Layer 2 Alpha is live powered by StarkWare and Chainlink
We are extremely excited to announce that our new cross-margined Perpetuals are now live on Layer 2. This is a milestone for both dYdX and the broader Ethereum ecosystem. The launch follows seven months of development, which took us from theory to a world-class product experience on mainnet. We are also thrilled to launch a completely redesigned brand, homepage, and exchange – for more on that, read
Who is StarkWare?
StarkWare develops software to improve blockchain scalability by allowing any type of computation to move off-chain, using the Ethereum blockchain as a public immutable commitment layer. Focusing on scalability, StarkWare has the fastest in-class technology for asserting computational integrity via succinct, transparent, and post-quantum-secure proofs.
Faster Price Oracles
Prices are verified by oracles using STARK-compatible signatures, allowing prices to be used by smart contracts as soon as they are signed, rather than waiting for a transaction to be mined. This significantly reduces the latency of oracle price updates from minutes on Ethereum’s Layer 1 chain to fractions of a second on StarkWare’s Layer 2 networks.
Chainlink for Alpha Launch
For the Alpha launch, we’re using Chainlink’s industry-leading oracle network to power secure price feeds for Layer 2. Chainlink has integrated with Starkware to extend the Chainlink Network’s hyper-reliable oracle functions to high-performance Layer 2 solutions. In a short time, other oracle providers such as MakerDAO may be used for some markets.