TL;DR
dYdX launches Unlimited, an update that allows the instant creation of perpetual futures markets without the need for governance approvals.
The new MegaVault feature provides immediate liquidity to new markets, allowing users to earn passive yields by depositing USDC.
A rewards program for traders and an Affiliates Program have been launched, offering commissions of up to $3,000 per month for referrals.
This November, dYdX launches Unlimited, one of the most important updates in the platform’s history, designed to revolutionize decentralized futures trading.
This new version introduces innovative features such as “Instant Market Listings,” a tool that allows users to create and trade perpetual futures on any asset without the need for governance approvals or third-party permissions. It will remove barriers and reduce wait times, allowing users to start markets instantly.
MegaVault
One of the key innovations in dYdX Unlimited is MegaVault, a central liquidity pool that enables the rapid supply of liquidity for new markets. Users can deposit $10,000 USDC into MegaVault for 30 days. In addition to providing immediate liquidity to newly created markets, it also allows users to earn passive yields. This strategy ensures that markets are efficient and liquid from the outset, providing a smooth and uninterrupted trading experience.
In addition to these features, dYdX has revamped its rewards program for traders, incentivizing more active users through a structure that allows them to earn rewards based on the volume of trades they generate. The higher the market participation, the greater the rewards, which promotes activity and enhances platform liquidity.
dYdX Launches an Affiliate Program
Also added is the new Affiliates Program, which allows users to earn commissions for each referral who trades on the platform. Affiliates can earn up to $3,000 per month in commissions, and users who achieve high trading volumes can access additional benefits through an exclusive VIP program.
With dYdX Unlimited, the platform also aims to expand its growth through mutual collaboration with its community. Its focus on creating instant markets and implementing a robust incentive system for active users positions the exchange as a strong competitor against traditional decentralized and centralized exchanges.
As Unlimited is rolled out, more features and improvements are expected to be implemented in the coming months
