January 16, 2024

Fiat Onramp to dYdX Chain with Kado

dYdX
Fiat Onramp to dYdX Chain with Kado

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?

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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.

About dYdX and Terms

Here at dYdX, our mission is to democratize access to financial opportunity. We believe that v4 software will represent notable progress in service of that mission. The events in the global economy that have transpired over the last year have only reinforced the need for open, transparent, and permissionless financial products. We’re excited for v4 software to better meet those needs.

If building the future of a decentralized exchange and open finance is something you’re interested in, check out what it’s like to work at dYdX and our open roles!

To ask additional questions, join the discussion on Discord, participate in the dYdX community, or follow us on Twitter. We’re excited to continue building the dYdX Chain and will continue to release updates over the coming months.

Terms and Conditions: This post is subject to the dYdX Terms of Use.  The dYdX interface and products are not available to persons or entities who reside in, are located in, are incorporated in, or have registered offices in the United States or Canada ("Blocked Persons"), or other Restricted Persons (as defined in the dYdX Terms of Use). dYdX products and services are not intended for, and should not be used by, Blocked Persons or Restricted Persons. Terms of Use specific to v4 software can be found here.

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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.

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