dYdX
💡 dYdX offers perpetuals and leverage trading on a semi decentralised platform
Categories:
DeFi
Updated:
2023-03-09
Tags:
Perpetual
Ticker:
DYDX
Token Strength.
Token Utility:
$DYDX holders pay reduced trading fees, participate in governance and can stake $DYDX for more $DYDX.
Demand Driver:
Discounted trading fees speculation on revenue accruing to DAO governed treasury with V4
Value Creation:
Decentralised app, deep liquidity leverage and perpetuals trading.
Value Capture:
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.
Business Model:
Takes a fee on all trading.
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Protocol Analysis.
| Problems & Solutions | V4 upgrade (2023 Q2) might see upgrade of tokenomics where the DAO governs over revenue |
|---|---|
| Predecessors |
Investment Take
... coming soon
Tokenomics Timeline.
2021-08-03
TGE
1 billion tokens launched.
2022-11-24
Safety and Liquidity Module wind down
Safety and liquidity module have been shut down after community vote.
2023-01-20
First large unlock upcoming
Due to large allocation to employees, investors and founders this upcoming unlock could be quite significant.
2023-06-14
Token Upgrade due to new blockchain
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Allocation and Emission.
No calculation connected
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Resources.
Author.
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