DYdX Airdrop Review: DYdX Trading, For Everyone.

by Cws Team
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About DYdX Airdrop

DYdX Airdrop is building an open platform for advanced cryptofinancial products, powered by the Ethereum blockchain. They’re building a powerful and professional exchange for trading cryptoassets where users can truly own their trades and, eventually, the exchange itself. dydx is airdropping their new governance token “DYDX” to various historical users of the platform. A total of 75,000,000 DYDX has been allocated to eligible users. The snapshot was taken on July 26th, 2021 at 00:00:00 UTC of users who have traded on dYdX protocols (perpetual, margin, spot) on Layer 2 or Layer 1 or deposited funds into dYdX’s borrow/supply pools. Eligible users need to achieve certain trading milestones to unlock the rewards. 

BasicDetails
Token Name DYdX Airdrop
PlatformETH
Total Value75,000,000 DYDX
Airdrop Start2021-07-26
KYCKYC Is Not requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

How To Join DYdX Airdrop

First Step

Visit the dydx rewards page.

Second step

Connect your ETH wallet.

Third Step

If you’re eligible, then you will see your rewards under “Allocation”.

Fourth Step

Users who have traded on dYdX protocols (perpetual, margin, spot) on Layer 2 or Layer 1 or deposited funds into dYdX’s borrow/supply pools by the snapshot time are eligible for the airdrop.

Fifth Step

The snapshot was taken on July 26, 2021, at 00:00:00 UTC.

Six Step

Eligible users need to achieve certain trading milestones as mentioned in this post on Layer 2 Perpetuals within the first 28 days of Epoch 0 to unlock the rewards. Epoch 0 went live on August 3rd, 2021 at 15:00:00 UTC and will end on August 31st, 2021 at 15:00:00 UTC.

Seven Step

Unlocked rewards can be claimed from September 8th, 2021 at 15:00:00 UTC.

Eight Step

For more information regarding the airdrop and trading milestones, see this post.

The wait is over, Layer 2 is here

Low fees, no gas costs

Once you deposit to Layer 2, you will no longer pay fees to miners for each transaction.

Lightning quick

Trades are executed instantly and confirmed on the blockchain within hours.

Fast withdrawals

Unlike other platforms, there is no wait required to withdraw your funds from Layer 2.

Mobile friendly

We’ve redesigned the exchange from the ground up, so you can use it from any device.

Secure & private

StarkWare’s Layer 2 solution provides increased security & privacy via zero-knowledge rollups.

Cross-margining

Access leverage across positions in multiple markets from a single account.

Trading, for everyone.

They are building an open platform for advanced cryptofinancial products, powered by the Ethereum blockchain.

A next generation exchange.

We’re building a powerful and professional exchange for trading cryptoassets where users can truly own their trades and, eventually, the exchange itself.

Empowering traders, worldwide.

Few have access to advanced tools & products in the existing financial system. They believe in empowering more traders, in more places, with powerful, transparent, and fair financial products.

Why DYDX

Ethereum can process around 15 transactions per second (TPS), which is not enough to support the hypergrowth of DeFi, NFTs, and more. While Ethereum 2.0 will theoretically boost network speeds to 100,000 TPS, base layer scaling is still a while away. In the meantime, Layer 2 scaling solutions — in the forms of Rollups – free up Ethereum’s base layer by offloading execution, leading to reduced gas costs and increased throughput without increasing network load. StarkWare’s dYdX integration combines STARK proofs for data integrity with on-chain data availability to ensure a fully non-custodial protocol.

Disclaimer:

Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.

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