dYdX Unlimited Coming in November With Many New Features

Key Points:

• dYdX Unlimited allows users to list and trade perpetual futures on any asset instantly without the need for governance approvals or third-party permissions.
• Users can deposit $10,000 USDC into MegaVault for 30 days to provide liquidity to new markets, earning yield while ensuring immediate market liquidity.
• dYdX also introduces new Trading Rewards and an Affiliates Program to incentivize active trading and expand platform growth through community.

This November, dYdX is introducing dYdX Unlimited, a massive upgrade that is about to revolutionize the world of decentralized finance (DeFi).

Read more: dYdX v6 Upgrade Is Now Completed With Enhanced Features 

dYdX Unlimited Allows Instant Market Listings for Seamless Trading

In this update, Instant Market Listings will enable users to list and trade perpetual futures on virtually any asset without governance approval or permission through third parties.

Adding a market requires a user to deposit 10,000 USDC each into the central liquidity pool called MegaVault, which is part of dYdX Unlimited’s strategy. This unlocks “immediate liquidity for new markets” and is locked up for 30 days before it’s freely withdrawable.

MegaVault supports individual markets while also enhancing general protocol liquidity so that contributors can obtain yield while enabling effective trading.

New Trading Rewards and Affiliates Program Power Network Effects

Unlike traditional decentralized and centralized exchanges, dYdX Unlimited offers seamless ways to create new markets. Users will enjoy a seamless trading experience.

In addition to improving functionality, dYdX Unlimited boasts a new design of the Trading Rewards program to incentivize active market contributions. Another new feature, the Affiliates Program, will power this platform for growth through collaboration with community members and other influencers.