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.

DYDX news today, dYdX crypto latest news of coin ticker

dYdX

🖥️ Beta Stage Deep Dive

The Beta Stage introduces trading functionality, trading fees will accrue to Validators and Stakers + 33 Markets will be added 🎉

The dYdX governance community could evaluate the timing of transitioning to the Beta Stage

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http://dydxopsdao.com/blog/dydx-chain-beta-stage-deep-dive…

Twitter

🗳️dYdX Governance Update - #Prop1 Enable trading

Trading will be opened and stakers will be able to earn trading fee directly generated in $USDC

But currently the stake is highly centralized
▫️ 33% can halt the chain
▫️ 66% to produce a block

Decentralization - a thread 👇

dYdX Governance Update - #Prop1 Enable trading.