A Step-by-Step Guide to the New dYdX Mobile Trading Experience

The new dYdX mobile app introduces a simplified yet powerful interface, designed to onboard the next generation of perpetual traders. Whether you're new to derivatives trading or an experienced trader, this guide will walk you through the key features and how to navigate them efficiently.

1. Understanding the Two Trading Modes

The dYdX mobile app offers two distinct experiences tailored to different trader profiles:

Default Mode: A user-friendly interface designed for those new to perpetual trading. This mode simplifies navigation, trade execution, and market monitoring.
Pro Mode: Offers advanced tools and features similar to the dYdX web platform, providing professional traders with a high-performance mobile experience.

Traders can switch between these modes at any time, making it easy to adapt as they grow more familiar with perpetual contracts.

2. How to Deposit Funds and Check Buying Power

Before trading, users must deposit funds into their dYdX wallet. As a fully decentralized platform, dYdX ensures that users maintain full custody of their funds at all times.

How to Create Your dYdX Trading Wallet

Select a supported wallet such as MetaMask, Rabby Wallet, Coinbase Wallet, Trust Wallet or sync with your Desktop.
Approve the connection in your wallet interface.
Click on "Send request" to begin creating your dYdX wallet.
Sign the message in your wallet to confirm the creation of your dYdX wallet.
Sign a second message to verify compatibility with dYdX.
Once confirmed, your wallet is ready, and a deposit window will appear.

How to Add Funds to Your dYdX Account

Select "Deposit Funds"
Choose the cryptocurrency you want to deposit (dYdX supports USDC as collateral).
Enter the amount you wish to deposit (in USD equivalent).
Review the deposit details, including fees and estimated transaction time.
Click "Confirm Order" to proceed.
Sign the transaction in your wallet to complete the deposit.

Once confirmed, your funds will quickly be credited to your dYdX wallet.

3. Navigating the Market and Placing Trades

The redesigned market page provides a streamlined view of available trading pairs, price movements, and order execution options. Users can:

Go Long if they expect an asset’s price to rise.
Go Short if they expect a decline, a key feature of perpetual contracts.
Access up to a maximum of 50x buying power.

Understanding buying power and Risk

Using leverage to increase buying power impacts both potential gains and losses. Below is a simplified example:

Amount Deposited	Position Traded	Implied Leverage	Price Change	New Position Size	Deposit After Price Change
$100	$100	1x	+5%	$105	$105 (+5%)
$100	$1000	10x	+5%	$1050	$150 (+50%)
$100	$1000	10x	-5%	$950	$50 (-50%)

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It’s important to understand that leverage carries significant risks, as seen in the example above.

4. Understanding Margin and Risk Levels

The app categorizes a user’s risk level based on the percentage of their deposit used as margin:

Low Risk: Less than 20% of the deposit used as margin.
Medium Risk: 20%-40% of the deposit used as margin.
High Risk: Greater than 40%, where liquidation risks increase significantly.

Users can monitor their liquidation price in the UI to manage risk effectively.

Final Thoughts:

The dYdX mobile app is built to onboard the next million perpetual traders to DeFi, combining a streamlined interface with powerful trading tools. By simplifying access to perpetual contracts while maintaining full control, it bridges the gap between traditional and decentralized trading. As DeFi adoption grows, dYdX continues to enhance usability, risk management, and market accessibility for traders at all levels.

Learn more here: https://apps.apple.com/ly/app/dydx/id6475599596

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.