DYDX is an innovative trading platform with margin features. The platform is decentralized and built on the Ethereum blockchain. Major coins such as BTC, ETH, SOL, DOT can be exchanged and traded with margin options. DYDX is the platform's governance and utility token. DYDX is a DEX standing out with margin features. The platform is built on Ethereum with a layer-2 solution which allows users to benefit from lower costs on transactions.
With a total market cap of over $343 million, dYdX is the No. 87 cryptocurrency by market size. The currency symbol for dYdX is DYDX and it originated in the United States. dYdX is the token issued by the dYdX platform. There will only ever be 1 billion dYdX tokens issued. So far 175 million tokens (17.6% of the total supply) have been issued.
We found crypto protocols offering up to 4.1% APY on dYdX deposits (0% APY CeFi, 4.1% APY DeFi) and loans as low as 11.6% APY against dYdX used as collateral. Check out our dYdX staking yields table and dYdX loan rates table for further details.
The technical price analysis for dYdX below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of dYdX.
QIs it possible to stake dYdX to generate passive income?
AYes, staking is available for dYdX on a number of platforms. For a full list of dYdX staking yields see our list of dYdX staking yields.
QHow much can I earn staking dYdX?
AYou can earn up to 4.1% APY by staking your dYdX tokens. Check out our dYdX staking yields table for further details.
QWhere is the best place to stake dYdX?
ARight now the best staking rates are on Uniswap with an income rate of up to 4.1% APY.
QWhat is the difference between CeFi and DeFi staking rates for dYdX?
AThe best CeFi staking rate that we could find for dYdX is on Coinbase with an income rate of up to 0% APY and the best DeFi staking rate is on Uniswap with an income rate of up to 4.1% APY.
QIs it a good time to buy dYdX?
AYou can check the technical indicators for dYdX on the dYdX Price Trend tab. These indicators are based on the analysis of multiple trading signals for dYdX.
QWhere is the best place to buy dYdX?
AYou can find the cheapest exchange on which to buy dYdX on the dYdX Buy tab.
QCan you get a dYdX loan without collateral?
AAlmost all dYdX loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is dYdX flash loans which allow you to borrow uncollateralised dYdX for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all dYdX loans on the dYdX Loans tab.
QWhich venture capital firms have invested in dYdX?
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