dYdX Unlimited: A New Era of DeFi Trading With Instant Market Creation and Liquidity

Popular decentralized exchange (DEX) dYdX — currently offering perpetual trading options for over 35 popular cryptocurrencies — is set to unveil its most ambitious

Decentralized exchange (DEX) dYdX is preparing to launch a major upgrade called ‘dYdX Unlimited,’ which will introduce several new features designed to enhance the trading experience and provide users with additional passive income streams.

One of the key features of dYdX Unlimited will be its instant market listings capability. Currently, most crypto exchanges have lengthy approval processes for listing new markets, which can take several weeks or even months. However, with dYdX Unlimited, users will be able to create new markets almost instantly.

To facilitate this rapid deployment, dYdX Unlimited will be powered by a robust liquidity system that will require an initial deposit of 10,000 USDC to ensure long-term market stability. By eliminating the traditional bottlenecks associated with listing digital assets, dYdX Unlimited will allow users to capitalize on emerging DeFi opportunities as they arise.

After the upgrade, a wide range of assets will be fully supported and will be backed by oracle price data from multiple trusted sources, including Raydium, Ethereum, Base, and select centralized exchanges (CEXs), ensuring reliable price discovery for newly listed markets.

A closer look at ‘MegaVault’ and its passive income capabilities

In addition to the ‘instant market listing’ feature, the dYdX Unlimited upgrade will introduce a new technology called the ‘MegaVault,’ which is a advanced liquidity pool designed to generate passive returns for investors through its various market-making strategies.

Once deployed, it will allow users to deposit USDC and earn yields by providing liquidity across various markets on dYdX. However, what should set MegaVault apart from the rest of the fray is its automated approach to liquidity provision, which aims to optimize returns while minimizing the friction points associated with market-making activities.

MegaVault’s design combines elements from both traditional finance (TradFi) and DeFi. By pooling resources and distributing them efficiently across multiple markets, it aims to create a sustainable ecosystem that could benefit both traders and liquidity providers.

Finally, the system plans to allow participants to withdraw their funds at any time while maintaining stable market conditions by intelligently allocating liquidity. As a result, it should make sophisticated trading strategies accessible to a broader audience.

Using incentives to build a holistic trading ecosystem

The dYdX Unlimited update will introduce a revised rewards structure that will see both traders and market makers rewarded with native dYdX tokens, thus encouraging greater engagement and liquidity across its markets.

This four-month reward program will be complemented by an innovative Affiliate Program that will offer lifetime commissions for user referrals, along with the possibility of instant payouts.

The Affiliate Program is particularly notable as it will feature two unique tiers of participation. Standard tier affiliates will be able to earn up to 15% of taker fees from referred users, with potential earnings of up to $3,000 per referral over a 30-day period.

For high-performing affiliates, the VIP tier will offer enhanced benefits, including up to 50% of taker fees and potential earnings of up to $10,000 per referral over the same period. With this dual-tiered setup, those who contribute most to the platform’s expansion will be appropriately compensated.

With these comprehensive features and as more users join the platform, increasing its liquidity, dYdX appears set to offer a improved trading environment following the launch of this highly anticipated upgrade.

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