DYdX Details

About dYdX

dYdX is a decentralized exchange for margin trading and eventually derivatives. Users can trade, borrow, and lend any supported asset. dYdX is powered by smart contracts on the Ethereum blockchain, which eliminates the need to trust a central exchange while trading.

Crypto Interest Provider dYdX
TypeLending market, Decentralized
Interest
Earning Start: Immediately after deposit
Guarantee Period: No guarantee
Payed As: Same as deposit
Payout Interval: Every 15 seconds (Ethereum blockchain blocktime)
Compounded: Yes
Lock-up PeriodNo Lock-up. Can be withdrawn anytime.
ProcedureCrypto is sent to the dYdX smart contract via the user interface. Crypto is lent to borrower by smart contract.
Fees
Service: 15% of all earned interest. Already deducted from the displayed APY.
CompanyOperating since 2019. Registered in United States.
Currencies offered by dYdX
DAI (Multi Collateral DAI) 7.14% 1
USDC (USD Coin) 1.10% 1
WETH (Wrapped Ethereum) 0.17% 1
SAI (Single Collateral DAI) 0.00% 1
1: Real APY may vary. Service fees are already deducted.
2: Better rates available under specific conditions.