Episode 9 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Antonio Juliano, founding father of dYdX.
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Decentralized derivatives trade dYdX is increasing.
After elevating $10 million in Series B funding final month, the group is gearing up for its coming V3 launch. Detailing that push, founder Antonio Juliano sat down with The Scoop this week to speak about the place the decentralized finance (DeFi) house goes within the coming yr.
Platforms like dYdX might be the reply to the normal monetary system’s transparency and safety woes. However first, they need to develop.
Juliano informed The Scoop how dYdX is dealing with scalability, together with the mitigation of excessive fuel charges. They’re utilizing ZK-Rollups, which contain the deployment of zero-knowledge proofs. These proofs take info and create a “fixed sized information object” which suggests irrespective of how a lot information is enter, the knowledge stays the identical measurement. The thought is that 1000’s of trades will be compressed right into a small measurement to run on Ethereum, thereby circumventing the issue of excessive charges.
dYdX plans to launch their scaling answer in partnership with StarkWare within the subsequent two weeks, in keeping with Juliano.
Juliano broke down dYdX’s path to ZK-Rollups on this week’s episode of The Scoop, together with:
- How dYdX’s originated and why it was lengthy earlier than the increase of DeFi.
- How its flagship product, the perpetual swap, works.
- Why Ethereum layer-2 scaling options assist initiatives like dYdX construct out their market and which options dYdX thought-about for certain.
- When the DeFi market may collide with the broader market.
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