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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Discussion: Protection Against MEV on dYdX v4

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The move to @dYdX v4 will introduce MEV in the form of order manipulation. With no in-protocol solution, users could be at risk of a poor trading experience.

https://t.co/iRtQS2PtCR

In this post, we explore MEV on v4, and social slashing as a solution. Breakdown below 🧵