Decentralized Crypto Exchange Platforms : dydx

Decentralized perpetuals exchange leader, dYdX, has initiated a user incentive program to enhance liquidity on its recently introduced Cosmos-based appchain, dYdX Chain. Traders engaging in the platform will be rewarded with DYDX tokens totaling $20 million over a six-month period. Chaos Labs will monitor and disqualify wash trading practices to maintain program integrity and ensure genuine participation.

This initiative coincides with the end of dYdX Chain’s beta phase, featuring initial trading pairs of BTC, ETH, SOL, and LINK, with plans to introduce additional pairs in the coming weeks. The program underscores dYdX’s commitment to fostering user engagement and liquidity on its decentralized exchange platform.

Interested partiers can visit dYdX to learn more about the new platform.

Image Credit: dYdX