MATIC Is Now Listed On DYdX, A Powerful And Decentralized Perpetual Trading Exchange

MATIC has been listed on DYdX, fully decentralized perpetual exchange that gives users full control and ownership of their trading funds. DYdX is also the first decentralized exchange that has been proven to be fully operational with no downtime. DYdX is an Ethereum-based exchange that is fully decentralized and secure. It is an open-source exchange that follows an ownership model where users can trade cryptocurrency for Ether and then trade their Ether for DYdX native tokens.

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The MATIC (Mathematical) token is a cryptographic token that powers decentralized application MATIC, a decentralized and secure cryptocurrency and token exchange platform, designed for the whole crypto world.

MATIC is a new cryptocurrency that has many features that make it superior to bitcoin. This is a major development and a new step towards a truly decentralized currency that removes many of the problems that have plagued modern currency for thousands of years. Here is a short list of the many reasons why this is a breakthrough:

San Francisco, California, 14th June, 2021,

Polygon and dYdX have announced the listing of MATIC on dYdX, a Decentralized Perpetual Trading platform built on Ethereum.

dYdX is a leading decentralized exchange that currently supports perpetual, margin trading, and spot trading, as well as lending, and borrowing. dYdX runs on Ethereum and allows users to trade with no intermediaries.

You can now trade MATIC with 10X leverage, cross-margin and zero gas fees on dYdX’s high speed, secure trading infrastructure.

dYdX uses StarkWare’s zkSTARKS technology which is a form of ZK-Rollup technology that significantly increases dYdX’s trade settlement capacity, while still basing its security on the underlying Ethereum blockchain. StarkWare’s dYdX integration combines STARK proofs for data integrity with on-chain data availability to ensure a fully non-custodial protocol. Trades are settled on a Layer 2 system, which publishes Zero-Knowledge Proofs periodically to Ethereum.

The listing on dYdX will enable further liquidity of MATIC across the Ethereum ecosystem, enabling users to acquire MATIC at much lower fees and join the Polygon ecosystem.

About Polygon 

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~240M txns and ~1.5M+ unique users.

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If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

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Contacts

MATIC, formerly known as the Mastercoin protocol, is an open source distributed protocol for creating and negotiating  smart contracts, that is designed for use with digital currencies like Bitcoin and Mastercoin. DYdX is an open source decentralized perpetual trading exchange that combines a decentralised orderbook with an incentive scheme that rewards users who provide liquidity and liquidity providers who provide price discovery.. Read more about dydx funding rate and let us know what you think.

Frequently Asked Questions

Is dYdX decentralized?

No, it is not. What is the difference between dYdX and other decentralized exchanges? dYdX is a decentralized exchange but it is not a decentralized exchange.

What can you trade on dYdX?

The following are the only assets available for trading on dYdX: – Bitcoin – Ethereum – Litecoin – Ripple – Bitcoin Cash – Monero – Zcash – Dash – Stellar – Qtum – NEO – EOS – OmiseGO – IOTA – NEO/GAS – Tether – Dogecoin – Monero/Zcash – Monero/Dash – Monero/Ethereum – Monero/Litecoin – Monero/Ripple – Monero/Bitcoin – Monero/Bitcoin Cash – Monero/EOS – Monero/Qtum – Monero/NEO – Monero/Tether – Monero/OmiseGO – Monero/IOTA – Mon

What is dYdX defi?

dYdX is a decentralized exchange that allows users to trade and store digital assets. What is the dYdX token? The dYdX token is an ERC-20 standard token that users can use to pay fees on the platform.

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