dYdX Pocket Pro Bot Review: What to Expect Before You Try It

Traditional Telegram bots usually handle basic functions like quoting prices, executing small orders, or sharing portfolio summaries. They rarely deliver the full scope of a trading terminal with order management, margin control, and live analytics. The new Pocket Pro Bot, built on dYdX’s infrastructure, aims to break free of those limitations. It promises to turn Telegram into a full-fledged trading terminal for both Solana spot tokens and perpetual contracts. Here’s a closer look at what it does, how it works, and what to expect before you try it.

What is Pocket Pro Bot?

Pocket Pro Bot is a Telegram-based trading interface developed by dYdX Labs. It connects directly to dYdX’s decentralized infrastructure and allows users to access both spot and perpetual markets from within the Telegram app.

The bot operates through two separate wallets: the Memes Wallet, which supports Solana-based spot trading, and the Perps Wallet, which links to dYdX’s perpetual contract markets on Arbitrum and Solana.

Unlike traditional Telegram trading bots that rely on custodial setups, Pocket Pro is non-custodial. Each user receives unique wallet addresses generated by the bot through on-chain smart contracts, which means funds and private keys remain under the user’s control at all times.

The bot essentially serves as a command interface that routes signed transactions to the blockchain. This approach keeps Telegram as the front-end interaction layer while execution, settlement, and balance tracking occur entirely on-chain.

Core features and experience

While Pocket Pro Bot keeps everything nicely tucked inside Telegram, it feels closer to a proper trading platform than a typical chat tool.

You can switch between two wallets depending on what you want to trade:

The Memes Wallet covers Solana spot markets, where you can buy or sell tokens directly from your Telegram chat.
The Perps Wallet connects to dYdX’s perpetual markets on Arbitrum and Solana, offering margin and leverage options for more advanced setups.

Each wallet has its own deposit address. You can fund the Memes Wallet with SOL or USDC on Solana, while the Perps Wallet accepts USDC on Arbitrum or Solana.

Depositing SOL into the Perps Wallet automatically converts it into USDC through Jupiter’s liquidity network. Once your wallet is active, you can access over 200 markets through simple chat commands such as /long BTC, /short ETH, or /positions to view balances and open trades.

Pocket Pro also introduces a social layer inside Telegram groups. You can use it to access auto-generated trade cards, share PnL results, and follow their friends’ positions in real time.

Leaderboards inside the bot show how each trader and group performs (which adds a friendly sense of competition to every chat).

To cut a long story short, despite operating inside a messenger app, Pocket Pro manages to replicate pretty much everything you would expect from a lightweight trading terminal.

The $100K trading competition

Pocket Pro Bot launched with a $100,000 trading competition to promote engagement among Telegram users. The event featured two categories — a Squad PnL competition and an Individual Volume competition — each with $50,000 in prizes.

Participants could join Telegram groups, form squads, and compete based on profit or trading activity. The initiative aimed to show how trading could function as a shared experience inside chat environments rather than a solitary task.

It also helped dYdX Labs test how social features like leaderboards and PnL tracking perform in real-world conditions.

Pocket Pro Bot: The onboarding process

The onboarding process is pretty straightforward. You just need to follow these steps:

Step 1 — DM the bot and run /start: Message @pocketprotectorbot on Telegram. Run /start. The bot shows your unique deposit addresses. Pick Memes or Perps.
Step 2 — Deposit funds: Send SOL or USDC to your Solana address for Memes Wallet. No minimum. For Perps Wallet, send USDC to your Arbitrum address, or USDC or SOL to your Solana address. The Perps minimum is 10 USDC. SOL sent to Perps converts to USDC via Jupiter with typical low slippage.
Step 3 — Bridge funds: Tap Bridge. Funds arrive in about 1 to 10 minutes. A bridge fee may apply for cross-chain deposits.
Step 4 — Confirm balances and open positions: Run /positions. You see wallet balance, open positions, and PnL. Only the Perps Wallet counts for dYdX perpetuals.
Step 5 — Place orders with simple commands: Examples: /buy SOL, /sell SOL, /long BTC, /short ETH. Use /positions to review and manage active positions.
Step 6 — Add the bot to group chats: From the /start menu, select Add to Group, or add the bot from your chat info panel. Grant Admin. Admin access enables trade alerts, PnL cards, leaderboards, and price posts.
Step 7 — Set your Squad for competitions: Open /settings and select Set Squad. Squad selection locks during an active event. Your trades then contribute to your group’s metrics.

Security and transparency in Pocket Pro Bot

Pocket Pro Bot operates as a non-custodial interface, meaning users retain full control of their funds at all times. Wallets are generated individually for each user, and transactions are signed directly through the bot before being executed on-chain.

Deposits and conversions rely on established liquidity routes such as Jupiter DEX on Solana, which handles SOL-to-USDC swaps automatically when required.

Meanwhile, settlements and order executions take place on dYdX’s audited smart-contract framework. This ensures that trades and balances remain visible on the blockchain. Additionally, this structure removes any dependency on centralized storage or internal balance sheets.

The team overseeing the product assures that transparency extends to PnL tracking and position data, which reflects on-chain activity rather than proprietary backend records.

It is also worth noting that dYdX Labs and its affiliates develop the open-source technology but do not operate the live deployment. It helps the team deliver a clear regulatory separation between the software provider and independent network participants.

Eligibility and regional restrictions

Pocket Pro Bot has regional limits you should know about. If you are based in the United States, Canada, or any other restricted region listed in dYdX’s terms of use, you won’t be able to access it.

The system runs on a permissionless, KYC-free setup, which keeps it open to most regions but also means it’s up to you to confirm your local rules. So, before depositing funds or opening a position, you might want to take a moment to check whether or not your local regulations permit interaction with decentralized trading protocols

Remember, the Perps Wallet supports leveraged perpetuals. That means market volatility, changing funding rates, or liquidation triggers can erase your balance quickly, which is why you should treat it like any high-risk product.

The smartest way to go about it is to understand properly how it works before you start trading.

Pros and cons

Pros

➤ Lets you trade perpetuals and Solana-based tokens directly inside Telegram without switching apps.
➤ Keeps funds non-custodial, so wallet control always stays with you.
➤ Displays real-time PnL cards, balances, and leaderboards that help track performance.
➤ Uses dYdX’s decentralized infrastructure for execution and settlement.
➤ Adds a social layer through group chats, where you can share or mirror trades.
➤ Works across Solana and Arbitrum, giving access to a broad set of markets.
➤ Reduces friction for mobile users who prefer Telegram over browser-based platforms.

Cons

➤ Restricted in several regions, including the U.S. and Canada.
➤ The Telegram interface can feel limited at times when managing large or complex positions.
➤ Separate wallets for spot and perpetual trading can confuse first-time users.

Is Pocket Pro the right fit for you?

Pocket Pro Bot probably represents dYdX’s most direct move so far toward social, mobile-first trading. It brings decentralized markets into a familiar Telegram chat interface, which indeed makes trading feel more integrated with day-to-day communication.

The fact that the design focuses on accessibility and group interaction rather than complex dashboards could help attract a wider audience to on-chain trading. While the concept shows clear potential, the product remains in early stages and will likely evolve as usage grows.

So, put simply, it is an option worth considering if you want a simpler, chat-based way to access decentralized trading without sacrificing control or transparency.

That said, always remember that perpetual trading involves significant risk and may not suit all participants. Price volatility, leverage, and funding rate changes can lead to rapid losses, including total capital loss. So tread carefully and understand the mechanics before committing funds.