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dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI
cryptocurrency

dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.

dYdX Initiates Token Migration Following Layer-1 Blockchain Inception
cryptocurrency

dYdX Initiates Token Migration Following Layer-1 Blockchain Inception

Antonio Juliano, dYdX founder, has flagged an upcoming large-scale migration of locked $DYDX tokens to the dYdX Chain following its recent launch. This migration, strictly abiding by legal agreements, marks a significant phase in dYdX's transition to a layer-1 blockchain, amplifying the utility of DYDX tokens for staking and governance purposes.

dYdX Transitions to Public Benefit Corporation
cryptocurrency

dYdX Transitions to Public Benefit Corporation

dYdX Trading Inc. has updated its charter to become a Public Benefit Corporation on 17 October 2023, as announced by its founder, Antonio. This move aims at aligning the company more closely with the web3 community, promoting global economic and technological advancement through open-source and decentralized crypto asset exchanges. This transition, a first of its kind in the DeFi sector, enables dYdX to balance shareholder value with public benefit.

dYdX Chain Audit Reveals Zero Critical Issues, Confirms Informal Systems
cryptocurrency

dYdX Chain Audit Reveals Zero Critical Issues, Confirms Informal Systems

dYdX, a leading decentralized exchange platform, has cleared a comprehensive security audit by Informal Systems. The news was shared on the official dYdX Twitter account and reposted by founder Antonio, reinforcing the platform's commitment to user security and fund safety.

dYdX Founder Foresees 100x Growth in DeFi Derivatives
cryptocurrency

dYdX Founder Foresees 100x Growth in DeFi Derivatives

Antonio Juliano, founder of dYdX, predicts DeFi derivatives will grow 100x in the next few years, accounting for 2% of crypto derivative volume. This optimistic projection highlights the potential for investors and traders.

dYdX Founder: Focus on Overseas Markets Over US for Crypto
cryptocurrency

dYdX Founder: Focus on Overseas Markets Over US for Crypto

Crypto industry founder Antonio Juliano suggests targeting overseas markets due to US regulatory challenges, aiming for a 100x increase in the sector. Coinbase CEO Brian Armstrong predicts US adoption will improve by next year.

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