dYdX (Ethereum) (DYDX) Wallet

The dYdX is a decentralized margin trading platform founded in 2017 by Antonio Juliano, former Coinbase engineer. For last four years the exchange established itself as a reliable and quite well-known trading platform with total volume of around $11 billion.

dYdX contains of two different levels, each of them is dedicated to a specific type of trading. The Level 1 is all about margin trading, while the Level 2 is powered by StarkWare and serv for instant decentralized perpetuals trading. 

DYDX is a platform’s native token, mostly used for governance. Holders of the DYDX tokens can propose changes to the layer-2 protocol, including questions of tokens listing, setting risk parameters and staking pool payouts. 

Moreover DYDX holders (except United States residents) can receive Retroactive Mining Reward, depending on their overall activity within the network. The second benefit is a trading reward, encouraging traders to use dYdX Layer 2 protocol. And the most simple profit is fee discount, based on the amount of tokens on holder’s wallet. It starts from 3% discount on Tier 1 and goes up to 50% on a VIP Tier.