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The dYdX Foundation has announced the integration of the famous Phantom Wallet. As per dYdX, the integration substantially enhances the accessibility of the DeFi protocol by introducing a simplified pathway to the large consumer base of Phantom to interact with dYdX. Hence, consumers can enjoy an unparalleled trading experience because of this integration.
dYdX Chain’s Collaboration with Phantom Facilitates More than 7M Users with a Simplified Trading Experience
As dYdX Chain mentioned, Phantom joins the roster of dYdX including the compatible non-custodial wallets. They take into account Keplr, OKX Wallet, Coinbase Wallet, and MetaMask among others. Apart from that, the integration provides a matchless consumer experience, with users now capable of linking Phantom wallets to the order book of dYdX. Additionally, they can also deposit $USDC tokens to commence trading on the platform. Moreover, the initiative enables accessibility of the ecosystem of dYdX for more than 7M potential consumers.
dYdX Foundation’s CEO “Charles d’Haussy” also commented on this development. As per the executive, this endeavor was a rational step after the integration of Raydium markets on Solana into dYdX. This reportedly permits the 7M consumers of Phantom to straightly access the DeFi protocol of dYdX for professional trading.
Phantom’s repute for streamlined web3 onboarding and user-friendly design aligns with the commitment of dYdX to DeFi accessibility. This integration is particularly in-time as it comes before dYdX Unlimited’s impending release. The respective upgrade reportedly plays the role of the most thorough upgrade up till now. This release will potentially revolutionize the capabilities of the protocol.
The Initiative Delivers More Trading Opportunities and Capital Efficiency
The upgrade will introduce virtually unlimited markets in terms of number. They include prediction and crypto-asset markets. The implementation of an advanced liquidity pool backing markets that dYdX lists, enhances trading opportunities and capital efficiency. In addition to this, the latest endeavor provides consumers with comprehensive control over access to their wallets. Thus, it improves the security for those who trade on dYdX.
Moreover, as per dYdX Foundation, Phantom’s integration with the platform increases the overall trading experience. Along with that, it also sets a precedent for additional innovations in the realm of decentralized finance.