Building a decentralized exchange and appchain for perpetual contracts, with dYdX CEO Antonio Juliano

<p>Lex chats with Antonio Juliano, founder and CEO of dYdX -  a crypto derivatives trading platform that caters to professional traders outside the U.S. It averages roughly $2 billion in daily trading volume (Coinbase does about $5 billion). Antonio shares his experience working at Coinbase since 2015 when Bitcoin was dominant and Ethereum was new to the game. Together, they discuss how decentralized exchanges and automated market makers made it easier for individuals to provide liquidity and trade crypto assets. Touching on dYdX's plans to deploy a Layer 1 on Cosmos, as well as adopting a model of progressive decentralization, and so much more!</p><p> </p><p>MENTIONED IN THE CONVERSATION</p><p> </p><p>dYdX's Website: https://bit.ly/3H4gHFI</p><p>Antonio's LinkedIn profile: https://bit.ly/3mRYTqz</p><p> </p><p>Topics: blockchain, crypto, layer 2, decentralized exchange, order book, perpetual contracts, crypto trading, rollups</p><p> </p><p>Companies: dYdX, Ethereum, Cosmos, Coinbase, Bitcoin, FTX, Solana, StarkNet</p><p> </p><p>ABOUT THE FINTECH BLUEPRINT</p><p> </p><p>🔥Subscribe to the Fintech Blueprint newsletter to stay at the forefront of Fintech and DeFi: https://bit.ly/3hyhlC2</p><p> </p><p>🤝 Partner with Fintech Blueprint through sponsorships: https://bit.ly/3UZllsV</p><p> </p><p>👉 Twitter: https://twitter.com/LexSokolin</p><p> </p><p> </p><p>TIMESTAMPS</p><p> </p><p>1’22”: Antonio’s foundational experiences at Coinbase, and how the concept of trading coins on a centralized exchange was received at the time</p><p> </p><p>8’57”: Breaking down the definitions, functions and directions of decentralized exchanges, automated market makers, their order books, and liquidity</p><p> </p><p>14’49”: What a perpetual contract is, how it functions, what are the limits and rules behind it and how it has evolved over time</p><p> </p><p>24’04”: The mechanics behind the current market structure behind selling on-chain positions, and the best practices that stemmed from bad incidents</p><p> </p><p>29’47”: Layer 2s - what th