Dexodus offers a premier gamified experience in perpetual trading. Enjoy trading battles, leagues, fee rakebacks, jackpots and much more! However, it’s not only about gamification. Their cutting-edge technology includes concentrated liquidity pools, restaking mechanisms, and Chainlink DataStreams.
Dexodus delivers a CEX-like experience with fair fees across multiple markets by leveraging account abstraction for gasless and one-click trading. Their innovative copy trading feature aims to onboard retail users, providing a seamless and exciting trading environment.
The Dexodus just launched their testnet, and we are going to use all the features to maximize our position in this potential airdrop!
Step by Step Guide
Getting Started
– Visit: https://app.dexodus.finance/
– Connect your wallet.
Faucet
– After you are logged in you will enter the main screen.
– On the top you will see a faucet button.
– Click the button and sign the transactions.
– You can claim this faucet every 24 hours (recommended)
Open market and limit positions
Market:
– Click ‘Long’
– input amount in usdc
– adjust the leverage ticker
– Click on ‘Long ETH’ and confirm in wallet.
Limit:
– Click limit
– input amount and confirm in wallet.
– Select ‘Short’ and repeat the process to short ETH.
– Do this multiple times and more times a week to create transactions and volume!
Manage positions
Take profit:
– On your open positions, click on ‘Close’
– input a limit price and confirm.
Stop Loss:
– select stop loss.
– input a limit price and confirm.
Increase/Decrease Collateral.
– On your open positions, navigate to ‘collateral’ and click on the edit icon
– Increase your collateral and confirm.
You can also choose another open position and decrease collateral
Close any position
– Select any open position and click ‘close’
– select 100% and close position.
Deposit and Withdraw to trading account
Besides the faucet button click on your balance.
Withdraw:
– Click ‘Dexodus Account’
– select ‘Withdraw’
– input token amount and confirm.
– This withdraws the faucet tokens from your trading account to your wallet.
Deposit:
– Click ‘Dexodus Account’
– select ‘Deposit’
– input token amount and confirm.
– This deposits the faucet tokens from your wallet to your trading account.
Provide Liquidity
– In the previous step you learned to withdraw, this is needed to provide liquidity.
– Once you have withdrawed some liquidity, click the protocol button.
– Or visit: https://app.dexodus.finance/protocol
– Deposit everyday a little USDC.
That’s all for now. We hope you find value in this guide.
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