# dYdX

dYdX is a leading decentralized exchange (DEX) focused on advanced derivatives trading, including perpetual contracts and margin trading, built on its own high-performance dYdX Chain using the Cosmos SDK for fast and efficient transactions. Founded in 2017 by Antonio Juliano, dYdX has attracted significant investment from top-tier venture capital firms and market makers such as Andreessen Horowitz (a16z), Polychain Capital, Paradigm, Three Arrows Capital, HashKey, Electric Capital, Delphi Digital, and others, raising over $87 million across multiple funding rounds. The platform’s investors also include prominent liquidity providers like QCP Capital, CMS Holdings, CMT Digital, and Kronos Research, as well as partners like StarkWare

You can find the link to the block explorer below:

{% embed url="<https://dydx.explorers.guru/>" %}

* [Staking Guide](#staking-guide)
* [Validator Address](#validator-address)
* [Performance](#performance)
* [Staking Mechanics](#staking-mechanics)

### Staking Guide

{% embed url="<https://www.luganodes.com/blog/dYdXSG/>" %}

### Validator Address

{% tabs %}
{% tab title="Mainnet" %}

<table><thead><tr><th width="199">Type</th><th>Value</th></tr></thead><tbody><tr><td>Operator Address</td><td>dydxvaloper1fs0t34g628xdqc8alfefnadq2x3qawt8g88mav</td></tr></tbody></table>
{% endtab %}
{% endtabs %}

### Performance

Luganodes validator performance can be tracked [here](https://dydx.explorers.guru/validator/dydxvaloper1fs0t34g628xdqc8alfefnadq2x3qawt8g88mav).

### Staking Mechanics

<table><thead><tr><th width="216">Metrics</th><th>Details</th><th data-hidden>Details</th><th data-hidden></th></tr></thead><tbody><tr><td>Reward Frequency</td><td>Every block ( ~1.2 seconds ). Rewards are distributed in the form of USDC and DYDX tokens. </td><td></td><td></td></tr><tr><td>Auto-compounding</td><td>Compounding needs to be done manually </td><td></td><td></td></tr><tr><td>Slashing</td><td>No slashing</td><td></td><td></td></tr><tr><td>Unbonding Period</td><td>30 days</td><td></td><td></td></tr></tbody></table>