dYdX

DYDX

Appchain
Derivatives
Perp
DeFi

project_established_year 2017	project_headquarter United States
project_operating_status project_active	ecosystem

dYdX is a decentralized exchange that provides users with key financial instruments, such as perpetuals, margin trading, spot trading, lending, and borrowing. It equips traders with off-chain order books and on-chain settlement, allowing them to short-sell tokens, increase exposure by leveraging long positions, and earn interest on deposited tokens for faster transactions.