About Portfolio
dYdX (DYDX) is the native token of dYdX Chain, a fully decentralized, high-performance derivatives exchange built on its own Cosmos-based Layer 1 blockchain. It combines a decentralized order-book and perpetual futures trading with validator-led execution for maximum decentralization and throughput.
Governance & Token Utility
The DYDX token is used to secure the network through staking to validators, participate in on-chain governance, and potentially earn a share of trading fees. Token holders can delegate stake, vote on protocol upgrades, and influence parameters across the dYdX ecosystem.
Key Milestones & Ecosystem Growth
Founded in 2017 on Ethereum, introducing decentralized margin and perpetual trading
Transitioned through v3 (Layer 2 with StarkEx) to v4 as a sovereign Cosmos-based chain in late 2023
Achieved full decentralization: validators now run off‑chain order books and matching
Offers over 200 perpetual markets with up to 50× leverage across major assets
Accessible via web, mobile apps, and APIs; supports cross-chain deposits from multiple blockchains
Network Architecture
Based on the Cosmos SDK with CometBFT (Tendermint) consensus and Delegated Proof-of-Stake
Validators maintain a shared off-chain order book, process trades, propose blocks, and reach consensus
Front-ends are open-source, permissionless applications; indexer layer supports efficient query access
Trading fees (in USDC) and gas fees (payable in DYDX or USDC) are distributed to validators and stakers
Disclosure Statement
The investments or portfolio companies mentioned, referred to, or described on this page are not representative of all investments made by Tecra Venture Capital. There can be no assurance that any investment will be profitable, or that other investments made in the future will have similar characteristics or outcomes.
This list reflects both current and historical investments and excludes holdings that have not been publicly disclosed by Tecra, including positions in publicly traded digital assets — whether acquired during early fundraising rounds or later on secondary markets after public listing.
It also does not include portfolio companies that (i) have ceased operations without a liquidity event or exit, and (ii) whose equity has been written down to zero without the receipt of any compensating asset. The list is updated periodically and may not reflect Tecra’s most recent investment activity.
Past performance of Tecra Venture Capital’s investments, investment vehicles, or strategies is not necessarily indicative of future results.