Building a decentralized exchange and appchain for perpetual contracts, with dYdX CEO Antonio Juliano

The Fintech Blueprint

Lex chats with Antonio Juliano, founder and CEO of dYdX - a crypto derivatives trading platform that caters to professional traders outside the U.S. It averages roughly $2 billion in daily trading volume (Coinbase does about $5 billion). Antonio shares his experience working at Coinbase since 2015 when Bitcoin was dominant and Ethereum was new to the game. Together, they discuss how decentralized exchanges and automated market makers made it easier for individuals to provide liquidity and trade crypto assets. Touching on dYdX's plans to deploy a Layer 1 on Cosmos, as well as adopting a model of progressive decentralization, and so much more!

MENTIONED IN THE CONVERSATION

dYdX's Website: https://bit.ly/3H4gHFI

Antonio's LinkedIn profile: https://bit.ly/3mRYTqz

Topics: blockchain, crypto, layer 2, decentralized exchange, order book, perpetual contracts, crypto trading, rollups

Companies: dYdX, Ethereum, Cosmos, Coinbase, Bitcoin, FTX, Solana, StarkNet

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TIMESTAMPS

1’22”: Antonio’s foundational experiences at Coinbase, and how the concept of trading coins on a centralized exchange was received at the time

8’57”: Breaking down the definitions, functions and directions of decentralized exchanges, automated market makers, their order books, and liquidity

14’49”: What a perpetual contract is, how it functions, what are the limits and rules behind it and how it has evolved over time

24’04”: The mechanics behind the current market structure behind selling on-chain positions, and the best practices that stemmed from bad incidents

29’47”: Layer 2s - what they are relative to dYdX, what dYdX has done with them, what the current initiatives are involving them at dYdX, and their future

39’29”: The Cosmos ecosystem relative to Ethereum, and the future of how the market structure will evolve

42’29”: The future of dYdX and how it will evolve over time

45’12”: The channels used to connect with Antonio & learn more about dYdX

Disclaimer here — this newsletter does not provide investment advice and represents solely the views and opinions of FINTECH BLUEPRINT LTD.

Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella

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