KEY TAKEAWAYS
- dYdX introduces CoinRoutes as the first governance-approved on-chain revenue partner, enhancing its Partner Revenue Share model.
- The new model allows partners to earn a share of trading fees, aligning incentives within the dYdX ecosystem.
- CoinRoutes’ integration is expected to boost dYdX’s market presence by providing access to its liquidity and expanding order flow.
dYdX has announced CoinRoutes as the first governance-approved on-chain revenue partner on the dYdX Chain. This development is part of dYdX’s new Partner Revenue Share model, which rewards third-party services for routing order flow to the dYdX Chain.
The Partner Revenue Share model, recently introduced by dYdX, allows partners to earn a share of the trading fees generated by users they refer. This initiative aims to align incentives within the dYdX ecosystem, thereby strengthening its reach among traders and institutions.
CoinRoutes, a leading provider of algorithmic trading and smart order routing technology, will integrate with the dYdX Chain to offer its clients access to dYdX’s liquidity. This partnership is expected to bring additional order flow to the protocol, expanding dYdX’s market presence.
Why CoinRoutes?
CoinRoutes is recognized for its institutional reach, with a network of clients that includes hedge funds and active trading firms. The company’s technology is designed to minimize slippage and optimize performance across multiple liquidity pools, providing a competitive edge in execution.
The partnership aligns with dYdX’s vision for a decentralized trading infrastructure, as both entities share a commitment to transparent and efficient trading.
Looking Ahead
The launch of the Partner Revenue Share model and the onboarding of CoinRoutes marks a significant milestone for the dYdX Chain. By collaborating with high-quality partners like CoinRoutes, dYdX aims to foster protocol-aligned growth, enhance user access, and expand its reach into new trading communities globally.
For more details, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
dYdX has announced CoinRoutes as the first governance-approved on-chain revenue partner on the dYdX Chain, marking a significant step in its Partner Revenue Share model designed to incentivize third-party services.
Recent industry reports indicate a maturation of crypto revenue share models, balancing direct user incentives, institutional participation, and innovative financial product offerings to support sustainable revenue streams across the ecosystem. This aligns with dYdX’s initiative to expand its market presence through strategic partnerships like that with CoinRoutes.
As per insights from a AInvest report, dYdX’s revenue share model is centered on a transparent, onchain mechanism that allocates a substantial portion of trading fees directly to ecosystem partners, traders, and protocol stakeholders, aiming to incentivize growth and sustainability in decentralized perpetual trading. This supports the strategic impact of integrating CoinRoutes as a partner, enhancing dYdX’s reach and liquidity.
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