Wootrade to bring institutional liquidity to dYdX and their leading DeFi derivatives platform


On April 6th, dYdX launched its Layer 2 Ethereum-based platform for decentralized perpetual swaps. The platform is built on StarkWare’s zero-knowledge Layer 2 solution, bringing speed and gas-free transactions to traders seeking a leveraged trading environment. Layer 2 gives dYdX a performance similar to centralized trading platforms, minus the custodial risk. As one of the earliest DeFi participants, the dYdX team has a deep understanding of the industry and has built a strong community of users and builders, backed by the top partners in the space.