Dolomite DEX Launches Limit Order Margin Trading for All Users
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After months of development and working with our beta testers, we’re excited to announce that margin trading is now available to all traders on Dolomite!
On Dolomite you are now able to open leveraged short or long positions with up to 5x leverage on our ETH/DAI trading pair, with more pairs to come in the future!
Read more below or try it out for yourself. This launch also includes increased liquidity, more trading pairs, and the addition of a depth chart!
What is Margin Trading?
Margin trading is like regular crypto trading, but it allows you to borrow funds to increase your exposure to the market. For example, if you have 1 ETH in your wallet, but you’re confident the price will go up, you can open a 5x long position, which turns that 1 ETH into 5 ETH. If the price goes up 5%, you gain 25%. If the market goes down, however, you lose money equally as fast. A dip of 5% means you lose 25%. In times when there is low volatility in the market, margin trading allows you to make more money off of smaller market movements!
Another benefit of margin trading is that it allows you to short assets you believe will go down in price. When you hold a short position, a decrease in price means an increase in the value of your position. On Dolomite you can short with up to 4x leverage, meaning a 5% drop in price increases the value of your position by 20%!
DEX margin trading made easy.
We’ve aimed to make DEX margin trading as easy and powerful as possible. Dolomite will be one of the first DEXs to offer limit orders for margin trading, allowing you to place a trade with up to 5x leverage at an exact price, rather than needing to place it at the market price. We’ve also designed the process to be as clear and streamlined as possible, making it easy to open a position right from your wallet in seconds!
Backed by strong tech.
We’ve built our margin trading on top of the dYdX Protocol, giving us access to over $30 million in lending liquidity and some of the best decentralized lending technology.
How to get Started
See the examples below to understand the basics of opening a leveraged long or short position with a market order or limit order.
We can’t wait to hear your feedback.
This launch brings us one step closer to a better decentralized trading future. We can’t wait for you to try out the platform for yourself and hear to your feedback! Join the discussion on Telegram and let us know what you think!
You can find us at:
- Website: dolomite.io
- Twitter: twitter.com/Dolomite_io
- Telegram: telegram.dolomite.io
- Instagram: instagram.com/dolomite_io
- Facebook: facebook.com/DolomiteOfficial
- LinkedIn: linkedin.com/company/dolomiteio
- Reddit: reddit.com/user/DolomiteOfficial
- Email: contact@dolomite.io
