Episode 8 - How the First Decentralized Perpetual Swap for BTC Launched on Ethereum with Zhuoxun Yin

In Episode 8 of the Ethereal Podcast, DeFi Dad interviews Head of Strategy and Business Operations at dYdX, Zhuoxun Yin.

The dYdX team has been a leader in building the most dominant decentralized margin trading platform on Ethereum. In May 2020, they launched the first decentralized perpetual swap with 10X leverage for BTC-USDC on Ethereum. We discuss with Zhuoxun how dYdX has made it their mission to build more performant products to attract traders to DEXs and how they made the decision to launch, what is now the top decentralized perpetual market for BTC on Ethereum. We dig into the history of of crypto perpetual markets and what it will take to convince traders on the world's largest centralized perpetual markets like Bitmex to switch to a decentralized, self-custody trading experience with dYdX.

To learn more about dYdX and their spot, margin, and perpetuals trading markets, visit dydx.exchange and follow the @dydxprotocol on Twitter.

Ask questions in the dYdX Telegram channel at https://t.me/dydxofficial.

Follow Zhuoxun Yin on Twitter at @ZhuoxunYin.

*Read The Integral blog by the dYdX team Comparing Perpetual Markets: https://integral.dydx.exchange/comparing-perpetual-markets/
*Read The Integral blog by the dYdX team Understanding Perpetual Marketing Funding: https://integral.dydx.exchange/understanding-perpetual-market-funding/
*Watch dYdX's CEO Antonio Juliano speak on a DeFi panel at Ethereal Virtual Summit 2020 here: https://www.youtube.com/watch?v=A669uiDiCE8
*Check out DeFi Dad's review using the dYdX trading platform: https://twitter.com/DeFi_Dad/status/1262804398184566792?s=20