dYdX is a management token that allows the community to manage dYdX Layer 2. The token was deployed in Ethereum, its features are two strategies proposed by DeFi: short deals that allow you to profit from price cuts and loans with full collateral.

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DAOs—or Decentralized Autonomous Organizations—are online governance structures where no single entity has decision making control 🤲

They’re a cornerstone of DeFi and we’re breaking them down in our learning academy article here: