dYdX Founder: Reimagining the Potential of DeFi and Leverage Combinations

On November 3, Antonio Juliano, founder of dYdX, said in a post on X, “I'm tired of all the perps products being basically the same. The market feels stagnant and zero-sum. We can compete and try to move users from CeFi perps to DeFi perps, but I now realize that this misses the point. I believe it's time to go back to the roots and re-imagine what kind of creativity DeFi + leverage might bring.

The purpose of leveraged trading is to up the ante, the purpose of decentralization is that the power is in the hands of the user, not me. The purpose of decentralized leveraged trading is to empower users to make large bets. Instead of replicating what has gone before, it will be re-imagined to empower users to ramp up their bets.