dYdX (DYDX) Unveils Unlimited Trading Platform with New Features
Joerg Hiller Aug 14, 2024 03:08
dYdX announces the fall release of dYdX Unlimited, introducing permissionless market listing, MegaVault, an affiliates program, and more.
dYdX, a leading decentralized finance (DeFi) platform, has announced the upcoming release of dYdX Unlimited, slated for this fall. The new platform promises a suite of innovative features designed to enhance the trading experience on the dYdX Chain, according to dYdX.
Permissionless Market Listing
One of the standout features of dYdX Unlimited is permissionless market listing. Users will be able to list virtually any market on the dYdX Chain without needing governance approval. To launch a new market, users must deposit a specified amount of USDC into the MegaVault, ensuring instant liquidity.
Introducing MegaVault
MegaVault is a master liquidity pool that acts as a market maker for all dYdX Chain markets. It sources liquidity from user deposits and offers a share of its profits to participants, promising a high annual percentage rate (APR). This feature aims to provide passive income opportunities for liquidity providers.
Affiliates Program
dYdX Unlimited also introduces an affiliates program, allowing users to earn a share of trading fees by referring others to the platform. Users can unlock their affiliate link by trading at least $10,000 and potentially earn up to $1,500 per month per referral.
Permissioned Keys
To enhance security, dYdX Unlimited will offer permissioned keys, allowing users to control access to their wallets. This feature is expected to attract institutional and high-value traders by providing a more secure and customizable trading environment.
In addition to these major updates, dYdX Unlimited will feature a refreshed user interface, easier onboarding, and several exciting integrations in the coming months.
About dYdX
dYdX aims to democratize access to financial opportunities through its DeFi platform. The dYdX Chain represents a significant step forward in this mission.
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