THORWallet, a popular cross-chain and non-custodial DeFi wallet, has announced a new service powered by dYdX decentralized exchange (DEX). THORWallet’s launch of Perpetual trading permits the traders to have seamless access to more than two hundred perpetual markets from mobile wallets while requiring no KYC. As revealed in the official press release of THORWallet, with perpetual futures trading, the platform is merging next-gen decentralized infrastructure and deep liquidity with an advanced interface. Hence, the initiative enhances the accessibility of perpetual trading, marking a key milestone to offer institutional-level DeFi tools.
THORWallet’ New dYdX-Powered Perpetual Futures Streamline Complex DeFi Trading
By providing perpetual futures trading, THORWallet endeavors to simplify institutional-scale decentralized trading for everyday consumers. In this respect, the new service offers access to over two hundred markets. Hence, the users can reach these markets via mobile wallets while requiring no KYC checks. This development lets consumers short or long crypto assets without any expiration dates, delivering an elastic hedging strategy while also offering a staggering 50x leverage at maximum.
Apart from that, dYdX is powering the respective service, offering traders an unparalleled access to robust perpetual markets with comprehensive liquidity and faster execution. As a result of this, the consumers can retain full control over funds all the time, guaranteeing complete self-custody without any mediators involved. Additionally, the app offers a decentralized environment to the consumers to trade across over two hundred markets via one wallet.
At present, the wallet already handles the key crypto assets such as $SOL, $ETH, and $BTC. This overall cross-chain convenience streamlines cutting-edge trading, improving its accessibility for new and experienced traders. Simultaneously, the next-gen mobile design of THORWallet guarantees that users can leverage robust DeFi strategies anytime, anywhere.
Traders Permitted to Participate in $165K Trading Competitions, $20M $DYDX Rewards
According to THORWallet, along with perpetual trading, the platform is also launching a couple of key incentive programs. One of them enables traders to take part in unique trading competitions that have cumulative value of $165,000 $USDC. These rewards will be given to the most successful and active perpetual market consumers. Additionally, the traders can also utilize the worldwide incentive initiative of dYdX that will distribute a stunning $20M in $DYDX over 9 months.
