September 20, 2023
June 4, 2025

dYdX x Squid x Axelar - 1-Click Onboarding

Product
dYdX x Squid x Axelar - 1-Click OnboardingdYdX x Squid x Axelar - 1-Click Onboarding

dYdX has been a pioneer in adopting next generation blockchain architectures to support traders. We adopted Starkware’s rollup technology before L2s were in vogue, and with dYdX v4, our open-source code (“dYdX Chain”), we are adopting a standalone app-chain model. Derivatives exchanges are by nature high leverage and high risk places of trade, and a maximally decentralized approach to the entire market structure is needed to ensure constant up-time and safety from manipulation.

A necessity for the success of the app-chain approach is highly flexible, fast, and easy to use interoperability. The dYdX Chain will integrate users from roll ups, Ethereum L1, other app-chains, and centralized exchanges in order to serve as many users and builders as possible. This is where Squid and Axelar come in - an interoperability solution built for this purpose: single click onboarding from any blockchain environment.

What is Squid?

Squid is a single click cross-chain transaction builder, supporting cross chain swaps in under 20 seconds. Squid utilizes Axelar’s decentralized interoperability infrastructure, approved by Uniswap’s bridge provider assessment. Squid provides interoperability services via an API, SDK and front end developer tools to teams across 60+ chains, and has done over $200 million in volume since its launch in January 2023.

The Integration

dYdX v4’s open-source code integrates with Squid’s API to support single click onboarding and offboarding to a dYdX app-chain from any of Squid’s supported EVM chains or rollups. Users will be able to deposit into a dYdX Chain account from within a dYdX Chain front end in one click, powered by Squid.

How It Works

Goal: Deposit or withdraw to / from a dYdX Chain address.

User wants to get USDC on dYdX Chain, they have USDC on Ethereum L1.

Route: USDC is sent to Osmosis via Axelar General Message Passing (GMP), then swapped to Noble USDC on Osmosis, bridged from Noble USDC to dYdX Chain from Osmosis via the Noble chain. All in one click.

User wants to get USDC on dYdX Chain, they have ETH on Arbitrum.

Route: ETH is swapped into axlUSDC on Kyberswap, axlUSDC is sent to Osmosis via Axelar GMP, axlUSDC swapped for Noble USDC on Osmosis, then bridged to dYdX Chain from Osmosis via the Noble chain. All in one click.

Interested in learning more about this integration? Check out this blog post from Axelar for more information.

Legitimacy and Disclaimer

© 2025 dYdX International Ltd. All rights reserved.

dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as for Restricted Persons as set out in the dYdX Software Terms of Use, accessible: https://dydx.exchange/v4-terms. dYdX International Ltd (“DI”) does not develop, control or participate in the operation of any component of the dYdX Protocol (including the MegaVault).

The information provided in this website is for general informational purposes only and DI reserves the right to update, modify, or amend any contents herein, at its sole discretion and without prior notice.  Nothing herein should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone.

Engaging in any activity involving crypto-assets (including trading crypto assets and depositing into the MegaVault) is risky due to high volatility. Returns are not guaranteed and may fluctuate over time depending on multiple factors, and you may lose your entire investment, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be suitable for retail investors. You should perform your own research and due diligence before engaging in any activity involving crypto-assets.

In no event will DI be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising from or in connection with the use of this website. By continuing to access this website, you agree to the above and accept the possibility of changes in the information provided.

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© 2025 dYdX International Ltd. All rights reserved.

dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as for Restricted Persons as set out in the dYdX Software Terms of Use, accessible: https://dydx.exchange/v4-terms. dYdX International Ltd (“DI”) does not develop, control or participate in the operation of any component of the dYdX Protocol (including the MegaVault).

The information provided in this website is for general informational purposes only and DI reserves the right to update, modify, or amend any contents herein, at its sole discretion and without prior notice.  Nothing herein should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone.

Engaging in any activity involving crypto-assets (including trading crypto assets and depositing into the MegaVault) is risky due to high volatility. Returns are not guaranteed and may fluctuate over time depending on multiple factors, and you may lose your entire investment, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be suitable for retail investors. You should perform your own research and due diligence before engaging in any activity involving crypto-assets.

In no event will DI be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising from or in connection with the use of this website. By continuing to access this website, you agree to the above and accept the possibility of changes in the information provided.

Leaving site

By clicking ‘Continue’, you will be leaving https://www.dydx.xyz/ and accessing a website made available by a third party using dYdX v4 open-source software that is independent from and unaffiliated with dYdX International Ltd (“DI”). DI does not deploy or run dYdX v4 open-source software for public use, nor does it operate or control any or all parts of the infrastructure. DI is not responsible for any actions taken by independent third parties or for any codes, materials and contents on any third-party websites, including the one you would access by clicking ‘Continue’.

DI’s contents and services are not available to persons who are residents of, are located or incorporated in, or have a registered office in the U.S., Canada or any Restricted Persons as set out in the dYdX v4 open-source software Terms of Use, accessible here.  More details can be found in our Terms of Use. Learn more about dYdX v4 third-party front end options here.

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