dYdX V3

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

dYdX V3 is published as a versioned release inside the Dydx protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

dYdX V3 es una versión dentro de una familia de protocolos mayor. Abre el protocolo padre para ver el TVL combinado y todas las versiones hermanas.

Eventos importantes señalados por la comunidad de DeFiLlama — lanzamientos del protocolo, exploits, cambios de gobernanza y programas de incentivos.

1. Aug 3, 2021
   dydx token

dYdX V3 is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Ethereum. No public audit reports are listed on DeFiLlama for this protocol. DeFiLlama tracks 1 historical event for this protocol since 2021.

dYdX V3 is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for dYdX V3 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

dYdX V3 is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure 2265,9 M US$ in deposits, giving you a frame of reference for whether dYdX V3's own TVL is at the top, middle, or tail of the category.

Jupiter Perpetual Exchange

TVL 910,6 M US$ · 24h -0.27%

Hyperliquid HLP

TVL 431,7 M US$ · 24h +0.11%

Drift Trade

TVL 334,4 M US$ · 24h +0.22%

GMX V2 Perps

TVL 267,5 M US$ · 24h -0.08%

Extended

TVL 196,4 M US$ · 24h +0.06%

dYdX V4

TVL 125,3 M US$ · 24h +0.58%