The video guide steps you through how to open a margin position on DDEX. It only takes a minute or two to setup.
For simplicity, we'll also list the major steps below:
Step 1: Connect a wallet
When you log into the app, you'll see a connect wallet button on the left side of the screen. Click it and sign from your external wallet to start.
Step 2: Select a market
The Select Market button is in the top left area of the platform. Click it to view the markets and select your preference (we are showing the ETH-USDT market in the example).
Step 3: Select your type, amount, and leverage rate for your position
Describe the details of your desired position. Do you want to Long or Short? How much? And how much do you want to leverage your position?
Step 4: Follow the modal - Deposit and Borrow
The basic mode will compose all of the required actions to achieve your position. It's a two step process. The first step deposits collateral (ETH in this case) and borrows assets (USDT in this case).
Step 5: Continue following the modal - Trade
The final process makes the trade to leverage your position! In this case, it trades USDT for ETH, leveraging the position.
That's it! Congrats :)