Firm behind DeFi platform dYdX in talks of selling the dYdX v3 software: report | Headlines | News | CoinMarketCap
07/23/2024 23:49dYdX Trading, the firm overseeing the decentralized finance platform dYdX, is in talks of selling some of its software for an undisclosed figure, …
dYdX Trading, the firm overseeing the decentralized finance platform dYdX, is in talks of selling some of its software for an undisclosed figure, reports Bloomberg, citing people familiar with the matter.
Wintermute and Selini Capital are among the firms interested in the sale of the dYdX v3 software, Bloomberg adds.
dYdX offers decentralized derivatives, providing higher liquidity and lower slippage, or when a trade's price upon execution differs from the trade's requested price.
dYdX contains $452.2 million in total value locked, according to the crypto data tracker DeFiLlama.
dYdX compromised
dYdX announced that it was compromised shortly after public news of its potential software sale.
"We just learned that dYdX v3 website (dYdX . exchange) has …