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
TypeDecentralized lending service
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 Can be withdrawn anytime.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 APR.
CompanyOperating since 2019. Registered in United States.
Currencies offered by dYdX
DAI (Dai) 10.79% 1
USDC (USD Coin) 4.92% 1
WETH (Wrapped Ethereum) 0.03% 1
1: Real APR may vary. Service fees are already deducted.
2: Better rates available under specific conditions.