San Francisco, California, 14th June, 2021,
Polygon and dYdX have introduced the itemizing of MATIC on dYdX, a Decentralized Perpetual Trading platform constructed on Ethereum.
dYdX is a number one decentralized alternate that at present helps perpetual, margin buying and selling, and spot buying and selling, in addition to lending, and borrowing. dYdX runs on Ethereum and permits customers to commerce with no intermediaries.
You can now commerce MATIC with 10X leverage, cross-margin and 0 fuel charges on dYdX’s excessive pace, safe buying and selling infrastructure.
dYdX makes use of StarkWare’s zkSTARKS know-how which is a type of ZK-Rollup know-how that considerably will increase dYdX’s commerce settlement capability, whereas nonetheless basing its safety on the underlying Ethereum blockchain. StarkWare’s dYdX integration combines STARK proofs for information integrity with on-chain information availability to make sure a totally non-custodial protocol. Trades are settled on a Layer 2 system, which publishes Zero-Knowledge Proofs periodically to Ethereum.
The itemizing on dYdX will allow additional liquidity of MATIC throughout the Ethereum ecosystem, enabling customers to accumulate MATIC at a lot decrease charges and be a part of the Polygon ecosystem.
Polygon is the primary well-structured, easy-to-use platform for Ethereum scaling and infrastructure growth. Its core part is Polygon SDK, a modular, versatile framework that helps constructing and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium and many others and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling options have seen widespread adoption with 400+ Dapps, ~240M txns and ~1.5M+ distinctive customers.
If you are an Ethereum Developer, you are already a Polygon developer! Leverage Polygon’s quick and safe txns in your Dapp, get began here.