DYDX
Before integration, please read the documentation on the official website. If you have any questions, you can send a request to support.
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- Integrated Revenue Recognition: Staking rewards and withdrawn yield flow into accounting systems.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.
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