The post dYdX Unlimited – Reimagining DeFi + Derivatives appeared on BitcoinEthereumNews.com.

Charles d’Haussy is CEO of dYdX Foundation. The dYdX Foundation is an independent not-for-profit foundation headquartered in Zug, Switzerland. dYdX Foundation’s purpose is to support the dYdX protocol and to foster community-driven growth in the dYdX ecosystem. Why you should listen dYdX Unlimited has launched, marking one of the most significant upgrades to the dYdX exchange since the launch of the dYdX Chain in 2023. With dYdX Unlimited, users can instantly list and trade new markets with liquidity, earn passive yield through MegaVault, benefit from enhanced trading rewards, and earn lifetime commissions through the new Affiliate Program.  Key highlights of Unlimited include: Instant Market Listings: list any market with immediate liquidity. Anyone can launch a new leveraged market to trade crypto, prediction markets, and more with up to 20x leverage on dYdX. MegaVault Global Liquidity Pool: provide liquidity across all dYdX markets through automated market-making. Depositors have a potential passive income strategy by sharing in MegaVault’s P&L. Revamped Trading Rewards Program: A redesigned incentive structure that rewards both traders and market makers with DYDX tokens, encouraging engagement and liquidity over a 4-month period. Affiliate program: enable users to earn referral commissions, offering rewards up to $1,500/month per referral with a VIP program for high-performing affiliates.  Together, MegaVault and Instant Market Listings let investors trade anything, instantly, with liquidity. Supporting links Stabull Finance dYdX Andy on Twitter  Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.   Source: https://bravenewcoin.com/insights/dydx-unlimited-reimagining-defi-derivatives

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Filed under: News - @ November 23, 2024 11:13 pm