dYdX Chain Upgrades to Version 5.0.0, Introduces Isolated Markets and Margin, Batch Order Cancellation and the Slinky Price Oracle

dYdX Chain has been successfully upgraded to version 5.0.0, which introduces several improvements to the blockchain platform.

Web3 technology company dYdX has announced the latest upgrade to its decentralized exchange (DEX) chain, introducing new features and capabilities to enhance the trading experience on its platform.

The dYdX Chain v5.0.0 now includes isolated markets and margin, batch order cancellation, and the integration of the Slinky price oracle provided by Skip Protocol.

Here's a closer look at the key highlights from the dYdX Chain v5.0.0 update:

A range of improvements for dYdX Chain

The latest upgrade introduces several improvements to the dYdX Chain, including the ability to create isolated markets and use isolated margin.

With isolated margin mode, users can allocate collateral to specific trading positions without having to source margin from their entire portfolio. This introduces new risk management options, as a position in isolated margin mode doesn't affect the margin requirements of other positions. According to the dYdX Foundation, this feature could enable hundreds of new markets to become available on the dYdX Chain.

Another recent development for the project is that the dYdX Chain trading app is now also available on Android mobile devices in addition to iOS devices.

A DEX with the user experience of a CEX

The dYdX trading platform allows users to trade a large variety of cryptocurrencies in a fully decentralized manner, even though the user experience is similar to trading on a centralized exchange.

dYdX also differentiates itself from decentralized exchanges such as Uniswap by offering access to leverage, allowing users to enter positions larger than the amount of capital they commit to the position. The protocol supports leverage of up to 20x, which is lower than what's offered by centralized trading platforms but should still suffice for the majority of traders.

At the time of writing, the most active market on dYdX is ETH/USD, with $487 million in trading volume and $71 million in open interest. BTC/USD is in second place, with $368 million in volume and $47 million in open interest.

Through dYdX's governance system, users can propose new markets to be added to the dYdX platform. Such proposals are approved or rejected by the community of DYDX token holders.

News source：https://www.kdj.com/cryptocurrencies-news/articles/dydx-chain-upgrades-version-introduces-isolated-markets-margin-batch-cancellation-slinky-price-oracle.html

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