Perpetuals Trading

Introducing Singular Perpetuals: The Next Evolution in Decentralized Trading

Singular Perps: Revolutionizing Decentralized Trading

In the pursuit of innovation and efficiency in the cryptocurrency market, Singular DEX stands as a pioneering decentralized exchange that eliminates the conventional barriers of username and password requirements for trading. Our platform is engineered to offer a seamless and secure trading experience, leveraging an advanced price feed mechanism. This mechanism integrates an aggregate of exchanges, significantly mitigating the risk of liquidations due to transient price spikes, known as wicks.

Key Features:

• Decentralized Access: Trade freely without usernames or passwords.

• Advanced Price Feed: Aggregated from multiple sources to ensure stability.

• Versatile Trading Options: Supports both swaps and leverage trading for various strategies.

• Comprehensive Tutorials: Step-by-step guides for network addition and wallet connection.

• Resilient Infrastructure: Use alternative RPC URLs during peak times for uninterrupted trading.

• Dynamic Collateral Options: Flexibility in selecting collateral types for personalized trading strategies.

• Smart Leverage Management: Adaptive leverage limits to protect the market integrity.

• Efficient Position Management: Tools for precise control over your trades and risk exposure.

• Innovative Order Types: Including limit, stop-loss, and take-profit orders for strategic trading.

• Transparent Fee Structure: Clear breakdown of trading, swap, and funding fees.

• Enhanced Safety Measures: One-click trading with built-in security protocols.

Wallet Integration

For those new to the ecosystem, the pathway to trading begins with acquiring a wallet. Rabby stands as a recommended option for its reliability and ease of use. Once you have created a wallet, connecting it to Singular DEX is straightforward—simply click on the "Connect Wallet" button on the Trade page.

Should you encounter a message indicating a disconnection from the Arbitrum or Avalanche networks, the solution is at hand. Simply select "Add Arbitrum" or "Add Avalanche" to integrate the respective network into your wallet. For users seeking a more hands-on approach, manual addition of these networks is supported, with tutorials available for both Arbitrum and Avalanche.

RPC URL Utilization

As a cornerstone of decentralized exchanges, Singular DEX leverages RPC URLs for the efficient querying of data and execution of transactions. However, users may occasionally experience delays or limitations in responsiveness. To mitigate this, alternative RPC URLs are available for a more streamlined experience.

Initiating Trades

Starting your trading journey on Singular DEX requires ETH in your Arbitrum account or AVAX in your Avalanche account. These assets can be directly acquired on the respective networks or transferred from other networks, providing flexibility for traders.

Advanced Trading Options

Singular DEX supports a comprehensive range of trading options, from simple swaps to sophisticated leverage trading. Whether seeking to profit from price increases (long positions) or decreases (short positions), GMX offers the tools necessary to execute these strategies effectively.

One-Click Trading

One-Click Trading can be enabled through the account menu in the top-right corner of the interface. When activated, this feature allows users to trade without needing to sign each transaction through a wallet popup.

Safety Features:

• Funds from closing positions, decreasing positions, or swaps can only be returned to your wallet.

• Users can pre-authorize a maximum number of trades without a signing popup. For example, if 10 trades are authorized, a signing popup will reappear after the 10th trade to re-authorize further actions.

Risks:

• One-Click Trading operates through a locally stored subaccount in your browser. If your browser is compromised, a malicious actor could exploit this feature to create trades with high price impact.

• The pre-authorized limit still applies, limiting any malicious trades to the previously authorized number.

You can disable One-Click Trading anytime by selecting “Deactivate” in the settings menu.

Customizing Your Trading Experience

The Singular DEX platform allows for a high degree of customization, from selecting the market and pool of your choice to choosing the type of collateral that backs your positions. This flexibility enables traders to tailor their strategies to match their individual risk profiles and trading objectives.

Collateral Selection

When trading on SingularDEX, multiple collateral options may be available depending on the market. For example, in the ETH-USDC market, traders can choose to store their position’s collateral as either ETH or USDC.

Here’s how different collateral choices can be used:

• Long ETH with ETH as Collateral: You’re exposed to ETH both from your long position and your ETH collateral. For example, you can open a long position of 0.1 ETH using 1 ETH as collateral, giving you a total exposure of 1.1 ETH.

• Long ETH with USDC as Collateral: Here, you are only exposed to ETH from your long position, not the collateral. This is beneficial if you frequently switch between long and short positions.

• Short ETH with ETH as Collateral: Ideal for delta-neutral strategies to earn funding fees. For instance, if funding rates favor shorts, you can open a 1 ETH short position with 1 ETH as collateral.

• Short ETH with USDC as Collateral: This setup is useful if you frequently switch between long and short positions.

Note: When using a non-stablecoin as collateral for a long position, the liquidation price may fluctuate based on the price of the collateral.

Max Leverage

The maximum leverage allowed in a pool will decrease as the total open interest in the pool increases. This prevents manipulation of price impact using high leverage in low-liquidity markets. The system will display a warning if your position exceeds the max allowed leverage.

Important: This limitation only applies to opening or increasing positions, not to existing positions. When closing or reducing positions, if the maximum leverage is exceeded, the order will still be executed, but the collateral will not be reduced.

Leverage and Position Management

Understanding the dynamics of leverage and the management of open positions is crucial. Singular DEX provides a transparent interface for monitoring and adjusting your positions to optimize performance and manage risk.

Innovative Order Types

Singular DEX introduces advanced order types such as limit orders and stop-loss/take-profit orders, enhancing strategic options for traders. These features are designed to provide greater control over trading outcomes, aligning with our commitment to user empowerment.

Ensuring Market Integrity

To maintain the integrity of the trading environment, Singular DEX implements measures such as ADL (Auto-Deleveraging) and a thoughtful approach to fees and rebates. These mechanisms ensure that the platform remains robust, fair, and capable of accommodating the diverse needs of our trading community.

In conclusion, Singular DEX represents a forward-thinking solution to decentralized trading, characterized by its user-friendly interface, advanced trading options, and commitment to security and market integrity. By embracing innovation and prioritizing user experience, Singular DEX is poised to set new standards in the cryptocurrency trading landscape.