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dYdX Bridge : Full Guide

Illustration dYdX Bridge :  Full Guide

Transferring your dYdX tokens from Ethereum to dYdX Chain: A Simple Guide

Started in 2017 by visionary Antonio Juliano, dYdX has emerged as a leader in decentralized trading. The platform offers sophisticated financial instruments in a simplified format, making decentralized finance accessible to a wider audience. Originally built on StarkEx, a layer 2 technology for Ethereum developed by Starkware to minimize fees, dYdX has recently made a significant strategic shift. The teams have decided to migrate to the Cosmos ecosystem, giving birth to dYdX Chain. At the heart of this move? A quest for enhanced autonomy combined with a desire to protect against regulatory uncertainties. For a deeper dive into this project, check out our detailed article here.

But how do you go about transferring your tokens from Ethereum to this brand-new chain? Here's a step-by-step tutorial.

Step 1: Head to the dYdX Bridge
To get started, visit the dedicated bridge page.

Step 2: Connect Your Wallet
Use an EVM-compatible wallet like MetaMask to connect your existing wallet. Make sure to accept all the presented terms of use.

Step 2

Step 2bis

Step 3: Choose the Amount of Tokens to Transfer
You have the option to select the amount of dYdX you want to bridge from Ethereum to the dYdX Chain.

Step 3

Step 4: Initiate the Transfer
Copy and paste your new dYdX address into the designated field. Then, confirm the bridge transaction to initiate the transfer.

etape 4
Step 4

Step 5: Track the Transaction
Congratulations, you've completed all the steps. Now, all you have to do is wait for the transaction to finish.

Step 5

You can monitor the progress of your transaction and check its status directly on this page.

Step 6: Optional - Delegate Your Tokens
Once your tokens are on the dYdX Chain, you have the option to delegate them to one of the available validators. While optional, this step can be beneficial in terms of rewards.

Step 6
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