dYdX
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dYdX — Private blockchain testnet on Cosmos
dYdX reported the launch of a private testnet of their blockchain on Cosmos.
During this private network test, DYDX will focus on building validators and performing network updates. The validators will also test some key trading features of the exchange.
#dYdX #CryptonResearchBot
During this private network test, DYDX will focus on building validators and performing network updates. The validators will also test some key trading features of the exchange.
#dYdX #CryptonResearchBot
Antonio Juliano, CEO of dYdX, hints at significant developments within the company, with the community speculating about a possible resignation. 🤔📈 #dYdX #AntonioJuliano #CryptocurrencyNews
Polkadot Firm; dYdX Joins Cosmos as Everlodge Investors Express Confidence
Post By: CryptosHeadlines.com
The crypto market had a strong October, with Bitcoin reaching $35,000. Other cryptocurrencies like Polkadot (DOT) and Cosmos (ATOM) also saw weekly gains. Additionally, analysts are optimistic about Everlodge (ELDG).Polkadot introduced approximately 99 million DOT tokens into circulation on October 24. Surprisingly, the price of DOT has remained stable, thanks in part to the ongoing uptrend in the altcoin market throughout October.
Polkadot’s Price Stability and Future Prospects
In October, Polkadot (DOT) showed strong price stability. By October 30, it had risen by 4.33% on the weekly chart and 5.32% on the monthly chart, reaching $4.32. However, despite the positive market trend, DOT didn’t quite break the $5 mark.
The future of DOT’s price is uncertain, even with the plans for Polkadot 2.0. This cryptocurrency has endured several bearish cycles in the past.
Notably, the United States Securities and Exchange Commission (SEC) hasn’t classified DOT as an unregistered security. This could provide long-term support for the coin.
dYdX Launches Standalone Blockchain on Cosmos
On October 26, dYdX introduced its “alpha mainnet” on a standalone blockchain built on Cosmos. This marks a significant move for the decentralized derivatives platform and is a positive development for the Cosmos network, which has had its challenges.
While ATOM prices dropped to a low of $6.19 in 2023 on October 19, they have since rebounded to $7.56 by October 30. Despite the recent dip, analysts maintain an optimistic outlook, predicting that the coin may reach $8.34 by the end of 2023.
Everlodge: Transforming Real Estate with Affordable NFTs
Everlodge is on a mission to create a user-friendly and cost-effective marketplace for real estate. It’s connected to the vast $280 trillion real estate market and has a relatively low market capitalization.
While popular platforms like Polkadot and Cosmos have gained attention, analysts believe Everlodge is just starting its journey towards a potential bull run.
To enhance security, Everlodge utilizes smart contracts to store property information. Luxury properties are also divided into smaller, tradable non-fungible tokens (NFTs) to increase accessibility. This means that even those with limited funds can invest in valuable properties with as little as $100. Early adopters are already reaping the benefits.
The platform’s native token, ELDG, is currently available at $0.023 during the ongoing presale. However, supporters anticipate that the token’s value will increase by December, primarily due to the project’s unique features.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Polkadot #dYdX #CosmosChain
The crypto market had a strong October, with Bitcoin reaching $35,000. Other cryptocurrencies like Polkadot (DOT) and Cosmos (ATOM) also saw weekly gains. Additionally, analysts are optimistic about Everlodge (ELDG).Polkadot introduced approximately 99 million DOT tokens into circulation on October 24. Surprisingly, the price of DOT has remained stable, thanks in part to the ongoing uptrend in the altcoin market throughout October.
Polkadot’s Price Stability and Future Prospects
In October, Polkadot (DOT) showed strong price stability. By October 30, it had risen by 4.33% on the weekly chart and 5.32% on the monthly chart, reaching $4.32. However, despite the positive market trend, DOT didn’t quite break the $5 mark.
The future of DOT’s price is uncertain, even with the plans for Polkadot 2.0. This cryptocurrency has endured several bearish cycles in the past.
Notably, the United States Securities and Exchange Commission (SEC) hasn’t classified DOT as an unregistered security. This could provide long-term support for the coin.
dYdX Launches Standalone Blockchain on Cosmos
On October 26, dYdX introduced its “alpha mainnet” on a standalone blockchain built on Cosmos. This marks a significant move for the decentralized derivatives platform and is a positive development for the Cosmos network, which has had its challenges.
While ATOM prices dropped to a low of $6.19 in 2023 on October 19, they have since rebounded to $7.56 by October 30. Despite the recent dip, analysts maintain an optimistic outlook, predicting that the coin may reach $8.34 by the end of 2023.
Everlodge: Transforming Real Estate with Affordable NFTs
Everlodge is on a mission to create a user-friendly and cost-effective marketplace for real estate. It’s connected to the vast $280 trillion real estate market and has a relatively low market capitalization.
While popular platforms like Polkadot and Cosmos have gained attention, analysts believe Everlodge is just starting its journey towards a potential bull run.
To enhance security, Everlodge utilizes smart contracts to store property information. Luxury properties are also divided into smaller, tradable non-fungible tokens (NFTs) to increase accessibility. This means that even those with limited funds can invest in valuable properties with as little as $100. Early adopters are already reaping the benefits.
The platform’s native token, ELDG, is currently available at $0.023 during the ongoing presale. However, supporters anticipate that the token’s value will increase by December, primarily due to the project’s unique features.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Polkadot #dYdX #CosmosChain
dYdX — The results of the vote to reduce trading rewards
In the recent dYdX management vote, 91.6% of the community supported the decision to reduce trading fees by 45%, from $2,876,712 $DYDX to $1,582,192 $DYDX .
The surplus of $1,294,520 DYDX will accumulate in the treasury, but the community can take an on-chain vote and distribute these funds differently.
#dYdX #CryptonResearchBot
The surplus of $1,294,520 DYDX will accumulate in the treasury, but the community can take an on-chain vote and distribute these funds differently.
#dYdX #CryptonResearchBot
Exploring dYdX: The Decentralized Exchange Revolution
IntroductionThe world of #decentralized finance (DeFi) has experienced a meteoric rise in recent years, and one platform that has played a pivotal role in this ascent is #dydx . dYdX is a decentralized exchange that provides users with the ability to trade various digital assets, including cryptocurrencies and tokens, in a secure and permissionless manner. In this article, we will dive into the workings of dYdX and explore its significance in the ever-evolving landscape of DeFi.The Birth of dYdX#dYdX was founded by Antonio Juliano in 2017, and it quickly gained recognition as a leading decentralized exchange in the DeFi space. The platform is built on the $ETH blockchain, which means it benefits from the security and transparency of the $ETH network.Key Features of dYdX1. Margin Trading: One of dYdX's standout features is its support for margin trading. Users can leverage their positions by borrowing assets from the dYdX lending pool, allowing them to amplify their trading strategies. This feature has been instrumental in attracting both professional traders and cryptocurrency enthusiasts to the platform.2. Lending and Borrowing: dYdX functions as a lending and borrowing platform, allowing users to earn interest by lending their digital assets to others. This facilitates a more efficient use of crypto assets, as idle holdings can be put to work through lending, generating passive income for users.3. Perpetual Contracts: dYdX offers perpetual contracts, a unique derivative product that tracks the price of an underlying asset without an expiration date. Traders can speculate on the future price movements of cryptocurrencies without the constraints of traditional futures contracts.4. Non-Custodial: dYdX is a non-custodial platform, meaning users have full control of their assets at all times. They trade directly from their wallets without the need to deposit funds into the platform, reducing the risk of hacking or loss of assets.5. High Liquidity: dYdX has become known for its high liquidity, which is crucial for traders who need to execute large orders with minimal slippage.The Significance of dYdX1. DeFi Pioneer: dYdX was at the forefront of the DeFi movement, pioneering many features that are now commonplace in the industry. It has contributed to the rapid development and adoption of decentralized finance protocols and applications.2. Open and Permissionless: dYdX adheres to the principles of open finance, offering a permissionless platform that allows anyone with an internet connection to access its services. This is in stark contrast to traditional financial systems that often exclude large portions of the global population.3. Financial Inclusion: By providing the tools for margin trading, lending, and borrowing, dYdX contributes to financial inclusion by empowering users to take control of their financial futures. Users can access a wide range of financial services without relying on traditional banks or intermediaries.4. Compliance and Regulation: It's important to note that dYdX has taken steps to address regulatory concerns. As the DeFi landscape evolves, it has adapted to incorporate features to adhere to compliance requirements in different jurisdictions while still maintaining the essence of decentralized finance.ConclusiondYdX has established itself as a key player in the DeFi space, offering a wide range of services that cater to both traders and long-term investors. Its commitment to openness, security, and financial inclusion has made it a go-to platform for those looking to participate in the DeFi revolution.As the #DeFi sector continues to evolve, dYdX's role in shaping the future of decentralized finance is likely to become even more significant. It's a platform to watch for anyone interested in the exciting and rapidly expanding world of blockchain-based finance.#Smile48904
Derivatives-based DEXs #dYdX , #GMX & #Perpetual usage has risen over the past 2 years.
#crypto2023 #bearorbull
#crypto2023 #bearorbull
The release of the source code for the dYdX Chain is a significant development, highlighting the project's shift from being Ethereum-based to a Cosmos-based proof-of-stake protocol. This transition allows DYDX token holders to participate in network governance, providing a more decentralized approach to exchange operation. It's a noteworthy step towards further decentralization and user participation in the dYdX ecosystem. The fact that the existing dYdX platform will continue to operate as normal during this transition period ensures a smooth transition for users and participants. 🌐💱 #dYdX #Cosmos #blockchain #decentralization
dYdX (DYDX) DYDX is intended for the dYdX community to manage the layer-2 protocol. DYDX provides joint control of the protocol, enabling traders, liquidity providers and dYdX partners to work together on an advanced protocol.
#dYdX #BTC #crypto2023 #Binance #protocol
#dYdX #BTC #crypto2023 #Binance #protocol
The Block reported that dYdX (DYDX), a decentralized cryptocurrency derivatives exchange, has launched the mainnet beta of its self-developed mainnet DYdX Chain based on Cosmos (ATOM). The mainnet supports trading using 20x leverage in 33 pools. Even in the beta stage, transaction fees generated on the chain are distributed to validators. dYdX plans to conduct updates through governance voting before the official launch of the mainnet in the future. The alpha mainnet version of dYdX Chain was initially launched on October 27th. 🌐💱 #dYdX #DYDXChain #Cosmos #Cryptocurrency
$BTC #dYdX
The decentralized digital assets lending and borrowing project dYdX and Noble, an Open Financial Framework for cross-chain transfers are proud to announce their new initiatives. Circle, a leader in the stablecoin and transfer space, has created a CCTP (Circle Cross-Chain Transfer Protocol) integration with Noble and dYdX Chains. This technology will allow instant transfer of USDC from other networks to dYdX Chain, creating faster and more efficient cross-chain payments and transfers.
This new initiative is part of a larger initiative to make the world of transfer and payments faster and more efficient. On Nov. 3, Circle’s CCTP tech was available on Noble’s testnet and will launch on the network’s mainnet on Nov. 28. With this new innovation, customers will now be able to move USDC transfers from other networks to dYdX Chain’s layer one in a secure, trustless, and efficient manner. Moreover, the protocol introduces asset sovereignty for the user, meaning that all assets are always under the user’s control.
The dYdX team believes this new initiative will help to further financial inclusion and bridge the gap between traditional banking and the still young but rapidly growing world of digital assets. Moreover, this new initiative will help to unlock increased liquidity for dYdX’s products and services. Moving forward, Circle, Noble, and dYdX invite others in the blockchain space to be a part of this initiative, and create a more smooth, secure, and trustless environment for users.
The partnership between these three leaders in the blockchain space further affirms the potential of their technologies. With the launch of Circle’s CCTP in just a few weeks, it is only a matter of time before we begin to see the benefits of faster and more efficient transfers in the digital asset world.
The decentralized digital assets lending and borrowing project dYdX and Noble, an Open Financial Framework for cross-chain transfers are proud to announce their new initiatives. Circle, a leader in the stablecoin and transfer space, has created a CCTP (Circle Cross-Chain Transfer Protocol) integration with Noble and dYdX Chains. This technology will allow instant transfer of USDC from other networks to dYdX Chain, creating faster and more efficient cross-chain payments and transfers.
This new initiative is part of a larger initiative to make the world of transfer and payments faster and more efficient. On Nov. 3, Circle’s CCTP tech was available on Noble’s testnet and will launch on the network’s mainnet on Nov. 28. With this new innovation, customers will now be able to move USDC transfers from other networks to dYdX Chain’s layer one in a secure, trustless, and efficient manner. Moreover, the protocol introduces asset sovereignty for the user, meaning that all assets are always under the user’s control.
The dYdX team believes this new initiative will help to further financial inclusion and bridge the gap between traditional banking and the still young but rapidly growing world of digital assets. Moreover, this new initiative will help to unlock increased liquidity for dYdX’s products and services. Moving forward, Circle, Noble, and dYdX invite others in the blockchain space to be a part of this initiative, and create a more smooth, secure, and trustless environment for users.
The partnership between these three leaders in the blockchain space further affirms the potential of their technologies. With the launch of Circle’s CCTP in just a few weeks, it is only a matter of time before we begin to see the benefits of faster and more efficient transfers in the digital asset world.
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Revolutionizing Cosmos: dYdX, Circle, and Noble Unveil Seamless USDC Transfers
In a groundbreaking collaboration, dYdX, in partnership with Circle and Noble, is set to transform the trading landscape within the Cosmos ecosystem. Through the integration of Circle's CCTP (Cross-Custody Transfer Protocol), this initiative promises to simplify USDC transfers, eliminating the need for custodial bridging. Launching on November 28, this development holds the potential to enhance the trading experience on Cosmos significantly. In this article, we'll provide a comprehensive tutorial on how this collaboration improves the trading experience, delve into the evolution of stablecoins like USDC since 2012, and share insights on the implications for the future growth of the Cosmos ecosystem.
Improving the Trading Experience on Cosmos:
Currently, within the #Cosmos ecosystem, protocols often use wrapped tokens to facilitate the trading of stablecoins like USDC. However, this process involves custodial bridging, which can be cumbersome and presents potential security concerns. With the integration of Circle's CCTP by dYdX, this collaboration aims to streamline USDC transfers, offering a more seamless and secure trading experience on Cosmos. Users can expect faster transactions and reduced complexities, allowing for a more efficient and user-friendly trading environment.
The Evolution of Stablecoins and Cryptocurrency Transactions:
To appreciate the significance of this collaboration, it's essential to understand the evolution of stablecoins like USDC and the transformative changes in cryptocurrency transactions since 2012. Stablecoins, pegged to fiat currencies like the US dollar, provide a stable value, bridging the volatility gap often associated with cryptocurrencies. Since 2012, stablecoins have become integral to the crypto ecosystem, offering a reliable means of transacting value and serving as a gateway for broader adoption.
The Future of Cosmos Ecosystem Growth:
The integration of Circle's CCTP by dYdX not only improves the current trading experience on Cosmos but also holds promising implications for the ecosystem's future growth. The availability of native USDC liquidity without the need for custodial bridging could attract more users and projects to the Cosmos network. This development positions Cosmos as a more attractive and user-friendly platform for decentralized finance (DeFi) activities, potentially fostering increased adoption and expanding the ecosystem's overall footprint.
The collaboration between dYdX, Circle, and Noble to streamline USDC transfers on Cosmos represents a pivotal moment in the evolution of decentralized finance. By eliminating the complexities associated with custodial bridging, this initiative enhances the trading experience within the Cosmos ecosystem. As stablecoins continue to play a crucial role in the cryptocurrency landscape, the integration of Circle's CCTP by dYdX signifies a significant step forward in making decentralized trading more accessible and efficient. The implications for the future growth of the Cosmos ecosystem are promising, as native USDC liquidity becomes readily available, inviting a broader audience to participate in the Cosmos journey.
#dYdX
Improving the Trading Experience on Cosmos:
Currently, within the #Cosmos ecosystem, protocols often use wrapped tokens to facilitate the trading of stablecoins like USDC. However, this process involves custodial bridging, which can be cumbersome and presents potential security concerns. With the integration of Circle's CCTP by dYdX, this collaboration aims to streamline USDC transfers, offering a more seamless and secure trading experience on Cosmos. Users can expect faster transactions and reduced complexities, allowing for a more efficient and user-friendly trading environment.
The Evolution of Stablecoins and Cryptocurrency Transactions:
To appreciate the significance of this collaboration, it's essential to understand the evolution of stablecoins like USDC and the transformative changes in cryptocurrency transactions since 2012. Stablecoins, pegged to fiat currencies like the US dollar, provide a stable value, bridging the volatility gap often associated with cryptocurrencies. Since 2012, stablecoins have become integral to the crypto ecosystem, offering a reliable means of transacting value and serving as a gateway for broader adoption.
The Future of Cosmos Ecosystem Growth:
The integration of Circle's CCTP by dYdX not only improves the current trading experience on Cosmos but also holds promising implications for the ecosystem's future growth. The availability of native USDC liquidity without the need for custodial bridging could attract more users and projects to the Cosmos network. This development positions Cosmos as a more attractive and user-friendly platform for decentralized finance (DeFi) activities, potentially fostering increased adoption and expanding the ecosystem's overall footprint.
The collaboration between dYdX, Circle, and Noble to streamline USDC transfers on Cosmos represents a pivotal moment in the evolution of decentralized finance. By eliminating the complexities associated with custodial bridging, this initiative enhances the trading experience within the Cosmos ecosystem. As stablecoins continue to play a crucial role in the cryptocurrency landscape, the integration of Circle's CCTP by dYdX signifies a significant step forward in making decentralized trading more accessible and efficient. The implications for the future growth of the Cosmos ecosystem are promising, as native USDC liquidity becomes readily available, inviting a broader audience to participate in the Cosmos journey.
#dYdX