We are excited to announce our native support for the dYdX Cosmos app-chain. dYdX is the leading perpetual exchange that recently deployed its V4 on a decentralized dYdX app-chain in the Cosmos ecosystem.
In continuation to previously announced Cosmos support, and as we strive to provide the best cross chain institutional DeFi wallet, we extend our offering in the ecosystem.
Fordefi’s platform natively supports the dYdX chain which allows our customers to securely hold their dYdX native tokens and all other tokens on the chain, transfer them to your counterparties and stake them with any of the staking providers available in the Keplr dashboard, while utilizing our secure platform with MPC, transaction policies, multiple approval flow, enclave protection, and more.
We will show in this blog how you can bridge your dYdX ERC-20 tokens on Ethereum to native dYdX tokens on its new chain, and then delegate them to a validator.
Fordefi's MPC wallet platform and web3 gateway enables institutions to seamlessly connect to dApps across a wide range of chains while keeping digital assets secure. Fordefi was founded in 2021 by crypto custody and cybersecurity experts and designed in close collaboration with industry-leading trading firms, funds and custodians. Fordefi is a financial technology company with offices in New York and Tel Aviv. For more information, visit www.fordefi.com.