Technical Demo: Antonio Juliano, Founder of dYdX
summary
dYdX launches a LINK perpetual that uses USDC/USDT as collateral, trades on a central order book of cryptographically signed orders to avoid per-trade gas, and supports up to 8x leverage. Price tracking stays within ~0.5% of the underlying and a dynamic funding rate keeps the synthetic aligned. Liquidations use the Chainlink oracle price. A StarkWare layer‑2 rollup is planned to cut on‑chain gas ~100x and add cross‑margining; the demo shows the product live and functioning.
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chapters (14)
- 0:00Start
- 1:51Trade with Leverage
- 2:43How It Works under the Hood
- 8:46How Do the How Well Do the Dydx Perpetuals Track the Price of the Underlines
- 12:21Central Matching
- 13:55Is There any Non-Public Trading Data Emitted from Dydx That's Monetized
- 16:49Risk for Trading with Leverage
- 18:39Placing a Stop Order
- 18:54Stop Orders
- 19:49Trailing Stop Order
- 20:38Types of Products
- 22:22Order Book and Limit Orders
- 29:21How Centralized Is the Ownership Structure of Uidx Itself
- 30:09Do Transactions Ever Get Dropped
