Trading During Our Beta Phase on Mu Exchange
Trading During the Beta Phase
Under development throughout the bear market, Mu is here for users to trade and experience the freedom of Decentralized Perpetual Exchanges. Note that we are currently in Beta mode, so there are a few things to consider and a few limitations before we open the floodgates:
- Open Position Limits — Minimum: 1000 $sDAI; Maximum: 5000 $sDAI
- Leverage — Minimum: 1; Maximum: 50
- Collateral — Minimum: 100 sDAI; Maximum: none
- Total Maximum Staking Amount — 500,000 $sDai
- Open Interest — BTC/USD: 150,000; ETH/USD: 150,000; USD/JPY: 150,000; GBP/USD: 150,000
- Delta of Long and Short Positions— 100,000
- Group Margin % of Vault Amount — Crypto: 20%; FX: 20%
- Open/Close Fee — 0.05% of Position Size
- Liquidation — 5% of Collateral
Please pay attention to the above limitations; they will gradually be loosened up as we near the end of the Beta Phase.
The purpose of the Beta Phase is for users to get used to our interface and understand the logistics of coming onto Gnosis Chain to trade. This is also a perfect time to reward our early supporters and testers — we will take note of the users during this period for some special surprises in the future!
Trading on Mu Exchange
- Make sure you have your wallet set up; read our article here!
- Read how you can bridge your assets to Gnosis Chain!
- Read up again on how to trade on Mu!
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