DYDX

What is dYdX?

dYdX is a non-custodial, decentralized exchange (DEX) and derivative trading platform built on a collection of Ethereum Layer‑2 chains, including StarkEx and upcoming StarkNet deployment. It was launched in 2017 and relaunched its V4 protocol in 2023 — designed to offer perpetual futures, margin trading, spot, and lending/borrowing in a resilient and transparent smart contract environment .

V4 runs completely on StarkNet, delivering ultra-low gas costs, instant trade execution, and robust non-custodied user control. dYdX’s L2 orderbook replicates centralized experiences with off-chain matching and on-chain settlement, combining performance with trust minimisation . Governance via the $DYDX DAO and revenue-sharing staking further decentralizes incentives.

Key Features

• Perpetual Futures & Spot Trading: 10x-25x leverage with deep liquidity and sub-second execution.
• Non-Custodial L2 Engine: User retains ownership until on-chain settlement.
• Gas-Efficient Settlements: Aggregated batch proofs on StarkNet reduce cost significantly.
• Staking & Revenue Sharing: Traders can stake $DYDX tokens for trading fee rebates.
• DAO Governance: Community-led decisions affecting fee schedules and product roadmap.

Enterprise Use Cases

• Hedge Execution Strategies: Institutions can run programmatic trading on V4 via dYdX’s REST API.
• Leverage Accounting: Trades, funding payments, and liquidations appear with timestamps—ideal for margin bookkeeping.
• Non-Custodial Reconciliation: On-chain settlement enforces finality documented within ledgers.
• Compliance & Audit Logging: User trade records and DAO fees create immutable audit trails.
• Integrated Revenue Recognition: Staking rewards and withdrawn yield flow into accounting systems.

By connecting with Cryptoworth’s cost‑basis calculator and accounting tools, dYdX transaction bundles—including futures P&L, funding payments, and staking rebates—are reconciled automatically. Finance teams gain real-time PNL visibility, margin accounting clarity, and accurate tax reporting-ready outputs.

Frequently Asked Questions

Can Cryptoworth compute margin P&L on dYdX perpetuals?

Yes. Trade, funding, and liquidation data from dYdX is ingested to calculate realized and unrealized P&L, funding cost, and margin balances for ledger reporting.

How is non-custodial settlement reconciled?

dYdX’s StarkNet settlement events are tagged within Cryptoworth, ensuring that settled trades appear as journal entries with on-chain credibility.

Can I track staking rewards from $DYDX?

Yes. Staked $DYDX and fee rebates are captured and logged as income in the accounting system via Cryptoworth integrations.

Does dYdX support cross-chain financial reporting?

Yes. Transactions and settlements on Ethereum, StarkEx, and StarkNet are merged into unified financial reports for seamless portfolio management.