CRV Is Now Live On dYdX
dYdX announced that Curve Finance CRV-USD is now live as their 13th market.
Starting now, CRV-USD Perpetual Markets are live for trading on Layer 2. Go long or short on $CRV with up to 10× leverage. dYdX now supports 13 Perpetuals markets on Layer 2, with more coming soon.
Contract Specs
CRV-USD
- Underlying market: CRV
- Margin/settlement asset: USDC
- Tick size: $0.0010 USD
- Minimum order size: 10 CRV
- Quantity step: 1 CRV
- Expiry: Perpetual (no expiration)
- Maximum leverage: 10×
- Initial margin requirement: 10.00%
- Maintenance margin requirement: 5.00%
- Fees: See here for latest perpetual trading fees on dYdX.
- Mark price for liquidations: The index price, given by Chainlink’s Layer 2 CRV-USD price feed.
- Funding: Funding payments are credited or debited at the start of each hour, and are included in the realized PnL for the position. The funding premium is scaled so as to have a realization period of 8 hours (8-hour funding rate). You can read more about the funding rate calculation here.
- Contract loss mechanism: Deleveraging (centralized, but verifiable insurance fund is the first backstop before deleveraging).
- Trading hours: 24 x 7 x 365
What is dYdX?
dYdX is the developer of a leading decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. They combine the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.
What is Curve Finance?
Curve Finance is an automatic market-making for stablecoins and not only.
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