Overview

dYdX is a trading platform that specializes in cryptocurrency, offering services like margin trading, borrowing, and lending through Ethereum smart contracts. It allows users to trade without a central authority, reducing counterparty risk, and generates revenue through transaction fees and interest spreads. Key features include margin trading with up to 10x leverage, perpetual contracts, and advanced portfolio management tools. The goal of dYdX is to provide the benefits of decentralized finance, such as security and transparency, to a broader audience of serious crypto traders.