dYdX Margin Trading Protocol is Now Live on Expo Trading, Soon on Radar Relay
The dYdX Margin Trading Protocol is Now Live
After facing a lot of trials and tribulations over the past couple of months, the dYdX dev team has announced the launch of its Margin Trading protocol as well as its native ‘Expo’ module. This latest development comes only after the completion of three external audit rounds as well as other internal scrutinies.
The aforementioned Margin Trading Protocol has been designed to help customers trustlessly “lend, borrow and margin trade on any ERC20 token” — an impressive feat to say the least. Not only that, the Expo module, whose launch was also announced recently, will allow users to gain more exposure to the world of finance by allowing them to interact with the dYdX Margin Trading Protocol in a seamless manner.
At press time, Expo currently supports the Short Ethereum token — however, a long list of additional short and leveraged tokens are set to added to the system in the near future.
What Does This Latest Step Mean For dYdX?
With the launch of the Margin Trading Protocol and expo, dYdX has reached an important milestone as per its envisioned roadmap. It also serves as a first step that will allow for the creation of a decentralized financial ecosystem wherein everyone will be able to gain access to financial products in a safe and simple manner.
Other Noteworthy Announcements
- Radar Relay is soon set to launch a host of Margin Token options which will further allow enthusiasts to get a piece of this growing market action.
- To gain a better understanding of dYdX’s Expo module, the firm has asked users to send in their queries and questions to their public Slack channel. Not only that, the company is also looking to teach interested individuals about ETH and other ERC 20 assets completely free of cost. To know more, users can drop in an email at [email protected]