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About dYdX
Industries
Fintech
Crypto & Web3
Company Size
51-200
Company Stage
Series C
Total Funding
$95M
Headquarters
San Francisco, California
Founded
2017
Overview
dYdX is a trading platform that specializes in crypto assets, offering services like margin trading, borrowing, and lending through Ethereum smart contracts. It allows users to trade without a central authority, reducing counterparty risk, and generates revenue through transaction fees and service charges. Key features include margin trading with up to 10x leverage, perpetual contracts, and tools for portfolio management. The goal of dYdX is to make the benefits of decentralized finance accessible to a broader audience, empowering serious crypto traders.
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Simplify's Take
What believers are saying
- Integration with Phantom Wallet facilitated $250 million in trading volume.
- Permissioned Keys enhance security, attracting institutional investors.
- dYdX Unlimited launch could significantly enhance user experience and attract traders.
What critics are saying
- Competition from Uniswap and Sushiswap could erode dYdX's market share.
- Regulatory scrutiny on DeFi platforms could impact dYdX's operations.
- Volatile Ethereum gas fees may drive users to platforms with lower fees.
What makes dYdX unique
- dYdX offers up to 10x leverage, enhancing trading potential for users.
- The platform uses Ethereum smart contracts for secure, transparent transactions.
- dYdX provides perpetual contracts, allowing continuous trading without expiry dates.
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Funding
Total Funding
$95M
Meets
Industry Average
Funded Over
4 Rounds
Andreessen Horowitz
Craft VenturesIndustry standards
Benefits
Health: We offer top-tier health, dental, and vision insurance.
Food: Enjoy fully catered lunch and snacks every day each week
Vacation: Take as much time off as you need to be productive
Ownership: Meaningful equity and competitive compensation.
Wellness: Monthly fitness, wellness, and gym reimbursements.
Relaxation: Events, offsites, and board game nights with the team!
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 4%2 year growth
↑ 7%BioLumic Inc. closed an oversubscribed Series B Extension, raising $8.3 million to accelerate commercialization of its xTraits™ technology, which uses light signals to activate non-GMO seed traits in crops like corn, rice, and soybean. The funding, led by Ki Tua Fund, Azolla Ventures, and iSelect Fund, aims to capture 10% of the non-transgenic seed trait market in five years, enhancing yield and sustainability while reducing development time and cost.
dYdX has introduced a new mobile trading experience with a refreshed interface, seamless trade execution, and up to 50x buying power.
dYdX launches Permissioned Keys, offering institutional traders granular security and access control for API-based trading.
Phantom Wallet, a Solana-based wallet, has integrated with dYdX, a leading decentralized exchange (DEX), allowing users to access perpetual trading on the platform.
dYdX has integrated with Keplr Wallet, enhancing user access to its decentralized trading platform.
dYdX is Hiring for 6 Jobs on Simplify!
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About dYdX
Industries
Fintech
Crypto & Web3
Company Size
51-200
Company Stage
Series C
Total Funding
$95M
Headquarters
San Francisco, California
Founded
2017
dYdX is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today