Polygon and dYdX have announced the listing of MATIC on dYdX, a Decentralized Perpetual Trading platform built on Ethereum.
dYdX is a leading decentralized exchange that currently supports perpetual, margin trading, and spot trading, as well as lending, and borrowing. dYdX runs on Ethereum and allows users to trade with no intermediaries.
You can now trade MATIC with 10X leverage, cross-margin and zero gas fees on dYdX’s high speed, secure trading infrastructure.
dYdX uses StarkWare’s zkSTARKS technology which is a form of ZK-Rollup technology that significantly increases dYdX’s trade settlement capacity, while still basing its security on the underlying Ethereum blockchain. StarkWare’s dYdX integration combines STARK proofs for data integrity with on-chain data availability to ensure a fully non-custodial protocol. Trades are settled on a Layer 2 system, which publishes Zero-Knowledge Proofs periodically to Ethereum.
The listing on dYdX will enable further liquidity of MATIC across the Ethereum ecosystem, enabling users to acquire MATIC at much lower fees and join the Polygon ecosystem.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~240M txns and ~1.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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