DYDX is the governance token of dYdX, a decentralized layer 2 trading protocol on Ethereum. dYdX combines the functionality and comprehensive trading terminals of a centralized exchange with the freedom and mobility of decentralized finance.
The dYdX exchange offers an incredible range of trading tools and services, including isolated-margin trading, cross-margin trading and perpetual futures trading. Moreover, traders enjoy secure and private, decentralized trading with dYdX's Starware zero-knowledge proofs.
After buying DYDX, holders have the option of earning further interest on their tokens if they deposit their DYDX holdings into the global DYDX liquidity pool. The holder can withdraw provided tokens at any time or borrow crypto by using their deposited tokens as collateral. The dYdX platform has enjoyed enormous growth and adoption and regularly sees a daily trading volume of over $500,000,000.
