dYdX is launching a new liquidity feature that’ll make it easier to spring up new tokens
dYdX founder Antonio Juliano discusses the evolution of dYdX and the broader DeFi landscape, highlighting the need for DeFi to move beyond copying tradfi products and build truly innovative applications made possible by decentralization.
OUTLINE
00:00 Intro
01:33 DeFi's Development
04:24 dYdX Mega Vault AMM
05:32 dYdX Prediction Markets
08:47 High-Performance Blockchain Development
10:35 Appchain Drawbacks
12:47 dYdX vs. Hyperliquid
14:36 New dYdX Markets
17:11 Onchain RWA Derivatives
18:39 DEX Adoption Hurdles
21:24 Crypto Market Makers
22:22 dYdX Development Roadmap
23:47 Appchain Advantages
GUEST LINKS
Antonio Juliano on X - https://x.com/AntonioMJuliano
Antonio Juliano - https://www.linkedin.com/in/antoniojuliano/
dYdX - https://dydx.exchange/
dYdX on X - https://x.com/dYdX
This episode is brought to you by our sponsor Polkadot
Polkadot is the blockspace ecosystem for boundless innovation. To discover more, head to polkadot.network
The Block Community
The Block is launching a new community experience for fans of The Scoop! Follow us on Lens to stay in the loop: hey.xyz/u/theblockcommunity
The Block Newsletters
The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters
The Founder’s Journey (And Return) | Antonio Juliano, dYdX
In this episode, Antonio, founder of dYdX, opens up about his deeply personal journey of stepping down as CEO and ultimately returning to the company. He shares raw insights about founder identity, the emotional toll of building a successful company, and the profound realizations that came from completely disconnecting from his creation. The conversation explores the unique challenges founders face with connection, leadership, and authenticity, while offering a candid look at how Antonio plans to run dYdX differently after his return. Found out what it's actually like being a founder in crypto. Thanks for tuning in!
- -
Start your day with crypto news, analysis and data from Katherine Ross and David Canellis.
Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts
Follow Antonio: https://x.com/antoniomjuliano
Follow Jason: https://twitter.com/JasonYanowitz
Follow Santiago: https://twitter.com/santiagoroel
Follow Empire: https://twitter.com/theempirepod
Subscribe on YouTube: https://tinyurl.com/4fdhhb2j
Subscribe on Apple: https://tinyurl.com/mv4frfv7ww
Subscribe on Spotify: https://tinyurl.com/wbaypprw
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
- -
Explore the SKALE Ecosystem at skale.space/ecosystem and stay up to date with the gas-free blockchain on X at @skalenetwork
- -
The self-custody wallet that's built for swapping. Created for a multi-chain world by the most trusted team in DeFi.
Available on Chrome, iOS, and Android.
https://blckwrks.co/UniswapWallet
- -
Supra Containers are secured by Supra’s L1 nodes and get access to Supra’s 500k TPS throughput, sub-second consensus latency, and all their built-in services like oracle price feeds and onchain randomness without any overhead. Supra is also MultiVM compatible so you can easily deploy your EVM, Move, and SVM smart contracts here.
Get all the freedom, control, and tools you need to build super dApps and bring the world onchain. To learn more, visit www.supra.com/blockworks
- -
$cmETH, a Mantle native liquid restaking token, will launch together with Season 2: Methamorphosis, allowing users to easily participate in restaking, and earn $COOK rewards in addition to other yields.
$COOK, the governance token of mETH Protocol, will allow holders to play a pivotal role in directing the strategic future of mETH Protocol.
Learn more: https://x.com/mETHProtocol
- -
Timestamps:
(00:00) Intro
(02:13) Stepping Down from CEO
(17:09) Returning to Building
(32:57) Skale Ad
(33:36) Supra Ad
(34:32) Uniswap ad
(35:04) Mantle Ad
(35:57) Founders Lessons Learned
(39:30) Advice for Founders
(47:30) Founders Setting Goals
(59:38) Social Strains of Foundership
- -
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
dYdX Abandons Ethereum?! with Founder, Antonio Juliano
Last week, one of Ethereum’s biggest L2-integrated dapps — derivatives giant dYdX — announced plans to depart Ethereum upon its upcoming v4 release. The destination? A fully sovereign blockchain on the Cosmos Tendermint consensus protocol, built using the Cosmos software development kit.
We brought on dYdX, Founder, Antonio Juliano to discuss this announcement and so much more.
------ 📣 NOTIONAL | Real DeFi Yield https://bankless.cc/Notional
------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------ BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across
🏦 ROCKET POOL | STAKE YOUR ETH https://bankless.cc/RocketPool
👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave
⚡️ LIDO | LIQUID ETH STAKING https://bankless.cc/lido
🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger
------ Topics Covered:
0:00 Intro 7:00 The Announcement 14:38 Creating the Best Product 25:10 Decentralization 33:50 The Risks 37:55 Wallets 40:07 Staking Validators 46:05 Monetary Policy & Latency 54:44 Tradeoffs with Ethereum 59:55 Legal Reasons 1:06:00 Real Centralization 1:14:20 Bridging & Composability 1:24:00 Closing
------ Resources:
Antonio on Twitter: https://twitter.com/AntonioMJuliano
Announcement: https://twitter.com/dYdX/status/1539607062291877889
Why Would a dApp Leave Ethereum Right Now? https://newsletter.banklesshq.com/p/dydx-cosmos-ethereum?
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Founder of largest decentralized derivatives exchange believes DeFi may soon see millions in new users
In his last appearance on The Scoop, Antonio Juliano — founder and CEO of decentralized derivatives platform dYdX — was preparing to integrate StarkWare’s layer-2 scaling technology into the third iteration of the dYdX protocol.
Just over a year later, dYdX has grown to dominate the decentralized derivatives space, with the majority of decentralized perpetual swap trading volume occurring on the platform, according to data from The Block.
In this episode of The Scoop, Antonio Juliano explains why his team remains undeterred by the global market drawdown as they work towards the upcoming dYdX v4 release, which will fully decentralize governance of the protocol.
As Juliano said on the show, his long-term vision extends past market cyclicality:
“It's really important for us to maintain that mentality of: the markets may go down, people may write us off to some level, but really what we're building for is five years from now.”
While most “blue chip” DeFi tokens have fallen significantly from last year’s all-time highs, Juliano believes the recent trend of centralized exchanges like Coinbase and Robinhood providing users with streamlined access to Web3 platforms will provide an influx of new market participants to DeFi protocols.
As Juliano explained during the interview,
“It's just going to be a huge magnifier and multiplier in terms of the types of people and the number of people that can interact with DeFi. I'm really excited about this — I've been excited about this narrative playing out for a while now. I thought it would probably take a little bit longer, to be honest than it did... but it's something that that I'm really excited about and I think will be a huge multiplier for DeFi."
Episode 48 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Antonio Juliano, Founder & CEO of dYdX.
Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.
This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & Cross River
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com.
About Coinbase Prime
Coinbase Prime is an integrated solution that provides institutional investors with an advanced trading platform, secure custody, and prime services to manage all their crypto assets in one place. Coinbase Prime fully integrates crypto trading and custody on a single platform, and gives clients the best all-in pricing in their network using their proprietary Smart Order Router and algorithmic execution. For more information, visit www.coinbase.com/prime.
About Cross River
Cross River is powering today’s most innovative crypto companies, with banking and payments solutions you can rely on, including fiat on/off ramp solutions. Whether you are a crypto exchange, NFT marketplace, or wallet, Cross River’s API-based, all-in-one platform enables banking as a service, ACH & wire transfers, push-to-card disbursements, real-time payments, and virtual accounts and subledgers. Request your fiat on/off ramp solution now at crossriver.com/crypto.
How dYdX could overtake Binance | Antonio Juliano dYdX
In this episode of Empire Jason & Santiago are joined by Antonio Juliano. Antonio is the founder of dYdX one of the largest decentralized exchanges in the world. After leaving Coinbase to start dYdX in 2017, dYdX now settles over $2 Billion of trade volume per day and is backed by some of the largest funds in the crypto industry such as a16z, Polychain & Bain Capital.
We invited Antonio on Empire to discuss how dYdX plans to become the largest crypto exchange in the world, futures trading products, order books vs AMMs, the layer-1 wars, Antonio's outlook for DeFi growth and much more.
--
Avalanche:
Thank you to Avalanche for sponsoring Empire. Avalanche is one of the best and fastest growing smart-contract platforms in the industry.
Learn more about them at https://www.avax.network/
--
ParaSwap:
If you want to make a swap at the best price across the DeFi market, check out paraswap.io.
ParaSwap’s state-of-the-art algorithm beats the market price across all major DEXs and brings you the most optimized swaps with the best prices, and lowest slippage.
Find out more about them at https://www.paraswap.io/
--
Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like this, subscribe to Blockworks' free daily newsletter: https://blockworks.co/newsletter/
Follow me and Santiago on Twitter, @JasonYanowitz and @santiagoroel; let us know what you thought of the show!
Subscribe to the podcast on Spotify: https://open.spotify.com/show/4UTePv1CR3APdKOiosR3Iq?si=41bc452345b649f9
Subscribe to the podcast on Apple: https://apple.co/3srZf7M
The dYdX Boom | Antonio Juliano (10/6)
Save 10% on dYdX trading fees! https://trade.dydx.exchange/r/bankless ------ In September 2021, dYdX did more trade volume than Coinbase for the first time. The growth in the scaled trading protocol has been astounding, and this has been no coincidence. dYdX has pioneered Layer 2 solutions along with Starkware's ZK Rollup, and the result has been an explosion of perpetual swaps and deep liquidity pools on dYdX's native rollup.
Antonio Juliano returns to Bankless to discuss the parabolic growth of dYdX, the plans for its governance & utility token, and the future of decentralized derivatives.
State of the Nation is livestreamed on Tuesdays at 11am PT / 2pm ET.
------
SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ ️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge ------ ZERION | Your Gateway to the Metaverse! https://bankless.cc/Zerion ------ BANKLESS SPONSOR TOOLS:
GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini
LIDO | DECENTRALIZED STAKING https://bankless.cc/Matcha
AAVE | LEND & BORROW ASSETS https://bankless.cc/aave
UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants/dharma
------ Topics Covered:
0:00 Intro 8:30 Antonio Juliano of dYdX 11:06 dYdX vs. Coinbase 15:50 Who's Trading? 19:09 Behind the Success 24:31 Layer 2 & TVL 32:40 Order Book 38:45 The Largest Exchange 42:03 Competing with FTX 47:30 Decentralization 52:58 The DeFi Spectrum 57:20 Pioneering Scale & Layer 2 1:04:48 Ethereum Layer 1 1:07:48 Regulatory 1:12:41 Successful dYdX 1:16:10 Closing & Disclaimers
------ Resources:
Antonio on Twitter: https://twitter.com/AntonioMJuliano?s=20 dYdX: https://dydx.exchange/ How to Trade: https://newsletter.banklesshq.com/p/how-to-trade-on-the-dydx-rollup How to Earn: https://newsletter.banklesshq.com/p/a-guide-to-earning-on-dydx
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
SotN #41: Scaling DeFi with dYdX and StarkWare
Antonio Juliano is Founder of dYdX, and Uri Kolodny is CEO of StarkWare.
State of the Nation is live-streamed on Tuesdays at 11am PT.
------
🔀 10% Off dYdX Trading Fees w/ Bankless! https://bankless.cc/dydx
------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge ------ BANKLESS SPONSOR TOOLS:
💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini
🦊 METAMASK | DEFI PASSPORT https://bankless.cc/metamask
🦄 UNISWAP | DECENTRALIZED EXCHANGE http://bankless.cc/uniswap
🔀 KWENTA | SYNTHETIC ASSET EXCHANGE https://bankless.cc/kwenta ------ State of the Nation #41: Scaling DeFi Guests: Antonio Juliano & Uri Kolodny
Antonio Juliano (founder of dYdX) and Uri Kolodny (CEO of StarkWare) join this edition of State of the Nation to discuss their new announcement: dYdX, in partnership with StarkWare, recently released a Layer 2 Product for Perpetual Contracts, which namely allows for leveraged trading.
Perpetual Contracts expose investors to a synthetic contract, representing the price action of a given asset. The nature of perpetual contracts allow for flexibility and expression in the financial mechanisms powering the contract, giving traders the ability to use leverage. These types of contracts attract high-level, high-frequency traders and make scalability crucial for a platform to be capital-efficient.
StarkEx is StarkWare's scalability app, which uses StarkWare's Cairo, a Turing Complete coding platform, to support Layer 2 Scaling for transfers, trading, derivatives, and NFTs. dYdX rebuilt its interface, backend, and order-book; it then paired with StarkEx to create a scaled, decentralized derivatives exchange. Throughout the development and launch of its new product, dYdX has continued to emphasize the DeFi core values of being non-custodial, trustless, and permissionless.
A major upgrade is cross-margining on dYdX, which allows users to provide universal collateral, instead of having to provide collateral for each market. Other improvements include lower gas prices, increased oracle performance, higher maximum leverage, and no minimum trade size. With these upgrades, dYdX offers better performance with no loss in decentralization or security.
This is how DeFi needs to scale – increasing performance while maintaining decentralization and security.
------
Resources:
dYdX Announcement Post: https://dydx.exchange/blog/public
dYdX: https://dydx.exchange/
StarkWare: https://starkware.co/
Antonio on Twitter: https://twitter.com/AntonioMJuliano?s=20
Uri on Twitter: https://twitter.com/ukolodny?s=20
An Incomplete Guide to Rollups: https://vitalik.ca/general/2021/01/05/rollup.html
------ This Week on Bankless:
⚒️ How to Crypto Tax (4/7): https://newsletter.banklesshq.com/p/how-to-do-crypto-taxes-for-the-lazy 🎙️Hayden Adams Podcast (4/6): https://shows.banklesshq.com/p/-uniswap-hayden-adams 🧢 Weekly Action Recap (4/3): https://shows.banklesshq.com/p/-rollup-visa-on-eth-snl-nft-skit 🗞️Weekly Rollup (4/2): https://newsletter.banklesshq.com/p/ethereum-visa-weekly-recap-526 🚨 Alpha Alert: Fei Protocol: https://newsletter.banklesshq.com/p/-alpha-alert-fei-protocol-genesis 🦄 The Story of PleasrDAO (3/31): https://newsletter.banklesshq.com/p/xykan-ethereum-story ⚒️ How to Stream Money (3/30): https://newsletter.banklesshq.com/p/how-to-stream-money
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
"People Are Seeing The Writing on The Wall; DEXs Will Rule Crypto:" dYdX's Antonio Juliano
In this week’s episode we speak with Antonio Juliano, founder and CEO of dYdX, one of the biggest decentralized exchanges on Ethereum, focusing on derivatives. dYdX recently made news by being one of the first major DeFi projects to move to Layer 2.
One of the main goals for his team this year will be to further decentralize dYdX, Juliano said, from the order book to the control of their smart contracts. So yes, for those reading between the lines, that means decentralized governance, and Juliano isn’t ruling out a dYdX token. Juliano believes derivatives are going to be the biggest products in crypto and so his long-term goal is for dYdX to become one of the biggest crypto exchanges, period. He knows DEXes are just 5% of total crypto volume, but that’s up from 0% two years ago. He says, a lot of people are seeing the writing on the wall.
Big thanks to our sponsors:
Zerion, a simple interface to access and use decentralized finance
Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools at https://balancer.finance/!
Casper, an enterprise-focused blockchain which aims to introduce unprecedented security, speed and scale for businesses
Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
Can dYdX Become a Decentralized BitMEX? How It Is Scaling With StarkWare - Ep.218
Antonio Juliano, founder of the decentralized exchange dYdX, and Eli Ben-Sasson, cofounder of StarkWare, discuss the recent launch of dYdX on Ethereum layer 2 using StarkWare’s scaling technology. In this episode, they cover:
what cross-margin perpetual trading is and why dYdX chose StarkWare to be its scaling partner (1:13)
ZK rollups and how they contrast with optimistic rollups (8:49)
how many transactions per second StarkWare can handle through its layer 2 solution (16:57)
lessons learned and critical takeaways from their six months spent working together (20:15)
the similarities between Ethereum and StarkNet (26:07)
why Antonio believes that scalability is more important than composability (27:30)
the benefits of decentralized exchanges and how dYdX fits into the dex marketplace (31:54)
why dYdX chose Chainlink as its oracle provider, and how it got oracle prices onto layer 2, which previously had none (38:11)
why Cairo, StarkWare’s Turing-complete programming language and platform, can be the “one verifier to rule them all” (42:10)
what it was like for StarkWare to compete in the Great Reddit Scaling Bake-Off (45:41)
whether or not DeFi could handle a GameStop/Robinhood situation (48:56)
fair launch tokens versus VC tokens (54:12)
the likelihood of dYdX and StarkWare each creating a token (58:19)
upcoming developments and projects for both companies (1:02:14)
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla
Square: https://square.com/go/unchained
Episode Links:
Antonio Juliano
Twitter: https://twitter.com/AntonioMJuliano
Eli Ben-Sasson
Twitter: https://twitter.com/EliBenSasson
dYdX
Twitter: https://twitter.com/dydxprotocol
Website: https://dydx.exchange/
Exchange: https://alpha.dydx.exchange/trade/BTC-USD
Reading Material
Recent funding: https://www.coindesk.com/big-guns-back-10m-investment-in-defis-dydx
2020 in review: https://dydx.exchange/2020.pdf
Decrypt profile: https://decrypt.co/resources/dydx-ethereum-margin-trading-platform-explained-learn
Medium post: https://medium.com/dydxderivatives/introducing-dydx-2d0f0f326fd
StarkWare
Twitter: https://twitter.com/StarkWareLtd
Website: https://starkware.co/
Reading Material:
ZK roll-up explainer: https://medium.com/starkware/on-the-road-to-starknet-a-permissionless-stark-powered-l2-zk-rollup-83be53640880
Understanding Cairo: https://medium.com/starkware/hello-cairo-3cb43b13b209
Funding: https://www.coindesk.com/paradigm-leads-30-million-funding-for-crypto-privacy-startup-starkware
dYdX and StarkWare Relationship
Original Twitter announcement (2020):
https://twitter.com/dydxprotocol/status/1295791012552597507?s=20
The Block’s original coverage:
https://www.theblockcrypto.com/linked/75209/dex-dydx-starkware-layer-2
Layer 2 is live announcement:
https://twitter.com/dydxprotocol/status/1364591430447091719
Blog post on why dYdX is moving to Layer 2 (2021):
https://dydx.exchange/blog/alpha
CoinDesk’s coverage:
https://www.coindesk.com/defi-tech-cefi-speed-dydx-touts-new-starkware-integration
Learn more about your ad choices. Visit megaphone.fm/adchoices
DyDx founder unpacks ethereum scaling and DeFi derivatives
Decentralized derivatives exchange dYdX is expanding. After raising $10 million in Series B funding last month, the team is gearing up for its coming V3 launch.
Founder Antonio Juliano sat down with The Scoop this week to talk about where the decentralized finance (DeFi) space is going in the coming year. They could be the answer to the traditional financial system's transparency and security problems. But first, they have to scale.
Juliano told The Scoop how dYdX is handling scalability, including mitigating high gas fees. They're using ZK-Rollups, or zero knowledge proofs. These proofs take information and create a "constant sized data object" which means no matter how much data is input, the information remains the same size. The idea is that thousands of trades can be compressed into a small size to run on Ethereum, circumventing the high fees.
They're planning on launching their scaling solution in partnership with StarkWare in the next two weeks, according to Juliano. Juliano broke down dYdX's path to ZK-Rollups in this week's episode of The Scoop, along with:
Where dYdX's origins began and why it was long before the boom of DeFi.
How its flagship product, the perpetual swap, works.
Why Ethereum layer 2 scaling solutions help projects like dYdX build out their market and which solutions dYdX almost went with.
When the DeFi market might collide with the centralized markets, and how interoperability and scaling will lead the way.
This episode is brought to you by Kraken
Whether you’re an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With 50+ cryptocurrencies to choose from, industry-leading security and a wide variety of features to suit any investing strategy, Kraken puts the power in your hands to buy, sell and trade digital assets. Visit Kraken.com to get started today.
AMA#2 - Antonio Juliano, Founder of dYdX
Bankless AMA - Antonio Juliano, Founder of dYdX
Antonio Juliano, the Founder of dYdX, arrives at the Bankless Nation for an AMA!
dYdX is a non-custodial trading platform on Ethereum, featuring a lot of cutting edge trading features meant to mimic the legacy system, but in the DeFi world!
-----
GO BANKLESS WITH THESE SPONSOR TOOLS:
⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade! 🧙♀️ POLYMARKET - BET ON CRYPTO - bet your beliefs! - use it to bet on DeFi outcomes! 🌈 AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK - earn some interest!
💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY - learn about this experiment!
-----
We do AMAs every 2nd and 4th Thursday of the month.
Become a Bankless member to get access to the Zoom Webinar and ask questions to future AMA guests like Antonio directly!
Here's the video recording.
Antonio is the founder of dYdX, a popular trading, margin, and and derivatives market on Ethereum. The Bankless Nation asks him questions about:
Spot trading
Margin trading
Perpetual swaps
Borrowing & Lending
The complete dYdX stack
Regulatory Compliance, KYC
Starkware and L2's
dYdX token??
And more....
-----
Don't stop at the show!
Subscribe to the Bankless newsletter program http://bankless.substack.com/
Visit the official Bankless website for resources http://banklesshq.com/
Follow Bankless on Twitter https://twitter.com/BanklessHQ
Follow Ryan on Twitter https://twitter.com/ryansadams
Follow David on Twitter https://twitter.com/TrustlessState
Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.
How dYdX Allows You to Take a Short Position in One Token - Ep.86
Antonio Juliano, founder of dYdX, explains how this protocol for derivatives will enable you to take a short position in a single token, why they are starting with protocols shorting and margin lending and how these protocols work vs. how shorting and margin lending work today. The former employee of Coinbase also discusses how the protocol determines the prices of the assets involved, how low liquidity affects the trading of the derivatives and who dYdX's users will be. He also talks about how the company, which has raised money from Andreessen Horowitz, Polychain Capital and others, plans to make money despite not currently having a token. Plus, we discuss dYdX's plans to create protocols for derivatives that are not fully collateralized and the risks that come with that.
Thank you to our sponsor!
Blockdaemon: http://blockdaemon.com/unchained/
Interested in sponsoring Unchained or Unconfirmed? Reach out to Raelene at laurashinpodcast@gmail.com.
Episode links:
dYdX: https://dydx.exchange
Antonio Juliano: https://twitter.com/antoniomjuliano
dYdX white paper: https://whitepaper.dydx.exchange
Expo: https://www.expotrading.com
https://medium.com/dydxderivatives/introducing-expo-ffe74a328f85
Investments in dYdX: https://techcrunch.com/2018/08/03/short-ethereum/
Unchained episode about decentralized exchange protocol 0x: http://unchainedpodcast.co/will-warren-of-0x-on-why-decentralized-exchanges-are-the-future
Unchained episode about decentralized debt protocol Dharma: http://unchainedpodcast.co/nadav-hollander-on-how-dharma-could-create-new-forms-of-debt-ep80
Unchained episode about decentralized money market protocol Compound: http://unchainedpodcast.co/how-youll-earn-interest-on-your-crypto-with-compound-ep82
Unchained interview with Josh Stein of Harbor: http://unchainedpodcast.co/harbor-and-trusttoken-on-why-they-dont-mind-being-unsexy-ep77
Unchained interview with CryptoKitties: http://unchainedpodcast.co/what-makes-a-cryptokitty-worth-140000-ep75
Learn more about your ad choices. Visit megaphone.fm/adchoices