dYdX, the layer-two derivates protocol, has published the fourth iteration of its roadmap detailing their intentions to evolve into an open-source, community-governed and fully decentralized exchange by the end of this calendar year.The platform currently runs on a hybrid model whereby a portion of operations are decentralized, most notably staking and governance, while other … [Read more...] about dYdx outline plans for full decentralization in late 2022
Dydx
“Decentralized” exchange dYdX suffers outage
While crypto enthusiasts would want the world to believe that projects in the space, especially those in decentralized finance (DeFi) have little to no use for centralized intermediaries, the recent outage of one of Amazon’s server in US-East-1 region has again brought the question “how decentralized are decentralized finance projects?” to the fore again.dYdX suffers outageOn … [Read more...] about “Decentralized” exchange dYdX suffers outage
Defi Derivatives Exchange Dydx Raises $65 Million
The decentralized exchange (dex) Dydx announced the organization has raised $65 million in a Series C funding round led by Paradigm. The Dydx announcement notes that the additional capital will be leveraged to “significantly improve liquidity” on the dex platform “through the volatility of the cryptocurrency markets.” Defi Exchange Dydx Raises $65 million from Strategic … [Read more...] about Defi Derivatives Exchange Dydx Raises $65 Million