Decentralized Crypto Exchange Kicks Off Contest in Pursuit of Real Alpha
— Result, Event, Dao, Measured, Profits made —, Working, Product people, Growth lead, Public, Public “ good way — 1 min read
dYdX Trading on Wednesday kicked off its first trading competition on the cryptocurrency protocol. The buy-in is $2,500 worth of the stablecoin USDC, an amount they receive back — along with any profits made — after the event. The DEX also plans to hold a series of Twitter Spaces to clue the public in on how the best traders “think about market moves,” an executive told Blockworks. The launch comes as crypto markets continue to wobble, having lost trillions of dollars in market capitalization since their record highs, following the demise of Terra stablecoins UST and, more recently, the collapse of insolvent crypto lenders, including Celsius and Voyager. The team is also working on the next iteration of its native protocol. Source