🕯 Major dYdX update

dYdX has been a leader in the segment of derivatives decentralized exchanges for many years.

Last year, they launched their own dYdX Chain blockchain in the Cosmos ecosystem, and this year they will release a major update to their network called dYdX Unlimited.

The main innovations:

1) Permissionless Market Listings — users will be able to place almost any market with instant liquidity on the platform without the need for verification.

2) MegaVault is the main liquidity pool that will act as a market maker for all dYdX markets

3) Affiliates Program — a new referral program

4) Authorized Keys— keys with permission to increase security and improve wallet control. This ensures that only an authorized participant will be able to perform certain actions.

 All this will strengthen dYdX as the main exchange for derivatives and attract new users to the Cosmos ecosystem.

In the coming months, the dYdX team will share the rest of the update details,