DEFIREGULATION

dYdX Chain v1 launches, emphasizing fully open-source code to differentiate itself from Uniswap.

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dYdX Chain v1 launches, emphasizing fully open-source code to differentiate itself from Uniswap.

Uniswap introduced the BSL commercial license to prevent code plagiarism, while dYdX Chain announced that their code will be completely open-source. Uniswap plans to charge a 0.15% frontend fee, while dYdX announced a transition to a public benefit corporation that will not generate any trading revenue from V4. The development of both projects seems to be contentious.

dYdX Chain Launched with Code Fully Open Source

According to the official announcement, dYdX Chain v1.0 has been officially released, with all code including the protocol, order book, frontend, etc. audited and fully open source.

dYdX highlights:

  1. Achieves 2,000 TPS

  2. Fully decentralized, dYdX does not operate any infrastructure

  3. dYdX Chain infrastructure operated by global DeFi enthusiasts

dYdX vs. Uniswap - Different Paths?

Unlike Uniswap, which adopted a BSL commercial license to prevent code plagiarism, dYdX Chain announced that the code is fully open source.

Furthermore, shortly after Uniswap founder Hayden Adams announced that Uniswap will start charging a 0.15% frontend fee, the dYdX founder announced within hours that dYdX will transition to a public benefit corporation and will not generate any trading revenue from V4.

dYdX transitions to a public benefit corporation, will not generate trading fee revenue from V4! Mainnet expected to launch this month

dYdX Founder's Recent Remarks: Homage to Fred Ehrsam

Fred Ehrsam recently announced stepping down from the position of executive partner at Paradigm, which seemed to resonate with dYdX founder Antonio Juliano.

In a tweet, he expressed respect for Fred Ehrsam, who founded Coinbase and Paradigm, believing that Fred Ehrsam's departure from such a significant role must have been a difficult decision.

Antonio Juliano echoed this sentiment, stating that being the CEO of dYdX has been the happiest and most fulfilling job for him, and he is proud of everything the protocol has achieved so far.

Note: There seems to be confusion in the community and some media outlets suggesting that Antonio Juliano may be resigning.