Crypto perpetual contracts provided by decentralized derivatives change dYdX have gone stay on StarkWare, the Ethereum layer-2 scaling answer.
“With the transition to our Layer 2 protocol, we have constructed a completely new product and buying and selling system for cross-margined Perpetuals from the bottom up,” mentioned dYdX. “The product incorporates a new and improved UI, actually instantaneous buying and selling, and all of the superior options merchants count on whereas buying and selling perpetuals.”
Merchants can profit from “zero fuel prices, decrease buying and selling charges, and diminished minimal commerce sizes,” dYdX defined.
dYdX first partnered with StarkWare final August to convey Ethereum scaling to its choices; StarkWare makes use of ZK Rollups scaling know-how for its answer, which, like Optimism’s Optimistic Rollups, are being developed in a bid to unravel among the scaling challenges going through the Ethereum
Each applied sciences have their execs and cons. dYdX mentioned it selected ZK-Rollups as a result of StarkWare’s answer was already in manufacturing when it first partnered with the startup. Decentralized change DeversiFi additionally makes use of StarkWare’s answer.