The dYdX decentralized cryptocurrency derivatives exchange has launched cross-margin perpetual contracts in the second layer protocol on the Ethereum network.
It’s finally time. Our Layer 2 cross-margined Perpetuals are available to the public on mainnet Ethereum, powered by @StarkWareLtd and settled in $ USDC… Read the announcement, and start trading here ↓ https: //t.co/H4ptd6zidr
– dYdX (@dydxprotocol) April 6, 2021
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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