dYdX offers new integration with StarkWare Decentralized fi | Top DeFi
dYdX offers new integration with StarkWare
Decentralized finance (DeFi) trading platform dYdX is now adapting users to a new version of its platform built on StarkWare Cairo software.
Perpetual cross-margin contracts are now available for early registration with zero gas fees thanks to a proprietary implementation of the Tier 2 solution. Previously, the exchange relied directly on the Ethereum core network, which has become more painful due to the ever-increasing cost of transaction fees.
dYdX lists BTC/USD and ETH/USD perpetual contracts, lending, spot and margin trading. The total locked-in value of the platform (TVL) is $250 million.
StarkWare's implementation relies on cryptographic innovations to increase speed by moving heavy computation off the grid.
DeFi follows the idea of rebuilding the infrastructure of financial services and moving it into a fully decentralized structure, removing the need for third parties such as companies and governments. ...
