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dYdX (ethDYDX) Cryptocurrency Introduction
dYdX is a decentralized finance (DeFi) platform that primarily offers trading and lending services. It is based on the Ethereum blockchain and utilizes smart contracts to execute its functions. dYdX's mechanism relies on Ether (ETH) and Fuel tokens. As a DeFi platform, dYdX aims to provide users with secure, transparent financial services, avoiding the intermediary costs and risks associated with traditional financial institutions.