Traders could have the option to access a governance and staking dashboard on Keplr. If a trader chooses to participate in governance or staking, they could export their secret phrase to a Keplr Wallet, and subsequently stake or vote via a Keplr Dashboard — here is an example of a Keplr Dashboard.
As part of the default settings of the v4 open source software (”dYdX Chain”), traders have the option to “Export secret phrase” as part of the drop down options on the top right hand corner. This default setting on the open source software was enabled to empower traders to take full custody of their assets.
Before exporting the secret phase, traders should install the Keplr browser-extension to their compatible-browser.
If traders don’t have any wallets configured within Keplr, it will instruct them to either “Create a new wallet”, “Import and existing wallet”, or “Connect Hardware Wallet”. Choose “Import an existing wallet”.
If traders do already have a wallet installed, traders have the option to navigate to “add wallet” and then select “Import an existing wallet”.
Next, select “Use recovery phrase or private key”.
Next, select “24 words” on the Import Existing Wallet page.
Next, traders should export their secret phrase from the dYdX UI.
Note, if exporting a secret phase, ensure it is kept highly secure. Anyone with access to the secret phase can steal all assets in the wallet, so it’s strongly recommended that this process is done on a secure computer.
On the dYdX UI, click the wallet dropdown on the upper righthand corner of the screen. Then, select “export secret phrase”. Click “Reveal”.
After revealing the secret phase, “copy” the phrase and head back to the Keplr UI and paste the phrase into the “Import Existing Wallet” page. Reminder to paste 24 words.
Continue to “Set Up Your Wallet” on Keplr by creating a wallet name and a unique password. Select the applicable name of the chain, such as dYdX Chain.
Once the secret phrase is successfully imported into Keplr, the trader can connect their Keplr wallet to a Keplr Dashboard to stake and vote — here is an example of a Keplr Dashboard to stake and vote.
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