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The dYdX Boom | Antonio Juliano (10/6)

Oct 6, 2021

Antonio Juliano, Co-founder of dYdX and former Coinbase engineer, shares the remarkable ascent of dYdX, which now eclipses Coinbase in trading volume. They delve into the game-changing Layer 2 solutions and how these innovations have fueled the platform's perpetual swaps and liquidity. Juliano contrasts dYdX and Coinbase, emphasizing the appeal for experienced traders, and discusses future strategies for decentralization and governance. He also hints at an exciting trading competition to engage the community.

01:18:34

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Episode guests

Antonio Juliano

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Episode notes

Intro

3min

From Unmotivated to Ethereum Advocate

8min

Contrasting Crypto Platforms: DYDX vs. Coinbase

32min

dYdX Growth and Exchange Strategies

5min

Decentralization Strategy for DYDX

27min

Exploring the Role of Fiat On-Ramps and a Competitive Trading Opportunity

2min

Navigating Risks and Embracing Opportunities in Crypto

2min

Save 10% on dYdX trading fees! https://trade.dydx.exchange/r/bankless ------ In September 2021, dYdX did more trade volume than Coinbase for the first time. The growth in the scaled trading protocol has been astounding, and this has been no coincidence. dYdX has pioneered Layer 2 solutions along with Starkware's ZK Rollup, and the result has been an explosion of perpetual swaps and deep liquidity pools on dYdX's native rollup.

Antonio Juliano returns to Bankless to discuss the parabolic growth of dYdX, the plans for its governance & utility token, and the future of decentralized derivatives.

State of the Nation is livestreamed on Tuesdays at 11am PT / 2pm ET.

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------ Topics Covered:

0:00 Intro 8:30 Antonio Juliano of dYdX 11:06 dYdX vs. Coinbase 15:50 Who's Trading? 19:09 Behind the Success 24:31 Layer 2 & TVL 32:40 Order Book 38:45 The Largest Exchange 42:03 Competing with FTX 47:30 Decentralization 52:58 The DeFi Spectrum 57:20 Pioneering Scale & Layer 2 1:04:48 Ethereum Layer 1 1:07:48 Regulatory 1:12:41 Successful dYdX 1:16:10 Closing & Disclaimers

------ Resources:

Antonio on Twitter: https://twitter.com/AntonioMJuliano?s=20 dYdX: https://dydx.exchange/ How to Trade: https://newsletter.banklesshq.com/p/how-to-trade-on-the-dydx-rollup How to Earn: https://newsletter.banklesshq.com/p/a-guide-to-earning-on-dydx

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures

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