dYdX is one of the most popular decentralized exchanges (DEXs) in the world. Using dYdX, people can trade and swap cryptocurrency without needing to trust a third party, such as a central exchange.
DYDX is a governance token, which allows the dYdX community of traders, partners, and liquidity providers, to collaborate on shaping the future of the dYdX protocol and network. DYDX provides a strong ecosystem that revolves around governance, staking, and rewards. Each of these are designed to encourage the growth and decentralized of the dYdX exchange. The community hopes that this will translate to a better user experience.
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