Proof of Usefulness Report

DYdX Foundation

Analysis completed on 2/6/2026

+504
Proof of Usefulness Score
Industry Mainstay

The project represents the dYdX Foundation, a major player in the decentralized finance (DeFi) sector with significant verifiable volume and utility. However, the submission quality is critically low, featuring likely placeholder data ('ShadowClaw'), dubious email formatting, and demonstrably false traction claims ('most people have used my product'). While the underlying entity is high-value (Unicorn status), the score is heavily penalized due to the lack of credible evidence provided in the entry and the poor response quality.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+225.0
Audience Reach Impact+70.0
Technical Innovation+60.0
Evidence Of Traction+106.25
Market Timing Relevance+90.0
Functional Completeness+2.5
Subtotal+553.75
Usefulness Multiplierx0.91
Final Score+504

Project Details

Project URL
dydx.foundation
Description
The dYdX Foundation is an independent not-for-profit foundation headquartered in Zug, Switzerland. By fostering decentralized governance and empowering traders with powerful, transparent, and open crypto-financial technology, the dYdX Foundation will help push the dYdX protocol forwards towards community-led growth, development, and self-sustainability. The dYdX Foundation's Council members include Arthur Cheong, Rebecca Waldman, and Markus Spillmann. Please remain vigilant and cautious, we have noticed an increase in potential scam activity via LinkedIn. The dYdX Foundation only communicates with candidates via corporate email (domain: @dydx.foundation) and always in response to an application through our official job postings on LinkedIn and the official website (dydx.foundation/careers). We will never reach out to potential candidates directly offering job roles that are not listed in our website.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline