dYdX Founder: dYdX will be updated and the liquidation engine will be redesigned
On November 19th, Antonio, the founder of dYdX, posted on the X platform that a series of updates about dYdX have been launched, including: 1. Market updates will be easier to make it easier for the market to generate higher liquidity, 2. Maintenance Margin will become updatable (not available in V3), 3. Maintenance Margin will be able to change with position size (not available in V3), 4. Liquidation engine will be redesigned, and 5. Withdrawals will not be processed if there is any negative equity in the account (until the relevant position is liquidated). Antonio said that all of the above updates will greatly help address 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.
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dYdX Founder: dYdX will be updated and the liquidation engine will be redesigned
On November 19th, Antonio, the founder of dYdX, posted on the X platform that a series of updates about dYdX have been launched, including: 1. Market updates will be easier to make it easier for the market to generate higher liquidity, 2. Maintenance Margin will become updatable (not available in V3), 3. Maintenance Margin will be able to change with position size (not available in V3), 4. Liquidation engine will be redesigned, and 5. Withdrawals will not be processed if there is any negative equity in the account (until the relevant position is liquidated). Antonio said that all of the above updates will greatly help address 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.