Marketing

dYdX Exchange Integration

Funded

Project link

Funding amount

$50,000

Start date

May 2024

Execution

2 months

Team

Rage Trade

Description

Rage Trade is a multi-chain perp aggregator which offers aggregated liquidity, best routing, and enhanced bridging across multiple chains and markets. The team has successfully integrated multiple perp trading venues, attracting hundreds of millions in volumes to exchanges through their unique aggregated trading experience.

This grant will fund Rage Trade's operating, engineering and maintenance costs associated with integrating dYdX v4 and facilitating a certain amount of USD volume to the protocol. The grant is aimed at improving the adoption of dYdX v4 among perpetual traders, increasing the accessibility of the exchange through different terminals, and increasing trading volume.

The grant is split across three different milestones.

Milestone 1: $25,000 USDC will be paid out once the dYdX v4 exchange has been fully integrated.

Milestone 2: $25,000 USDC will be paid out after exceeding $5M in trading volume originating from the Rage trade platform

Milestone 3: $25,000 USD will be paid out after exceeding $20M in trading volume originating from the Rage trade platform

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