DYDX

1. Project introduction

dYdX is a decentralized derivative trading protocol, using off-chain matching and on-chain settlement mechanism to enable a more transparent and safer trading process. The mechanism also provides a high speed and capacity.

As leading decentralized derivative trading platform, dYdX has clear advantages:

(1) Low transaction fees and no-gas transaction;

(2)High deposit and withdraw speed - there is almost no waiting time on Layer 2 transaction;

(3) Safety and privacy - Using Zero-Knowledge Proof, StarkWare technology improves the network safety and privacy;

(4) On the trading side, dYdX can execute a trade immediately and confirm it within several hours. dYdX also adopts cross-margin system that one account can access different trading positions.

2. Team introduction

Linkedin: https://www.linkedin.com/company/dydx/

3. Investment institution

Delphi Ventures, MHS Holding, Three arrows capital, Brain Armstrong, hashed,a16z,etc

4. Application and distribution

Token application:

DYDX is the governance token of the protocol, allowing token holders to vote. Other use cases includes trading fee discount, staking on liquidity pool and insurance pool. By staking on these pools, token holders can participate on the protocol operation and obtain DYDX token as rewards.

Token distribution:

(Initial 5 Years)

Investors: 27.7%

User Trading Rewards: 25.9%

Employees & Consultants of dYdX Trading or Foundation: 15.3%

Liquidity Provider Rewards: 7.5%

Retroactive Rewards: 7.5%

Future Employees & Consultants of dYdX Trading or Foundation: 7.0%

Community Treasury: 5.0%

Safety Staking Pool: 2.5%

Liquidity Staking Pool: 2.5%

(10 Years Inflation)

Investors: 25.1%

User Trading Rewards: 22.7%

Employees & Consultants of dYdX Trading or Foundation: 13.8%

Community Treasury Inflation: 9.3%

Liquidity Provider Rewards: 6.8%

Retroactive Rewards: 6.8%

Future Employees & Consultants of dYdX Trading or Foundation: 6.3%

Community Treasury: 4.5%

Safety Staking Pool: 2.3%

Liquidity Staking Pool: 2.3%