What is Dydx?

dYdX is the developer of a leading non-custodial decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. The exchange combines the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.

To significantly scale trading, dYdX and StarkWare have built a Layer 2 protocol for cross-margined Perpetuals, based on StarkWare’s StarkEx scalability engine and dYdX’s Perpetual smart contracts. Traders can now trade with zero gas costs, lower trading fees, and reduced minimum trade sizes.

Traders can go long or short with 25x leverage on BTC-USD, ETH-USD, LINK-USD, UNI-USD, AAVE-USD with many markets coming soon!

How to use Dydx?

To get started, visit dYdX’s interface and enable MetaMask, which connects your Ethereum address to your dYdX account. You can access some features directly from your wallet, but be sure to fund your dYdX account to enable all trading options. You can read through the Beginner's Guide to going long or short with leverage.