Git-Mirrors/mev-toolkit
1
0
Fork 0
mirror of https://github.com/autistic-symposium/mev-toolkit.git synced 2025-05-01 22:36:16 -04:00
Code Issues Projects Releases Packages Wiki Activity

Update dydx.md

Browse source
This commit is contained in:
dr. mia von steinkirch, phd 2023-02-09 19:39:39 -08:00 • committed by GitHub
parent 78f1e6177e
commit 0521a5835a
No known key found for this signature in database
GPG key ID: 4AEE18F83AFDEB23
1 changed files with 4 additions and 0 deletions
Download patch file Download diff file Expand all files Collapse all files

4
MEV_and_trading/protocols/dydx.md
View file

@ -9,6 +9,10 @@
* founded in 2017, dydx is the most popular dex for trading perps and utilizes a central limit orderbook model (rather amm).
* the oracle price is an aggregate price calculated using on-chain price oracles. collateralization and liquidations on dydx are determined using the oracle prices of each asset.
* the index price is an aggregate price based on price data from multiple exchanges and is used to trigger stop orders.
* the mid-market price is determined by the orderbook as tge midpoint or average between the lowest ask (sell price) and the highest bid (buy price).
* funding rate is the fee paid between longs and shorts for each perpetual market. longs pay shorts if the funding rate is positive and vice versa.
* it on starkware's L2 (migrated from ethereum in 2021) and soon moving to their own standalone cosmos chain (dydx v4).
<br>