dYdX V4 Review: Is It Ready for Perpetual Traders?
dYdX V4 is a decentralized perpetual-trading platform on its own Cosmos SDK chain. The basic product is identifiable, but key details about costs, custody and security remain unclear.
By the SkyBitcoins review team · Updated
At a glance
dYdX V4 key facts
| Category | Derivatives |
|---|---|
| Product | Decentralized perpetual-trading platform |
| Chain | dYdX; built with the Cosmos SDK |
| Token | DYDX |
| Audits | No audits listed |
| Value locked | $70.8M+1.3% 7d |
| Updated |
dYdX V4 FAQs
What is dYdX V4?
dYdX V4 is a decentralized crypto platform for perpetual trading, running on the dYdX chain. That chain is built with the Cosmos SDK.
Which chain and token does dYdX V4 use?
The platform is associated with the DYDX token, and its chain is called dYdX. Check that you are using the token and network intended for your transaction before transferring funds.
What does it cost to trade on dYdX V4?
Trading fees and funding costs are not published in the details available for this review. Check the live trading interface and market terms before opening a position; perpetuals can also lead to losses from leverage and funding payments.
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How we checked
Sources
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