What is Malwang Gochu?
dYdX is a decentralized derivatives exchange, or DEX. It primarily offers perpetual futures trading.
Users can trade various cryptocurrencies with up to 20x leverage, similar to centralized exchanges.
Key features include leverage futures trading with up to 20x leverage on various coins like Bitcoin, Ethereum, Solana, etc.
Decentralized exchange structure: Users log in with non-custodial wallets (e.g., MetaMask) on-chain, and assets are directly held by the user.
@dYdX Chain (Cosmos-based)
Initially operated on Ethereum Layer2 (StarkEx), but since 2023, it has transitioned to its own blockchain (dYdX Chain) based on the Cosmos SDK, aiming for complete decentralization.
$DYDX Token
Used for platform governance and staking, and a portion of trading fees is distributed to token holders.
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