TechFlow reports that dYdX has announced the upcoming launch of LP Vault, which will allow anyone to deposit USDC and use dYdX Chain to provide automated liquidity strategies on the protocol. LP Vault will be available for all available cross or isolated markets and designed to be economically sustainable in the long term.
The LP Vault may be deployed in phases into the dYdX Chain open-source software. The first phase will feature an experimental version of LP Vaults with deposit functionality. The second phase will add withdrawal capabilities and updated quoting strategies, among other enhancements.
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