dYdX is the developer of a leading non-custodial decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. The exchange combines the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.
To significantly scale trading, dYdX and StarkWare have built a Layer 2 protocol for cross-margined Perpetuals, based on StarkWare’s StarkEx scalability engine and dYdX’s Perpetual smart contracts. Traders can now trade with zero gas costs, lower trading fees, and reduced minimum trade sizes.
Traders can go long or short with 25x leverage on BTC-USD, ETH-USD, LINK-USD, UNI-USD, AAVE-USD with many markets coming soon!