The first dYdX Content Competition, hosted by dYdX Trading Inc., concluded on December 31st, 2021 at 24:00 UTC. Thank you to everyone who participated and made the competition a success! We loved seeing substantial engagement from our community regarding the competition on our Discord. We received lots of high quality submissions and a special congratulations to all the winners who have been contacted and sent their respective prizes!
As a reminder, there were four prompts: Risk, Market Structure, Retail Education & SEO. First, second and third place winners under each prompt were awarded $30,000 $USDC , $15,000 $USDC and $5000 $USDC respectively.
Our decision for choosing the winners was not easy as we received many thorough, thoughtful and creative submissions for each category. Submissions were reviewed independently by multiple members of our team to minimize biases.
Below are links to the winning submission in each category and their respective placing.
Prompt #1 - Risk:
1st Place: dYdX Risk Station - An extensive risk calculator outputting a risk synopsis, liquidation probabilities, a Monte Carlo price simulation and asset correlations based on user portfolios.
2nd Place: dYdX Risk Calculator - A risk calculator that allows users to add multiple positions to calculate the total risk for their portfolios.
3rd Place: dYdX Content Competition Risk Calculator - A risk calculator that allows users to input position, collateral, and order size to measure risk in their portfolios.
Prompt #2 - Market Structure:
1st Place: Market Structure - An article that explores the impact of order book granularity on trading behavior and what happens when different exchanges adopt inconsistent data granularity schemes.
2nd Place: Fast Markets - An article that explores how looking back at the history of tradfi can give crypto market participants an advantage.
3rd Place: Market Data - An article that explores how users can use market data to their advantage when trading crypto.
Prompt #3 - Retail Education:
1st Place: The Beginners Guide to Trading on dYdX - An interactive overview of what dYdX is, its benefits, and how to use the exchange.
2nd Place: dYdX An Introduction - An introduction to perpetual contracts, orderbook models, and dYdX’s layer 2.
3rd Place: 5 Reasons Traders Should Switch to dYdX - An overview of dYdX core features and why a trader should use it over other exchanges.
Prompt #4 - SEO:
1st Place: How to Read Candlesticks - A guide to understand the different types of common candlesticks traders look for when conducting technical analysis.
2nd Place: How to use RSI with perfect settings for swing trades - A video guide describing the RSI strategy and how to implement it on dYdX.
3rd Place: Technical Analysis of Trading Crypto - Article describing common TA patterns, market momentum, and how to size risk for your overall portfolio.
Once again, thank you to everyone who participated!
dYdX is the developer of a leading decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. We combine the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.