This grant will fund the integration of dYdX v4 on Kucoin Exchange, a leading centralized exchange. Integrating dYdX v4 includes adding support for deposits, withdrawals, and native staking within the exchange for the v4 DYDX token. Users will be able to trade and stake their token through Kucoin. The fee covers the technical costs for integration, and incentivizes the exchange to support in a timely manner (by end of Q1).
Kucoin ranks seventh in the centralized exchange ranking, with $1 billion traded daily and 10M monthly visits. We expect Kucoin to be an attractive exchange for interacting with the DYDX token.