dYdX Acquires Pocket Protector in Bold DeFi Expansion

Main notes

• DYDX take a strategic step with the acquisition of the pocket protector.
• This is the first external acquisition ever that DYDX will participate.
• The acquisition of the pocket protector indicates that the company’s performance has improved.

DYDX derivative derivatives have taken a strategic step with the acquisition of Pocket Protector, a CRYPTO social trading platform. This is the first external acquisition ever in which the Defi Finance Protocol (Defi) will begin.

Highlight DYDX and Pocket Protector CuPlist

After acquiring the pocket protector, a large percentage of its engineering team will join to Dydx. Also, the participating founders Eddie Chang and Kaiser Kinbut will join Deadx as president and president, respectively. According to the founder of Dydx and CEO Antonio Juliano, Pocket Protector had a large number of nine members before this acquisition.

Both companies started discussing the deal in March and successfully closed it about a month later. According to Juliano, the deal was funded using a mixture of cash and Dydx codes, although he did not mention the specific value of the acquisition. With this deal, Dydx expands to new forms of trading. It also plans to integrate social features into its basic products.

Juliano claims to be enthusiastic about the presence of Zhang and Cenbot in leadership roles in the company. Previously, Zhang was the previous introduction to the product in Meta Platforms. He also participated in the establishment of the social App Fam and spent some time working on the growth of consumers in Eventbrite.

Likewise, Kinbote has an up to a decade of experience in developing local products, including product -led growth, distinctive symbol, and community building.

At the same time, Dydx

Dydx
0.68 dollars



24 hours fluctuation:
4.4 %


The maximum market:
508.95 dollars



Folder. 24h:
$ 31.79

Distinguished symbol now Trading At 0.6802 dollars after an increase of 3.94 % over the past 24 hours. It is reinforced by the acquisition update, the symbolic market value is about $ 507 million, and it has a fully reduced evaluation of about $ 645 million.

DYDX moves from the struggle for acquisition

The expansion is a big step for Dydx, taking into account the challenges it faced in the previous year. In October 2024, DYDX reduced its working power by 35 %, affecting both members of the basic team and operating employees. Juliano explained that a smaller team is necessary for the company to achieve its future vision, especially in the busy decentralized financing sector (Defi).

At that time, the total value of the Dydx Locked (TVL) was decreased dramatically, but today the situation varies.

As the conditions improved within the company, DYDX decided to launch a developer ecosystem program in December. DYDX agreed to allocate a value of $ 4 million to support the DEP ecosystem for 14 months, which is expected to end in about February 2026. It funded the program from the platform’s sub -cabinet.

The protocol came to this decision after the vote of society, which once again proves the strength of the decentralized governance model. Ultimately, 43 out of 60 active health and 813 accounts participated in everything that was voted on, and moved forward in the proposal. Participation rate was 57.38 %, with 75.02 % vote in favor of financing and 0.11 % vote “no”.

This $ 4 million has been appointed to the expenses of the program, including grants and incentives for developers who contribute to the infrastructure and tools for the platform.

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