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TL;DR dYdX launches Unlimited, an update that allows the instant creation of perpetual futures markets without the need for governance approvals. The new MegaVault feature provides immediate liquidity to new markets, allowing users to earn passive yields by depositing USDC.
Popular decentralized exchange (DEX) dYdX — currently offering perpetual trading options for over 35 popular cryptocurrencies — is set to unveil its most ambitious upgrade yet. Labeled ‘dYdX Unlimited,' the update will feature a number of comprehensive enhancements that promise to offer traders increased flexibility while simultaneously providing them with new passive income streams.