Trading
Getting Started
Connecting Your Wallet
To start trading, connect your Ethereum wallet through the app. BlockVault derives your dYdX trading address deterministically — the same Ethereum wallet always produces the same dYdX address.
Accounts and Subaccounts
- Main account (
dydx1...): your Cosmos-based address on dYdX. Bridged funds arrive here first. - Trading subaccount (subaccount 0): where actual trading happens. Collateral, positions, and margin calculations occur in this isolated subaccount.
Agent Wallet (Trading Key)
BlockVault sets up a trading key with limited permissions:
- Place orders
- Cancel orders
- Batch-cancel orders
The trading key cannot withdraw funds or transfer assets. It is registered on-chain with your explicit approval and can be revoked at any time from the Account tab.
Depositing Funds
Trading on dYdX requires USDC as collateral:
- Bridge USDC to dYdX — Use the built-in bridge (powered by Skip Go) to send USDC from Ethereum, Arbitrum, or other supported networks.
- Transfer to Trading Subaccount — Move funds from your main account into the trading subaccount.
The Trade Panel
The interface has four tabs:
- Account — Wallet info, balances, deposit/withdraw, PnL chart, ledger.
- Chart — Candlestick charts, technical indicators, order book, recent trades.
- Trade — Order creation with side, type, size, price, leverage, TP/SL.
- Positions — Open positions, pending orders, trade history.
Order Types
| Type | Description |
|---|---|
| Market | Executes at the best available price immediately. |
| Limit | Placed at a specific price, waits to be filled. |
| Stop Market | Triggers at a price level, sent as a market order. |
| Stop Limit | Triggers at a price level, placed as a limit order. |
| Take Profit | Automatically closes a position at a target price. |
All orders support Reduce Only mode.
Leverage
Up to 50x leverage depending on the market.
Order Signing
All orders are signed locally. The trading key cannot withdraw or transfer funds.
Geographic Restrictions
Access is restricted in certain jurisdictions. IP-based geolocation and dYdX protocol compliance checks are enforced.