What is dYdX?
dYdX is a decentralized perpetual contracts exchange designed to offer an efficient and secure trading experience. Initially built on Layer 2, it migrated to the dYdX Chain mainnet in October 2023. The dYdX Chain is an independent Layer 1 built with the Cosmos SDK using the CometBFT consensus protocol. It features a fully decentralized off-chain orderbook, matching engine, and front ends, ensuring high-performance trade processing while maintaining security and decentralization.
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How to Use dYdX on imToken
Preparation
dYdX supports deposits through networks such as Arbitrum, Avalanche, Base, ETH, Optimism, and Polygon. Make sure your account holds more than 11 USDC tokens, which will be used for depositing to trade.
1. Open the imToken wallet and go to the "Browser" page. In the search box, enter "dYdX" and click to enter.
2. Click "Connect Wallet" - "imToken", then click "Send request" to sign and verify account ownership.
3. Click < at the top left of the DApp page to enter the "Profile", then make a “Deposit.” Click "Source" to choose the deposit network, enter the deposit amount, and then click "Switch Network" - "Deposit Funds" to complete the deposit.
4. After completing the deposit, you can trade on the "Markets" page.
Risk Warning: The content of this article does not constitute any form of investment advice or recommendation. imToken does not make any guarantees and promises for the third-party services and products mentioned in this article, nor assume any responsibility. Digital token investment has risks. You should carefully evaluate these investment risks and consult with relevant professionals to make your own decisions.