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Organisation

dYdX

3 placements on ChainChoice under dYdX, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

Appchains / L3s
dYdX Chain
Rank#2 OverallScore66

#1 in this category: Abstract

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Perp DEXs
dYdX
Rank#3 OverallScore67

#1 in this category: Gains Network (gTrade)

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Perp House Vaults
dYdX MegaVault
Rank#8 OverallScore52

#1 in this category: GMX GM / GLV pools

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Appchains / L3s
How you can lose money here, and what the ranking scores
  • Verification failure: an invalid state or transfer is accepted.
    Scored by Security inherited from settlement layer · 35% (dYdX Chain 1/10)
    Scored by Operators running the chain today · 20% (dYdX Chain 7/10)
  • Liveness failure (dYdX Chain 1/10): the operator stops, censors you or loses data.
    Scored by Permissionless exit without the operator · 25%
Not assessed by this ranking: Contract failure, Control failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Measured liquidity on arrival (20%).
Perp DEXs
How you can lose money here, and what the ranking scores
  • Contract failure: the code holding the funds is exploited.
    Scored by Security & track record · 60%
  • Control failure: a key or vote changes the rules, freezes or mints.
    Scored by Decentralization & trust-minimization · 40%
Not assessed by this ranking: Oracle failure, Insolvency failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Perp House Vaults
How you can lose money here, and what the ranking scores
  • Control failure (dYdX MegaVault 6/10): a key or vote changes the rules, freezes or mints.
    Scored by When one trader's win is bigger than the pool, who pulls the plug — a rule I can read, or a vote I'll never hear? · 28%
  • Insolvency failure: the firm or issuer that owes you cannot pay.
    Scored by How much has this vault already lost when a trader won — and can I check that number myself, today, for free? · 32% (dYdX MegaVault 5/10)
    Scored by Who eats the loss before I do — and if I try to leave first, how much do they take? · 24% (dYdX MegaVault 2/10)
Not assessed by this ranking: Contract failure, Oracle failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Is the number they advertise what I actually earned, or does it quietly leave out what the traders took from me? (16%).