We’re excited to share that Kado has enabled support for direct fiat onboarding to dYdX Chain. Traders in 150+ countries can now buy USDC using Kado when onboarding in less than 5 minutes via debit/credit card or bank transfer — with better fees, faster time-to-wallet, and a web3-native user experience.
Unlock Fast & Secure Crypto Trading: Introducing dYdX Chain
The new and improved dYdX Chain aims to improve the speed, scalability, and decentralization of the dYdX trading platform – enabling faster, cheaper, and more secure derivatives trading.
dYdX Chain uses the Tendermint consensus mechanism and Cosmos SDK, making it a standalone app chain software.
dYdX Chain has many benefits, including:
Increased speed: Capable of handling up to 2,000 tps
Enhanced decentralization: dYdX Chain is fully decentralized, with all parts of the software open-sourced and run by the community
Greater control: dYdX Chain can be governed by layer 1 token holders, who can vote on protocol changes and upgrades.
How does Kado make onboarding to dYdX Chain easier?
Kado cuts out the Centralized Exchange (CEX) and provides a quick and easy fiat on- and off-ramp directly to dYdX Chain. Kado operates in 150+ countries, making it accessible to a wide range of users. With Kado, users can easily purchase – or cash out – USDC, using familiar methods like debit/credit cards and bank transfers like SEPA Instant, PIX, and more. Users also benefit with faster onboarding: Kado’s process allows users to onboard to dYdX Chain in under 5 minutes.
Easily integrable with various platforms, Kado can be embedded into web or mobile applications, non-custodial wallets, DAOs, NFT marketplaces, and other Web3 projects.
Kado is an independent third party unaffiliated with dYdX that provides fiat-to-crypto on-and-off ramp.
Made Possible by Noble and Squid Router
This integration is made possible by a number of teams – not only the Kado and dYdX teams – but also thanks to Noble and Squid Router. Noble provides the necessary mint and burn features for native USDC on dYdX Chain, while Squid Router enables the cross-chain onboarding solution. Without these two, Kado’s fiat onboarding to dYdX Chain would not be possible today.
It’s never been easier to explore dYdX Chain with instant fiat onboarding powered by Kado. Learn more about the dYdX Chain here on our website or get started onboarding fiat to web3 instantly with Kado.
Legitimacy and Disclaimer
Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets.
dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as in other restricted jurisdictions. The dYdX Foundation does not operate or participate in the operation of any component of the dYdX Chain’s infrastructure.
The dYdX Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol and to foster community-driven growth in the dYdX ecosystem.
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 and/or its software or related components 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. The dYdX Foundation does not make any representations, warranties or covenants in connection with the dYdX Chain software (or any implementations and/or components thereof), including (without limitation) with regard to their technical properties or performance, as well as their actual or potential usefulness or suitability for any particular purpose, and users agree to rely on the dYdX Chain software (or any implementations and/or components thereof) “AS IS, WHERE IS”.
Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. Users should conduct their own research and due diligence before making any decisions. The dYdX Foundation may alter or update any information in this post in the future at its sole discretion and assumes no obligation to publicly disclose any such change. This post is solely based on the information available to the dYdX Foundation at the time it was published and should only be read and taken into consideration at the time it was published and on the basis of the circumstances that surrounded it. The dYdX Foundation makes no guarantees of future performance and is under no obligation to undertake any of the activities contemplated herein.
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The dYdX Foundation services and products are not available to persons who are residents of, are located or incorporated in, or have a registered office in the U.S., Canada or a Restricted Territory. More details can be found in our Terms of Use. Learn more about dYdX v4 third-party front end options here.
