dYdX (DYDX) Unveils Unlimited Trading Platform with New Features

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.

Image
source:
Shutterstock