In the launch announcement for our Layer 2 system, we shared our plan to launch many new markets throughout the year. Our goal is to be on par with the market selection and liquidity of top-tier centralized exchanges
Over the upcoming months, we plan to add 1-2 additional markets every week from sectors such as decentralized finance (DeFi), emerging Layer 1 blockchains, and more. To learn about our plans and for the most recent updates regarding dYdX, join our Discord.
📜 Contract Specs
AAVE-USD
Underlying market: AAVE–USD
Margin/settlement asset: $USDC
Tick size: $0.01 USD
Minimum order size: 0.1 AAVE
Quantity step: 0.01 AAVE
Expiry: Perpetual (no expiration)
Maximum leverage: 10x
Initial margin requirement: 10%
Maintenance margin requirement: 5%
Fees: See here for latest perpetual trading fees on dYdX.
Mark price for liquidations: The index price, given by Chainlink's Layer 2 AAVE-USD price feed.
Funding: Funding payments are credited or debited at the start of each hour, and are included in the realized PnL for the position. The funding premium is scaled so as to have a realization period of 8 hours (8-hour funding rate). You can read more about the funding rate calculation here: https://docs.dydx.exchange/#funding
Contract loss mechanism: Deleveraging (centralized, but verifiable insurance fund is the first backstop before deleveraging). Read more here.
Trading hours: 24 x 7 x 365
UNI-USD
Underlying market: UNI–USD
Margin/settlement asset: $USDC
Tick size: $0.001 USD
Min order size: 1 UNI
Quantity step: 0.1 UNI
Expiry: Perpetual (no expiration)
Maximum leverage: 10×
Initial margin requirement: 10%
Maintenance margin requirement: 5%
Fees: See here for latest perpetual trading fees on dYdX.
Mark price for liquidations: The index price, given by Chainlink's Layer 2 UNI-USD price feed.
Funding: Funding payments are credited or debited at the start of each hour, and are included in the realized PnL for the position. The funding premium is scaled so as to have a realization period of 8 hours (8-hour funding rate). You can read more about the funding rate calculation here.
Contract loss mechanism: Deleveraging (centralized, but verifiable insurance fund is the first backstop before deleveraging). Read more here.
Trading hours: 24 x 7 x 365
About dYdX
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