News25 June 2022

dYdX! I want to go to Cosmos

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DEX dYdX decided it wasn't good enough to be without a blockchain, so they made one with a matching mechanism and an order book. Let's see what they're up to.

dYdX v4 will be developed as a standalone blockchain-L1 based on Tendermint PoS consensus and built using the Cosmos SDK. The announcement shudders at the capabilities Cosmos offers and promises classics in the form of scalability and transaction speed.

Lots of plans and innovations in general! It's worth following the link and reading for yourself. It may still be worth putting an eye on the exchange token of the same name, but without DYOR there is nothing to put, just a closer look.

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