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Podcast: Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Episode: Antonio Juliano: dYdX – Decentralized Perpetual Exchanges
Description: 2022 has proven time after time that centralised entities are prone to multiple points of failure, intentional or not. Decentralised finance (DeFi) addresses these, but the user experience has often been lacklustre compared to that from centralised finance (CeFi). Exchanges are the backbone of any market, but high throughput is required in order to ensure that both makers and takers can proficiently use them. Decentralised exchanges have long faced issues due to bandwidth constraints native to blockchains, but recent L2 scaling solutions have provided a considerable increase in terms of throughput. For example, dYdX is currently the largest consumer of...