dYdX Chain to Launch Major Upgrade This Fall

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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.