{"id":35413,"date":"2021-01-27T10:57:08","date_gmt":"2021-01-27T08:57:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35413"},"modified":"2025-08-29T01:13:08","modified_gmt":"2025-08-28T22:13:08","slug":"dydx-raises-10-million-to-develop-its-perpetual-contracts-ecosystem","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dydx-raises-10-million-to-develop-its-perpetual-contracts-ecosystem\/","title":{"rendered":"dYdX raises $10 million to develop its perpetual contracts ecosystem"},"content":{"rendered":"<p>The DEX for cryptocurrency derivatives dYdX raised $10 million following a Series B round led by Three Arrows Capital and DeFiance Capital.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">We\u2019re excited to announce that dYdX has raised a $10M Series B round led by Three Arrows Capital and DeFiance Capital! <a href=\\\"https:\/\/t.co\/uZ2wFoyv3e\\\">https:\/\/t.co\/uZ2wFoyv3e<\/a><a href=\\\"https:\/\/twitter.com\/zhusu?ref_src=twsrc%5Etfw\\\">@zhusu<\/a> <a href=\\\"https:\/\/twitter.com\/Arthur_0x?ref_src=twsrc%5Etfw\\\">@Arthur_0x<\/a> <a href=\\\"https:\/\/twitter.com\/DeFianceCapital?ref_src=twsrc%5Etfw\\\">@DeFianceCapital<\/a><\/p>\n<p>\u2014 dYdX (@dydxprotocol) <a href=\\\"https:\/\/twitter.com\/dydxprotocol\/status\/1354081884570083333?ref_src=twsrc%5Etfw\\\">January 26, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The round also included participation from Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital.<\/p>\n<p>The company will deploy the funds toward the following objectives:<\/p>\n<ul>\n<li>increase the decentralisation of the protocol;<\/li>\n<li>expand the number of supported base assets in perpetual contracts and enhance their functionality;<\/li>\n<li>forge partnerships with infrastructure players to bridge the gap between centralised and decentralised finance;<\/li>\n<li>expand into new markets, particularly in China;<\/li>\n<li>expansion of the team with highly qualified professionals.<\/li>\n<\/ul>\n<p>In February, dYdX plans to launch StarkDEX, a layer-2 solution from startup StarkWare. The aim is to reduce user costs and increase throughput. StarkDEX is based on a system of zero-knowledge proofs. The developers promise to present details soon.<\/p>\n<p>Total trading volume on dYdX for the platform&#8217;s launched instruments in 2020 rose 40-fold\u2014from $63 million to $2.5 billion. $563 million was attributed to perpetual-contract trading (in December their share of total volume reached 41%); $1.9 billion from spot\/margin trading.<\/p>\n<p>The volume of loans issued by the platform amounted to $17.4 billion.<\/p>\n<p>According to DeFi Pulse, dYdX at the time of writing sits 18th in the ranking by the volume of frozen funds, at $142 million. Among decentralized lending platforms, dYdX ranks seventh by this metric.<\/p>\n<p>In 2020, dYdX launched three perpetual contracts \u2014 on <a href=\"https:\/\/u1f987.com\/en\/news\/dydx-launches-chainlink-perpetual-contracts-market\">Chainlink (LINK)<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/dydx-launches-ethereum-perpetual-contracts-market\">Ethereum<\/a> and Bitcoin.<\/p>\n<p>Follow ForkLog on Facebook!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DEX for cryptocurrency derivatives dYdX raised $10 million in a Series B round led by Three Arrows Capital and DeFiance Capital.<\/p>\n","protected":false},"author":1,"featured_media":35414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,787,1337],"class_list":["post-35413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-dex","tag-dydx"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35413","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=35413"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35413\/revisions"}],"predecessor-version":[{"id":35415,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35413\/revisions\/35415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35414"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}