Zhuoxun joins us on Base Layer to tell us all about dydx. dydx is building a decentralized exchange for margin trading and eventually derivatives. With dYdX users can trade, borrow, and lend any supported asset. dYdX is powered by smart contracts on the Ethereum Blockchain, which eliminates the need to trust a central exchange while trading. We discuss the overall maturation of DEX's and also spend time discussing how smart contracts & oracles factor in this very exciting aspect of DeFi. Capital markets are also maturing in digital assets; powerful financial products like margin and derivatives are essential. They empower traders to better manage risk, more efficiently allocate capital, and express more complex opinions on price and volatility. 

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