What is dYdX (DYDX)? | DYDX Token Explained in Under 60 Seconds

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dYdX Exchange – dYdX is a decentralized trade (DEX) that makes use of good contracts to supply perpetual buying and selling, margin buying and selling, & spot buying and selling. Lending & borrowing is additionally supported on the platform.

dYdX Token (DYDX) – (*60*) dYdX ecosystem is powered by its governance token DYDX. (*60*) DYDX token is used for rewards, staking and protocol governance.

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Exchange Trading – (*60*) dYdX trade gives customers with 3 commerce choices (perpetual, margin, & spot), with cross-margining throughout perpetual accounts.

Perpetuals on Layer 2 – dYdX partnered with StarkWare to offer a Layer 2 scaling answer for perpetual contracts. Provides as much as 25x leverage on artificial property.

Spot / Margin Trading – As probably the most liquid and highest quantity DEXs, dYdX trade provides Layer 1 margin buying and selling & spot buying and selling with as much as 5x preliminary leverage.

Lending / Borrowing – Lending and borrowing is additionally supported on dYdX. Deposit funds to start out lending to the protocol, or borrow supported property on to your pockets.

WEBSITE: https://dydx.exchange/


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