According to Odaily Planet Daily, dYdX founder Antonio Juliano posted on X that all perps (perpetual contracts) products are basically the same, the market feels stagnant, and it is a zero-sum game.
He believes it is time to go back to basics and reimagine the creativity that DeFi + leverage can bring. The purpose of leverage trading is to increase bets; the purpose of decentralization is to put power in the hands of users.
The purpose of decentralized leverage trading is to give users the power to make large bets. The vision is taking shape and he looks forward to figuring it out with users. His biggest bet is to no longer copy what came before, but to reimagine giving users the power to make larger bets.