{"id":26900,"date":"2020-08-05T16:49:51","date_gmt":"2020-08-05T13:49:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26900"},"modified":"2025-08-26T17:23:46","modified_gmt":"2025-08-26T14:23:46","slug":"dydx-launches-ethereum-perpetual-contracts-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dydx-launches-ethereum-perpetual-contracts-market\/","title":{"rendered":"dYdX launches Ethereum perpetual contracts market"},"content":{"rendered":"<p>The dYdX cryptocurrency derivatives DEX has launched Ethereum (ETH) perpetual contracts with 10x leverage.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">The ETH-USD Perpetual Contract is live for trading on dYdX. For the first time, traders can get up to 10\u00d7 leverage on their <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> without converting to any other token. This gives traders the simplest way to gain leverage in <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\">#DeFi<\/a>.<\/p>\n<p>Trade now: <a href=\"https:\/\/t.co\/3Jw1YhsDxG\">https:\/\/t.co\/3Jw1YhsDxG<\/a> <a href=\"https:\/\/t.co\/AiONtIx3SI\">pic.twitter.com\/AiONtIx3SI<\/a><\/p>\n<p>\u2014 dYdX (@dydxprotocol) <a href=\"https:\/\/twitter.com\/dydxprotocol\/status\/1290696535634841600?ref_src=twsrc%5Etfw\">August 4, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Contracts are quoted in US dollars but settled in the base asset \u2014 ETH.<\/p>\n<p>The platform team says that, because ETH underpins the DeFi ecosystem, users will welcome another use case for the asset.<\/p>\n<p>The ETH perpetual market operates similarly to the Bitcoin-based one that dYdX launched earlier.<\/p>\n<p>The minimum order size is $200; there is no maximum. The market price for liquidating a contract is determined by MakerDAO&#8217;s Oracle V2 oracle, which uses spot market data from six exchanges: Binance, Bitfinex, Bitstamp, Coinbase Pro, Gemini and Kraken.<\/p>\n<p>According to <a href=\"https:\/\/defipulse.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi Pulse<\/a>, dYdX, at the time of writing, ranks 14th by frozen-asset volume among DeFi protocols, with $40.2 million. The leader, MakerDAO, tops a billion.<\/p>\n<p>Among decentralized lending platforms, dYdX ranks fifth by this metric.<\/p>\n<div id=\"attachment_106597\" style=\"width: 830px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-106597\" class=\"wp-image-106597 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-88.jpg\" alt=\"DeFi-\u043f\u043b\u0430\u0442\u0444\u043e\u0440\u043c\u0430 dYdX \u0437\u0430\u043f\u0443\u0441\u0442\u0438\u043b\u0430 \u0440\u044b\u043d\u043e\u043a \u0431\u0435\u0441\u0441\u0440\u043e\u0447\u043d\u044b\u0445 \u043a\u043e\u043d\u0442\u0440\u0430\u043a\u0442\u043e\u0432 \u043d\u0430 Ethereum\" width=\"820\" height=\"298\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-88.jpg 820w, https:\/\/u1f987.com\/wp-content\/uploads\/1-88-300x109.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-88-768x279.jpg 768w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/p>\n<p id=\"caption-attachment-106597\" class=\"wp-caption-text\">Data: DeFi Pulse.<\/p>\n<\/div>\n<p>In April, dYdX surpassed $1 billion in loans issued over the year.<\/p>\n<p>Subscribe to Forklog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dYdX cryptocurrency derivatives DEX has launched Ethereum (ETH) perpetual contracts with 10x leverage.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1337,46],"class_list":["post-26900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-dydx","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26900"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26900\/revisions"}],"predecessor-version":[{"id":26901,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26900\/revisions\/26901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}