What is dYdX (DYDX)

1. Project Introduction
dYdX (DYDX) is a decentralized derivatives exchange offering a wide range of essential financial tools such as perpetual contracts, margin trading, spot trading, and lending services. Unlike the commonly used automated market maker (AMM) model, dYdX uses a traditional order book model, combining off-chain order books with on-chain settlements to provide users with a flexible trading experience. Users can short tokens, leverage positions to increase risk exposure, or deposit tokens to earn interest for profit.
Summary: dYdX focuses on decentralized derivatives trading, especially in the perpetual futures contract space. The platform eliminates traditional financial intermediaries and offers a transparent, secure, and efficient trading experience.
2. Team & Investment Info
dYdX was founded in July 2017 by Antonio Julianno, who serves as the CEO. He has a strong technical background, having worked as a software developer at Coinbase, Uber, and MongoDB. Arthur Cheong, chairman of the dYdX Foundation, is the founder and CEO of DeFiance Capital and has extensive experience in the cryptocurrency investment field. Charles d'Haussy is the new CEO of dYdX, previously holding leadership positions at ConsenSys and Hong Kong's fintech department.
Funding:
dYdX has completed at least four funding rounds, raising a total of $87 million. The seed round in 2017 raised $2 million, with key investors including a16z and Polychain Capital. The Series A in 2018 raised $10 million. In 2021, the Series B and C rounds raised $10 million and $65 million, respectively, led by Paradigm, Three Arrows Capital, and DeFiance Capital.
3. Social Media URLs
X: https://x.com/dYdX
YouTube: https://www.youtube.com/c/dYdXprotocol
Discord: https://discord.com/invite/dydx
Reddit: https://www.reddit.com/r/dydxprotocol
4. Token Info
Token Symbol: DYDX
Total Supply: 1,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x92D6C1e31e14520e676a687F0a93788B716BEff5
Token Distribution:
Community: 50%
Team and Advisors: 27.73% (4-year vesting period)
Investors: 15.27% (4-year vesting period)
dYdX Foundation: 7%
5. Related Links
Official Website: https://dydx.exchange/
GitHub: https://github.com/dydxprotocol
LinkedIn: https://linkedin.com/company/dydx
Other Info: https://docs.dydx.community/dydx-token-migration