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dYdX: Why It’s THE TOP Trading DEX 📈

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⏰ Time Stamps ⏰

1:39 What’s dYdX?
3:20 Margin Buying and selling Options
6:40 Lending on dYdX
7:50 Borrowing on dYdX
9:25 Margin Buying and selling Walkthrough
12:23 Buying and selling & Lending Walkthrough
13:47 Borrowing Walkthrough
14:43 Charges on dYdX
16:30 Buying and selling Bots at dYdX
20:15 dYdX vs. DAI vs. Synthetix vs. Compound Finance


📺 Different Movies 📺

► Multicollateral DAI:
► Synthetix:
► Compound Finance:


⛓️ 🔗 Challenge Hyperlinks 🔗 ⛓️

► Web site:
► GitHub:
► Docs:
► Twitter:
► Telegram:
► Weblog:
► Reddit:


📰 Sources 📰

► DeFi Pulse:
► MakerDAO:
► Synthetix:
► Compound Finance:
► Liquidation Cash:


📝 dYdX Overview 📝

dYdX is a non-custodial decentralised crypto change or Dex. You possibly can lend, borrow and commerce on margin. It is an open supply buying and selling protocol that was constructed on the Ethereum protocol and is powered by good contracts.

Provided that it’s non-custodial, it implies that nobody else however you’re answerable for your personal keys. Buying and selling is completed by connecting your Ethereum wallets to the change.

It was began again in 2017 who raised over $10 million in seed funding from some well-known VC funds. It went dwell in 2019 and there may be at the moment slightly below 19 million {dollars} locked into the protocol.

📈️ Dex Margin Buying and selling 📈

At dYdX the protocol is open supply. Absolutely auditable good contracts alter leverage ratios, unlock margin and if want be – liquidate positions.

You have got remoted after which you will have cross margin at dYdX.

Remoted margin is the mechanism that you’re more than likely fairly aware of. It’s the place you’ll “isolate” a selected quantity of your funds as a part of a commerce with a selected leverage stage.

Nevertheless, cross margin is one thing completely different. This utilises all belongings that you’ve in your account. It takes into consideration your mixed place in your account when figuring out leverage and limits.

In the case of buying and selling pairs, you will have ETH DAI, ETH USDC and DAI USDC.

🤝 Lending 🤝

If you end up lending your crypto out on dYdX, it’s being lent out to different customers on the platform and you’re incomes an curiosity on that deposit. This curiosity is earned on a steady foundation.

That is additionally comparatively risk-free lending as a result of the dYdX protocol ensures that the debtors are overcollateralized. There aren’t any restrictions on the deposits.

💰 Borrowing 💰

Borrowing on dYdX may be finished as much as a minimal collateralization ratio of 125%. Something under this stage and you can not borrow anymore crypto. And, as soon as that ratio hits 115%, your commerce shall be liquidated.

Those that are liquidated must pay a liquidation price of 5% . That is finished to be able to be sure that debtors maintain their accounts nicely collateralised and firmly above the liquidation stage.

👨‍💻️ Buying and selling Charges 👨‍💻

Buying and selling was unlock till not too long ago. Nevertheless, given fuel prices the staff has instituted a maker taker price schedule. This might assist them cowl a few of these prices.

Those that are making markets and offering liquidity will get a decrease fee than those that are taking it off the e-book. Within the case of dYdX, makers may have 0 charges and takers shall be charged a couple of share factors.

🤖 Buying and selling Bots 🤖

dYdX has constructed fairly easy consumer and buying and selling API that can permit you to construct buying and selling bots. Very similar to you’ll be able to construct bots that work together with the massive centralised exchanges, you’ll be able to develop them right here to commerce on-chain at dYdX.

You may as well develop a bot that may assist with place liquidation. This implies which you could make as much as 5% serving to to liquidate these positions which can be undercollateralised.


📜 Disclaimer 📜

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any specific final result.

#dydx #defi #dex #buying and selling #erc20 #swap #change #ethereum

Source: Coin Bureau

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28 Responses

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  2. Hey hey !!! Could you make a follow up review on dydx please !! My plan is Coinbase wallet with the dapp function using dydx !! Seems interesting and all in one !! Would be nice to see how good Coinbase wallet and dydx functions together.
    All the best from Portugal 🇵🇹
    ( Layer 2 ) ??! 🙏😅🚀

  3. Control your money? As if paranoia was the driving force for everybody. Regulatory bs – maybe sometimes good for safety and security? I often think cryptos were invented and are promoted by darknet to support fraud and antistate paranoia.

  4. You should do some analysis into the L2 DEX 'Leverj'…. Way ahead of the curve at the moment offering 100x leverage on several different perpetual instruments. Currently only has a marketcap of 14mil with a circulating supply of 275mil tokens. Extremely undervalued. Why wait around for a testnet in dYdX when theres already a fully operational exchange in Leverj

  5. He's always been handsome but I swear he gets more handsome in each video. Maybe it's just the effect of someone who is good at giving you information to help you grow a ton of 💰

  6. why don't the other dex let you use your visa card to buy crypto from it ? It seems like in order for me to use a dex I have to purchase Cryptocurrency previously from a centralized exchange from the beginning , could you explain ? I keep watching videos on it but it dont make sense??? How can I buys from a dex using my wallet (cold storage) if I cannot add onto my cold storage with out using a centralized exchange in the first place doesn't that defits the purpose . Someone please explain

  7. You should definitely check out Unimex which is releasing in early December. Margin trading platform built on top of uniswap, it is the first of its kind….

  8. I'm staking $1500 in YEX and I've been getting around $450/month profit. They have a DEX exchange with stop-loss and an upcoming BTC/ETH pair, as well as a planned YEX debit card. Price has doubled over the past few days, check out telegram for more info @yolex_io

  9. Bitcoin Broker, Great video and thanks for all the great info. Definitely agree with the previous comment that your interaction with your audience is magnificent and sets you apart from your competition 👍. I subscribed and I'm sure you will have a larger following that thinks the same.

  10. great video Guy. You should compare those Dexes with nash.io non-custodian cross chain L2 dex with fast order book and registered security token giving dividends. Problem with current Defi is that is only good for ETH

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