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.
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.