dYdX, a leading decentralized finance (DeFi) platform, has announced the upcoming release of dYdX Unlimited this fall. The new platform introduces groundbreaking features designed to revolutionize trading experiences on the dYdX chain.
Key Features of dYdX Unlimited
Permissionless Market Listing
- User Empowerment: List any market on the dYdX chain without governance approval.
- Liquidity Requirement: Deposit a specified amount of USDC into the MegaVault to ensure instant liquidity for new markets.
MegaVault: The Central Liquidity Pool
- Passive Income: Acts as a market maker for all dYdX chain markets, offering high APR to liquidity providers.
- Profit Sharing: Participants earn a share of profits generated from pooled deposits.
Affiliate Program
- Earn Commissions: Refer others and earn a portion of their trading fees.
- Unlock Potential: Trade $10,000+ to activate your affiliate link, with earnings capped at $1,500 monthly per referral.
Restricted Access Keys
- Enhanced Security: Customizable wallet permissions for institutional and high-net-worth traders.
- Trusted Environment: Adds an extra layer of security to transactions.
Additional Upgrades
- Redesigned UI: Streamlined interface for better usability.
- Simplified Onboarding: Easier access for new users.
- Future Integrations: Expect more innovative additions in the coming months.
Why dYdX Matters
dYdX is committed to democratizing financial opportunities through decentralized technology. The dYdX chain marks a significant milestone in this mission.
FAQs
Q: When will dYdX Unlimited launch?
A: Scheduled for release in fall 2024.
Q: How does the MegaVault work?
A: It aggregates liquidity to act as a market maker, sharing profits with depositors.
Q: Is there a minimum deposit for new markets?
A: Yes, users must deposit USDC into the MegaVault to ensure liquidity.
Q: Can anyone join the affiliate program?
A: After trading $10,000, users can generate their unique affiliate link.