Key Takeaways:
- dYdX Protocol Update: Version 5.0.0 introduces isolated margin, isolated markets, and Raydium Markets support.
- Mobile Trading: New Android app launched for enhanced mobile trading experience.
- Enhanced Functionality: Features like isolated margin and live price feeds improve trader options, stability, and allow rapid new token listings.
dYdX has launched version 5.0.0 of its protocol, introducing isolated margin, isolated markets, and support for Raydium Markets.
This upgrade includes a new Android app for mobile trading.
The newest upgrade to #dYdXChain is now live 🚀
— dYdX (@dYdX) June 18, 2024
This is the biggest and best upgrade yet, with brand new Isolated Markets, Isolated Margin, LP vaults, and 800+ new listable markets.
Let’s dive into the updates 🧵 pic.twitter.com/vT628K4M5i
The isolated margin feature allows traders to assign collateral to specific trades, reducing the risk associated with collateral exposure across multiple trades.
This change enhances trader options and protocol stability, and allows the listing of over 800 new markets.
The protocol also introduced live price feeds from decentralized exchanges via the “Slinky” oracle and support for Solana-based Raydium Markets, facilitating participation in Solana’s memecoin ecosystem.
v5.0.0 is the first upgrade toward our goal of truly permissionless markets. Over 800+ new markets are listable now with many more to come. https://t.co/lkRCF02YiY
— Paul Erlanger (@PaulErlanger) June 18, 2024
New token listings can be made in as little as four days, subject to a governance vote.
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