# dYdX > DeFi's Pro Trading Platform dYdX offers decentralized perpetual trading with deep liquidity, high leverage, and non-custodial security on its dedicated blockchain. dYdX operates a decentralized exchange specialized in perpetual contracts, enabling users to trade cryptocurrency derivatives with leverage up to 25x. Built on a dedicated Cosmos SDK-based blockchain, the platform features an off-chain order book maintained by validators, combining centralized exchange performance with decentralized security. Users maintain self-custody of assets while accessing advanced order types, funding rates, and cross-margin trading across various markets. - Type: Company - Sector: Finance - Status: Active - Founded: 2017-01-01 - Profile: https://thegrid.id/profiles/dydx ## Products - [dYdX Chain](https://thegrid.id/profiles/dydx): dYdX Chain operates as an independent Layer 1 blockchain built with Cosmos SDK and Tendermint Proof-of-Stake consensus. The blockchain facilitates perpetual contract and spot trading through a fully decentralized order book and matching engine, processing transactions with validators securing the network through DYDX token staking. (L1, Live, Main Product) - [dYdX v3](https://thegrid.id/profiles/dydx): dYdX v3 operates as an Ethereum Layer 2 trading protocol using StarkWare scaling technology. The system enables perpetual contract trading through smart contracts deployed on Ethereum mainnet with off-chain order matching and on-chain settlement for trade execution and position management. (Decentralised Exchange, Live) ## Assets - [dYdX (DYDX)](https://thegrid.id/profiles/dydx): DYDX is the native token of dYdX Chain, a Layer 1 blockchain built with the Cosmos SDK. It is used for staking to secure the network, voting on governance proposals, and earning trading fee discounts. Stakers earn rewards in USDC generated from trading fees rather than from token inflation, aligning validator incentives directly with the protocol's trading activity and revenue. (Native) - [Ethereum dYdX (ethDYDX)](https://thegrid.id/profiles/dydx): ethDYDX is the original ERC-20 governance token of dYdX v3 deployed on Ethereum. It was used for governance and staking until the token bridge to dYdX Chain closed. The bridge closure left unbridged ethDYDX without utility, as all governance rights and staking functionality migrated to the native DYDX token on dYdX Chain. (Governance) - [Wrapped Ethereum dYdX (wethDYDX)](https://thegrid.id/profiles/dydx): wethDYDX is a wrapped ERC-20 token that served as the intermediate step in the one-way migration bridge from ethDYDX on Ethereum to native DYDX on dYdX Chain. It was used to facilitate the token migration, with holders receiving DYDX on the destination chain in return. Following a governance vote, the bridge ceased operations in June 2025, permanently locking any wethDYDX sent to the smart contract without crediting DYDX on the destination chain. (Wrapped Tokens) ## Links - [Terms of Service](https://dydx.trade/terms) - [Main](https://www.dydx.xyz) - [Documentation](https://docs.dydx.community) - [Blog](https://www.dydx.xyz/blog) - [Forum](https://dydx.forum) - [Media Kit/branding](https://www.dydx.foundation/brand) - [Governance](https://dydx.community/dashboard) - [LinkedIn](https://www.linkedin.com/company/dydx) - [YouTube](https://www.youtube.com/@dYdXprotocol) - [Discord](https://discord.com/invite/dydx) - [Twitter / X](https://x.com/dydx) - [Reddit](https://www.reddit.com/r/dydxprotocol) - [GitHub](https://github.com/dydxprotocol) - [Twitter / X](https://x.com/dYdXFoundation) ## Legal This data is provided under two licensing models. Model 1 - open data. 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