On Monday, Charles d’Haussy, who previously worked at ConsenSys for over four years, most recently as director of strategic projects, was named CEO of the foundation. The dYdX Foundation was established to increase general public awareness of the protocol and is a non-profit organization operating out of Switzerland.

New leadership to foster the development

As CEO, his responsibilities will include fostering the expansion and improvement of the dYdX protocol, community, and the dydx Distributed Autonomous Organization (DAO). The newly appointed CEO has expressed his excitement about the prospect of collaborating with dYdX’s technology, community, and employees to expand people’s access to economic prospects.

According to Arthur Cheong, president of the dYdX Foundation council, d’Haussy’s experience working with stakeholders across industries would benefit the foundation as it moves into its next phase of development.

In a tweet, d’Haussy revealed that he had started working for the Foundation on September 26th, a full week before the announcement.

Completely Decentralized

d’Haussy’s involvement is also expected to foster dydx’s plans to become fully decentralized by the end of 2022.

Earlier this year, dYdX wrote a blog post announcing the protocol’s V4 update, in which they called the order book and matching engine the “primary aspect” of their platform’s decentralization.

In the blog, the dYdX team identified three major hurdles: ensuring decentralized throughput (transaction processing capacity), finality (off-chain trade matching), and fairness (operators not being able to extract benefit from legitimate trading activity).

The roadmap stated:

“With V4, dYdX will become fully decentralized. There will no longer be central points of control or failure of the protocol; all aspects of the protocol that can be controlled will be fully controlled by the community.”