Where Is The Cheese — #4 Perp Trade on Margined Protocol

Welcome back to our “🧀Where is the Cheese?🧀” series!

Modular money expansion continues and milkTIA can now be used as Staked Asset Collateral on Margined Protocol!

For full coverage of the milkTIA use cases, 👉 check out our Discovery page.

Introduction to Margined Protocol

Margined Protocol is developing decentralised perpetual protocols and margin engines for CosmWasm networks.

The key innovation of Margined Protocol is the use of concentrated liquidity pools to enable on-chain price discovery of the contracts!

Check out their documentation site for more detailed information.

Mint/ Buy and LP

1. Access Margined: First, navigate to the Margined platform.
2. Connect Your Wallet: Connect your wallet that holds your milkTIA tokens.
3. Select Asset: Go to the LP page, select ‘Mint sqOSMO to LP’, select TIA in the dropdown and check the ‘Use staked asset as collateral’ checkbox.
4. Mint sqTIA: Enter the amount you wish to mint, choose collateral ratio. Review and confirm.
5. LP into the sqTIA/ TIA pool: Navigate to the sqTIA/TIA pool on Osmosis and LP for additional yield.

💡Tip: Apart from minting sqTIA, you can also purchase sqTIA on Osmosis.

Perp Trade

1. Access: Navigate to the Power page and select the TIA market.
2. Long/ Short: Choose a Long or Short position.
3. For Long position, enter the amount, select slippage tolerance, and confirm to open position.
4. For Short position, select ‘Use staked asset as collateral’, enter the amount of milkTIA you wish to use as collateral, choose collateral ratio, select slippage tolerance, and confirm to open position.
5. Monitoring: Once the transaction is processed, you can monitor your position in the Positions page.
6. Update/ Close Position: You can update or close your position anytime in the Positions page.

Tips for Trading on Margined

• Start Small: If you’re new to perpetual trading, begin with smaller trades to understand the market dynamics without significant risk.
• Stay Informed: Keep up-to-date with market trends and news. Cryptocurrency markets can be volatile, and staying informed will help you make better trading decisions.
• Avoid Liquidation: For short positions, maintain a collateral ratio above 150% and regularly monitor your position to prevent liquidation.
• Leverage Responsibly: While leverage can amplify your gains, it can also magnify your losses. Be cautious when using high leverage.
• Join the Community: Engage with other traders in the Margined community. Forums and social media groups can be great resources for tips, insights, and support.

❓ Check out Margined’s Tutorial section for more information.

This wraps up the fourth post of the Where Is The Cheese Series.

Happy Milking! 🐄🥛