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dYdX to enable Telegram trading, social login in new roadmap


by Benson Toti
for Invezz
dYdX to enable Telegram trading, social login in new roadmap

dYdX, a decentralized exchange protocol, has announced an upcoming network revamp that will see it introduce Telegram trading among other updates as part of a new roadmap.

In an announcement on Aug. 26, dYdX Labs said the DeFi protocol is ready for a new chapter. 

dYdX to launch Telegram trading in September

The platform, which has seen notable growth in the past few months amid expanded campaigns, partnerships and trading competitions, is looking to tap into fresh traction with several updates. 

As well as Telegram trading that’s set for rollout in September 2025, dYdX has its sights on enabling social login, batch orders and partner fee sharing.

The move will help maximise dYdX’s token utility, the DEX noted in a blog post.

“This quarter will be defined by precision, focus, and execution. It is critical for dYdX to strengthen its competitive positioning in order to increase market share and deliver long-term value to the community and ecosystem,” said Eddie Zhang, president of dYdX Labs. “We plan to release a series of software upgrades which will empower the dYdX community to launch major improvements in performance, user experience, and token utility.”

The partner fee share feature will see partner platforms that boost dYdX volume and liquidity earn up to 50% of the protocol’s fees, while upgrades such as designated proposers, social login for a seamless sign-in with Google, Apple and Passkey will also go live in this quarter.

Telegram trading, which means users can trade via their dYdX accounts on Telegram, will be enabled in September.

dYdX recently acquired Pocket Protector, a social trading platform, and will tap into its infrastructure to allow dYdX users to trade on Telegram.

The DEX protocol is offering more than $3 million in monthly rewards to users taking this initiative.

What else is dYdX eyeing?

Other roadmap updates include the ability to stake and swap USDC for DYDX via integration with Osmosis.

These changes align with dYdX Labs’ quest to bring perps for real-world assets, from public stocks to hot pre-initial public offering privates to users.

The platform also plans to increase traction with more deposit options, with USDT, Solana and fiat added to the current support of USDC and Ethereum.

“Our mission at dYdX is to give people access to financial opportunity — anywhere, anytime.

That means open, permissionless access to the world’s best markets, from emerging digital asset classes to real world assets like US stocks and indexes, and breaking down barriers to the most exclusive private markets, from alternative assets to pre-IPO decacorns,” Zhang wrote.

The DYDX token traded at $0.62 on Tuesday at 1 pm ET, up from lows of $0.59 earlier in the day.

The post dYdX to enable Telegram trading, social login in new roadmap appeared first on Invezz

Read the article at Invezz

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dYdX to enable Telegram trading, social login in new roadmap


by Benson Toti
for Invezz
dYdX to enable Telegram trading, social login in new roadmap

dYdX, a decentralized exchange protocol, has announced an upcoming network revamp that will see it introduce Telegram trading among other updates as part of a new roadmap.

In an announcement on Aug. 26, dYdX Labs said the DeFi protocol is ready for a new chapter. 

dYdX to launch Telegram trading in September

The platform, which has seen notable growth in the past few months amid expanded campaigns, partnerships and trading competitions, is looking to tap into fresh traction with several updates. 

As well as Telegram trading that’s set for rollout in September 2025, dYdX has its sights on enabling social login, batch orders and partner fee sharing.

The move will help maximise dYdX’s token utility, the DEX noted in a blog post.

“This quarter will be defined by precision, focus, and execution. It is critical for dYdX to strengthen its competitive positioning in order to increase market share and deliver long-term value to the community and ecosystem,” said Eddie Zhang, president of dYdX Labs. “We plan to release a series of software upgrades which will empower the dYdX community to launch major improvements in performance, user experience, and token utility.”

The partner fee share feature will see partner platforms that boost dYdX volume and liquidity earn up to 50% of the protocol’s fees, while upgrades such as designated proposers, social login for a seamless sign-in with Google, Apple and Passkey will also go live in this quarter.

Telegram trading, which means users can trade via their dYdX accounts on Telegram, will be enabled in September.

dYdX recently acquired Pocket Protector, a social trading platform, and will tap into its infrastructure to allow dYdX users to trade on Telegram.

The DEX protocol is offering more than $3 million in monthly rewards to users taking this initiative.

What else is dYdX eyeing?

Other roadmap updates include the ability to stake and swap USDC for DYDX via integration with Osmosis.

These changes align with dYdX Labs’ quest to bring perps for real-world assets, from public stocks to hot pre-initial public offering privates to users.

The platform also plans to increase traction with more deposit options, with USDT, Solana and fiat added to the current support of USDC and Ethereum.

“Our mission at dYdX is to give people access to financial opportunity — anywhere, anytime.

That means open, permissionless access to the world’s best markets, from emerging digital asset classes to real world assets like US stocks and indexes, and breaking down barriers to the most exclusive private markets, from alternative assets to pre-IPO decacorns,” Zhang wrote.

The DYDX token traded at $0.62 on Tuesday at 1 pm ET, up from lows of $0.59 earlier in the day.

The post dYdX to enable Telegram trading, social login in new roadmap appeared first on Invezz

Read the article at Invezz

Read More

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