📐 DeFi｜Decentralized Perpetual Contracts
· Definition: dYdX V4’s order book is maintained and matched off-chain by validators, with trade results then recorded on-chain.
· How it works: Order-book trading is similar to the matching mechanism used by centralized exchanges, with prices formed by buyers and sellers. Pool-based trading relies on oracle pricing, so an oracle failure can directly affect trade execution.
· Reminder: On transparent on-chain platforms, the liquidation prices of large positions are publicly visible, making them easy targets. Keeping leverage in check is even more important.
$HYPE 85.65（+0.46%）
#HYPE
This is not investment advice. You are responsible for any gains or losses.
· Definition: dYdX V4’s order book is maintained and matched off-chain by validators, with trade results then recorded on-chain.
· How it works: Order-book trading is similar to the matching mechanism used by centralized exchanges, with prices formed by buyers and sellers. Pool-based trading relies on oracle pricing, so an oracle failure can directly affect trade execution.
· Reminder: On transparent on-chain platforms, the liquidation prices of large positions are publicly visible, making them easy targets. Keeping leverage in check is even more important.
$HYPE 85.65（+0.46%）
#HYPE
This is not investment advice. You are responsible for any gains or losses.