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dydx
@dydx
While dYdX offers a DEX similar to Uniswap or SushiSwap, dYdX was designed to trade a specific type of asset: perpetuals. Short for perpetual swap trading contract, perpetuals are essentially a derivative, or financial instrument that derives its value from an underlying asset. Like futures or options, perpetuals provide an opportunity for traders to speculate on the future value of an asset.