- Summary:
- This new integration introduces a streamlined pathway for Phantom's extensive user base to engage with dYdX.
The dYdX Foundation is thrilled to announce that the popular Phantom Wallet has been integrated with dYdX Chain, significantly expanding access to the decentralized finance protocol. This new integration introduces a streamlined pathway for Phantom’s extensive user base to engage with dYdX.
Key Integration Highlights:
- Expanded Wallet Support: Phantom joins dYdX’s roster of supported non-custodial wallets, which includes MetaMask, Coinbase Wallet, OKX Wallet, and Keplr, among others.
- Seamless User Experience: Users can now effortlessly connect their Phantom wallets and deposit USDC to begin trading on dYdX’s decentralized order book.
- Significant User Base Expansion: The integration with Phantom Wallet opens the door to dYdX’s ecosystem for over 7 million potential users.
Charles d’Haussy, CEO of the dYdX Foundation, commented on the integration: “Following the integration of Solana’s Raydium markets into dYdX, integrating the leading Solana wallet, Phantom, was a logical next step. This provides Phantom’s 7 million users with direct access to dYdX’s professional trading DeFi protocol.”
Phantom’s reputation for user-friendly design and simplified web3 onboarding aligns with dYdX’s commitment to accessibility in decentralized finance. This integration is particularly timely as it precedes the upcoming launch of dYdX Unlimited, slated to be the protocol’s most comprehensive upgrade to date.
Looking Ahead: dYdX Unlimited
The upcoming dYdX Unlimited release is expected to revolutionize the protocol’s capabilities:
- Trade Anything: Introduction of a virtually unlimited number of perpetual markets, including diverse crypto-assets and prediction markets.
- Unmatched liquidity with MegaVault: Implementation of a cutting-edge liquidity pool supporting markets listed on dYdX, enhancing capital efficiency and trading opportunities.
- Permissioned Keys: Providing users with granular control over wallet access, thereby significantly improving security for traders on dYdX.
The integration of Phantom with dYdX Chain not only enhances the current trading experience but also sets the stage for future innovations in decentralized finance.
About the dYdX Foundation
The dYdX Foundation’s purpose is 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 in accordance with the applicable license. At no time should the dYdX Chain or its software be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever.
About Phantom
Thoughtfully designed and easy to use, Phantom is a simple multi-chain wallet made for everyone. Founded by a group of engineers, designers and former founders, Phantom aims to make crypto simpler and more accessible for everyone. Today, Phantom has more than seven million users who have executed billions of dollars in volume using its built-in swap facility.
Learn more: https://phantom.app/