dYdX operates as an open trading platform for crypto assets, offering decentralized derivatives, margin, and spot trading. The platform is built on Ethereum smart contracts, providing trustless and secure trading options with features like up to 10x leverage on trades, borrowing, and lending capabilities.
Recognizing the importance of India in its future plans, the foundation has launched an India chapter led by Karan Ambwani. This chapter engages with the domestic Web3 community in India through various initiatives including research, community engagement, and thought leadership activities. The foundation’s efforts are aimed at integrating India’s vibrant technical and non-technical Web3 talent into its community and governance structures​
Total funding of $22.0M, with investors including Kindred Capital, Vy Capital, a16z crypto, and 1confirmation.