dYdX Chain to Launch Major Upgrade This Fall
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
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.
Read More:
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.
Commentaries 
Fill in necessary fields and publish