dYdX founder: dYdX will be updated to redesign the liquidation engine

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Cointime2023/11/19 00:51

By:Cointime

On November 19th, dYdX founder Antonio announced on social media that a series of updates regarding dYdX have been launched, including:

· Market updates will become easier, making the market more liquid;

· Maintenance margin functionality will become updatable (not available in V3);

· Maintenance margin functionality will be able to change with position size (not available in V3);

· The liquidation engine will be redesigned;

· Withdrawal requests will not be accepted if there are any negative assets in the account (until the relevant position is liquidated).

Antonio stated that all of the above updates will greatly help address the situation that occurred with YFI (on dYdX) and provide a safer service for each user. dYdX will gradually add more features and continue to prioritize risk and safety.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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