Epicenter brings you in-depth conversations about the technical, economic and social implications of cryptocurrencies and blockchain technologies. Every week, we interview business leaders, engineers academics and entrepreneurs, and bring you a diverse spectrum of opinions and points of view. Epicenter is hosted by Sebastien Couture, Brian Fabian Crain, Friederike Ernst, Meher Roy and Felix Lutsch. Since 2014, our episodes have been downloaded over 8 million times.
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episode 521: Charles d'Haussy: dYdX V4 - Decentralised Perpetual Exchange on a Cosmos Appchain
Leading decentralised perpetual exchange, dYdX V4 recently migrated to Cosmos to build its own sovereign appchain, in order to provide its users a much better trading experience, while continuing to deliver DeFi innovations (e.g. permisionless markets). By having full control over the appchain’s parameters, the dYdX DAOs can shape the future of the protocol, starting from the very bedrock, ensuring proper distribution and incentives for the validator set. From early adopter of L2 zero knowledge proofs (STARKs), to building its own Cosmos appchain, dYdX has proven once again to be a trailblazer for new technologies.
We were joined by Charles d’Haussy, CEO of dYdX Foundation, to discuss dYdX V4’s recent migration to a Cosmos appchain and what challenges it solves in terms of: order book decentralisation, validator distribution and user experience.
Topics covered in this episode:
- Charles’ background, from Asia to CEO of dYdX
- dYdX’s history and V4’s transition to a Cosmos appchain
- How perpetual futures work
- dYdX supported assets and permissionless markets
- DeFi innovations vs. CEX UX
- The current state of dYdX V4’s alpha mainnet
- dYdX validator dynamics & order book decentralisation
- dYdX’s DAOs & governance
- Mitigating MEV (feat. Skip Protocol)
- Migrating to Cosmos
- Astropolis
- The intersection of crypto & AI
Episode links:
- Charles d'Haussy on Twitter
- dYdX on Twitter
- dYdX Foundation on Twitter
- Charles' Astroprolis Keynote (Cosmoverse Istanbul)
- Cosmos on Twitter
This episode is hosted by Sebastien Couture & Meher Roy. Show notes and listening options: epicenter.tv/521