DeFi
DeFi Exchange DYdX Seeks Full Decentralization as Scrutiny Rises
- Goal is to remove entities that maintain exchange operations
- Regulators have questioned premise of decentralized projects
Source: dYdX.exchange
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The cryptocurrency exchange dYdX, one of the most used DeFi trading platforms, is moving closer to being a fully decentralized project as global regulators increase scrutiny of the digital-asset sector.
The exchange, which operates in what it describes as a hybrid decentralized model, is starting a testing network that will allow developers to check for glitches before the official launch of the next version of dYdX. The exchange anticipates going live with the revamp in September.