DYdX, the largest decentralized financial derivatives platform, has integrated a solution based on the cross-chain infrastructure provided by Axelar’s interoperability network.
The goal is to support one-click onboarding and offboarding to dYdX version 4, which will include its own appchain model in the Cosmos ecosystem.
The integration will leverage Squid, a one-click cross-chain transaction builder built on Axelar’s decentralized infrastructure. This allows users to efficiently transition to the upcoming dYdX v4 platform.
“A necessity for the success of the app chain approach is highly flexible, fast and easy-to-use interoperability. The dYdX chain should onboard users to roll-ups, serve Ethereum L1, other app chains and centralized exchanges to as many users as possible,” said Nathan Cha of dYdX Trading.
Launch timeline
As dYdX prepares to launch its blockchain, the final decision on the launch timeline will depend on a board vote.
DYdX Trading expects all open source code for version 4 to be ready and shipped in October.