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dYdX Launched Perpetual Swaps in Layer 2 Protocol


The dYdX decentralized cryptocurrency derivatives exchange has launched cross-margin perpetual contracts in the second layer protocol on the Ethereum network.

According to the statement, the platform has lowered fees and minimum limits for transactions, and also provided more privacy for users.

DYdX noted that the product features an improved user interface and instant trading.

Earlier, the exchange launched the solution in closed alpha testing mode. Perpetual swaps were available to users in BTC / USD, ETH / USD and LINK / USD with settlements in USDC stablecoin.

In the future, the platform will add AAVE / USD and UNI / USD.

As a reminder, in January 2021, dYdX raised $ 10 million for the development of the derivatives ecosystem. The funding round was led by Three Arrows Capital and DeFiance Capital.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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