dYdX Trade
dYdX is a decentralized exchange for derivatives and margin trading built on Ethereum and Layer 2 solutions. It offers perpetual contracts, spot trading, and a professional trading experience with low fees.
What is dYdX?
dYdX Exchange is a non-custodial trading platform focused on derivatives such as perpetual contracts. It leverages Layer 2 technology for faster trades and lower fees while maintaining decentralized governance and liquidity.
Core Features
- Perpetual contracts with leverage options (varies by asset).
- Spot trading for major cryptocurrencies.
- Layer 2 trading for low fees and fast execution.
- Cross-margin and isolated margin modes.
- Non-custodial wallet-based access.
Benefits
- Permissionless and globally accessible.
- Low trading fees using Layer 2 technology.
- Professional trading tools like orderbooks, stop orders, and charts.
- Transparent protocol governed by token holders.
Risks
- Leverage trading increases risk of liquidation.
- Smart contract vulnerabilities are possible.
- Layer 2 reliance may cause temporary disruptions during network upgrades.
- Market volatility affects funding rates and margin positions.
Fees
| Fee Type | Details |
|---|---|
| Trading Fees | Tiered maker and taker fees based on trading volume. |
| Funding Rates | Dynamic, exchanged between long and short positions. |
| Network Costs | Minimal due to Layer 2 implementation; bridging may incur additional fees. |
FAQs
Is dYdX decentralized?
Yes, it is a non-custodial exchange with decentralized governance via its DYDX token.
What products are available?
dYdX offers perpetual contracts, spot trading, and margin trading with leverage.
How do I start trading?
Connect a supported wallet, deposit funds, and begin trading directly on the dYdX interface.