💡 dYdX offers perpetuals and leverage trading on a semi decentralised platform
$DYDX holders pay reduced trading fees, participate in governance and can stake $DYDX for more $DYDX.
Discounted trading fees speculation on revenue accruing to DAO governed treasury with V4
Decentralised app, deep liquidity leverage and perpetuals trading.
Value created is not captured in the token. Current revenues from fees accrue to the centralised dYdX Trading Inc. and NOT to a $DYDX token governed entity.
Takes a fee on all trading.
|Problems & Solutions|
V4 upgrade (2023 Q2) might see upgrade of tokenomics where the DAO governs over revenue
... coming soon
1 billion tokens launched.
Safety and Liquidity Module wind down
Safety and liquidity module have been shut down after community vote.
First large unlock upcoming
Due to large allocation to employees, investors and founders this upcoming unlock could be quite significant.
Token Upgrade due to new blockchain
Allocation and Emission.
No calculation connected