Charles d'Haussy: dYdX V4 – Decentralised Perpetual Exchange on a Cosmos Appchain. Ep. 521
Leading decentralised perpetual exchange, dYdX recently migrated to Cosmos to build its own sovereign appchain, in order to provide its users a much better trading experience, while continuing to deliver DeFi innovations (e.g. permisionless markets). By having full control over the appchain’s parameters, the dYdX DAOs can shape the future of the protocol, starting from the very bedrock, ensuring proper distribution and incentives for the validator set. From early adopter of L2 zero knowledge proofs (STARKs), to building its own Cosmos appchain, dYdX has proven once again to be a trailblazer for new technologies.
We were joined by Charles d’Haussy, CEO of dYdX Foundation, to discuss dYdX V4’s recent migration to a Cosmos appchain and what challenges it solves in terms of: order book decentralisation, validator distribution and user experience.
Topics discussed in this episode:
0:00 – Introduction
1:15 – Charles’ background, from Asia to CEO of dYdX
5:05 – dYdX’s history and V4’s transition to a Cosmos appchain
15:47 – How perpetual futures work
20:58 – dYdX supported assets and permissionless markets
29:24 – DeFi innovations vs. CEX UX
36:16 – The current state of dYdX V4’s alpha mainnet
39:31 – dYdX validator dynamics & order book decentralisation
46:43 – dYdX’s DAOs & governance
50:15 – Mitigating MEV (feat. Skip Protocol)
55:13 – Migrating to Cosmos
58:45 – Astropolis
1:06:30 – The intersection of crypto & AI
Links mentioned in this episode:
– Charles d’Haussy on Twitter: https://bit.ly/49yLIhZ
– dYdX on Twitter: https://bit.ly/3QUeUZx
– dYdX Foundation on Twitter: https://bit.ly/3QTPISU
– Charles’ Astroprolis Keynote (Cosmoverse Istanbul): https://www.youtube.com/watch?v=QIZ2t-K-M4E
– Cosmos on Twitter: https://bit.ly/3PcqYEo
This episode is hosted by Sebastien Couture & Meher Roy. Show notes and listening options: https://epicenter.tv/521
#dYdX #Cosmos #futurestrading
by Epicenter Podcast
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