dYdX is an decentralized derivatives exchange that operates on a Starkware Layer 2 ZK-Rollup, offering a variety of margin trading and perpetual options.

dYdX is a decentralized exchange built on the Ethereum layer 2 system, StarkWare, incorporating zero-knowledge proofs (ZK) for enhanced security, decentralization, and privacy.

Perpetual trading is the core feature of dYdX, enabling users to participate in open markets using non-expiring contracts. In contrast to other DEXs like Uniswap, dYdX does not rely on Automated Market Makers for trading. Instead, it employs a traditional orderbook + matching model, catering to the requirements of institutional traders.

This unique approach allows investors to maintain their buy or sell positions for an unlimited duration until specific trade conditions are met. With perpetual trading on dYdX, users can enjoy greater flexibility and strategic decision-making in their trading activities.

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dYdX to Undergo Hard Fork