How Decentralized Is dYdX v3?
We take a look at the decentralization around the v3 of dYdX.
dYdX is a decentralized exchange (DEX) platform that offers perpetual trading options for over 35 of the most popular cryptocurrencies. It currently has over $140M in locked value and is an L2 built on the Ethereum network.
However, it has announced that the dYdX v4 will be built on the Cosmos SDK which is separate from Ethereum network. Let’s dive into what the v3 looks like and its decentralization.
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