dYdX platform has announced the launch of dYdX Unlimited in November, unveiling updates promising to transform decentralized finance (DeFi) with instant asset listings.
Instant Asset Listings on dYdX Unlimited
By using dYdX Unlimited, users can list and trade perpetual futures on nearly any asset without needing governance approval or third-party involvement.
Role and Benefits of MegaVault
To launch a market in dYdX Unlimited, users need to deposit 10,000 USDC into a central liquidity pool called MegaVault. This deposit provides immediate liquidity for new markets. Depositors can earn a share of revenue from the pool as well as protocol revenue decided by platform governance. MegaVault supports individual markets while bolstering the overall protocol liquidity.
Additional Features and Programs of dYdX Unlimited
The platform offers new features for seamless market creation, including an updated trading rewards program and a new affiliate program to engage community members and influencers.
dYdX Unlimited promises to revolutionize the DeFi landscape with new features and programs that foster growth and user engagement.
