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dYdX founder: Plans to transition to Cosmos this month

dYdX founder Antonio Juliano said on the Lightspeed podcast that the transition plan to Cosmos will take place this month, at which point the platform will be "completely decentralized".

He stated that currently dYdX is a hybrid decentralized platform. Transactions that occur on-chain are completely transparent, but the main things that are not yet decentralized are the order book and matching engine.

dYdX (ethDYDX) dYdX (ethDYDX) $1.59
+3.12%
dYdX cosmos
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