{"id":18186,"date":"2024-10-30T10:09:42","date_gmt":"2024-10-30T08:09:42","guid":{"rendered":"https:\/\/forklog.com\/en\/dydx-reduces-core-team-by-35\/"},"modified":"2024-10-30T10:09:42","modified_gmt":"2024-10-30T08:09:42","slug":"dydx-reduces-core-team-by-35","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dydx-reduces-core-team-by-35\/","title":{"rendered":"dYdX Reduces Core Team by 35%"},"content":{"rendered":"

Antonio Juliano, CEO of the company behind the decentralized derivatives exchange dYdX, announced<\/a> a 35% reduction in staff.<\/p>\n

\n

“Today, I made the incredibly difficult decision to let go of 35% of the core dYdX team. We now have the team we need for further development, but first, we say goodbye to those who have left,” the exchange’s blog states.<\/p>\n<\/blockquote>\n

Juliano thanked former employees for their work. He explained the layoffs as necessary to “revitalize” the exchange, as in its current form it “differs from what it should be.” <\/p>\n

dYdX is one of the most popular decentralized platforms for derivatives trading. Since the beginning of 2024, the popularity of Hyperliquid has surged. TVL<\/span> of the latter has significantly surpassed Juliano’s exchange \u2014 $669.5 million compared to $287.6 million, respectively.<\/p>\n

\"dYdX
Top 10 derivatives trading platforms by TVL. Data: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

On October 10, Juliano returned<\/a> as CEO after a six-month academic leave. He had stepped down on May 13 for personal and professional reasons.<\/p>\n

In September, the dYdX team announced the launch of perpetual futures with leverage on the outcome of binary events in prediction markets.<\/p>\n

In August, the company shared details<\/a> of the “most significant” upgrade to its blockchain since the launch of dYdX Chain, planned for autumn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Antonio Juliano, CEO of the company behind the decentralized derivatives exchange dYdX, announced a 35% reduction in staff. “Today, I made the incredibly difficult decision to let go of 35% of the core dYdX team. We now have the team we need for further development, but first, we say goodbye to those who have left,” […]<\/p>\n","protected":false},"author":1,"featured_media":18185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1337,1276],"class_list":["post-18186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dydx","tag-layoffs"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18186"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18185"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}