- Decentralized trade A major upgrade to Dydx’s chain has been announced, with new features that are intended to improve market security and liquidity. This autumn, the largest update to the Dydx Chain since its launch is expected to be deployed.
Dydx to Introduce Megavault and Permissionless Market Listings in Upcoming Chain Reorganization
The release states that permissionless market listing—a feature that lets users build new markets without needing governance approval—will be included in the next Dydx Chain version.
To ensure liquidity for these markets, Dydx is launching Megavault, a master liquidity pool that sources funds from user deposits automatically.
According to Dydx’s explanation on Tuesday, this new feature positions itself as a crucial element in preserving liquidity throughout the network by enabling users to generate passive income through the protocol’s revenue-sharing mechanism.
Dydx is introducing permissioned keys in addition to liquidity upgrades, giving customers more security and control over their wallets.
According to Dydx, this feature—which enables users limit specified actions within their wallets—is especially targeted at institutional and high-value traders.
Enhancements to the onboarding procedures, user interface, and possible third-party platform connections are all part of the chain upgrade. The future changes, according to the team, are a reflection of Dydx’s continuous attempts to solidify its position in the decentralized finance (defi) market.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
