Episode 9 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Antonio Juliano, founding father of dYdX.
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Decentralized derivatives change dYdX is increasing.
After elevating $10 million in Series B funding final month, the crew is gearing up for its coming V3 launch. Detailing that push, founder Antonio Juliano sat down with The Scoop this week to speak about the place the decentralized finance (DeFi) house goes within the coming yr.
Platforms like dYdX may very well be the reply to the normal monetary system’s transparency and safety woes. However first, they must develop.
Juliano advised The Scoop how dYdX is dealing with scalability, together with the mitigation of excessive gasoline charges. They’re utilizing ZK-Rollups, which contain the deployment of zero-knowledge proofs. These proofs take data and create a “fixed sized knowledge object” which suggests regardless of how a lot knowledge is enter, the data stays the identical dimension. The concept is that hundreds of trades might be compressed right into a small dimension to run on Ethereum, thereby circumventing the issue of excessive charges.
dYdX plans to launch their scaling answer in partnership with StarkWare within the subsequent two weeks, in line with Juliano.
Juliano broke down dYdX’s path to ZK-Rollups on this week’s episode of The Scoop, together with:
- How dYdX’s originated and why it was lengthy earlier than the increase of DeFi.
- How its flagship product, the perpetual swap, works.
- Why Ethereum layer-2 scaling options assist initiatives like dYdX construct out their market and which options dYdX thought-about for certain.
- When the DeFi market may collide with the broader market.
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