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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TL;DR: "Long DeFi Mullet: Fintech in front, DeFi in the back." ;-)
Great convo with fellows from @Mysten_Labs , @vegaprotocol , CMT Digital, @galaxyhq & @dydxfoundation #dydx