dYdX Chain Boosts Trading with Isolated Markets, Slinky Oracle, Android 🚀

The Latest Upgrade of dYdX Chain: Enhancing Functionality and User Experience

The dYdX community has recently approved the upgrade to dYdX Chain software v5.0.0, which was completed on June 6, 2024. This upgrade introduces several new features and improvements aimed at enhancing the platform’s functionality and user experience.

Key Highlights of dYdX Chain v5.0.0 Upgrade

1. Introduction of Isolated Markets and Isolated Margin

– The v5.0.0 upgrade brings about Isolated Markets, which significantly advances segregated collateral pools and dedicated insurance funds.
– This innovation allows for the support of a wider range of markets with varying risk profiles.
– Traders now have access to Isolated Margin, which enables them to confine collateral to specific positions, enhancing risk management and collateral efficiency.
– Moving away from the traditional cross-margining system where collateral requirements are interdependent across positions.

2. Expanding Market Universe with Slinky Oracle

– The launch of Slinky, a high-performance oracle provided by Skip, marks a significant step toward dYdX’s vision of permissionless markets.
– Slinky delivers guaranteed per-block price updates with millisecond refresh rates, utilizing dYdX Chain’s security.
– For the first time, real-time prices can be queried directly from decentralized exchanges on the dYdX Chain.
– Integration with Raydium allows for the listing of markets on the dYdX Chain, expanding the market widget universe significantly.
– This opens up the possibility of listing popular Solana meme coins within days, pending governance votes.

3. Enhanced Trading Flexibility with Android Support

– The release of the dYdX Chain trading app on Android offers traders greater control and flexibility.
– Combined with the introduction of Isolated Markets and Margin, traders can now access the platform on major mobile operating systems, including iOS.

Additional Features and Improvements

– The dYdX Chain software v5.0.0 includes batch order cancellation, the initial version of liquidity vaults, various risk and safety improvements, and overall performance enhancements.
– These updates collectively enhance the security, efficiency, and usability of the dYdX platform.

Discover More

Explore the detailed overview video to get an in-depth look at the new features and improvements in the dYdX Chain v5.0.0 upgrade.

About dYdX

dYdX is a leading decentralized exchange that enables crypto users to trade on margin through perpetual futures contracts. Committed to innovation, dYdX provides traders with advanced tools and a secure, efficient trading environment.