🚙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 $30 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 L2 network. Here we use “zkLink Nova Mainnet Live” as example

Step 3: Prepare Assets

On the zkLink Nova, you need to use ETH to pay gas fees, and you need to prepare $USDC for subsequent transactions. It is recommended to have at least $30 USDC in your wallet.

Step 4: Swap $USDC to $ZUSD

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

Click “USDC ⇆ ZUSD” to to enter the Swap Page. Enter the amount of $USDC you want to exchange for, recommended to be no less than 30 $USDC.

The swap is bidirectional, you can swap $ZUSD back to the same amount of $USDC 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 30 $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 or $ZKHLP

Buy/Sell $ZKLP or $ZKHLP Token

Currently, zkDX offer two types of LP token: $ZKLP and $ZKHLP

$ZKLP: Buy $ZKLP means provide liquidity for perpetual contract trading of mainstream coins such as BTC and ETH.

$ZKHLP: Buy $ZKHLP ZKHLP means provide liquidity for perpetual contracts trading of highly volatile assets, such as memecoins.

Please noted that if the traders incur losses during trading, the price of $ZKLP will rise. Conversely, if the traders generate profits, the price of $ZKLP will decrease. By buying or selling $ZKLP, the LPs will result in profits or losses.