Roadmap Update

Going forwards, we aim to give more clarity on our roadmap. We prioritize based on feedback from traders and valuable discussions with our community. In the near term, we are prioritizing meaningful improvements for traders: stability during peak market volatility, reliable deposits and withdrawals in under a minute, new order types and other quality improvements. We see nailing these stability and trading experience improvements as a non-negotiable foundation on top of which to stack more innovative changes.

In addition to our existing professional users, we are focused on acquiring a new, more retail focused user segment. This has just begun with our recent release of a new streamlined mobile app. Going forwards, we will focus on releasing this UI on mobile web and Android. We will then focus on integrations with major wallets and third parties to make dYdX available to orders of magnitude more users.

Immediate Priorities (Next Two Months)

1) P0: Indexer Reliability (Website Stability During Market Volatility)

The dYdX Chain itself has performed well, but the website has suffered during volatility due to Indexer instability.

We have allocated 3 full-time engineers to fix reliability issues in the open-source Indexer. The goal is to eliminate downtime, stale data, and lingering throughput constraints by the end of Q1.

2) P0: Improved Deposits & Withdrawals (From 20 minutes to < 1)

dYdX, in partnership with Skip, is introducing a simplified deposit and withdrawal process, making it easier and faster to start trading. Users will be able to deposit and withdraw crypto and access their funds on the dYdX Chain in under a minute, as opposed to the traditional 18+ minute wait.

3) P0: New Mobile Interface

The new dYdX mobile app introduces a streamlined interface, designed to onboard the next generation of perpetual traders. After rolling out the simplified mobile experience, we will expand it to mobile web, which will represent a drastic improvement to the mobile trading experience. We have seen mobile web, especially through wallet browsers, to be a major contributor to retail usage.

4) P0: Web Front End Improvements (Faster Front End, New Order Types, Feature Parity)

These improvements include a faster rewrite of our front-end library, order feature parity with competitors (including reduce-only limit orders, scale orders, and TWAP orders) as well as much-requested features like funding rate payment history.

5) P1: Improved Transparency (New Website, More Frequent Communication)

Transparency in these next months is critical. To that end, we will be releasing bi-weekly development and deployment notes. Our goal is to show tangible wins that traders can see: reliability fixes, UI improvements, and frequent rollouts.

Medium-Term Plan (Rest of 2025)

After executing on our immediate priorities, we will release a more firm roadmap for the rest of the year.

Looking forward, we see significant opportunities for expansion, including:

Deepening our commitment to the Trade Anything thesis by broadening access to long-tail and unique markets, including:
- Expanding dYdX oracles to integrate with new price feed systems, allowing any type of asset to be traded.
- Updating the protocol to support pre-launch and real world assets.
- Connecting to Ethereum with IBC Eureka to support token transfers backed by ZK light client security. This opens the door to significant opportunities like spot trading and multi collateral.
- Improving the MegaVault to improve capital utilization and liquidity to attract more capital without compromising risk safeguards.
Expanding distribution to meet perpetual traders where they are through wallet and aggregator partnerships.
Improving the API trading experience for independent traders using Hummingbot, CCXT, or their own systematic trading systems.
Building technical prerequisites for community-driven tokeneconomics, including new rewards programs, tiered fee discounts for stakers, fee payments, and more.

Embracing a Startup Approach

Following my return as CEO, we’re committed to the startup grit: a lean startup made up of a dedicated group of builders. The goal is to ensure that over the next 2–3 years, dYdX stands as the leading decentralized derivatives venue—capable of capitalizing on this large and growing market.

Why We’re Confident in the Future

We’re not going away: There’s plenty of runway—$150M at dYdX Labs and hundreds of millions more in the DAO. dYdX has a 7+ year history, and we will continue to be long term focused.
Long term market: The DeFi derivatives market will continue to expand over time. Even with rapid growth, it is still <10% of centralized exchange volume. I believe it will take a few years still until the real inflection point where DeFi overtakes centralized exchange volume.‍
We’re in this to win: dYdX’s goals have always been big, and the opportunity remains as big as ever. We’ve realigned, restructured, and refocused. Now, we build—smarter, stronger, and with greater clarity than ever before.

Special Disclaimer

The software roadmap contained in this blog post (the “Roadmap”) refers exclusively to the dYdX Chain open-source software and was developed entirely and independently by dYdX Trading Inc (“dYdX Trading”). dYdX Trading has authorised the dYdX Foundation to make the Roadmap available to the public. The dYdX Foundation is fully independent from, and unaffiliated with, dYdX Trading, and shall not be held responsible for any statements, acts or omissions of dYdX Trading, including the Roadmap. The dYdX Foundation is making the Roadmap available to the public in good faith and for general informational purposes only, but we make no representations or warranties of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of the Roadmap or any information in this blog post. Under no circumstances shall the dYdX Foundation be held liable for any loss or damage of any kind incurred as a result of the use of this blog post or the information herein, including but not limited to direct, indirect, incidental, punitive, and consequential damages.

Legitimacy and Disclaimer

Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets.

dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as in other restricted jurisdictions. The dYdX Foundation does not operate or participate in the operation of any component of the dYdX Chain’s infrastructure.

The dYdX Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol and to foster community-driven growth in the dYdX ecosystem.

The dYdX Chain software is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain and/or its software or related components be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever. The dYdX Foundation does not make any representations, warranties or covenants in connection with the dYdX Chain software (or any implementations and/or components thereof), including (without limitation) with regard to their technical properties or performance, as well as their actual or potential usefulness or suitability for any particular purpose, and users agree to rely on the dYdX Chain software (or any implementations and/or components thereof) “AS IS, WHERE IS”.

Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. Users should conduct their own research and due diligence before making any decisions. The dYdX Foundation may alter or update any information in this post in the future at its sole discretion and assumes no obligation to publicly disclose any such change. This post is solely based on the information available to the dYdX Foundation at the time it was published and should only be read and taken into consideration at the time it was published and on the basis of the circumstances that surrounded it. The dYdX Foundation makes no guarantees of future performance and is under no obligation to undertake any of the activities contemplated herein.