Search Results for "dydx"
dYdX Community Votes to Stake $61M in DYDX Tokens for Enhanced Security
The dYdX community overwhelmingly approved a proposal to stake 20 million DYDX tokens with Stride to boost the protocol's security as DEX activities rise.
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.
SUSHI and YFI Price Manipulation on dYdX v3 Revealed
The recent dYdX v3 incident, involving significant price movements of SUSHI and YFI tokens, has raised crypto community concerns. The attacker deposited $5.3 million, took leveraged positions, and caused liquidation events.
dYdX Taps ConsenSys' Charles d'Haussy as CEO of its Foundation
Decentralized Exchanges (DEX) dydx has announced the appointment of Charles d’Haussy, a crypto leader from ConsenSys to serve as the Chief Executive of its Foundation.
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 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 Founder Addresses Community Concerns Regarding Token Inflation
Decentralized exchange dYdX founder Antonio has clarified that there are no plans for additional token inflation to compensate validators on the dYdX Chain. The current token distribution model, which has reduced inflation by over 60%, will continue to be implemented. This comes amid growing discussions about the sustainability of dYdX's token model, with some users criticizing the token's distribution and others expressing concerns about the lack of a fee-sharing mechanism in the upcoming version of the platform.
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 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 to Exit Canadian Market
Cryptocurrency derivatives exchange dYdX is set to exit the Canadian market due to regulatory restrictions. The exchange will stop onboarding new Canadian users and move existing users to "close-only mode" over the next seven days, allowing them to only withdraw funds. dYdX is hoping for a change in the regulatory climate to resume services in the country.
What Is Balancer?
Released in March 2020, Balancer is an Ethereum-based automated market maker (AMM) that enables users to earn fees by providing liquidity and trading.
Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards
Leading DeFi protocol Yearn.finance has absorbed Pickle Finance to create a structure that will leverage shared expertise, boost specialization, and minimize work duplication.