dYdX is the leading protocol for decentralized margin trading and financial derivatives built on the Ethereum blockchain. dYdX is a decentralized exchange built on the Ethereum network delivering key financial instruments to users such as perpetuals, margin and spot trading, as well as lending and borrowing. The most powerful open trading platform for crypto assets, dYdX equips traders with off-chain order books with on-chain settlement and enables them to short-sell tokens, increase exposure by longing with leverage, or earn interest on deposited tokens to move quickly. dYdx combines the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange. The company's platform features tools for open short or leveraged position trading, deposit funds to continuously earn interest over time, and track portfolio performance over time, enabling traders to make fully collateralized loans, which are used to fund short-sellers easily.
dYdX is the world’s leading decentralized exchange for collateralized lending, borrowing and margin trading Ethereum based assets.
dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading.
The company aims to build open, secure, and powerful financial products that are equally available to everyone, everywhere.
The protocol lets users take out peer-to-peer short sells, long positions and options on any ERC20 token.
It also enables traders to make fully-collateralized loans, which are used to fund short sellers.