|All Time High:|
|Market Cap: |
|The price of #DDX today is $0.43 USD.|
The lowest DDX price for this period was $0, the highest was $0.434, and the current live price for one DDX coin is $0.43435.
The all-time high DDX coin price was $19.08.
Use our custom price calculator to see the hypothetical price of DDX with market cap of ETH or other crypto coins.
|The code for DerivaDAO crypto currency is #DDX. |
DerivaDAO is 1.9 years old.
|The current market capitalization for DerivaDAO is $11,334,297.|
DerivaDAO is ranked #558 out of all coins, by market cap (and other factors).
|The trading volume is medium today for #DDX.|
Today's 24-hour trading volume across all exchanges for DerivaDAO is $205,443.
|The circulating supply of DDX is 26,094,663 coins, which is 51% of the total coin supply.|
|DDX is available on several crypto currency exchanges.|
|Note that there are multiple coins that share the code #DDX, and you can view them on our DDX disambiguation page.|
Competition Winners, and Bug Hunt Session 2 kickoff!
Bug hunt session 2 is starting! Hello traders, This update coversCompetition Session 1, 2, and 3 PnL Winners!Bug hunt findings (and next steps!)Roadmap updatesCambrian Competition Sessions 1, 2, and 3 These trading sessions were the first “competition sessions” with DDX prizes both for PNL winners of each session, and DDX trade mining rewards. As a reminder, there are 3 sessions, each with its own PnL winner. Here are the top 10 addresses on PnL for each session. If you’re the winner, keep an eye out for an email from a dexlabs.xyz address! — Session 1. — Winner — 0x5e4e3ea640f80004831135e83fcfb843b2c5c3b5 PNL — 15982326.21938440000000000 Runner-ups0xae151dcf15fd71021a617007ae77e269df8dcbf9 ($7729490.46)0x358421455637f314b188228495f7a600a52382f2 ($6309380.36)0x68c981faf746486b92a2409525827ec02a3faba1 ($6091447.37)0x2f325038d7a19817b463a2b5f48095b3eb7286e8 ($5418121.69)0x4b3cb2c16f14886564f6bb179741f43e18c6ca02 ($5106466.60)0x89dfea399ce72975993ffd6cd59fe4fccc4e2240 ($5097213.29)0x20bcbd5f6f8e1e02a1c255107d5ba0ef080abefc ($4345791.39)0x5a0542f0471def796c0a579b3d168946d0f896b4 ($4041241.91)0x75d916eb472e75940352c7304eb730edb0a91242 ($3893689.97) — Session 2. — Winner — 0xae151dcf15fd71021a617007ae77e269df8dcbf9 PNL — 3,092,566.80 Runner-ups0x0f1cd4fa19c96614db4185caa26e35aa5dd5392e ($1,999,439.48)0xb33b8dfd70b2bc4d7920316f2311f647769a2a9b ($1,090,783.23)0x0c81f980c9bc245...
Week 1 recap: New session starting!
Re-deposit now and get started in the new trading session!. — Hi DerivaDAO + Traders! Week one of the Cambrian Testnet Competition is wrapping up, and a new trading session is kicking off! The testnet has been extremely robust so far, even under wild price fluctuations and liquidation cascades. There have been excellent participation rates so far, as well as really valuable testing feedback. At a glance, here are some of the numbers so far:668 unique addresses deposited600,000,000 + in 24h volume (this is testnet, but a strong indicator of what the exchange can handle!) There will also be a Discord community call this week on Thursday, again focused on the competition. If you have questions, make sure to drop by and set an event reminder!What’s Next Many users were liquidated in the first few days of the trading competition, as a few clever traders manipulated the USDC faucet before additional rules were introduced. In order to make the competition fair for more users, as well as to ensure it continues to see good participation rates (and achieve testing benchmarks), the testnet state will be reset today, and a new session will start. — What about my… open positions/testnet ddx/ PnL?. — Don’t worry! The testnet is 4 weeks long, meaning the first week is about 25% of the total. 25% of both the PnL award and the trade mining award will be earmarked for traders in this session. The remaining 75% wil...
Trading Competition Instructions. — The Cambrian trading competition is starting! Read this to ensure you’re ready to hit the ground running.Getting Started There are two different ways to get started:Register and receive tokensSelf-service, and then register — Register and receive tokens. — Register. Every participant needs to complete this form. Everyone who completes this form will receive 100,000 USDC + a small amount of Ethereum on the Kovan Ethereum Network. Kovan is a test network, meaning these tokens do not real value.Confirm your registration. You will receive an email asking you to confirm your registration by re-entering your email. You will also optionally be able to opt-in for future product research opportunities.Receive tokens! Confirmed registrants are automatically enrolled in an auto-distribution. This happens periodically, about once per day. Competition started and you don’t want to wait for the auto-distro? Then, you may be interested in… — Self-service and registration. — Get USDC. Post a Tweet including the hashtag #DerivaDEXtestnet and your ethereum address. The @derivadexfaucet Twitterbot will respond, and you should receive tokens shortly after.Get kEth! Head over to the Kovan Gitter and drop your address. You can also try the #keth-requests channel on Discord! This will get you some Kovan Ethereum, so you can make a deposit.Register (and confirm your regi...
DerivaDEX Development and Trading Competition Update
Cambrian Testnet Trading Competition will start next week.. — Hello to the DerivaDAO! Everyone (on the DEX Labs team and in the community) has been eagerly anticipating the upcoming launch of the next trading competition. This update covers the latest changes to the most recent release, what’s coming next (before a mainnet proposal), and finally, dates for the Cambrian Trading Competition!https://twitter.com/i/spaces/1eaKbNRnraaKXTry the beta!Get some kovan ETHGet some kovan USDCGo to https://beta.derivadex.io, live with the latest release, and start trading. Questions? Head over to the Discord and you should be able to get some help!What’s new in the current release? The current release features several important upgrades. — A revamped liquidation engine.. — The liquidation engine properly handles liquidation events even in very extreme scenarios (for example, no liquidity and no insurance fund). While ideally users will never encounter these situations, this means that losses are properly socialized and traders are correctly de-leveraged. This is critical for testnet especially, because unlikely scenarios occur frequently when traders are using fake money. — Snappy and bug-free UI. — The front-end for DerivaDEX has been receiving an overhaul piece-by-piece. While hopefully most of the updates here are “invisible” (i.e., things just work as you’d expect), significant improvemen...
DerivaDAO Community Update
TL;DR The DEX Labs team is heads-down working on a new release version. This version will be used for the Cambrian test-net trading competition. There are also a few updates and recent events from the DerivaDAO community.Governance and Community UpdatesA proposal to extend insurance mining for an additional 3 months did NOT pass, meaning that the insurance mining program has now stopped receiving DDX rewards. If and when the community decides to reinstate this program, it will need to be via a successful proposal.Reminder: Withdrawal fees all accrue to the DerivaDAO. Determining how and when to deploy these funds could be an early community-driven proposal.The first DerivaDAO Community Call took place recently on Discord. The next call will likely be on Twitter Spaces.DEX Labs cofounder Aditya Palepu joined Decentralised.co for discussion of DerivaDEX in a recorded conversation. This will be posted soon, and shared on all channels. Check it out for a deeper look at the operator architecture and DerivaDEX’s positioning as a DAO-first DEX. Want to be involved in future governance decisions? Join the Discord channel and keep an eye out for the next governance working group call. The DerivaDAO governance contract *does* support voting delegation, so community leaders can and should drive the conversation.Development Progress The question on everyone’s mind is “wen mainnet”, but there are a few things that still need to ha...
Cambrian Testnet Update
TL;DR: Check out Cambrian if you haven’t yet, the new DerivaDEX testnet faucet makes testing easier than ever!Cambrian is up at beta.derivadex.ioWhat is the Cambrian testnet deployment? Cambrian is the testnet deployment of DerivaDEX. It reflects the latest tested version of the exchange, so that external users and DerivaDAO members can test the exchange, provide feedback, and report issues. Cambrian is quickly updated, so that users are always seeing a version that is very close to the development release. The goal of the testnet is to rigorously test the exchange that will be proposed to mainnet.How can you use Cambrian? It’s easier than ever to use Cambrian with the brand new DerivaDEX Kovan USDC faucet! Because Cambrian is a development release, account balances and the exchange state is semi-frequently reset. Rather than waiting on new token distributions, users can now get tokens directly from the faucet as-needed.Using the DerivaDEX Faucet The faucet requires that you have a Twitter account.Tweet with hashtag #DerivaDEXtestnet and your addressThe bot will reply when send is doneGet Kovan ETH from the gitter faucet or ask in DiscordVisit http://beta.derivadex.io/ on Kovan testnet, and make a deposit! NOTE: if you already have 100K+ USDC in your account, the faucet will ignore you. Problems or questions? Hop in the Discord and ask. Remember, the Cambrian testnet deployment is on Ethereum’s Kovan network. Y...
Why Hardware Matters
TL;DR — An often under-explored aspect of DeFi is the resilience of hardware operators. When these operators go down, as occurred recently with dYdX, what happens to the system?. — — In today’s article, we explore the role and resiliency of the DerivaDEX Operators.. — Why Decentralize Finance? There is roughly $100 billion of value captured in decentralized finance (DeFi) native applications today. The last time there was such a fundamental shift in how people use, interact and think about money was likely around the time of the dot-com boom when users were able to ‘spend’ money online through avenues such as eBay. Three fundamental forces are accelerating the adoption of DeFi.Financial institutions have a new avenue to trade, lend and borrow with a fraction of the friction previously required.Retail participants have new access to financial applications that may not have been readily available to them through traditional alternatives.Newfound wealth within crypto is underserved by traditional banking avenues. Applications such as Uniswap and Compound have scaled substantially by offering to anyone products formerly only available via banks. However, the cost of decentralization is often in performance, and centralization can creep in and create vulnerabilities in applications and markets. Most recently, derivatives exchange dYdX became dysfunctional for several hours in relation to an AWS out...
Cambrian has arrived!
Cambrian is the first public testnet release for the DerivaDEX exchange. Last year, DerivaDEX launched both insurance mining and governance applications. This guide explains:how to register and get Kovan Ethhow to get started tradinghow to get API accesshow to see the competition leaderboardwhat the prizes and rules are for Cambrianwhere to get the docs For further details on the competition prizes, timeline, and rules, check out this article.Get started with CambrianRegister for the testnet. Please note — not all jurisdictions are eligible for prizes. However, everyone can use this testnet release and provide feedback.Get a small amount of Kovan Eth. Just like Ethereum, Ethereum testnets (like Kovan, which Cambrian uses) require Ethereum for gas. You will not need gas for trades, only for your initial deposit. If you do not know how to do this, follow the steps in the section below!Trade! At the bottom of this article, you can find a quick guide to making your first deposit and placing your first order.Getting Kovan ETH You can get Kovan ETH in two ways.Join this Gitter channel, and post the address you registered for Cambrian with. You should receive kETH to that address shortly.Join our Discord and send a message with your address in the kETH requests channel. A mod will react with ✅ when your kETH is sent!Ready, set, trade! Once you register and get Kovan Eth, you’re ready to start trading.Head to ...
CAMBRIAN is Coming
Cambrian, the first public testnet for the DerivaDEX exchange, launched on Thursday November 11. The first public trading competition starts Thursday, November 17. Update: This article is outdated! Please see: https://medium.com/@DerivaDEX/derivadex-8bc939b0c8af for the latest.What is DerivaDEX? Learn more about the architecture of DerivaDEX and the Cambrian testnet.What is Cambrian? So-named because this public testnet will usher in a new era of growth for the network, Cambrian is the first public testnet for DerivaDEX. Cambrian is an opportunity for all DerivaDAO members and traders to try out the exchange, provide feedback, and understand the ins and outs of the DerivaDEX protocol. Cambrian is unique. This testnet release features:near-instant finalitycentral-limit order bookAPI and speed comparable with centralized exchangesa long-term, sustainable trade mining programdecentralized order matchingdecentralized transaction ordering (preventing MEV and frontrunning)When can I try the testnet? The competition, and testnet, will be simultaneously opened to the public on Thursday, November 11th at 12pm EST. Registration is open now! Fill out this form to ensure you are ready to go on Thursday. https://medium.com/media/461d775a73eaac0ec36e6967595f28bf/hrefWhat are the competition rules? The trading competition will run for 3 weeks, from Thursday November 17th at 12pm EST to Thursday December 9th. This competition is bein...
Introduction to DerivaDEX Architecture
This article explains the DerivaDEX architecture at a high level. Future posts will dig into the security model, specific components like the price feed or checkpointing system, or programs like trade mining or the insurance fund. If there’s a topic you’d particularly like to see covered, please reach out in the Discord!Overview DerivaDEX is a decentralized derivatives exchange platform entirely controlled by the DerivaDAO. Deposits and withdrawals (of USDC) are handled on Ethereum, whereas all trading and other exchange-related transactions occur on the DerivaDEX operator network (you may have heard this referred to as a “custom L2”). Two tranches of insurance funds, “staked” (from insurance mining) and “organic” (from USD-paid fees) are managed by the DerivaDAO and used to backstop traders against auto-deleveraging.Why use an off-chain network for exchange operations?Speed. DerivaDEX will compete with centralized alternatives on performance, including enabling high-frequency trading and other modern strategies. This is only possible via off-chain matching (with sub-second finality).Cost. Paying Ethereum gas transactions is unrealistic for trading at volume.What is the DerivaDEX operator network? The DerivaDEX operator network is a purpose-built sidechain of operators that execute code within “trusted execution environments” (TEEs). A TEE is a region of protected memory that cannot be tampered with by w...
More DerivaDAO (#DDX) News
|Bittrex Fined With $53 Million For Violating Anti-Money Laundering Laws
Cryptocurrencies are supposed to be censorship resistant... Cryptocurrency exchanges, not so much. Bittrex found this out the hard way after a record fine imposed by the U.S. regulators.
On October 11, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) announced that Bittrex, a Washington-based cryptocurrency exchange, will be fined $53 million for violating multiple securities laws.
According to the statement, Bittrex violated sanctions laws and anti-money laundering obligations, resulting in two fines of more than $24 million and $29 million, respectively. This would be the largest enforcement action ever imposed by the OFAC on a cryptocurrency exchange.
Sanctioned Countries Moved Nearly $263 Million in Bittrex
According to the OFAC, Bittrex allowed individuals from Crimea, Cuba, Iran, Sudan, and Syria to use its platform to move nearly $263,451,600.13 between March 2014 and December 2017.
Bittrex agreed to pay $24,280,829.20 to the U.S. regulators for making 116,421 apparent violations of multiple sanctions programs and $29,280,829.20 for its willful violations of the BSA's AML program and SAR requirements.
The fine emphasizes the importance of implementing appropriate controls in compliance with the Bank Secrecy Act's (BSA's) anti-money laundering (AML) sanctions and obligations to the crypto industry, according to OFAC.
It further stated that 'inaction,' lack of proper background research, o...