Merkle Trade is a decentralized protocol on Aptos blockchain. This means that trading on Merkle Trade is you are interacting with the protocol on the blockchain while retaining full custody of your account and balance.
How Google sign-in works
When you sign in with Google, your unique blockchain account is derived from your Google account credentials. Each time you trade on Merkle Trade, you sign transactions with your blockchain credentials stored in your browser. These credentials do not leave your browser and you retain full custody.
This account setup is enabled by Zero-knowledge proofs. For more information, refer to the Aptos Keyless documentation.
Is there a way to recover my account even if something happens to the website?
Yes. Aptos Keyless supports a recovery path where a recovery service can be activated then users can recover their accounts (See AIP-61). We also plan to add a feature that will let you add a backup key to your account.
Can I add Google sign-in to an account created with a wallet?
If you have an account created with a web3 wallet, you can add Google sign-in to it. Once linked, you'll be able to sign in with either Google or your web3 wallet.
We recommend linking Google to your Aptos wallet account ONLY IF your Aptos account is used solely for Merkle Trade. Adding Google Sign-In introduces a new authentication method, affecting the overall security of your account beyond Merkle Trade. After linking, the security of your Aptos account will be tied to the security of your Google account. Only proceed if you fully understand these security implications.
Can sign in with EVM wallet?
We have temporarily paused support for EVM wallets for sign-in while we work on a better solution for onboarding EVM wallet users.
Users who previously signed in with an EVM wallet can still do so. However, we recommend linking a Google account for easier access, as we plan to phase out EVM wallet support in the long run.
Deposit/Withdrawal
How do deposits/withdrawals work?
Deposit on Merkle Trade is a fully decentralized process. Here's how it works:
A unique EVM deposit address is derived from your Aptos account address.
Once funds are sent to the derived deposit address, a DirectDeposit contract is deployed at that address by DirectDepositFactory.
Keeper triggers either sendToAptos or swapAndSendToAptos to swap and transfer the asset through the CCTP bridge.
Yes, a small deposit fee (usually less than $1) is applied to cover the gas fees.
Fees may vary by network and may change based on current network congestion. For the latest fee details, please refer to the fees displayed on the Deposit page.
Why did my funds get deposited as USDC?
Merkle Trade currently supports USDC only. If you transferred assets in USDT or DAI, it will be converted to USDC and credited to your account.
