dYdX released a major software update, dYdX Chain v5.0, which brings four key updates to the platform:

1. Isolated Markets and Isolated Margin: allows for more markets to be listed and traders to confine collateral to specific positions.

2. LP (Liquidity Provider) Vaults: enables users to provide automated liquidity strategies on the platform by depositing USDC.

3. Slinky Sidecar and Raydium Integrations: improves the stability and speed of oracle price updates.

4. Other updates include batch order cancellations, performance improvements, a soft open interest cap, and full node streaming.

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