This integration comes especially close to the debut of dYdX Unlimited, the biggest protocol upgrade to date.
Over 7 million more people may now access dYdX’s ecosystem thanks to the integration.
The dYdX Foundation is excited to announce that dYdX Chain and the popular Phantom Wallet have been integrated, greatly increasing the number of people who may access the decentralized finance protocol. With this new integration, Phantom’s large user base now has an easier method to engage with dYdX.
Key Integration Highlights:
Expanded Wallet Support: Phantom is the latest addition to dYdX’s list of supported non-custodial wallets, which already includes Keplr, Coinbase Wallet, OKX Wallet, and MetaMask.
Seamless User Experience: Now, users may easily deposit USDC and link their Phantom wallets to start trading on dYdX’s decentralized order book.
Significant User Base Expansion: Over 7 million more people may now access dYdX’s ecosystem thanks to the integration with Phantom Wallet.
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 intuitive design and streamlined web3 onboarding is consistent with dYdX’s dedication to accessibility in decentralized finance. This integration comes especially close to the debut of dYdX Unlimited, which is expected to be the biggest protocol upgrade to date.
Looking Ahead: dYdX Unlimited
The capabilities of the protocol are anticipated to be revolutionized by the future dYdX Unlimited release:
Trade Anything: Introduction of various crypto-assets and prediction markets, as well as an almost infinite number of perpetual markets.
Unrivaled liquidity with MegaVault: By implementing a state-of-the-art liquidity pool to serve markets listed on dYdX, trading possibilities and capital efficiency are increased.
Permissioned Keys: By giving consumers more precise control over wallet access, permissioned keys greatly increase trader security on dYdX.
In addition to improving trade now, Phantom’s integration with dYdX Chain paves the way for further advancements in decentralized finance in the future. The goal of the dYdX Foundation is to facilitate communities, developers, and decentralized governance in order to strengthen and expand the dYdX protocol ecosystem.
