dYdX to Launch Futures Trading on Prediction Markets

dYdX, a DEX, is set to launch prediction markets, allowing users to place leveraged bets on binary event outcomes, such as sports or financial markets. This move is part of the dYdX Unlimited upgrade, which will also introduce permissionless market listings and a liquidity pool called MegaVault. Users can deposit USDC into the vault for passive income, as it provides liquidity to various markets. The initiative aims to offer something unique in DeFi, distinguishing it from centralized exchanges.

Source: Coindesk