dYdX Announces LP Vaults to Bolster Liquidity on Protocols Using dYdX Chain Software
dYdX Announces LP Vaults to Bolster Liquidity on Protocols Using dYdX Chain Software
🤯 LP Vaults Incoming!
dYdX has announced the upcoming launch of LP Vaults, which will enable anyone to provide automated liquidity strategies by depositing USDC into a vault. The pooled USDC will be used to automatically provision liquidity on both sides of the order book in a decentralized and non-custodial manner. The LP Vaults aim to provide liquidity at all times while being economically viable over the long term, with zero net exposure on each market. Depositors will receive any profits, losses, maker fee rebates, or trading rewards generated by the vault's trades. LP Vaults will be deployed in phases, with an experimental version supporting only deposits in Phase 1, and the ability for depositors to withdraw and front-end functionality added in Phase 2. dYdX Trading advises that any deposits into the experimental LP Vaults be limited in volume and to protocol community funds.
Last week we announced LP Vaults for the first time. You may be wondering, "bruh wtf are LP Vaults??" Basically, they bolster liquidity on protocols using dYdX Chain software and here’s how 🤓
LP Vaults coming soon to help bolster liquidity for all markets on protocols using dYdX Chain software! These will be especially useful for newer markets that likely have limited liquidity! 🔒 dydx.exchange/blog/lp-vaults
dYdX Launches $30K Pocket Pro Bot Affiliate Program
**dYdX has launched its Pocket Pro Bot Affiliate Booster Program** with $30,000 in rewards up for grabs. **How it works:** - Refer new traders to dYdX or Pocket Pro Bot - Climb affiliate leaderboards based on referral performance - Earn your share of the reward pool This program runs alongside dYdX's ongoing **$100K trading competition** and various side quests offering additional prize pools. The Pocket Pro Bot allows users to trade perpetuals and Solana tokens directly within Telegram, making trading more accessible and social. [Join the affiliate program](https://www.dydx.xyz/blog/pocket-pro-bot-side-quests-6-000-prize-pool)
🏆 Challenge Winners Revealed
**dYdX announces Challenge 1 winners** from their Pocket Pro Bot Challenge Series. - Winners list now available on official blog - Rewards sent directly to submitted dYdX Chain addresses - Part of ongoing trading bot competition series Participants can check the [full winners list](https://www.dydx.xyz/blog/pocket-pro-bot-challenge-series-challenge-1-winners-announced) to see if they qualified for rewards.
dYdX Challenge 1 Concludes, Winners Pending Announcement
**Challenge 1 Complete** dYdX's first weekly trading challenge has officially ended. Winners will be announced soon. **What's Next** - Challenge 2 launches at 12:00 UTC - Participants should stay tuned for winner reveals The exchange continues its weekly challenge series to engage traders on its platform.
🚀 dYdX Nears 250 Markets
**dYdX is rapidly approaching 250 trading markets**, marking significant growth for the decentralized exchange. **Recent additions include:** - $ASTER - $AVNT - $XPL This represents substantial expansion from **125 markets in August 2024** to nearly 250 today. The platform continues adding new trading pairs regularly, giving users more options for decentralized trading. [View all markets](https://dydx.trade/markets)
⏰ Last Hours: dYdX Pocket Pro Challenge 1 Deadline
**Challenge 1 of dYdX's Pocket Pro Challenge Series ends today at 23:59 UTC.** Traders have just hours left to participate in the first challenge of this new series on the dYdX exchange. - Final deadline: **23:59 UTC today** - Part of the broader Pocket Pro Challenge Series - Registration and participation still open [Join the challenge](https://www.dydx.xyz/pocketprochallenge?utm_source=dYdXTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial) before time runs out.