📈 dYdX margin trading protocol live, allowing for margin trading on any ERC20 token
The dYdX Margin Trading Protocol was launched on Tuesday, which enables anyone to trustlessly lend, borrow and margin trade on any ERC20 token. According to the expo website, dYdX Margin Tokens are a freely tradable, fungible, and transferable ownership interest in a short or leveraged long position based on the ERC20 standard. With dYdX Margin Tokens it is possible to take a short or leveraged long position by simply buying a token, with no need to borrow or sell the underlying asset. Margin Tokens can be traded on any decentralized and centralized exchange.
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