🚙zkDX Trading Guide

zkDX is a decentralized derivatives protocol of liquidity mode, which supports traders and LPs (Liquidity Providers) act as counterparties to each other. You have the option to become a trader and earn profits from trading perpetual contracts. Alternatively, you can choose to become an LP and earn profits from the losses incurred by traders.

How to be a trader?

As a trader, you only need a minimum of $15 to open a position with leverages on zkDX. Here are the steps for trading:

Step 1: Connect Your Wallet

Visit the dapp of zkDX. Click “Connect Wallet” and link your wallet to the website.

Step 2: Switch Networks

Click the network icon in the top right corner and switch to“Blast Mainnet Live”.

Step 3: Prepare Assets

On the Blast mainnet, you need to use ETH to pay gas fees, and you need to prepare $USDB for subsequent transactions. It is recommended to have at least $15 USDB in your wallet.

Step 4: Swap $USDB to $ZUSD

Before initiating any trades, you need to swap $USDB to $ZUSD.

Click “USDB ⇆ ZUSD” to to enter the Swap Page. Enter the amount of $USDB you want to exchange for, recommended to be no less than 15 $USDB.

The swap is bidirectional, you can swap $ZUSD back to the same amount of $USDB at any time.

Step 5: Open a Position

Click “Trade” to enter the trading page. Choose a trading pair (e.g., ETH/USD), input the $ZUSD amount and open a position of “Long” or “Short”. Ensure you have a minimum of 15 $ZUSD to open a position, set leverage, and confirm the opening of a position.

Step 6: Check Your Position

View your current positions in the “Positions” section.

How to be a LP?

Enter the page of LP: Tokenomics -> $ZKLP

Buy/Sell $ZKLP Token

Please noted that if the traders incur losses, the price of $ZKLP will rise. Conversely, if the trader generates profits, the price of $ZKLP will decrease. By buying or selling $ZKLP, you become a LP which can result in profits or losses.