onchain activity times line up with court dates/bail - We know SBF was doing stuff through VPN recently - Official project serum account on twitter changed name to @0xLukaeth and was shilling $bald: https://twitter.com/rekt_tekashi/status/1686125602720395264

caixabancyc

Perp DEXes are gaining good momentum lately and you picking DYDX is a smart choice, i would take a look at Credit protocol as well as i have been recently doing a bit of research in the ecosystem and i have found Radiant and SpoolFi quite intriguing.

Umarzy

I agree with the strong points & use cases for DeFi. Most of the interesting innovations are DeFi related or they eventually ended up being linked-to DeFi in a way. Uniswap is doing more volumes than some CEXs, the same with DYDX for perpetual. There's Credit Protocol as well building a liquidation-free lending protocol on Arbitrum. Just many amazing products to mention. Although crypto/blockchain tech goes beyond just that. I think Crypto usage in DeFi is just more pronounced/recognizable since the blockchain was meant to eliminate centralized controls with the decentralization bringing financial inclusivity. The Supply chain sector is also an interesting area crypto is useful.

Jumpy_Solid6706

I'm an Atom main and honestly believe thier interconnectivity is going to pay off someday. Constant building, native USDC coming, DYDX migrating from ETH, and now Mitsubishi bank in Japan testing an IBC stablecoin.... just feels set up for actual use cases. The community is active if a bit harsh during votes for chain features. I just feel like this one will stay as other alts fall by the wayside. Then again XRP or ADA or someone else may secure those links and my bag will be sad. But 2 years in i still believe in the chain.

advias

Fees increase on CEX's with your total USD value in transaction. Take a look into the CEX/DEX protocols like DYDX and others and look at their fees and compare

SirAlexanderFerguson

I dont find metamask user friendly, DYDX is leaving Eth entirely because it wants a quicker solution to the disadvantages of Eth

Umarzy

Most bullish on DYDX from this list, as it's an undervalued DeFi protocol, and the launch of its Cosmos-based chain should be huge. I believe the thing about maximizing gains is to get in early on promising projects and I'm personally watching Credit Protocol on Arbitrum, a revolutionary lending project powered by AMM where users don't have to worry about liquidations caused by market volatility & fluctuations. July should be a good month as it's been in previous years :)

SignificantFriend382

I like LTC but my lottery ticket is DYDX. Yes, i know. Don’t punch me.

ShotCryptographer523

Good question. I am still holding. There are still many cool projects coming to the ecosystem like Celestia, SEI network, DYDX, Nomic (bringing BTC to Cosmos) and others. Good for the potential airdrops alone really. The community can be toxic, but there are also quite a few good guys as well like Cryptocito and Liam.

PrettyPleaseYo

DYDX price discussion? Hi, I can not find a proper discussion of the DYDX price. Does anyone have a link, or shall we chat about it here? The coin is near its all-time low, while the DEX has 2.5 times the trading volume of Uniswap. Due to regulations, they recently migrated from Ethereum to Cosmos and stopped their business in Canada. I wonder, is it bad for a DEX to have known founders? Should they all be completely anonymous die to the current regulatory environment? I am tempted to buy but might want to wait for a trend reversal.

AhAhAhAh_StayinAlive

Perp dexes are popping up more and more every day. GMX, KWENTA, DYDX and GNS are all growing all the time as well as a few other newer ones. This trend will likely only accelerate imo.

Umarzy

This market is very strong and it always has a way to recover from every disaster or FUD. The recent happenings just further proved that DeFi is the ultimate solution, and we need to fully embrace the decentralized approach in web3. I believe attention will shift to decentralized protocols eventually, and I think there's more traction coming for Uniswap, 1INCH, GMX, Credit Protocol, AAVE, DYDX, etc.

flatpak2021_08_2021

i don't follow APEX but you can force withdrawal from DYDX easily https://twitter.com/l2beat/status/1633525963496587265 https://twitter.com/l2beat/status/1539624173068320769

sitytitan

> tell me how to withdraw funds off APEX or DYDX without using their API or website? tell me how to withdraw funds off APEX or DYDX without using their API or website?

sitytitan

>blockchain skills, b Care to tell me how to withdraw funds off APEX or DYDX without using their API or website?

diomediocre

IDEX and DYDX are two orderbook style Defi exchanges you can use. To get what you're showing there on Stellar you may need to use a Dune dashboard to make it in that particular style.

JandorGr

Probably through a decentralised futures exchange like trade.DYDX but I am not sure there is futures ready. Really don't know.

Godenincevk

I'd say memes make the cryptoverse look like a Ponzi scheme, and with the hype they receive which is short-lived, they are quick to give the next 10x but with high risks. Buying into fundamentals that offer innovative solutions to the core problems in the space is more of a long-term investment. Getting into crypto payments solutions and decentralized communication offerings like Sylo's wallet, staking opportunities like AVAX, and Derivatives: DYDX and GMX are worthwhile.