Building a decentralized exchange and appchain for perpetual contracts, with dYdX CEO Antonio Juliano

Lex chats with Antonio Juliano, founder and CEO of dYdX -  a
crypto derivatives trading platform that caters to professional
traders outside the U.S. It averages roughly $2 billion in daily
trading volume (Coinbase does about $5 billion). Antonio shares
his experience working at Coinbase since 2015 when Bitcoin was
dominant and Ethereum was new to the game. Together, they discuss
how decentralized exchanges and automated market makers made it
easier for individuals to provide liquidity and trade crypto
assets. Touching on dYdX's plans to deploy a Layer 1 on Cosmos,
as well as adopting a model of progressive decentralization, and
so much more!


 


MENTIONED IN THE CONVERSATION


 


dYdX's Website: https://bit.ly/3H4gHFI


Antonio's LinkedIn profile: https://bit.ly/3mRYTqz


 


Topics: blockchain, crypto, layer 2, decentralized exchange,
order book, perpetual contracts, crypto trading, rollups


 


Companies: dYdX, Ethereum, Cosmos, Coinbase, Bitcoin, FTX,
Solana, StarkNet


 


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Twitter: https://twitter.com/LexSokolin


 


 


TIMESTAMPS


 


1’22”: Antonio’s foundational experiences at Coinbase, and how
the concept of trading coins on a centralized exchange was
received at the time


 


8’57”: Breaking down the definitions, functions and directions of
decentralized exchanges, automated market makers, their order
books, and liquidity


 


14’49”: What a perpetual contract is, how it functions, what are
the limits and rules behind it and how it has evolved over time


 


24’04”: The mechanics behind the current market structure behind
selling on-chain positions, and the best practices that stemmed
from bad incidents


 


29’47”: Layer 2s - what they are relative to dYdX, what dYdX has
done with them, what the current initiatives are involving them
at dYdX, and their future


 


39’29”: The Cosmos ecosystem relative to Ethereum, and the future
of how the market structure will evolve


 


42’29”: The future of dYdX and how it will evolve over time


 


45’12”: The channels used to connect with Antonio & learn
more about dYdX


Disclaimer here — this newsletter does not provide investment
advice and represents solely the views and opinions of FINTECH
BLUEPRINT LTD.


Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella


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