In this article we see the latest crypto news from the famous decentralized exchange dYdX, where there are some updates on the CEO’s chair.
Front and center, we see how two days ago CEO Antonio Juliano declared his resignation, in favor of colleague Ivo Crnkovic-Rubsamen taking over.
Juliano does not definitively abandon dYdX but only steps down as CEO to embrace solely the position of founder and president of dYdX Trading Inc.
Let’s see everything in detail below.
Summary
dYdX crypto exchange: CEO Antonio Juliano resigns and Ivo Crnkovic-Rubsamen takes over
On Monday, May 13th, with a blog post that initially shocked the entire crypto community, the founder of the decentralized crypto exchange dYdX Antonio Juliano resigned from the position of CEO, definitively closing the chapter on his 7-year tenure.
Instead, his colleague and operational partner Ivo Crnkovic-Rubsamen takes over, who effectively takes over as the new CEO of the crypto derivatives platform.
However, Juliano will not completely abandon his project, but will only cover the role of president and founder of the company dYdX Trading Inc.
Within the post in which he announced the change of paradigm of the corporate board, the developer of decentralized apps and former engineer at Coinbase, stated the following with an emblematic and significant sentence about his relationship with dYdX:
“I will always be the leader of dYdX. I have no idea what will come next for me.”
Before stepping down as CEO and passing the baton to colleague and operating partner Ivo Crnkovic-Rubsamen, Antonio Juliano used his final words as project manager to recall some milestones marked by dYdX.
In 7 years of operation, the decentralized crypto trading platform has achieved brilliant results by recording cumulative trading volumes of over 1 trillion dollars and capturing a significant share of the DEX market.
The project also faced difficult moments, managing to survive the advance of Uniswap which in recent years has attracted most of the capital in DeFi, causing several similar startups to fail.
The now former CEO then reiterated his long-term vision for his application, stating that there are still many years of work ahead. These are his words on the matter:
“I look at what we are building in terms of decades. dYdX is a long-term game and we will not stop.”
Juliano strongly believes that DeFi will become one of the most crowded environments in the crypto sector and that derivative exchanges will play a significant role in attracting the next wave of capital and users.
The decision to step down from the CEO position, as described in the post, is motivated by personal choices that have led him to reflect on his role within the company, and to determine that he is actually no longer needed as CEO.
In the last two years, Juliano has focused on guiding the company executives in their personal leadership journeys, noting that his long-time friend Ivo Crnkovic-Rubsamen was able to embody all the key principles of the company.
At the beginning of this year Crnkovic-Rubsamen took over the direction of dYdX operations and in a few months achieved excellent results, according to Juliano.
The same then continued the speech explaining that he will continue to work closely with the new CEO and will always be the mind and heart of the project, while the company’s challenge towards the democratization of access to financial opportunities continues.
“I have a deep intuition that this is the next step of my journey and will transform me into the best leader I can be both for dYdX and beyond.”
Latest news for the dYdX ecosystem: eligibility for Starknet airdrop allocation now open
Another crypto news belonging to the dYdX universe concerns yesterday’s announcement of the Braavos wallet, with which users were reminded of their eligibility for the Starknet airdrop on the decentralized platform.
In particular, the X profile of Braavos publicly reiterated how about 20,000 addresses that have interacted with dYdX in the past still need to redeem the airdrop of the STRK token, for a total value of 3.5 million dollars.
Users have until June 20, 2024 to make the claim, then all remaining unclaimed rewards will be distributed in future rounds to benefit the Ethereum layer-2 community.
To verify your eligibility, you need to go to the official page of Starknet Provision, connect by clicking on “Sign in with StarkEx” and selecting the option “Connect with your dYdX wallet.”
Then check your STRK token allocation and execute the claim.
We remind you that in order to redeem the prize, the criteria established by the StarkNet Foundation require interacting with the cryptographic protocol dYdX at least 8 times by June 1, 2022.
Starknet, 3 months after the launch of its airdrop, which gave a whopping 2 billion dollars to its community of early adopters, is still being criticized for the system it used to identify eligible subjects to claim rewards.
In particular, the community praises the project’s decision to exclude all addresses that, as of the snapshot date (November 15, 2023), held a balance in the wallet lower than 0.005 ETH.
Today STRK loses about 51% from the listing price at 2.7 dollars, with a market capitalization back to 800 million dollars.
