dYdX is a layer-2 decentralized exchange that supports perpetual, margin trading, and spot trading, as well as lending, and borrowing. dYdX runs on smart contracts on the Ethereum blockchain, and allows users to trade with no intermediaries. DYDX is the native utility token of the platform and is used in the following functions: Governance: DYDX token holders can submit and vote on network governance proposals. Protocol Incentivization: Users can earn DYDX tokens as rewards based on their trading volume on the dYdX platform. Staking: Users can stake DYDX tokens to the Safety Module to earn staking rewards in DYDX tokens.
Holders of DYDX receive a trading fee discount. No gas fees are required. Governance: DYDX token holders can submit and vote on network governance proposals. Protocol Incentivization: Users can earn DYDX tokens as rewards based on their trading volume on the dYdX platform. Staking: Users can stake DYDX tokens to the Safety Module to earn staking rewards in DYDX tokens. Note that staked DYDX may be slashed as a result of a shortfall event, such as exchange solvency, smart contract attacks, or other events that the dYdX governance deems to have resulted in a shortfall. Fee discounts: DYDX token holders enjoy lower transaction fees based on their DYDX holdings. The project has minted 1,000,000,000 DYDX which will become accessible over five years. The token distribution are as follows: Community: 50% of the total tokens supply has been allocated to the community. These include trading rewards, retroactive mining rewards, liquidity provider rewards, the community treasury, and more. Past investors: 27.73% of the total token supply. Founders, employees, advisors, and consultants of dYdX Trading or dYdX Foundation: 15.27% of the total token supply. Future employees and consultants of dYdX Trading or dYdX Foundation: 7.00% of the total token supply.
Additional information might be found here: https://docs.dydx.community/dydx-governance/
A client must not use any software or networking techniques, including use of a Virtual Private Network (VPN) to modify your internet protocol address or otherwise circumvent or attempt to circumvent this prohibition.
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On this page, you can see a detailed review of dYdX (DYDX) Crypto with reviews from real users and our experts. dYdX (DYDX) provides the following services: API integration, Buy & Sell Bitcoin, Buy & Sell Crypto, Exchanges, Liquidity Swap, P2P, Crypto exchange.
At the moment, dYdX (DYDX) rating on Finscanner is 3.8 and on Trustpilot is 3.5.