How do decentralized perpetual contracts work? Many people can’t answer!
dYdX has run on its own blockchain, built using the Cosmos SDK, since V4.
On-chain doesn’t mean risk-free: contract vulnerabilities, oracle issues, the cross-chain bridge used for deposits, and slippage when liquidity is insufficient all need to be taken into account.
Understanding how it works can help you avoid some pitfalls, but it’s no substitute for position management.
$HYPE 79.85 (-2.01%)
dYdX has run on its own blockchain, built using the Cosmos SDK, since V4.
On-chain doesn’t mean risk-free: contract vulnerabilities, oracle issues, the cross-chain bridge used for deposits, and slippage when liquidity is insufficient all need to be taken into account.
Understanding how it works can help you avoid some pitfalls, but it’s no substitute for position management.
$HYPE 79.85 (-2.01%)