Episode 9 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Antonio Juliano, founding father of dYdX.
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Decentralized derivatives trade dYdX is increasing.
After elevating $10 million in Series B funding final month, the workforce is gearing up for its coming V3 launch. Detailing that push, founder Antonio Juliano sat down with The Scoop this week to speak about the place the decentralized finance (DeFi) area goes within the coming 12 months.
Platforms like dYdX could possibly be the reply to the standard monetary system’s transparency and safety woes. However first, they should develop.
Juliano advised The Scoop how dYdX is dealing with scalability, together with the mitigation of excessive gasoline charges. They’re utilizing ZK-Rollups, which contain the deployment of zero-knowledge proofs. These proofs take info and create a “fixed sized information object” which implies irrespective of how a lot information is enter, the data stays the identical dimension. The thought is that hundreds of trades will be compressed right into a small dimension to run on Ethereum, thereby circumventing the issue of excessive charges.
dYdX plans to launch their scaling answer in partnership with StarkWare within the subsequent two weeks, based on Juliano.
Juliano broke down dYdX’s path to ZK-Rollups on this week’s episode of The Scoop, together with:
- How dYdX’s originated and why it was lengthy earlier than the increase of DeFi.
- How its flagship product, the perpetual swap, works.
- Why Ethereum layer-2 scaling options assist initiatives like dYdX construct out their market and which options dYdX thought of for certain.
- When the DeFi market may collide with the broader market.
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