Sep 16, 2024

Sep 16, 2024

Sep 16, 2024

Guide: Getting Started on Velar Artha PerpDex on BOB (Build on Build)

Guide: Getting Started on Velar Artha PerpDex on BOB (Build on Build)

Guide: Getting Started on Velar Artha PerpDex on BOB (Build on Build)

This guide will walk you through the process of setting up and trading on Velar Artha PerpDex using the BOB (Build on Bitcoin) network.

Important Note: Beta Mainnet Launch

We're excited to announce that Velar Artha PerpDex is currently in its beta mainnet phase. As with any cutting-edge technology, you may encounter some features that are still being refined or optimized. We appreciate your understanding and valuable feedback during this phase as we work to deliver the best possible trading experience.

Please keep in mind:

  • Some features may be temporarily limited or unavailable as we fine-tune the platform.

  • Leverage options might be restricted for larger positions to ensure platform stability and user safety.

  • The platform uses a WBTC/USDT pool for liquidity, but relies on a BTC/USD price feed for accurate pricing information.

  • We're continuously monitoring and improving the system based on real-world usage and user feedback.

Your participation in this beta phase is crucial in helping us shape the future of decentralized perpetual exchanges. We thank you for your patience and support as we work towards full functionality.

Step 1: Bridge Assets to BOB

  1. Go to https://app.gobob.xyz/ to bridge your assets (WBTC & USDT) from Ethereum or any other network to BOB.

  2. Important: You'll need gas fees in ETH to pay for transactions on the BOB network.

Step 2: Add BOB Network to MetaMask

  1. Visit https://explorer.gobob.xyz/

  2. Scroll to the bottom of the page.

  3. On the left side, you'll see a button to add the BOB network to your MetaMask wallet.

  4. Click the button and follow the prompts to add the network.

Step 3: Access Velar Artha PerpDex

  1. Go to https://perpdex.velar.com

  2. Connect your MetaMask wallet.

Step 4: Connect Your Wallet & Select BOB Network

  1. On the PerpDex interface, click the "Connect Wallet" button.

  2. Choose "MetaMask" from the list of options.

  3. Review and approve the connection request.

  4. Once connected, find the network selection dropdown menu.

  5. Select "Build on Bitcoin (BOB)" from the list.

  6. Confirm the network switch in MetaMask when prompted.

Step 5: Select a Trading Pair

  1. In the top-left corner of the PerpDex interface, choose your desired trading pair.

  2. Currently, only one pair (vBTC-vUSDT) is available. More pairs will be added in the coming weeks.

Step 6: Open a Position

  1. Use the side panel on the PerpDex interface to open a long or short position.

  2. Adjust the leverage slider (up to 20x available, subject to position size and current beta limitations).

  3. Set your entry price and specify the order size.

  4. Click "Long" or "Short" to open your position.

Note: 

- For long positions, you need vUSDT as collateral.

- For short positions, you need vBTC as collateral.

- During the beta phase, leverage options may be limited for larger positions to ensure platform stability.

Step 7: Monitor Your Position

  1. Open positions will appear in the "Positions" section of the interface.

  2. Key metrics will be available soon, including:

  • Net Value

  • Order Size

  • Market Price

  • Entry Price

  • Leverage

  • Collateral

  • Unrealized profit/loss

Step 8: Close Your Position

  1. In the "Positions" section, find the position you want to close.

  2. Click the "Close" button next to the position.

  3. Check the "Trades" tab for details of your closed position.

Additional Notes

- Always ensure you're interacting with the official Velar Artha PerpDex website to maintain the safety of your funds.

- If you encounter any issues or have questions, reach out to the Velar community on Discord for support.

- We value your feedback during this beta phase. Your insights will help us enhance the platform for everyone.

Thank you for being part of our journey in revolutionizing decentralized perpetual exchanges. Happy trading on Velar Artha PerpDex!

This guide will walk you through the process of setting up and trading on Velar Artha PerpDex using the BOB (Build on Bitcoin) network.

Important Note: Beta Mainnet Launch

We're excited to announce that Velar Artha PerpDex is currently in its beta mainnet phase. As with any cutting-edge technology, you may encounter some features that are still being refined or optimized. We appreciate your understanding and valuable feedback during this phase as we work to deliver the best possible trading experience.

Please keep in mind:

  • Some features may be temporarily limited or unavailable as we fine-tune the platform.

  • Leverage options might be restricted for larger positions to ensure platform stability and user safety.

  • The platform uses a WBTC/USDT pool for liquidity, but relies on a BTC/USD price feed for accurate pricing information.

  • We're continuously monitoring and improving the system based on real-world usage and user feedback.

Your participation in this beta phase is crucial in helping us shape the future of decentralized perpetual exchanges. We thank you for your patience and support as we work towards full functionality.

Step 1: Bridge Assets to BOB

  1. Go to https://app.gobob.xyz/ to bridge your assets (WBTC & USDT) from Ethereum or any other network to BOB.

  2. Important: You'll need gas fees in ETH to pay for transactions on the BOB network.

Step 2: Add BOB Network to MetaMask

  1. Visit https://explorer.gobob.xyz/

  2. Scroll to the bottom of the page.

  3. On the left side, you'll see a button to add the BOB network to your MetaMask wallet.

  4. Click the button and follow the prompts to add the network.

Step 3: Access Velar Artha PerpDex

  1. Go to https://perpdex.velar.com

  2. Connect your MetaMask wallet.

Step 4: Connect Your Wallet & Select BOB Network

  1. On the PerpDex interface, click the "Connect Wallet" button.

  2. Choose "MetaMask" from the list of options.

  3. Review and approve the connection request.

  4. Once connected, find the network selection dropdown menu.

  5. Select "Build on Bitcoin (BOB)" from the list.

  6. Confirm the network switch in MetaMask when prompted.

Step 5: Select a Trading Pair

  1. In the top-left corner of the PerpDex interface, choose your desired trading pair.

  2. Currently, only one pair (vBTC-vUSDT) is available. More pairs will be added in the coming weeks.

Step 6: Open a Position

  1. Use the side panel on the PerpDex interface to open a long or short position.

  2. Adjust the leverage slider (up to 20x available, subject to position size and current beta limitations).

  3. Set your entry price and specify the order size.

  4. Click "Long" or "Short" to open your position.

Note: 

- For long positions, you need vUSDT as collateral.

- For short positions, you need vBTC as collateral.

- During the beta phase, leverage options may be limited for larger positions to ensure platform stability.

Step 7: Monitor Your Position

  1. Open positions will appear in the "Positions" section of the interface.

  2. Key metrics will be available soon, including:

  • Net Value

  • Order Size

  • Market Price

  • Entry Price

  • Leverage

  • Collateral

  • Unrealized profit/loss

Step 8: Close Your Position

  1. In the "Positions" section, find the position you want to close.

  2. Click the "Close" button next to the position.

  3. Check the "Trades" tab for details of your closed position.

Additional Notes

- Always ensure you're interacting with the official Velar Artha PerpDex website to maintain the safety of your funds.

- If you encounter any issues or have questions, reach out to the Velar community on Discord for support.

- We value your feedback during this beta phase. Your insights will help us enhance the platform for everyone.

Thank you for being part of our journey in revolutionizing decentralized perpetual exchanges. Happy trading on Velar Artha PerpDex!

This guide will walk you through the process of setting up and trading on Velar Artha PerpDex using the BOB (Build on Bitcoin) network.

Important Note: Beta Mainnet Launch

We're excited to announce that Velar Artha PerpDex is currently in its beta mainnet phase. As with any cutting-edge technology, you may encounter some features that are still being refined or optimized. We appreciate your understanding and valuable feedback during this phase as we work to deliver the best possible trading experience.

Please keep in mind:

  • Some features may be temporarily limited or unavailable as we fine-tune the platform.

  • Leverage options might be restricted for larger positions to ensure platform stability and user safety.

  • The platform uses a WBTC/USDT pool for liquidity, but relies on a BTC/USD price feed for accurate pricing information.

  • We're continuously monitoring and improving the system based on real-world usage and user feedback.

Your participation in this beta phase is crucial in helping us shape the future of decentralized perpetual exchanges. We thank you for your patience and support as we work towards full functionality.

Step 1: Bridge Assets to BOB

  1. Go to https://app.gobob.xyz/ to bridge your assets (WBTC & USDT) from Ethereum or any other network to BOB.

  2. Important: You'll need gas fees in ETH to pay for transactions on the BOB network.

Step 2: Add BOB Network to MetaMask

  1. Visit https://explorer.gobob.xyz/

  2. Scroll to the bottom of the page.

  3. On the left side, you'll see a button to add the BOB network to your MetaMask wallet.

  4. Click the button and follow the prompts to add the network.

Step 3: Access Velar Artha PerpDex

  1. Go to https://perpdex.velar.com

  2. Connect your MetaMask wallet.

Step 4: Connect Your Wallet & Select BOB Network

  1. On the PerpDex interface, click the "Connect Wallet" button.

  2. Choose "MetaMask" from the list of options.

  3. Review and approve the connection request.

  4. Once connected, find the network selection dropdown menu.

  5. Select "Build on Bitcoin (BOB)" from the list.

  6. Confirm the network switch in MetaMask when prompted.

Step 5: Select a Trading Pair

  1. In the top-left corner of the PerpDex interface, choose your desired trading pair.

  2. Currently, only one pair (vBTC-vUSDT) is available. More pairs will be added in the coming weeks.

Step 6: Open a Position

  1. Use the side panel on the PerpDex interface to open a long or short position.

  2. Adjust the leverage slider (up to 20x available, subject to position size and current beta limitations).

  3. Set your entry price and specify the order size.

  4. Click "Long" or "Short" to open your position.

Note: 

- For long positions, you need vUSDT as collateral.

- For short positions, you need vBTC as collateral.

- During the beta phase, leverage options may be limited for larger positions to ensure platform stability.

Step 7: Monitor Your Position

  1. Open positions will appear in the "Positions" section of the interface.

  2. Key metrics will be available soon, including:

  • Net Value

  • Order Size

  • Market Price

  • Entry Price

  • Leverage

  • Collateral

  • Unrealized profit/loss

Step 8: Close Your Position

  1. In the "Positions" section, find the position you want to close.

  2. Click the "Close" button next to the position.

  3. Check the "Trades" tab for details of your closed position.

Additional Notes

- Always ensure you're interacting with the official Velar Artha PerpDex website to maintain the safety of your funds.

- If you encounter any issues or have questions, reach out to the Velar community on Discord for support.

- We value your feedback during this beta phase. Your insights will help us enhance the platform for everyone.

Thank you for being part of our journey in revolutionizing decentralized perpetual exchanges. Happy trading on Velar Artha PerpDex!

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©2024, All right reserved.