Interview

dYdX – a non-custodial trading, lending and derivates protocol

Oskari Tempakka

Article hero image

In 15-minute fundamentals, we break down the business of a crypto project and learn about the drivers behind the data you can see on Token Terminal's charts. In this episode, we dive into the current state of dYdX with Corey Miller.

dYdX's dashboard: https://tokenterminal.com/terminal/projects/dydx

Timestamps:
00:00 What is dYdX?
01:25 What is a perpetual contract?
02:35 dYdX’s business model
03:16 How and why is dYdX moving towards full decentralization?
05:15 Protocol revenue — who does it accrue to and how is it used?
05:52 Growth drivers and challenges
08:00 User composition on dYdX
10:06 Trading volume composition on dYdX
11:50 Token incentives on dYdX
13:42 Governance on dYdX
15:42 What’s next for dYdX

The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

Stay in the loop

Join our mailing list to get the latest insights!

Continue reading

  1. Token Terminal Welcomes Alex Wenham as a Strategic Advisor
    Token Terminal Welcomes Alex Wenham as a Strategic Advisor

    Token Terminal Welcomes Alex Wenham as a Strategic Advisor

    We are thrilled to announce the appointment of Alex Wenham as a Strategic Advisor at Token Terminal. Alex brings over fifteen years of experience from the intersection of traditional finance and crypto, having spent a significant part of his career at Bloomberg, where he held key leadership roles focused on institutional sales and product strategy. His extensive expertise in both traditional finance and the rapidly evolving digital asset landscape make him an invaluable addition to our growing team.

  2. Exploring Arbitrum Stylus, Orbit, and Nitro: An Interview with Steven Goldfeder
    Exploring Arbitrum Stylus, Orbit, and Nitro: An Interview with Steven Goldfeder

    Exploring Arbitrum Stylus, Orbit, and Nitro: An Interview with Steven Goldfeder

    In this episode, we’re joined by Steven Goldfeder, Co-Founder and CEO of Offchain Labs, the team behind Arbitrum. We discuss the launch of Arbitrum Stylus, Arbitrum's strategic positioning in the expanding blockchain market, key developments within the Orbit ecosystem, the concept and significance of chain clusters, and much more.

  3. How ELT keeps us ahead of the curve
    How ELT keeps us ahead of the curve

    How ELT keeps us ahead of the curve

    We’re kicking off a tech series to give you a behind-the-scenes look at what it takes to run a reliable and scalable blockchain data pipeline. This is the backbone of everything we do and what powers our customer-facing products. We currently run in-house node infrastructure for over 40 chains and manage a 400TB+ data warehouse.