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The dYdX protocol is likely one of the high DeFi protocols for merchants in search of superior monetary instruments like margin and perpetual buying and selling. dydx doesn’t require KYC for buying and selling. This makes it splendid for anybody concerned with nameless, trustless buying and selling. It additionally gives aggressive price constructions, gas-free buying and selling experiences, lending and borrowing.
Compared to its opponents, dydx affords a decrease degree of collateralization, thereby enhancing accessibility. Moreover, dYdX leverages StarkWare to spice up productiveness, decrease transaction prices, and allow neighborhood involvement and governance.
| Token | dydx |
| TVL | $521.77m |
| Chain | Ethereum |
| Launch date | July 2017 |
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