Bankless AMA#2 - Antonio Juliano, Founder of dYdX
Aug 28, 2020
Antonio Juliano, founder of dYdX, shares insights on his journey from Coinbase to building a leading decentralized trading platform on Ethereum. He discusses the intricacies of margin and perpetual trading, emphasizing their risks and benefits. Juliano also addresses challenges like gas fees and U.S. regulations while showcasing dYdX's innovative solutions and future scalability plans. With a focus on community governance and potential upgrades, he paints a picture of the future of decentralized finance that's both exciting and accessible.
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Accidental Entry to Crypto
- Antonio Juliano's introduction to crypto was unconventional, starting with a software engineering job at Coinbase without prior crypto knowledge.
- Impressed by the team's passion for Bitcoin, he took a leap of faith, despite his family's initial uncertainty.
Ethereum's Impact
- Juliano's true crypto "aha moment" came with Ethereum, realizing its potential as a paradigm shift in computing.
- Initially a Bitcoin maximalist at Coinbase, he saw Ethereum's smart contracts as revolutionary, democratizing access to financial tools.
DYdX Product Suite
- DYdX offers a suite of financial products: spot trading, lending, borrowing, margin trading, and perpetual trading.
- Margin trading uses borrowed funds to amplify gains or losses, while perpetuals are synthetic contracts that don't expire, tracking underlying asset prices.