11 MARKETSUSDG10 S GRIDNEXT FILL 00:10
//02_ Docs

QUICK START

//Fig_ quick_start

//01_ BEFORE YOU START

You need three things:

  • A browser wallet that injects itself into the page (MetaMask, Rabby, Coinbase Wallet and most others work).
  • USDG on chain 4663. This is your collateral.
  • A little ETH on chain 4663. Gas on this chain is paid in ETH, not in USDG.

//02_ SIX STEPS

  1. 01
    Connect. Open /trade and connect your wallet. If the wallet is on another network, the app asks it to switch to chain 4663, and to add the network first if the wallet does not know it yet.
  2. 02
    Deposit USDG. Enter an amount and confirm. USDG supports signed approvals (EIP-2612 permit), so a deposit is one signature and one transaction. The app can also send a classic approve followed by the deposit. The amount appears in your available balance.
  3. 03
    Enable one-click trading (optional). One transaction authorises a key generated in this browser, valid for up to 30 days, and sends it 0.00002 ETH for gas. After that, opening and closing positions no longer asks your wallet to confirm. The key can never withdraw. See one-click trading.
  4. 04
    Choose a market and a side. Pick a market, long or short, a margin (at least $1) and a leverage from 2x to the market maximum. The ticket shows the position size, the bust price, the fees and the paper you would receive if the position closed at a loss.
  5. 05
    Open. Submit. Your margin is locked and the request waits for the next 10 s grid point. A countdown shows the fill time. A few seconds later the keeper fills it at the RedStone price of that grid point, and the position appears with its entry price, bust price and live result.
  6. 06
    Close. Press close. A close is always for the full position and fills at the next grid point, like an open. A win returns your margin and the net gain to available, or queues the part the house cannot pay yet. A loss returns what is left of the margin and mints paper to you. Withdraw from available to your wallet at any time.

//03_ WHAT YOU WILL SEE

//AVAILABLE_
free USDG: withdraw it or use it as margin
//LOCKED_
margin held by open positions and pending opens
//CLAIMS_
gains waiting in the queue line, and the part already paid
//PAPER_
your house shares, minted on losses
//REWARDS_
USDG earned by your paper, claimable at any time

Paid claims and rewards are not in available until you collect them. The app shows a button for each when there is something to move.

//04_ EQUITY HOURS

The nine stock markets accept new requests only during the New York regular session, 09:30 to 16:00 on NYSE trading days. Outside those hours you cannot open or close an equity position, and positions stay open. Bitcoin and Ether trade at any hour. See markets and sessions.

Credits: hands from Michelangelo, The Creation of Adam (detail), public domain, via Wikimedia Commons. Marks of the markets and integrations belong to their owners (sources, credits).