How to Trade on MatrixPerp
Bridge to Polygon
To trade on MatrixPerp, you will need to provide USDC as collateral on the Polygon network. This will require you to have a wallet like MetaMask loaded with either USDC or another asset you plan to swap for USDC.
Once you have a wallet loaded with your asset of choice you’re ready to bridge to Polygon.
Polygon bridge is our option of choice. However, this doesn’t imply endorsement. You must research and assess the risk of using any bridge before using it, just like you would any other DeFi protocol.
To do this, go to https://wallet.polygon.technology/ and deposit the asset you wish to bridge.
A more detailed tutorial on bridging to Polygon can be found on their user documentation at https://docs.matrixswap.io/getting-started-tutorials/how-to-multichain-polygon-network
As always, whenever you are trading on the Polygon network, you will need $MATIC to pay for gas fees. Lucky for you, gas fees on the Polygon network are cheap!
Connect Your Wallet to MatrixPerp
Connect your MetaMask wallet and make sure it’s on the Polygon network. Please refer back to this handy guide on how to add Polygon onto your MetaMask wallet — https://docs.matrixswap.io/getting-started-tutorials/how-to-multichain-polygon-network
USDC as Collateral
You will need to have USDC in your wallet in order to trade. USDC will be used as collateral and will change depending on your position size.
Open a Position
Now that you’re connected to MatrixPerp via the Polygon network, you’re ready to open a position!
First, select a trading pair you’d like to open a position with.
Next, you want to select whether you’d like to long or short this asset.
After that, please fill out the amount you’d like to trade either in the Amount section or the Collateral section.
You can also trade with up to 10x leverage depending on your risk tolerance. Adjust using the slider bar. Input collateral, then adjust your leverage.
The slippage tolerance is set at 0.5% at default however, you are able to adjust this too.
Finally, you can click “Open Position” to execute the trade on the bottom left.
A pop-up window will appear with all of the trade information. A MetaMask notification will appear. To move forward, confirm the transaction in your wallet and wait until it’s approved!
You’re all set — you’ve just opened your position!
How to Close a Position
Now you can see your Positions, Trade History, and Funding Payment on the bottom of the DEX.
You will find two buttons (Margin) & (Close).
If you click (Margin) next to your open position, you can adjust your margin.
If you click (Close) next to your open position, you can close out of your position.
Congrats, you’re ready to start trading on MatrixPerp!
About Matrix Labs
Matrix Labs is building an ecosystem of DeFi products that will interoperate to maximize returns while minimizing risks for users. Matrix Lab’s products focus on capturing unaddressed demand in DeFi in an innovative and user-friendly way that is open to everyone.
Trade Perpetuals Using MatrixPerp
MatrixPerp is finally live on Mainnet! With high throughput, fast transactions, and minimal slippage, you can now long or short assets on a decentralized exchange.
Trade now — https://perp.matrix-labs.xyz/trade
Use Matrixswap on Polygon, BSC, Avalanche, & Fantom
Matrixswap, our DEX Aggregator, is now LIVE on four different chains — Polygon, BSC (Binance Smart Chain), Avalanche, & Fantom. Trade all of your favorite assets within these three chains and enjoy the unique features Matrixswap has to offer.
Use it here — https://swap.matrix-labs.xyz/
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(Not financial advice)