{"id":27773,"date":"2020-08-26T18:45:11","date_gmt":"2020-08-26T15:45:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27773"},"modified":"2025-08-26T23:04:13","modified_gmt":"2025-08-26T20:04:13","slug":"dydx-launches-chainlink-perpetual-contracts-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dydx-launches-chainlink-perpetual-contracts-market\/","title":{"rendered":"dYdX launches Chainlink perpetual contracts market"},"content":{"rendered":"<p>The cryptocurrency-derivatives DEX dYdX has launched Chainlink (LINK) perpetual contracts with 8x leverage.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">LINK-USD Perpetual Contract Market is live for trading. Traders can get up to 8x leverage on <a href=\"https:\/\/twitter.com\/search?q=%24LINK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LINK<\/a>, with self-custody &#038; decentralized settlement. To celebrate, we are giving traders for this market 50% off fees for the first 7 days of trading. Trade now: <a href=\"https:\/\/t.co\/ELGbm2pLxv\">https:\/\/t.co\/ELGbm2pLxv<\/a><\/p>\n<p>\u2014 dYdX (@dydxprotocol) <a href=\"https:\/\/twitter.com\/dydxprotocol\/status\/1298306676320329732?ref_src=twsrc%5Etfw\">August 25, 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 U.S. dollars and settled in the stablecoin USDC. The minimum order size is equivalent to 15 LINK, with no maximum.<\/p>\n<p>The instrument&#8217;s audit was conducted by Open Zeppelin. The choice of LINK is due to its high liquidity.<\/p>\n<p>Along with the introduction of the new perpetual contract, dYdX also integrates the USD-LINK price oracle from Chainlink.<\/p>\n<p>In the future, dYdX plans to expand its lineup of perpetual contracts.<\/p>\n<p>In dYdX also reported collaboration with the startup StarkWare to create a Layer-2 solution that is expected to increase the platform&#8217;s throughput.<\/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 in the volume of frozen funds among DeFi protocols, at $39.5 million.<\/p>\n<p>Among decentralized lending platforms, dYdX ranks fifth in this metric.<\/p>\n<p>Earlier in August dYdX <a href=\"https:\/\/u1f987.com\/en\/news\/dydx-launches-ethereum-perpetual-contracts-market\">launched<\/a> perpetual contracts on Ethereum (ETH) with 10x leverage. Perpetual contracts on Bitcoin appeared on the platform in May.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency-derivatives DEX dYdX has launched Chainlink (LINK) perpetual contracts with 8x 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":[1388,1337],"class_list":["post-27773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chainlink-link","tag-dydx"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27773","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=27773"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27773\/revisions"}],"predecessor-version":[{"id":27774,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27773\/revisions\/27774"}],"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=27773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}