The decentralized perpetual contracts trading platform dYdX has revised its short-term roadmap to highlight enhancements aimed at boosting speed and improving user experience, as well as the introduction of new trading features.
As outlined in its updated roadmap for the upcoming two months, dYdX (DYDX) intends to bolster the stability of its website during busy trading times by minimizing downtime, stale data, and throughput issues. The platform will also streamline both deposits and withdrawals, allowing users to access their funds on the dYdX Chain in under a minute, significantly reducing the typical wait time of over 18 minutes. Moreover, the front-end design of the website will be upgraded to enhance load speeds and incorporate new features that competitors are offering, such as reduce-only limit orders, scale orders, and TWAP orders. Additionally, the platform plans to provide bi-weekly updates on development and deployment to keep the community informed about its progress.
After implementing these updates, dYdX will present a more comprehensive roadmap for the remainder of the year. They have also provided a glimpse into potential developments for the longer-term roadmap, which may include diversifying digital assets (such as pre-launch and real-world assets), integrating oracles for improved price feeds, connecting with Ethereum, enabling automated trading with tools like Hummingbot and CCXT, along with introducing incentive programs.
Currently, dYdX primarily serves professional traders seeking high liquidity, algorithmic trading capabilities, and leveraged trading of perpetual contracts. However, in their recent announcement, the platform expressed a desire to attract a larger retail investor base. To facilitate this, the company has launched a new user-friendly mobile app and plans to integrate with major wallets and third-party applications to broaden access to more users.
This roadmap update follows the recent upgrade to dYdX Chain version 8.0, which was approved through a community vote. This upgrade introduced “permissioned keys” that grant traders more control over their accounts and allowed for the removal of inactive markets, keeping the platform efficient.