Editor's Note: This article comes fromGolden Finance, reprinted by Odaily with authorization.

Editor's Note: This article comes from

Golden Finance

Golden Finance

, reprinted by Odaily with authorization.

According to news from the dYdX Chinese community, after 7 months of research and development, dYdX’s new universal margin perpetual contract is now released on the second-tier mainnet.

In order to significantly expand trading volume, dYdX and StarkWare have established a Layer 2 protocol for universal margin perpetual contracts based on StarkWare's StarkEx scalability engine and dYdX's Perpetual smart contract. Users can now trade at zero gas cost, which not only reduces transaction fees, but also lowers the minimum transaction threshold.

According to reports, StarkWare's zkSTARKS technology is a form of ZK-Rollup technology that can significantly improve dYdX's transaction settlement capabilities while still placing its security on the underlying Ethereum blockchain. StarkWare's dYdX integration combines STARK proofs for data integrity with on-chain data availability to ensure a fully non-custodial protocol.

Currently, the Layer 2 solution is launched in the form of an alpha version with a limited deposit limit, and dYdX expects to conduct a public beta within a few weeks.

According to dYdX, with the help of the second layer, dYdX transaction fees will be consistent with those of centralized exchanges, and the transaction speed will be the same as that of decentralized exchanges. Users can also trade on dYdX with higher leverage (up to 25x) in some futures markets.EthereumIn addition, dYdX will also work with Chainlink oracles to provide price feeds for Layer 2. Currently, Chainlink has integrated with Starkware to provide the exact same high level of security as Ethereum oracles, while maintaining the performance advantages of layer 2.

In fact, with the congestion of the Ethereum network, more and more decentralized exchanges have begun to explore the combination with Layer 2 technology.