{"id":36978,"date":"2021-02-24T18:15:44","date_gmt":"2021-02-24T16:15:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36978"},"modified":"2025-08-29T09:09:02","modified_gmt":"2025-08-29T06:09:02","slug":"dydx-unveils-layer-2-protocol-for-perpetual-contract-trading","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dydx-unveils-layer-2-protocol-for-perpetual-contract-trading\/","title":{"rendered":"dYdX unveils layer-2 protocol for perpetual-contract trading"},"content":{"rendered":"<p>The decentralized cryptocurrency derivatives exchange dYdX announced the <a href=\"https:\/\/dydx.exchange\/blog\/alpha\" target=\"_blank\" rel=\"noopener\">launch of a layer-2 protocol on the Ethereum mainnet<\/a>. The solution will enable cross-margin perpetual contracts trading with zero gas costs.<!--more--><\/p>\n<p>The platform pledges to cut fees and minimum trade limits, and to provide greater user privacy.<\/p>\n<p>The protocol was developed by the exchange in collaboration with the StarkWare startup, built on the StarkEx engine and a custom implementation of ZK-Rollup technology called zkSTARKS.<\/p>\n<p>The exchange launched the solution in closed-alpha testing. A full network launch is planned several weeks after stability checks.<\/p>\n<p>dYdX stressed that Ethereum&#8217;s low throughput of 15 TPS does not meet the needs of the DeFi sector.<\/p>\n<p>Initially, users will have access to perpetual swaps in BTC\/USD, ETH\/USD, and LINK\/USD pairs settled in the USDC stablecoin. The platform intends to expand the range of contracts with a focus on DeFi project tokens.<\/p>\n<p>Simultaneously with the protocol launch, the exchange carried out a rebranding and unveiled an updated interface.<\/p>\n<p>In May 2020, dYdX <a href=\"https:\/\/u1f987.com\/en\/news\/dydx-raises-10-million-to-develop-its-perpetual-contracts-ecosystem\">raised $10 million<\/a> following a Series B funding round. It was led by Three Arrows Capital and DeFiance Capital.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized cryptocurrency derivatives exchange dYdX announced the launch of a layer-2 protocol on the Ethereum mainnet. The solution will enable cross-margin perpetual contracts trading with zero gas costs.<\/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":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,787,1337],"class_list":["post-36978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-dex","tag-dydx"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36978","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=36978"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36978\/revisions"}],"predecessor-version":[{"id":36979,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36978\/revisions\/36979"}],"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=36978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}