These features have never been available on a DEX before

dYdX is a decentralized exchange for trading cryptocurrencies, which is based on smart contracts and offers an unrivaled trading experience for financial derivatives. The exchange is completely decentralized, in keeping with the Web3 movement – and this is met with strong approval in the world of decentralized cryptocurrencies.

With this advanced DEX, users interact directly with each other without resorting to a middleman. This creates a safe and transparent trading environment, financial inclusion, autonomy and democratization of financial markets. It’s no wonder that the stock exchange can look back on a strong community and successful career.

In the fall they plan to introduce the biggest update since the platform was created. A number of functions will see the light of day that have never before been seen on a decentralized or centralized exchange. Are you ready for dYdX Unlimited?

Register with dYdX today

These are the features you can look forward to this fall

As a user, you will soon be able to create your own listings. This allows you to list any market instantly without requiring community or government approval. And it works like this:

Permissionless Markets. Soon anyone can create a market on dYdX. (Image source: dYdX)

Users go to dYdX and choose from a list of almost unlimited markets (like cryptocurrencies or prediction markets). In the next step, a certain amount of USDC – determined by governance – must be deposited into the so-called MegaVault. The MegaVault then automatically begins placing orders in that market, providing immediate liquidity in all new markets.

But what is that actually? The MegaVault acts as a central liquidity pool and market maker for all markets on the dYdX Chain. He obtains the liquidity from the users. This means that anyone can deposit into the MegaVault and generate income from it. Not only do you benefit from the vault’s profits – which are generated as a market maker and liquidity provider – but you also receive a share of the protocol revenue determined by the governance. The whole thing is done passively. All you have to do is deposit your USDC.

The MegaVault from dYdX. (Image source: dYdX)

In addition, dYdX develops access-restricted keys to improve security and control over your wallets. These keys grant specific access and ensure that only authorized participants can perform certain actions such as deposits or withdrawals. This creates a safer, customizable environment for institutional and private traders, which also improves the integration of third-party providers with the dYdX chain.

Ultimately, you as a user can expect a new UI, simplified onboarding and exciting integrations in the coming months. Stay tuned for the next chapter at dYdX!

Register with dYdX today

This is dYdX and this is how you take part in the future affiliate program

dYdX is one of the market leaders in the field of decentralized crypto exchanges. The open source platform was founded in 2017 and now has an impressive product range.

Since its launch, dYdX has reached over $1 trillion in trading volume. This is a decentralized exchange (DEX) that uses its own blockchain based on Cosmos.

In the future you will be able to participate in the dYdX affiliate program. To unlock your exclusive affiliate code, you must trade more than $10,000. Then, when you invite friends to the platform, you earn a share of their trading fees, while your friends benefit from reduced fees – a win-win situation for everyone!

With the ability to earn up to $3,000 per month per referred friend, the rewards are significant. Additionally, if you think you could exceed this amount, there will be additional bonuses and perks. More on that in the future!

Interested? Join the crypto revolution immediately and enjoy the numerous advantages of dYdX.

You can find further information in the dYdX fire hub

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