Über dYdX (DYDX)
DYDX is the governance token of the Ethereum-based decentralized derivatives trading protocol dYdX. In addition to handing future decision-making to the protocol's community, the token's 2021 launch was intended to incentivize the adoption of the recently launched dYdX Layer-2 product. Users will be compensated for their past activity on the dYdX mainchain and for future trades on the Layer-2 version with DYDX.
Originally launched in 2017 and recreated in 2019, dYdX is one of the most established and well-audited decentralized finance protocols. Antonio Juliano, a former software engineer at Coinbase and Uber, is credited with the platform's founding.
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