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dYdX founder: dYdX will be updated and the liquidation engine will be redesigned
2023-11-19 00:29
Odaily News dYdX founder Antonio posted on the X platform that he has launched a series of updates about dYdX, including: 1. Market updates will become easier, making it easier for the market to generate higher liquidity; 2. Maintain margin functions Will become updateable (not in V3); 3. The maintenance margin function will be able to change with the position size (not in V3); 4. The liquidation engine will be redesigned; 5. If the account has any negative equity, withdrawals will not be accepted demand (until the relevant position is liquidated). Antonio stated that all the above updates will greatly help resolve what is happening with YFI (on dYdX) and provide a more secure service for every user. dYdX will gradually add more features and continue to prioritize risk and safety.