Hassan Maishera
The dYdX Foundation has announced that the popular Phantom Wallet has been integrated with the dYdX Chain. This integration significantly expands access to the decentralized finance protocol.
In a press release shared with Cryptowisser, dYdX said the new integration introduces a streamlined pathway for Phantom's extensive user base to engage with dYdX.
Key Integration Highlights:
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Expanded Wallet Support: Phantom joins dYdX's roster of supported non-custodial wallets, which includes MetaMask, Coinbase Wallet, OKX Wallet, and Keplr, among others.
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Seamless User Experience: Users can now effortlessly connect their Phantom wallets and deposit USDC to begin trading on dYdX's decentralized order book.
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Significant User Base Expansion: The integration with Phantom Wallet opens the door to dYdX's ecosystem for over 7 million potential users.
While commenting on this latest integration, Charles d'Haussy, CEO of the dYdX Foundation, said,
"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."
According to the team, the integration with Phantom is timely as it precedes the upcoming launch of dYdX Unlimited, which is slated to be the protocol's most comprehensive upgrade to date.
What Next? dYdX Unlimited
According to dYdX, the dYdX Unlimited release is expected to revolutionize the protocol's features. Some of the capabilities include:
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Trade Anything: Introduction of a virtually unlimited number of perpetual markets, including diverse crypto-assets and prediction markets.
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Unmatched liquidity with MegaVault: Implementation of a cutting-edge liquidity pool supporting markets listed on dYdX, enhancing capital efficiency and trading opportunities.
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Permissioned Keys: Providing users with granular control over wallet access, thereby significantly improving security for traders on dYdX.
dYdX Chain’s integration with Phantim enhances the current trading experience and paves the way for future innovations in decentralized finance.
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.
Meanwhile, 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.
