Autumn

Bitcoin

USDC

Rewards

dYdX Chain has announced that it will be rolling out its most significant upgrade since its inception, scheduled for release this fall. The update introduces a number of groundbreaking features that will redefine the decentralized exchange (DEX) landscape.
<h2 id="dydx-chain-prepares-to-launch-major-autumn-update">dYdX Chain Prepares to Launch Major Autumn Update</h2>
The upcoming upgrade will allow users to list almost any market on dYdX Chain without needing management approval.
By depositing a certain amount of USDC into MegaVault, users can create new markets that include cryptocurrencies and prediction markets.
MegaVault will then automatically place orders on newly launched markets, providing instant liquidity. This feature, unique to dYdX, aims to remove barriers to market making and provide instant liquidity for all new listings.
MegaVault is a central innovation in this upgrade, serving as a main liquidity pool and market maker for all dYdX Chain markets.
Related News: <a href="https://en.bitcoinsistemi.com/how-much-would-btc-price-be-now-if-bitcoin-etfs-were-not-approved-here-is-bloomberg-analysts-prediction/" target="_blank" rel="noopener noreferrer nofollow">How Much Would BTC Price Be Now If Bitcoin ETFs Were Not Approved? Here is Bloomberg Analyst's Prediction</a>
By depositing USDC into MegaVault, users can passively provide liquidity across the platform without having to choose specific markets.
MegaVault will distribute liquidity generated from user deposits and share both its profits and protocol revenue with contributors, potentially offering high APR yields.
dYdX is also launching an affiliate program that rewards users for referring new traders. After trading at least $10,000, users can get a special affiliate link to refer friends.
New traders will benefit from discounted rates, while affiliates will earn a share of the trading fees generated by their referrals. Rewards can reach up to $1,500 per month per referral, with additional bonuses and benefits available depending on community management decisions.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/popular-dex-platform-announces-its-long-awaited-update-will-be-released-in-the-fall/" rel="noopener noreferrer nofollow">Popular DEX Platform Announces Its Long-Awaited Update Will Be Released in the Fall!</a>

Popular DEX Platform Announces Its Long-Awaited Update Will Be Released in the Fall!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Aug 14, 2024

iAgent Protocol Unveils Revolutionary Human-Trained AI-Agent from Visual Data

Binance Removes Certain Trading Pairs to Improve Market Quality

Why Do Most Memecoins Fail?

Synthetix Team Launches New Blockchain Network

WebX 2024 in JAPAN: A Two-Day Gathering of Companies Venturing into Web3, Led by the Anime Industry

CertiK: Vow suffered $1.2m exploit, token plunged 80%

Join our free newsletter for daily crypto updates!