dYdX Unlimited 推出新功能来改变去中心化交易

dYdX Unlimited 推出了旨在改变去中心化交易运作方式的新功能。

DeFi platform dYdX has unveiled several new features designed to transform decentralized trading.

DeFi 平台 dYdX 推出了多项旨在改变去中心化交易的新功能。

The platform now boasts Instant Market Listings, a feature that allows users to create and trade markets on the fly, eliminating the traditional approval processes and opening up new possibilities for faster liquidity access and greater flexibility for traders in the derivatives space.

该平台现在拥有即时市场列表功能，该功能允许用户动态创建和交易市场，消除了传统的审批流程，并为衍生品领域的交易者更快地获取流动性和更大的灵活性开辟了新的可能性。

Furthermore, dYdX is introducing MegaVault, an automated liquidity distribution tool across markets, enabling users to generate passive income by depositing USDC. This tool aims to support sustainable liquidity for all markets while offering yield opportunities through automated market-making strategies.

此外，dYdX 还推出了 MegaVault，这是一种跨市场的自动流动性分配工具，使用户能够通过存入 USDC 来产生被动收入。该工具旨在支持所有市场的可持续流动性，同时通过自动化做市策略提供收益机会。

“Instant, permissionless listings have driven waves of novel trading opportunities in DeFi. Now dYdX brings them to derivatives as well,” noted dYdX in a press release.

“即时、无需许可的上市推动了 DeFi 领域一波又一波的新颖交易机会。现在 dYdX 也将它们带入衍生品领域，”dYdX 在新闻稿中指出。

Moreover, dYdX Unlimited is updating its Trading Rewards program, allocating $1.5 million in DYDX tokens monthly and allowing users to earn tokens with every trade.

此外，dYdX Unlimited 正在更新其交易奖励计划，每月分配 150 万美元的 DYDX 代币，并允许用户通过每笔交易赚取代币。

Additionally, a new Affiliates Program enables users to earn commissions in USDC for referring others, with higher rewards for larger affiliates.

此外，新的联属会员计划使用户能够通过推荐他人赚取 USDC 佣金，而规模较大的联属会员可获得更高的奖励。

These features aim to streamline trading processes, enhance liquidity, and provide additional earning opportunities, supporting the ongoing evolution of decentralized finance platforms.

这些功能旨在简化交易流程、增强流动性并提供额外的盈利机会，支持去中心化金融平台的持续发展。

Community reactions have been largely positive, which is reflected in MegaVault yields post-launch. However, the sustainability of high annual percentage rate (APR) yields is questionable. In fact, during the early hours of the launch, the APR even surpassed 1,000%. As of writing, the platform offers an estimated APR of 177%.

社区反应基本上是积极的，这反映在 MegaVault 发布后的收益率上。然而，高年利率（APR）收益率的可持续性值得怀疑。事实上，在上线初期，年利率甚至超过了1000%。截至撰写本文时，该平台的年利率估计为 177%。

Liquidity is a crucial challenge in decentralized finance (DeFi), especially for new or less popular markets. These markets often lack sufficient liquidity, leading to issues like high price slippage and reduced trader participation.

流动性是去中心化金融（DeFi）的一个关键挑战，特别是对于新的或不太受欢迎的市场。这些市场往往缺乏足够的流动性，导致价格大幅下滑和交易者参与度降低等问题。

The rise of multi-chain ecosystems has further fragmented liquidity, spreading users and capital across different blockchains and creating inefficiencies.

多链生态系统的兴起进一步分散了流动性，将用户和资本分散在不同的区块链上，导致效率低下。

DeFi platforms also rely heavily on liquidity providers, whose withdrawal of funds during unfavorable conditions can destabilize markets. Attracting liquidity often requires costly incentives, which are not always sustainable, and non-traders frequently face limited opportunities to contribute to liquidity and earn passive income.

DeFi 平台还严重依赖流动性提供者，流动性提供者在不利条件下撤回资金可能会破坏市场稳定。吸引流动性通常需要昂贵的激励措施，而这并不总是可持续的，而且非交易者经常面临着为流动性做出贡献和赚取被动收入的机会有限。

dYdX Unlimited addresses these issues through its MegaVault feature, which ensures automatic liquidity allocation across markets, supports sustainable liquidity for new projects, and offers users a simple way to earn yield by depositing funds. These solutions help stabilize markets, reduce liquidity fragmentation, and make participation more accessible to active traders and passive investors, bolstering the DeFi ecosystem overall.

dYdX Unlimited 通过其 MegaVault 功能解决了这些问题，该功能确保跨市场自动分配流动性，支持新项目的可持续流动性，并为用户提供一种通过存入资金赚取收益的简单方法。这些解决方案有助于稳定市场，减少流动性碎片化，并使主动交易者和被动投资者更容易参与，从而整体支持 DeFi 生态系统。