dYdX is set to bring eternal futures to the prediction markets.

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DYdX is introducing perpetual futures to the prediction markets as part of the dYdX Unlimited update. The initiative includes MegaVault, a major liquidity pool to improve market liquidity.

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dYdX, a decentralized exchange plan to differentiate itself from centralized trading platforms and in an effort to attract more users to decentralized finance, plans to open perpetual futures on continuous prediction markets.

Charles D House, CEO of the dYdX Foundation, stated that they are working to allow users to place bets on the outcomes of binary events in perpetual futures contracts. According to d'Haussy, decentralized finance (DeFi) must offer unique products to distinguish itself from centralized platforms. Exx also says that prediction markets could provide a new opportunity for DeFi to regain focus. This move to prediction markets is part of the upcoming dYdX Unlimited update expected later this year.

dYdX unlimited

DIDX introduces several new features, including unlimited upgradeable license-free marketplace listings and a master liquidity pool called MegaVolt. With the protocol actively maintaining price and market parameters, users can propose to list any market on the DIDX chain. The community is already testing a foreign currency trading pair pegged to the Turkish lira.

To facilitate the exchange of funds for new markets, to launch them, users will deposit a fixed amount of USDC stablecoin into the MegaVault. This vault quotes orders and provides instant liquidation. Users can earn passive income by depositing USDC into Vault, which determines where liquidity is allocated.

While DIDX's August trading volume reached $21.2 billion, it still lags behind the centralized locations. The shift to prediction markets, where platforms like Polymarket saw more than $450 million in volume last month, could help dYdX capture more market share. The exchange is exploring other markets, such as foreign currencies and indices, as it seeks to expand its offerings and attract a wider range of traders.

In July, Crypto Briefing reported how dYdX was in talks to sell its results trading software to several crypto market makers.

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