87. MONEY | Black Friday Livestream: Let’s Go Shopping
Alfalfa Podcast
00:00
Decentralized Trading Is Getting More and More Interesting
The utility of DYDX is so unclear is that you just get like a trading fee reduction for holding the the token. You don't actually earn any of the protocol fees. If you hold GMX you are literally making a yield in ETH which is kind of cool but on the downside you've got some like anon team and they're skirting a bunch of regulations obviously to do that. They're kind of like two very opposite sides of the the same coin if you want to make that bet. It's very interesting after like FTX went down like my own personal use of decentralized trading protocols is like mooned and the last like week or two is like what else am I going
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