DeFi

USDC

Foundation

Cosmos

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dydx-expands-user-access-through-keplr-wallet-integration-3/" data-wpel-link="internal" rel="noopener noreferrer nofollow">dYdX Expands User Access Through Keplr Wallet Integration</a> 
dYdX aims to increase user access by integrating with Keplr Wallet. This collaboration aims to expand participation in the dYdX ecosystem and provide easier access to the platform for users.
<h2 style="text-align: justify" id="increasing-user-access">Increasing User Access</h2>
Thanks to the new partnership, Keplr’s over 1 million users will be able to connect their wallets and trade on dYdX across more than 130 markets with just three clicks. Keplr Wallet is known as a leading multi-chain wallet supporting over 40 Inter-Blockchain Communication (IBC) chains and 8 Ethereum Virtual Machine (EVM) chains. It stands out with its user-friendly interface and its role in the Cosmos ecosystem.
With the new integration, Keplr users will retain full control of their assets while directly interacting with dYdX’s decentralized trading platform. Users holding USDC in Keplr Wallet can directly deposit into the dYdX Chain, while those without USDC can bridge their assets using the Cross-Chain Transfer Protocol (CCTP). This seamless connection is expected to increase liquidity and user engagement on the dYdX platform.
<blockquote>
 dYdX Foundation CEO Charles d’Haussy said, “We are excited to work with Keplr because their wallet increases the accessibility of the Cosmos ecosystem. The ease of use and strong security offered by Keplr will provide dYdX users with a seamless and secure trading experience.”
</blockquote>
<blockquote>
 Keplr Wallet CEO Josh Lee stated, “Integration with the dYdX Chain adds significant value to our users. dYdX’s decentralized order book and low fees complement Keplr’s multi-chain capabilities, allowing our users to trade efficiently in their preferred <a href="https://en.coin-turk.com/paypal-takes-a-historic-step-major-move-for-direct-crypto-trading-transactions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Web3</a> environment.”
</blockquote>
<h2 style="text-align: justify" id="dydx-s-upcoming-unlimited-update">dYdX’s Upcoming Unlimited Update</h2>
The integration with Keplr Wallet comes ahead of a major update called dYdX Unlimited, planned for release this fall. dYdX Unlimited will introduce a wide range of perpetual markets and MegaVault. MegaVault will allow users to deposit USDC and automatically distribute liquidity across various markets, ensuring that even newly listed markets have sufficient liquidity from the start.
Users investing in MegaVault will receive a share of the revenue generated by the platform, including trading fees and other incentives. This system aims to offer <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> a high annual percentage rate (APR) without the need to actively manage liquidity across different markets.
Looking forward, the introduction of new features like Keplr Wallet integration and MegaVault aims to position dYdX as a leading platform in the decentralized finance (DeFi) <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">space</a>.
The collaboration between dYdX and Keplr Wallet streamlines Web3 interactions by making it easier for users to adopt decentralized trading solutions. These developments aim to enhance user experience while allowing Keplr users to provide greater participation and liquidity on the dYdX platform. New features and integrations will strengthen dYdX’s position in the DeFi space and offer more value to its users.
The post <a href="https://en.coin-turk.com/dydx-expands-user-access-through-keplr-wallet-integration-3/" data-wpel-link="internal" rel="noopener noreferrer nofollow">dYdX Expands User Access Through Keplr Wallet Integration</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

dYdX Expands User Access Through Keplr Wallet Integration

Table of Contents

COINTURK NEWS

Other articles published on Sep 10, 2024

SuperEx Free Market：The world’s first Web3.0-based token listing ecosystem

Best Wallet Enhances Functionality With Cross-Chain Swaps And Fiat Conversions

Polygon’s Token Transformation: Analyzing the MATIC to POL Migration Progress

Metaplanet Inc. Teams Up with SBI Group for Bitcoin Trading and Custody in Japan

IOTA Excited to Join Uniswap’s Multichain Future: Exploring Feeless Transactions and Scalability

a16z Crypto Selects 21 Startups for Fall 2024 Accelerator Cohort

Join our free newsletter for daily crypto updates!