The dYdX protocol is one of the top DeFi protocols for traders seeking advanced financial tools like margin and perpetual trading. dydx does not require KYC for trading. This makes it ideal for anyone interested in anonymous, trustless trading. It also provides competitive fee structures, gas-free trading experiences, lending and borrowing.
In comparison to its competitors, dydx offers a lower level of collateralization, thereby enhancing accessibility. Additionally, dYdX leverages StarkWare to boost productivity, minimize transaction costs, and enable community involvement and governance.
| Token | dydx |
| TVL | $521.77m |
| Chain | Ethereum |
| Launch date | July 2017 |
