dYdX Chain Integrates Keplr Wallet to Boost User Access

Twitter icon  •  Published 1 month ago  •  Hassan Maishera

dYdX chain has officially integrated Keplr Wallet, allowing over 1 million Keplr users to seamlessly onboard onto dYdX and trade over 130 markets.

dYdX announced on Tuesday, September 10th, that it has now integrated with Keplr Wallet. In a press release shared with Cryptowisser, dYdX revealed that the integration allows Keplr users to seamlessly onboard onto dYdX and trade over 130 markets. It also lets users connect their wallets in as few as three clicks. 

Kepler currently has over one million users and provides a secure and user-friendly way to access dozens of blockchain networks. The new integration will allow Keplr users to experience a best-in-class decentralized trading and staking experience while retaining full custody of their assets.

Users can connect to dYdX in just three clicks and start interacting with its on-chain orderbook. Furthermore, users who hold USDC in their Keplr wallets can deposit directly onto the dYdX Chain, while those who don’t hold USDC can bridge to the dYdX Chain using Cross-Chain Transfer Protocol (CCTP).

The integration comes following numerous requests from the dYdX community. The introduction of Keplr will expand access to the dYdX Chain ahead of the expected launch of dYdX Unlimited this fall. 

dYdX Unlimited will be the largest upgrade since the network’s launch and is expected to support a virtually unlimited number of perpetual markets, including crypto-assets and prediction markets as underlyings. The upgrade will also introduce MegaVault, a master liquidity pool that supports liquidity provision in all dYdX Chain markets.

While commenting on the integration with Keplr, dYdX Foundation CEO Charles d’Haussy said, 

“We’re big fans of Keplr and the work they’ve done in making the Cosmos ecosystem more accessible to Web3 users. Their wallet combines robust security with an interface that simplifies navigating the multi-chain universe. We look forward to welcoming Keplr users to dYdX Chain, where they’ll be able to trade a vast number of markets while keeping control of their own assets.”

Keplr Wallet CEO Josh Lee also commented that, 

“While Keplr Wallet serves many blockchains, our roots lie in the Cosmos family of chains, which has now been enhanced by the addition of the dYdX Chain. Its decentralized order book allows traders to access the assets they like within a fast, low-fee environment, and Keplr users can now directly interact with dYdX through their favorite Web3 wallet.”

The dYdX Foundation aims to support and grow the dYdX protocol ecosystem by enabling communities, developers, and decentralized governance. The dYdX Chain software is open-source software to be used or implemented by any party per the applicable license. At no time should the dYdX Chain or its software be deemed a product or service provided or made available by the dYdX Foundation. 

Meanwhile, Keplr currently supports over 40 IBC chains and 8 EVM chains. The wallet enables users to plug into decentralized web experiences while retaining full custody of their assets. Keplr supports a variety of login options, including social login, allowing users to authenticate securely and start exploring an array of blockchains and dapps.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.