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dYdX to Launch Telegram Trading in Major 2025 Roadmap Push
Key Takeaways
- Decentralized exchange dYdX is adding Telegram-based trading in September to make access easier for retail users;
- New tools like scale and TWAP orders, plus faster processing via "designated proposers", aim to improve trade efficiency;
- A fee-sharing system and easier sign-ins are part of dYdX’s plan to grow usage and reward active contributors.
dYdX
The updated roadmap lays out several upcoming changes aimed at improving performance and expanding user access.
One of the key additions is the option to trade directly through Telegram, which the platform said could help attract more retail users by simplifying the trading process.
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Other updates focus on making the platform faster and more flexible. One such change is the introduction of "designated proposers", a feature that assigns certain validators to process transactions more quickly.
To improve the trading experience, dYdX is also introducing new types of orders. These include scale orders, which allow users to set multiple price targets across a range, and TWAP (time-weighted average price) orders, which break large trades into smaller pieces to be executed over time.
To reward participants who help bring activity to the platform, dYdX plans to launch a partner fee share program. This will give liquidity providers and other contributors the chance to earn up to half of the protocol’s trading fees. The goal is to encourage more involvement from users who drive volume and liquidity.
The roadmap also includes features designed to improve ease of use. For example, new social login options will allow users to sign in without needing to remember wallet details. A planned integration with Osmosis will allow direct swaps between USDC
On August 27, Webull rolled out cryptocurrency trading in Australia. What did the exchange say about it? Read the full story.