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500+ markets are now launchable on
dYdX
via Instant Market Listings btw
(In case you were wondering)
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Traded $10k in volume and wondering how to claim your dYdX affiliate link? Here's a guide to help you 🤝 Note: the $10k in volume includes levered trades (e.g. $500 on 20x leverage = $10k in volume)
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Why MegaVault is a Game Changer in Liquidity Provision Let’s break it down with numbers: 🔹 A 20% yield in $USDC could be considered attractive 🔹 dYdX protocol fees last year were around $40M. 🔹 The MegaVault will receive 50% of those protocol fees, which would have been around $20M last year. If we consider any yield above 20% attractive, this would mean that USDC stakers should provide up to $100M in liquidity to dYdX MegaVault just for the 20% return. But that's not all. A common issue for perp exchanges is that they're limited by liquidity - especially on long-tail markets. With this new liquidity flowing into dYdX markets via MegaVault, there's a good possibility of an increase in volume, leading to an increase in fees. For example, with $100M more in liquidity, dYdX volume could potentially double, leading to the fees in MegaVault increasing from $20M closer to $40M. From this increase, stakers who deposit $USDC into MegaVault could benefit from more returns due to the additional inflow of liquidity in the vault and decide to stake more. Pretty cool, right? To add to all of this, do note that liquidity coming from the MegaVault isn't the only stream of liquidity to new markets on dYdX. All the existing liquidity works alongside the MegaVault to ensure that markets are tradable. It's not a case of replacing the current liquidity; it's about adding more to it 🤝
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In just a week, more than 1,000 dYdX users have deposited $USDC into the MegaVault! Want to get access to the MegaVault's current 50% APR? Here's a guide ➡️ https://youtu.be/NjRRAnL-7ks
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New Instant Market Listing: $PNUT @pnutsolana is now available on dYdX! Visit dYdX ➡️ https://dydx.trade/trade/PNUT-USD?utm_source=dYdXTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial
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It's been a week since the launch of dYdX Unlimited 🚀 The new Instant Market Listings feature has been popular, with 16 new markets launched by the community! Have a look at some of the new markets available ⤵️
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