The launch of dYdX V4’s complete source code marks the start of a fully decentralized perpetual trading platform. Their latest V4 iteration was launched as a Cosmos-based appchain, representing a migration from being an Ethereum L2. However, the upcoming $DYDX unlocks throw a wrench in the celebrations. More than 45% of $DYDX circulating supply worth $360.0M is set to be unlocked, with investors receiving the largest allocation at 25% of circulating supply worth $199.7M.
dYdX V4: A Cushion for Heavy Unlocks
dYdX V4: A Cushion for Heavy Unlocks
dYdX V4: A Cushion for Heavy Unlocks
The launch of dYdX V4’s complete source code marks the start of a fully decentralized perpetual trading platform. Their latest V4 iteration was launched as a Cosmos-based appchain, representing a migration from being an Ethereum L2. However, the upcoming $DYDX unlocks throw a wrench in the celebrations. More than 45% of $DYDX circulating supply worth $360.0M is set to be unlocked, with investors receiving the largest allocation at 25% of circulating supply worth $199.7M.