dYdX will get a recent update for isolated margin, independent markets and radium support
After a community vote earlier this month, version 5.0.0 of the DIDX protocol is now live, introducing a variety of new features, including support for isolated margin, discrete markets, and radium markets.
Separate margin breaks with the traditional margin pool model by allowing traders to guarantee a specific trade, rather than exposing those funds to price movements across multiple trades.
Charles D. Houssey, CEO of the DIDX Foundation, highlighted the benefits of separating collateral and ensuring that each pool of collateral has some form of insurance. In a statement to Cointelegraph, the CEO explained, “Separate margin will introduce traders the option to trade any market as an independent position.” The executive continued:
“Traders are now able to limit holdings to a specific location and manually adjust their holdings for that location. This update creates more options for traders, maintains the stability of the protocol, and allows the registration of more than 800 new markets under management.”
The protocol announced the introduction of decentralized exchanges' live price feeds via “Slinky” Oracle and support for Radium Markets, a Solana-based automated market maker.
Related: Antonio Giuliano steps down as CEO of dYdX.
Traders on dYdX have the opportunity to participate in Solana's strong memecoin ecosystem on a permissionless list in four days until the governance vote.
The Solana memecoin craze
Solana's memecoin craze has fueled hundreds of thousands of new token listings over the past several months and prompted a flood of celebrity memecoins, both real and fake.
In May, Australian rapper Iggy Azalea launched her own memecoin, Mom, following the IGGY token scam listing.
Playing mom's launch, social media influencer Andrew Tate launched his own Solana-based memecoin, DADDY, creating an online competition between the two meme tokens, and even inspired a piece from digital artist Beeple.
Allegations of insider activity undermine both provisions.
According to a report from Bubble Maps, the DADDY and MOTHER startups showed a high amount of insider activity, with 30% of the supply and 20% of the supply respectively being bought by insiders before the official launch of Meme Tokens.
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