dYdX founder: Reimagining the potential of DeFi + leverage
dYdX founder Antonio Juliano stated in a post on X that all perpetual contract products are basically the same, and he is tired of it. The market feels stagnant and it's a zero-sum game. We can compete and try to move users from CeFi perps to DeFi perps, but I now realize that this is not the focus. I believe it's time to go back to the basics and reimagine what creativity DeFi + leverage can bring. What is the purpose of leveraged trading? To increase bets; what is the purpose of decentralization? To put power in your hands, not mine. So what is the purpose of decentralized leveraged trading? It's to give users the power to make large bets. What does this product look like? The vision is forming, but I look forward to figuring this out with the users. My biggest bet is no longer to replicate what has been done before, but to reimagine giving users the power to increase their bets."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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