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How to use DYDX Market and the History behind it (English subtitles)

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📝 dYdX Overview 📝
dYdX is a decentralised margin trading protocol built on the Ethereum blockchain. The protocol allows users to lend, borrow and make bets on the future price of crypto assets through its decentralised exchange (DEX), and its ultimate goal is to bring trading tools normally found in traditional markets, such as forex and stocks, to the blockchain environment.



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While on the surface it might seem like any other Ethereum-based lending and borrowing protocol, dYdX is actually trying to take DeFi to the next logical step in its development. In fact, while decentralised lending and borrowing protocols have existed on the Ethereum network for quite some time now (think Compound), the Ethereum ecosystem overall still lacks in advanced margin trading tools and protocols, and this is precisely where dYdX comes in.

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