dYdX Chain Upgrade Brings Novel Features And Enhanced Security
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LIVE UPDATES • dYdX Chain Upgrade Brings Novel Features And Enhanced Security • Spot Ethereum ETFs Gain $24M, Grayscale’s ETHE Sees Negative Flows • WebX 2024 in JAPAN: A Two-Day Gathering of Companies Venturing into Web3, Led by the Anime Industry • New CTO Andre Cronje Will Lead Sonic Labs Going Forward • Bloomberg: Ripple Legal Case Is a Good Sign for Other Crypto Companies to Fight the SEC • Top Cryptocurrencies to Watch in 2024 • DRW Ethereum ETF Investment Revealed With $150 Million • Solana Overtakes Ethereum as This New Coin Gains Momentum • Coinbase in Hawaii Is Now Back in Business After 7 Years • 5 Tokens To Turn $10 Investment Into $1,000 In 2024
News dYdX Chain Upgrade Brings Novel Features And Enhanced Security 1 min - Around 2 mins mins to read
Key Points:
The dYdX Chain update adds permissionless market listing and MegaVault for better liquidity.
MegaVault ensures market liquidity and provides profitable passive income.
Users can earn up to $1,500 monthly via referrals, and permissioned keys boost security.
The dYdX Chain upgrade introduces permissionless market listing, MegaVault for liquidity, and permissioned keys for security.
The biggest update to hit dYdX Chain since it launched will bring a host of pioneering features, including permissionless market listing, MegaVault as master liquidity pool, and permissioned keys enhancing security.
Pioneering Features in the Latest dYdX Chain Upgrade
Permissionless market listing means users can instantly list virtually any market without governance approval. To launch a new market, the user must deposit some USDC into MegaVault, as determined by governance.
According to their official statement, MegaVault will quote orders automatically and thus guarantee liquidity to every new market. The feature has not existed in any other decentralized or centralized exchange and is unique to the dYdX Chain.
MegaVault is the master liquidity pool and market maker for all dYdX Chain markets. The liquidity comes from user deposits, allowing participants to gain profits proportionate to the liquidity pool and earn a share of protocol revenue.
At this expected APR level, it is one of the most profitable strategies for passively earning income for active traders and risk-averse investors.
Read more: Kamala Harris Proposes 28% Crypto Tax Rate For Wealthy Fairness: BBG
Enhanced Security and Affiliate Program
Upgrading, the addition also adds an affiliate program that enables users to earn up to $1,500 monthly per referral by sharing trading fees with invited friends. One must trade a minimum of $10,000 to unlock an exclusive affiliate link.
Permissioned keys will enable controlled access to specific actions, such as depositing or withdrawing funds, to increase wallet security.
By introducing permissioned keys, we’re aiming to provide a more secure and customizable environment for institutional and high-value traders.
Future updates to the refreshed user interface will facilitate easier onboarding and several cool new integrations. These improvements move the dYdX Chain a step further toward democratizing financial opportunities.
dYdX dYdX Affiliate Program DYDX chain dYdX USDC
Author Thana
I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
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dYdX Chain Upgrade Brings Novel Features And Enhanced Security
Key Points:
The dYdX Chain update adds permissionless market listing and MegaVault for better liquidity.
MegaVault ensures market liquidity and provides profitable passive income.
Users can earn up to $1,500 monthly via referrals, and permissioned keys boost security.
The dYdX Chain upgrade introduces permissionless market listing, MegaVault for liquidity, and permissioned keys for security.
The biggest update to hit dYdX Chain since it launched will bring a host of pioneering features, including permissionless market listing, MegaVault as master liquidity pool, and permissioned keys enhancing security.
Pioneering Features in the Latest dYdX Chain Upgrade
Permissionless market listing means users can instantly list virtually any market without governance approval. To launch a new market, the user must deposit some USDC into MegaVault, as determined by governance.
According to their official statement, MegaVault will quote orders automatically and thus guarantee liquidity to every new market. The feature has not existed in any other decentralized or centralized exchange and is unique to the dYdX Chain.
MegaVault is the master liquidity pool and market maker for all dYdX Chain markets. The liquidity comes from user deposits, allowing participants to gain profits proportionate to the liquidity pool and earn a share of protocol revenue.
At this expected APR level, it is one of the most profitable strategies for passively earning income for active traders and risk-averse investors.
Read more: Kamala Harris Proposes 28% Crypto Tax Rate For Wealthy Fairness: BBG
Enhanced Security and Affiliate Program
Upgrading, the addition also adds an affiliate program that enables users to earn up to $1,500 monthly per referral by sharing trading fees with invited friends. One must trade a minimum of $10,000 to unlock an exclusive affiliate link.
Permissioned keys will enable controlled access to specific actions, such as depositing or withdrawing funds, to increase wallet security.
By introducing permissioned keys, we’re aiming to provide a more secure and customizable environment for institutional and high-value traders.
Future updates to the refreshed user interface will facilitate easier onboarding and several cool new integrations. These improvements move the dYdX Chain a step further toward democratizing financial opportunities.
Visited 1 times, 1 visit(s) today
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Key Points:
The dYdX Chain update adds permissionless market listing and MegaVault for better liquidity.
MegaVault ensures market liquidity and provides profitable passive income.
Users can earn up to $1,500 monthly via referrals, and permissioned keys boost security.
The dYdX Chain upgrade introduces permissionless market listing, MegaVault for liquidity, and permissioned keys for security.
The biggest update to hit dYdX Chain since it launched will bring a host of pioneering features, including permissionless market listing, MegaVault as master liquidity pool, and permissioned keys enhancing security.
Pioneering Features in the Latest dYdX Chain Upgrade
Permissionless market listing means users can instantly list virtually any market without governance approval. To launch a new market, the user must deposit some USDC into MegaVault, as determined by governance.
According to their official statement, MegaVault will quote orders automatically and thus guarantee liquidity to every new market. The feature has not existed in any other decentralized or centralized exchange and is unique to the dYdX Chain.
MegaVault is the master liquidity pool and market maker for all dYdX Chain markets. The liquidity comes from user deposits, allowing participants to gain profits proportionate to the liquidity pool and earn a share of protocol revenue.
At this expected APR level, it is one of the most profitable strategies for passively earning income for active traders and risk-averse investors.
Read more: Kamala Harris Proposes 28% Crypto Tax Rate For Wealthy Fairness: BBG
Enhanced Security and Affiliate Program
Upgrading, the addition also adds an affiliate program that enables users to earn up to $1,500 monthly per referral by sharing trading fees with invited friends. One must trade a minimum of $10,000 to unlock an exclusive affiliate link.
Permissioned keys will enable controlled access to specific actions, such as depositing or withdrawing funds, to increase wallet security.
By introducing permissioned keys, we’re aiming to provide a more secure and customizable environment for institutional and high-value traders.
Future updates to the refreshed user interface will facilitate easier onboarding and several cool new integrations. These improvements move the dYdX Chain a step further toward democratizing financial opportunities.
Visited 1 times, 1 visit(s) today