Decentralized trading exchange dYdX has introduced a token buyback program to strengthen network security and enhance the utility of its native token, DYDX. According to a March 24 announcement, the protocol stated that it would allocate 25% of its net monthly fees to buy DYDX tokens from the open market. These tokens will be staked […]
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DYdX is allocating 25% of protocol fees to the program, with active governance discussions on an increase to 100%.
The layer-1 chain needs more than a successful perpetuals exchange to justify the HYPE token’s lofty valuation, according to the asset manager.
The following is a guest article from Vincent Maliepaard, Marketing Director at IntoTheBlock. DeFi is driving one of the most aggressive waves of innovation in decades. While it may feel like an established sector to some, DeFi is still rapidly evolving, continually introducing tools with the potential to redefine traditional finance. Here’s a look at […]
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This week’s Crypto Biz explores Coinbase’s earnings, Reddit’s sale of crypto holdings and Circle’s new fee structure for institutional investors and high-volume traders.
The CEO of the dYdX Foundation sees parallels between the internet of the 1990s and where Decentralized Finance (DeFi) is today.
The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.
"The company we’ve built is different from the company dYdX must be," said the CEO.
As Bitcoiners descend on Nashville for a big annual conference, we're covering robust demand for new Ethereum spot exchange-traded funds (ETFs) and recapping the $230 million WazirX hack.
An attacker appears to have installed a token-draining program on the official domain for dYdX version 3.0.
DYDX also has a large unlock scheduled but is not experiencing the same pricing pressure.
The dYdX community votes to stake $60 million in tokens with Stride, automating USDC rewards and bolstering network security.
The decentralized Cosmos exchange Osmosis has been listed as the most actively developed DeFi project in the last month.
dYdX’s market recorded a trading volume of $757 million, taking the top spot in 24-hour volume.
The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.