Supported Wallets on dYdX Chain
As part of the default settings of the v4 open source software (”dYdX Chain”), these are currently the wallets that are supported on dYdX Chain UI:
MetaMask: Currently the most-popular wallet on dYdX Chain, MetaMask is a browser extension for browsers such as Chrome, Brave, and Firefox.
WalletConnect: dYdX Chain supports any wallet that uses WalletConnect. WalletConnect allows traders to connect many different mobile wallets. To connect a WalletConnect wallet, select "WalletConnect" when prompted to select your wallet type. This will display a QR code, which gives traders the option to scan using their WalletConnect enabled wallet.
Coinbase Wallet: The mobile application Coinbase Wallet also works with dYdX Chain. It can work by accessing the site through the Coinbase Wallet app itself, or by using WalletLink which allows traders to use the desktop version of the site while signing transactions using their phone. This is done by scanning a QR code on the site using the Coinbase Wallet app. The Coinbase Wallet browser extension is also compatible.
Other Wallets: Other wallets may "just work" with dYdX Chain, however they are not officially supported by v4 software yet. Traders can use the “Other” option to connect with other wallets. They would show up as "Web3 Wallet" once successfully connected.
Keplr Wallet Support
dYdX Chain also offers Keplr wallet support. Keplr offers a simple way to facilitate transfers, staking of assets, voting on governance, and more.
Given that dYdX Chain was developed on the Cosmos ecosystem, traders have the option to participate in governance and staking by exporting their secret phrase to a Keplr Wallet. As part of the default settings of the v4 open source software, each trader has a unique dYdX chain address that is created upon signature using their Ethereum address during the wallet connect step.
Note: If a trader is utilizing the v4 open source software, Keplr wallet support is currently unavailable as an option for trading.
What the the differences between MetaMask wallet and Keplr wallet?
Keplr Wallet is known for its strong integration with the Cosmos ecosystem and enables users to interact seamlessly with Cosmos-based projects. On the other hand, MetaMask is more widely used and supports Ethereum-compatible networks, making it a go-to choice for users primarily operating within the Ethereum ecosystem.
What can you do with a Keplr Wallet?
Does the above also apply to other Cosmos-native wallets?
Yes, other Cosmos-native wallets such as Leap may also support dYdX Chain.
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. Supported wallets on dYdX Chain, including Keplr, are independent from and unaffiliated with dYdX, and dYdX is not responsible for any action taken by the foregoing 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.