According to Cointelegraph, dYdX Foundation, a non-profit, independent decentralised finance (DeFi) made to support the dYdX protocol, launched a public testnet for v4, its latest version. It is expected that this brings dYdX ahead of the expected launch of the v4 mainnet, which might represent the complete decentralisation for dYdX.
“They are not the competitors of the dYdX protocol, honestly. I think they do their job well. They have been supporting the market early on. We should not forget that perpetual were invented by BitMex, which is a centralised entity,” Charles d’Haussy, CEO, dYdX Foundation, commented on the move towards complete decentralisation and what that would it mean for centralised providers.
Sources revealed Charles d’Haussy believes that there is room for both decentralisation and centralised. It is believed that they can co-exist and provide opportunities for collaboration that could benefit cryptocurrency customers in general, Cointelegraph added.
Furthermore, it is expected that centralised exchanges might serve as gateways to decentralised exchanges. Supposedly this is “a positive for the ecosystem,” as long as it allows people to adopt crypto services in a method that works for them, Cointelegraph concluded.
(With insights from Cointelegraph)