dYdX Chain to Launch Major Upgrade This Fall

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Cryptodnes2024/08/14 22:39

By:Cryptodnes

dYdX Chain is preparing to launch its most significant update yet this fall, which is set to bring transformative changes to the decentralized exchange (DEX) sector.

The new upgrade will introduce features that allow users to list a wide range of markets on dYdX Chain without requiring prior approval.

By depositing USDC into a new feature called MegaVault, users can create and manage markets, including those for cryptocurrencies and predictions.

MegaVault will automate order placements on new markets, providing immediate liquidity and simplifying market making. This central feature will act as both a major liquidity source and market maker across dYdX Chain.

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In addition to these enhancements, dYdX is launching an affiliate program where users can earn rewards by referring new traders. After trading $10,000, users will receive a unique affiliate link to invite others.

Referrals will benefit from lower trading fees, while affiliates can earn up to $1,500 monthly based on their referrals’ trading activity, with additional incentives available.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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