As a result of inbound requests regarding the Three Arrows Capital situation, we have decided to address it publicly to our community to debunk any concerns or rumors currently circulating. Based on current market conditions and chatter in the public domain, it is important to us as an organization to continue being fully transparent with our community.
While Three Arrows Capital invested in dYdX, our liquidity and exchange operations have not been and will not be affected by current or future developments involving Three Arrows Capital. As always, we are available to address any additional concerns from our community and we will continue to be transparent on all things 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.