DYDX

Decentralized exchange dYdX v3 compromised by a DNS attack

July 23, 2024 1 min read

dYdX, a decentralized exchange, experienced a substantial security compromise related to its v3 protocol. A hacker infiltrated the authorized website of dYdX v3 by implanting token-draining software, which has the potential to divert customers’ cash. The hijacked website exhibited error messages resembling prior phishing scams, with the intention of deceiving customers into divulging their wallet information. The exchange posted a cautionary message on social media, recommending users refrain from accessing

Anchorage Digital Adds Support for Native DYDX Staking

May 15, 2024 3 mins read

Zug, Switzerland, May 15th, 2024 Institutional crypto platform Anchorage Digital has announced support for native DYDX staking. Now, institutions can stake DYDX from safe and secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USDC.  As home to the only federally chartered digital asset bank, Anchorage Digital provides crypto custody, staking, and other services for some of the top names in traditional and decentralized finance. As the

The dYdX Foundation is pleased to announce the successful allocation of $30M in DYDX from the dYdX Community Treasury

February 10, 2024 3 mins read

Zug, Switzerland, February 9th, 2024 Today, the dYdX Foundation highlights the successful allocation of $30M in DYDX from the dYdX Chain Community Treasury. The Foundation Fundraise proposal had a 98% ‘Yes’ vote and a 87.2% voter turnout highlighting the close-to-unanimous support from the dYdX community and ecosystem.  This funding provides 3 more years of runway for the dYdX Foundation to execute its roadmap, which includes: Charles d’Haussy – CEO dYdX Foundation “The Foundation has

Announcing the Launch of Full Trading on the dYdX Chain – Unlocking Trading Rewards & 6 Month Incentive Program

November 29, 2023 3 mins read

George Town, Cayman Islands, November 29th, 2023 The dYdX Operations subDAO is pleased to announce the launch of Full Trading on the dYdX Chain, introducing new and improved trading rewards, a 6-month Launch Incentive Program proposed by Chaos Labs, and the continuation of Validators and Stakers receiving 100% of protocol fees. Full trading has been enabled by the dYdX Community voting to first move from the Alpha to Beta stage then move from the Beta

dYdX faces an attack, leading to the burning of $9 million from its insurance fund to cover user losses

November 20, 2023 1 min read

On November 17, a targeted attack on the decentralized crypto exchange dYdX resulted in the burning of $9 million from its insurance fund to compensate for user losses. As a result, dYdX has increased the margin requirements for tokens in less liquid markets and taken other steps to reduce risk. Due to the attack, which was mainly concentrated on the YFI token and caused the liquidation of about $38 million

DYdX Token Soars By 10% After SEC Sues Binance

June 6, 2023 1 min read

The native token of the decentralized exchange platform DYDX, known as DYDX, experienced a significant price jump to $2.23 following the announcement of a lawsuit by the U.S. Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange. The surge in the DYDX token price represented a gain of approximately 10% from its lowest price of $2.04 within the past hour, as reported by CryptoWatch, a data analytics