What currency is dyd? Which exchanges have dyd coins?

php editor Baicao will introduce dyd currency to you. The full name of dyd coin is Defi Yield Dollar, which is a digital currency based on decentralized finance (DeFi). Its goal is to provide users with safe and high-yield financial products. Currently, dyd coins can be traded on some well-known exchanges, including Uniswap, Gate.io, etc. By purchasing dyd coins on these exchanges, users can participate in the dyd ecosystem and enjoy corresponding benefits. In addition to exchanges, dyd coins can also be stored and managed through some decentralized wallets. I hope the above introduction will be helpful for everyone to understand dyd currency!

1. The role of dydx currency

1. Leveraged trading: dydx currency can be used for leveraged trading, that is, by using borrowed funds to increase the transaction limit and profit potential.

2. Fee deduction: Users holding dydx coins can enjoy discounts or credits on handling fees to reduce transaction costs.

3. Market making rights: dydx currency holders can become market makers on the dydx platform and obtain market making related rights and benefits.

2. dydx currency exchanges

Currently, dydx currency is online and available for trading on the following exchanges:

Coinbase Pro It is a well-known cryptocurrency trading platform where users can buy and sell dydx coins.

2. Kraken: Kraken is also a well-known cryptocurrency trading platform, and users can trade dydx coins on Kraken.

3. Binance: As one of the world's leading cryptocurrency exchanges, Binance also supports the trading of dydx coins. Users can buy, sell and trade dydx coins on Binance.

3. Related industry knowledge points of the dydx ecosystem

1. Decentralized Finance (DeFi): As a decentralized trading platform, dydx is committed to providing security, transparency, and trustlessness financial services. The development and promotion of dydx has promoted the development and innovation of decentralized finance.

2. Leverage trading: The dydx platform provides a leverage trading function, allowing traders to expand transaction size by borrowing funds. This is very attractive for traders who want to maximize their profit opportunities, but it also comes with risks.

3. Market maker model: dydx currency holders have the opportunity to become market makers on the dydx platform, providing liquidity for other users to trade. Market makers earn revenue through transaction fees and rewards.

4. Governance token: dydx currency plays an important role in the governance of the dydx platform. Users holding dydx currency can participate in the decision-making and governance process of the platform and have a certain influence on the development of the dydx ecosystem. .

4. Today’s dydx currency market

dYdX Price Real-time Data

dYdX The current price is $3.93, and the 24-hour trading volume is $896 million. The price of dYdX has increased by 22.25% in the past 24 hours. Currently, dYdX ranks 73rd in market value, with a real-time market value of $706 million, a circulating supply of 180 million DYDX, and a maximum supply of 1.00 billion DYDX. We will update the price of dYdX/USD in real time.

dYdX Price Performance (USD)

Time Range Rise and Fall Rise and Fall Today $ 0.7121.98% 7 days $ 1.5061.330 days $ 2.05108.45% 3 months $ 1.9699.65%

dYdX Market Information

24 hours lowest/highest price 24 hours lowest $3.09 Latest price $3.9324 hours highest $4.12 Popularity ranking 10 Market capitalization ranking 73 Market value $706 million Add self-selected number of people (percentage) 4.01% Historical high price $30.00 Historical low price $1.01 First issue time 2021/09/08 First issue price $0.00 Total circulating amount 180 million DYDX circulating market value $706 million

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