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news-imageOctober 30, 2024

dYdX lays off 35% of staff shortly after major Consensys cuts

The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.
Publisher: Cointelegraph
Sentiment: Negative
DYDX

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Positive
cover-imageCrypto Economy
November 18, 2024

dYdX Announces Unlimited Trading and New Rewards Program

TL;DR dYdX launches Unlimited, an update that allows the instant creation of perpetual futures markets without the need for governance approvals. The new MegaVault feature provides immediate liquidity to new markets, allowing users to earn passive yields by depositing USDC.

Positive
cover-imageCoingape
November 14, 2024

Exploring dYdX Unlimited's Potential Impact on the Decentralized Trading Market

Popular decentralized exchange (DEX) dYdX — currently offering perpetual trading options for over 35 popular cryptocurrencies — is set to unveil its most ambitious upgrade yet. Labeled ‘dYdX Unlimited,' the update will feature a number of comprehensive enhancements that promise to offer traders increased flexibility while simultaneously providing them with new passive income streams.

Negative
cover-imageInvezz
October 30, 2024

After ConsenSys job cuts, dYdX reduces workforce by 35%

Decentralized exchange platform dYdX has announced a 35% reduction in its workforce as it embarks on a strategic overhaul led by returning CEO Antonio Juliano. Juliano, who resumed leadership on October 10 after a six-month hiatus, cited a need for a leaner, more focused team to steer the company through mounting industry challenges.

Positive
cover-imageCoingape
October 29, 2024

dYdX Price Jumps 5% Despite Major Layoffs Of 35% Core Team

The decentralized derivatives platform dYdX recently announced that it had laid off 35% of its workforce, including core team members. Despite the workforce reduction, the price of the platform's native token, dydx, rose by 5.56%, as traders reacted positively to the restructuring news.

Negative
cover-imageCryptopolitan
October 29, 2024

DYDX lays off 35% of its core team

DYDX, the firm that is developing an on-chain crypto derivatives exchange has let go of 35% of its core team. Chief executive officer Antonio Juliano announced on Tuesday that the decision was essential to align the company's structure with its evolving needs.

Positive
cover-imageThe Currency Analytics
October 22, 2024

Top Altcoins to Consider for the Upcoming AltSeason

The cryptocurrency market continues to recover, with Bitcoin holding steady at around $69,000 and Ethereum reclaiming the $2,700 mark, investors are buzzing with excitement. Many analysts believe we are on the cusp of a significant Altcoin Season, where mid-cap and small-cap altcoins could see explosive growth.

Positive
cover-imageBitcoin
October 16, 2024

Dydx Launches Trump Election Perpetual Trading Market

The decentralized finance (defi) platform Dydx has introduced a new prediction market allowing traders to speculate on Donald Trump's chances in the 2024 U.S. presidential election. The decentralized platform enables users to leverage positions in a perpetual trading market tied to election results.

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