{"id":607838,"date":"2024-05-13T22:00:50","date_gmt":"2024-05-13T22:00:50","guid":{"rendered":"https:\/\/wncen.com\/?p=607838"},"modified":"2024-06-11T06:59:30","modified_gmt":"2024-06-11T06:59:30","slug":"dydx-sees-sudden-decline-as-founder-antonio-juliano-steps","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dydx-sees-sudden-decline-as-founder-antonio-juliano-steps\/","title":{"rendered":"dYdX Trading Inc Founder Antonio Juliano Steps Down As CEO, Token Takes a Hit"},"content":{"rendered":"

Antonio Juliano, the founder of dYdX Trading Inc., has announced his decision to “step down<\/a>” as Chief Executive Officer (CEO), citing a mix of “personal and professional reasons.”<\/p>\n

This move marks a significant change for the company behind the decentralized derivatives exchange<\/a> dYdX. Juliano will transition to the roles of Chairman and President, with Ivo Crnkovic-Rubsamen set to take over as CEO.<\/p>\n

Related Reading: dYdX Founder Skeptical Of Current Bull Run, Cites Low Participation<\/a><\/div>\n

Juliano Reflects On His Tenure And The Evolution Of dYdX<\/h2>\n

Juliano’s tenure as CEO saw dYdX grow into a prominent player in the decentralized finance (DeFi) sector, especially in derivatives trading.<\/p>\n

Reflecting on his journey since the dYdX whitepaper in 2017, Juliano shared in the announcement that moments of “overwhelming<\/a>” pressure made him consider stepping aside.<\/p>\n

Juliano noted:<\/p>\n

For my own part in this journey, I too have come far. I feel as though I’ve been gifted (and endured) a lifetime’s worth of adventure and growth since solo founding dYdX at 24. Chris Dixon once told me “founding is an emotional challenge disguised as an intellectual one”. I have now lived this, and know it to be true. dYdX has given me the rollercoaster of intense experiences from ibar, to excitement, to elation, to desolation. There have been times, many of them, when l’ve felt so overwhelmed I wanted to leave.<\/p><\/blockquote>\n

Notably, Juliano’s decision to change roles, as highlighted in the announcement, comes from a place of “personal satisfaction” and the “realization” that while he is irreplaceable as the founder, the role of CEO can be handed over to someone else.<\/p>\n

\n

Today, @AntonioMJuliano<\/a>, announced that he is transitioning from CEO of dYdX Trading Inc. to the role of President and Chairman. Antonio\u2019s product vision, leadership, and relentless dedication over the past 7 years have transformed dYdX from an idea into one of the largest DeFi\u2026 https:\/\/t.co\/iUdSmjtQ5T<\/a><\/p>\n

\u2014 dYdX (@dYdX) May 13, 2024<\/a><\/p><\/blockquote>\n

Impact Of The CEO Transition – Token Sees Sudden Drop<\/h2>\n

Ivo Crnkovic-Rubsamen, a long-time friend and collaborator of Juliano, is set to become the new CEO. Juliano expressed confidence in Crnkovic-Rubsamen’s ability to lead, noting that he has been “progressively” stepping back over the past two years, preparing for this transition.<\/p>\n

Juliano will continue influencing “major decisions” and strategy at dYdX, working closely with the new CEO to oversee day-to-day operations<\/a>.<\/p>\n

He emphasized that dYdX’s mission is far from complete, pointing to the growing importance of DeFi and derivatives in the crypto landscape, noting:<\/p>\n

dYdX is not finished. Not even close. The opportunity is bigger than ever now. It’s becoming incredibly obvious that DeFi will be the dominant way crypto is used, and derivatives will pily a large part in that.<\/p><\/blockquote>\n

Following the announcement of Juliano\u2019s step-down, the price of the dYdX’s token experienced a decline<\/a>, dropping by approximately 1.2% in the past 24 hours to a trading price of $2.01, with a 24-hour low of $1.94.<\/p>\n

\"dYdX
dYdX price is moving sideways on the 4-hour chart. Source: dYdX\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

This downturn contrasts with the general recovery in the crypto market,<\/a> highlighted by a 2.8% increase in Bitcoin over the same period.<\/p>\n

Related Reading: dYdX to Unlock Over 33 Million Tokens: Will Price Crash?<\/a><\/div>\n

Despite the dip in token price, dYdX\u2019s total value locked (TVL) has remained stable, with a slight increase of 2.37% over the past month. It has maintained a level above $130 million since March.<\/p>\n

\"dYdX
dYdX Total Value Locked (TVL). | Source: DeFillama<\/a><\/figcaption><\/figure>\n

Featured image from Unsplash, Chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

Antonio Juliano, the founder of dYdX Trading Inc., has announced his decision to “step down” as Chief Executive Officer (CEO), citing a mix of “personal and professional reasons.” This move marks a significant change for the company behind the decentralized derivatives exchange dYdX. Juliano will transition to the roles of Chairman and President, with Ivo Crnkovic-Rubsamen set to take over as CEO. Related Reading: dYdX Founder Skeptical Of Current Bull Run, Cites Low Participation Juliano Reflects On His Tenure And The Evolution Of dYdX Juliano’s tenure as CEO saw dYdX grow into a prominent player in the decentralized finance (DeFi) sector, especially in derivatives trading. Reflecting on his journey since the dYdX whitepaper in 2017, Juliano shared in the announcement that moments of “overwhelming” pressure made him consider stepping aside. Juliano noted: For my own part in this journey, I too have come far. I feel as though I’ve been gifted (and endured) a lifetime’s worth of adventure and growth since solo founding dYdX at 24. Chris Dixon once told me “founding is an emotional challenge disguised as an intellectual one”. I have now lived this, and know it to be true. dYdX has given me the rollercoaster of intense experiences from ibar, to excitement, to elation, to desolation. There have been times, many of them, when l’ve felt so overwhelmed I wanted to leave. Notably, Juliano’s decision to change roles, as highlighted in the announcement, comes from a place of “personal satisfaction” and the “realization” that while he is irreplaceable as the founder, the role of CEO can be handed over to someone else. Today, @AntonioMJuliano, announced that he is transitioning from CEO of dYdX Trading Inc. to the role of President and Chairman. Antonio\u2019s product vision, leadership, and relentless dedication over the past 7 years have transformed dYdX from an idea into one of the largest DeFi\u2026 https:\/\/t.co\/iUdSmjtQ5T \u2014 dYdX (@dYdX) May 13, 2024 Impact Of The CEO Transition – Token Sees Sudden Drop Ivo Crnkovic-Rubsamen, a long-time friend and collaborator of Juliano, is set to become the new CEO. Juliano expressed confidence in Crnkovic-Rubsamen’s ability to lead, noting that he has been “progressively” stepping back over the past two years, preparing for this transition. Juliano will continue influencing “major decisions” and strategy at dYdX, working closely with the new CEO to oversee day-to-day operations. He emphasized that dYdX’s mission is far from complete, pointing to the growing importance of DeFi and derivatives in the crypto landscape, noting: dYdX is not finished. Not even close. The opportunity is bigger than ever now. It’s becoming incredibly obvious that DeFi will be the dominant way crypto is used, and derivatives will pily a large part in that. Following the announcement of Juliano\u2019s step-down, the price of the dYdX’s token experienced a decline, dropping by approximately 1.2% in the past 24 hours to a trading price of $2.01, with a 24-hour low of $1.94. This downturn contrasts with the general recovery in the crypto market, highlighted by a 2.8% increase in Bitcoin over the same period. Related Reading: dYdX to Unlock Over 33 Million Tokens: Will Price Crash? Despite the dip in token price, dYdX\u2019s total value locked (TVL) has remained stable, with a slight increase of 2.37% over the past month. It has maintained a level above $130 million since March. Featured image from Unsplash, Chart from Tradingview<\/p>\n","protected":false},"author":580,"featured_media":520050,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,10923,1698,70707,54512,83961,92282,92281,86214],"class_list":["post-607838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-crypto-market","tag-decentralized-exchange","tag-decentralized-finance","tag-defi","tag-dydx","tag-dydx-ceo","tag-dydx-token","tag-dydxusdt"],"acf":[],"yoast_head":"\ndYdX Trading Inc Founder Antonio Juliano Steps Down As CEO, Token Takes a Hit<\/title>\n<meta name=\"description\" content=\"Antonio Juliano, the founder of dYdX Trading Inc., has announced his decision to "step down" as Chief Executive Officer (CEO), citing...\" \/>\n<meta name=\"robots\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"dYdX Trading Inc Founder Antonio Juliano Steps Down As CEO, Token Takes a Hit","url":"http:\/\/wncen.com\/news\/dydx-sees-sudden-decline-as-founder-antonio-juliano-steps\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dydx-sees-sudden-decline-as-founder-antonio-juliano-steps\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Optimism.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Optimism.jpeg?fit=553%2C311"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto market","decentralized exchange","decentralized finance","defi","dydx","dydx ceo","dydx token","dydxusdt"],"dateCreated":"2024-05-13T22:00:50Z","datePublished":"2024-05-13T22:00:50Z","dateModified":"2024-06-11T06:59:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"dYdX Trading Inc Founder Antonio Juliano Steps Down As CEO, Token Takes a Hit\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dydx-sees-sudden-decline-as-founder-antonio-juliano-steps\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dydx-sees-sudden-decline-as-founder-antonio-juliano-steps\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Optimism.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Optimism.jpeg?fit=553%2C311\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto market\",\"decentralized exchange\",\"decentralized finance\",\"defi\",\"dydx\",\"dydx ceo\",\"dydx token\",\"dydxusdt\"],\"dateCreated\":\"2024-05-13T22:00:50Z\",\"datePublished\":\"2024-05-13T22:00:50Z\",\"dateModified\":\"2024-06-11T06:59:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Optimism.jpeg?fit=553%2C311","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/607838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=607838"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/607838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/520050"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=607838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=607838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=607838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}