Bringing the Indonesian Rupiah On-Chain: Defx Partners with IDRX
At Defx, our mission has always been to build the most trader-focused Layer 1 infrastructure for perpetual futures. Speed, execution, liquidity, and transparency are critical, but they are only part of the story.
The real unlock for on-chain adoption also lie in ease of access which is generally through efficient on-ramps. If users cannot move their local currency into crypto efficiently, the broader DeFi ecosystem remains out of reach.
This is why we are proud to announce our partnership with IDRX, a stablecoin pegged 1:1 to the Indonesian Rupiah. This integration allows Indonesian users to seamlessly deposit and withdraw IDR, convert into on-chain assets, and begin trading or earning yield on Defx.
Growing the Pie Through On-Ramps
In the on-chain space, most DEXs are fighting over the same set of active users. These are typically a mix of farmers and a smaller pool of genuine on-chain traders. The pie remains limited while the majority of trading activity still happens on centralized exchanges.
If DeFi is to scale beyond this small base, the next step must be to grow the pie. That growth cannot come from chasing the same users with more incentives. It comes from solving the access problem.
On-ramps are the key. Without efficient ways to move from local currency into on-chain markets, most potential users will never make the jump.
Every DEX in the market today talks about building a “CEX-like” experience. Typically, this means faster order books, more pairs, and deeper liquidity. While these are important, they overlook the most fundamental barrier: access.
Without efficient on-ramps, users remain stuck in centralized exchanges or face high fees through third-party fiat aggregators. For DeFi to scale, we must make onboarding as simple as:
Sign up
Deposit local currency
Start trading
This partnership with IDRX takes a major step toward that vision.
What is IDRX?
IDRX is a stablecoin backed 1:1 with the Indonesian Rupiah. It offers:
Price Stability: Each IDRX is always equal to 1 IDR.
Zero Conversion Fees: IDR deposits convert into IDRX without hidden charges.
Accessibility: Available through Indonesian banks, e-wallets, and QRIS.
Security: Multi-signature controls and on-chain verification to ensure reliability.
By integrating IDRX into Defx, we are opening on-chain markets to one of the world’s most active crypto user bases.
How to On-Ramp IDR on Defx
Getting started with IDR on Defx is simple and fully integrated inside the app. Here is the step-by-step process:
Go to Wallet → Fiat tab
Select IDR as your currency
Complete Quick KYC
Fill in your name, email, and address.
Enter your 16-digit NIK.
Upload your KTP identity document (PNG, JPG, PDF).
Verification is handled securely by our partner IDRX
.
Deposit IDR
Once verified, deposit Rupiah directly from your bank or e-wallet (OVO, GoPay, QRIS).
There are no conversion fees.
Receive IDRX Instantly
Every Rupiah converts 1:1 into IDRX with zero hidden costs.
Convert to USDC on Base
Use the Buy-Sell page under the Trade menu to swap IDRX into USDC on Base
Start Trading or Earning
Trade perpetuals with USDC collateral.
Or deposit into DLE vaults to earn yield from our vaults.
This flow allows Indonesian users to move seamlessly from local fiat into on-chain markets. The process is fast, low-cost, and built directly into the Defx user experience.
The Bigger Picture: Growing the Pie
This launch is about more than just fiat access. It reflects our belief that on-ramps are one of the core foundations for DeFi adoption.
By solving fiat entry at the protocol level, Defx is:
Lowering the barriers for retail traders to participate in DeFi.
Creating efficient rails that bypass expensive fiat aggregators.
Expanding the size of the on-chain user base, not just competing for existing liquidity.
Indonesia is the starting point, but this framework is built to scale across global markets.
What’s Next
The IDRX integration is the first step in a broader plan to simplify on-chain access:
Stablecoin Orchestration: Efficient swaps across multiple fiat stables to find the best liquidity path.
Buy-Sell Flows: A unified interface for fiat-to-token conversion across supported chains.
Global Expansion: Adding more regional stablecoins beyond Indonesia to build a truly global on-ramp network.
Our goal is to make Defx the most accessible and comprehensive trading platform in DeFi.
Indonesia, welcome to Defx. ❤️