Leading standalone cryptocurrency exchange app chain dYdX will soon be launching Permissionless Market Listings and other security features in its next version. dYdX has announced what it calls “the biggest upgrade to the dYdX chain since launch,” featuring features that have never been seen before.
According to presentationdYdX will be launching permissionless marketplace listings, MegaVault, affiliate program, authorized keys and additional user interface features for a better onboarding process.
The unprecedented Permissionless Market Listing feature allows you to choose to start a new market from a virtually unlimited list of markets, including cryptocurrencies and prediction markets. Users who start a new market will then need to deposit USDC into their MegaVault.
MegaVault will then automatically initiate a quote order on that market, ensuring immediate liquidity for all new markets. As the name suggests, Permissionless Market Listing does not require governance approval.
dYdX’s MegaVault provides liquidity and passive income strategies to all users. In addition, another feature expected to be included in dYdX’s new look is ‘Permissioned Keys’. These keys are intended to improve security and control over users’ wallets.
Permission keys provide specific and controlled access to the wallet, ensuring that only authorized participants can perform certain actions, such as depositing or withdrawing funds. With these features, dYdX is set to take user experience and security to the next level.
Finally, the chain’s affiliate program allows users to earn up to $1,500 per month per referral. The official launch of the upgrade is expected this fall.
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