What is dYdX Chain address?
Every trader who intends to trade on a blockchain that uses v4 open source software (”dYdX Chain”) needs a dYdX Chain address that they control. dYdX Chain is its own blockchain, and therefore has different addresses than other blockchains such as Ethereum.
Why do traders see an Ethereum address and a dYdX Chain address?
When onboarding via the UI provided by the default settings of the v4 open source software, traders have the ability to create a dYdX Chain address, which is derived from a trader’s Ethereum address’ private key. The UI reveals to traders’ the Ethereum address they used to derive their dYdX Chain address for informational purposes only.
Who has access to a dYdX Chain address?
Anyone who has the private key of the Ethereum address that derived a dYdX Chain address has full access to assets on a dYdX Chain.
Where is dYdX Chain address located on the v4 open software?
Traders have the option to click on the drop down at top right hand corner
The address is below the “dYdX Chain Address”
Traders have the option to “Copy” their addresses
Traders can “Open” their address details in Mintscan browser
Does every dYdX Chain address have a seed phrase?
As part of the default settings of the v4 open source software, traders who have dYdX chain addresses also have associated seed phrases.
Disclaimer and Terms
This document may provide information with respect to the default settings of dYdX Trading Inc. (”dYdX”) v4 software, or non-mandatory guidelines and suggestions that may help with using v4 software. MetaMask and Mintscan are independent from and unaffiliated with dYdX, and dYdX is not responsible for any action taken by MetaMask, Mintscan or any other third parties, including content set forth on any third-party websites, such as any links to such content in this document. dYdX does not deploy or run v4 software for public use, or operate or control any dYdX Chain infrastructure. dYdX is not responsible for any actions taken by other third parties who use v4 software. dYdX services 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, or Restricted Persons (as defined in the dYdX Terms of Use). The content provided herein does not constitute, and should not be considered, or relied upon as, financial advice, legal advice, tax advice, investment advice or advice of any other nature, and you agree that you are responsible to conduct independent research, perform due diligence and engage a professional advisor prior to taking any financial, tax, legal or investment action related to the foregoing content. The information contained herein, and any use of v4 software, are subject to the v4 Terms of Use.