dYdX announces the upcoming launch of LP Vault, which will use dYdX Chain to help enhance liquidity in all protocol markets
dYdX, LP Vault will soon be launched. LP Vault allows anyone to use dYdX Chain's automatic liquidity strategy by depositing USDC. LP Vault will be applicable to all available cross or isolated markets and will be economically feasible in the long term. LP Vault may be deployed in stages to the dYdX Chain open source software. The first stage will be an experimental version of LP Vaults, which will implement deposit functionality. The second stage will add withdrawal functionality and updated pricing strategies.
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