Former ConsenSys executive appointed to lead dYdX Foundation

The decentralized derivatives exchange dYdX has hired former ConsenSys executive Charles Dhaussy as Chief Executive Officer of its foundation.

🦔🥁 FOUNDATION UPDATE 🥁🦔

The @dydxfoundation is super excited to have @charlesdhaussy join as CEO‼️https://t.co/ogLirtHwM0 pic.twitter.com/5DI4gjGuDX

— dYdX Foundation 🦔 (@dydxfoundation) October 10, 2022

In the new post, Dhaussy will work to spur growth and development of the dYdX protocol, its community and the dYdX DAO. According to the executive, he plans to structure the work so as to democratise access to financial opportunities.

“I am very pleased to welcome Charles to the post of CEO of the dYdX Foundation. His rich cross-industry experience interacting with diverse stakeholders will be an extremely valuable addition to the foundation and will lead us to the next stage of growth,” said Arthur Cheong, president of the dYdX Foundation’s board.

Dhaussy, in comments to The Block, noted that he took up the role on 26 September.

At ConsenSys, he served as managing director for the Asia-Pacific region. In 2018 he ranked among Asia’s top 50 fintech influencers.

The launch of dYdX Foundation — the independent organisation headquartered in Zug, Switzerland — was announced in August 2021. Back then, exchange representatives described the framework as an important step on the path to full decentralisation of the dYdX protocol.

Earlier in June, dYdX announced the creation of its own Cosmos SDK-based network.

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