Browsing:DYDX

The dYdX Foundation is pleased to announce the successful allocation of $30M in DYDX from the dYdX Community Treasury
3 weeks ago 3 mins read

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

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 played an important role in the dYdX Ecosystem, helping to foster innovation, drive governance and grow adoption of the dYdX protocol. This funding from the Community Treasury enables the Foundation

The dYdX Operations subDAO is pleased to announce the launch of Full Trading on the dYdX Chain
3 months ago 3 mins read

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

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 Stage to Full Trading. BTC-USD, ETH-USD, SOL-USD, and LINK-USD markets are available for full production trading. Over the coming weeks more markets could continue to be added. On November 28,

A targeted attack on the crypto exchange dYdX resulted in the burning of $9 million from its insurance fund to compensate for user losses.
3 months ago 1 min read

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

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 worth of positions, the exchange decided to take preventative measures to protect users from future incidents. YFI’s founder, Antonio Juliano, called the event a “targeted attack,” pointing out that someone

The native token of the DEX platform DYDX jumped to $2.23 following the announcement of a lawsuit by the U.S. SEC against Binance
9 months ago 1 min read

DYdX Token Soars By 10% After SEC Sues Binance

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 firm. The price surge of the DYDX token was triggered by the SEC’s statement, which alleged that BNB and BUSD, tokens associated with centralized exchange Binance, were unregistered security offerings.