Why Trade on Hyperswap?
Hyperswap stands out as a next-generation decentralized exchange (DEX) by offering seamless access to **Spot, Perpetual, and Lending** markets all under one roof, natively integrated across multiple blockchain networks. This multi-chain capability allows users to find the best prices and lowest fees without manually bridging assets. For beginners, understanding these three units is the key to unlocking the full potential of DeFi.
Before beginning any operation, ensure your **Web3 wallet** (like MetaMask) is connected and funded with the native gas token of the chain you wish to use (e.g., ETH on Ethereum, BNB on BSC, MATIC on Polygon).
Step-by-Step Guide to Hyperswap's Core Units
1. Spot Trading (The Swap)
- **Select Chains:** Use the dropdown to choose your source and destination chains (e.g., Polygon to Avalanche).
- **Input Assets:** Select "Token A" (what you have) and "Token B" (what you want).
- **Slippage Check:** Review the **Slippage Tolerance** (default 0.5%). If your trade is large, lower liquidity might cause the price to move, so adjust this carefully.
- **Approve & Swap:** For new tokens, you must first "Approve" the contract to spend it, then execute the "Swap" transaction.
2. Perpetual Contracts (Perps)
- **Funding Wallet:** Move collateral (USDC/USDT) from your spot wallet to the Perpetual margin wallet.
- **Choose Leverage:** Select your leverage (e.g., 5x, 10x). Higher leverage means higher risk of **Liquidation**.
- **Open Position:** Choose **Long** (betting price goes up) or **Short** (betting price goes down) and set your order type (Market or Limit).
- **Monitor Risk:** Always check your **Liquidation Price** and manage your **Margin Ratio** to avoid sudden losses.
3. Decentralized Lending Unit
- **Lending (Earning):** Deposit idle assets (e.g., USDC, ETH) into a pool. You immediately start earning a variable APY from borrowers.
- **Borrowing (Utilizing):** Deposit collateral first, then you can borrow supported assets up to a specific **Loan-to-Value (LTV)** ratio.
- **Health Factor:** This metric tracks your loan's safety. If it drops too low (typically below 1), your collateral may be **Liquidated**.
- **Withdrawal:** You can withdraw your lent assets (plus earned interest) anytime, provided there is sufficient liquidity in the pool.
Essential: Risk Management and Security
Decentralized trading involves risk, and proper management is crucial, especially when using leverage. Always start with small amounts you are willing to lose.
Smart Contract Security
Hyperswap has undergone multiple third-party audits. However, no smart contract is 100% immune to risk. Only interact with the official, verified exchange URL. Double-check the transaction details in your wallet before signing.
Liquidation Risk Mitigation
For Perpetual and Lending units, avoid maxing out your collateral. Maintain a high **Margin Ratio** (Perps) or **Health Factor** (Lending) by adding extra collateral when market conditions become volatile. Set Stop-Loss orders on perpetual trades.
Conclusion: Start Your DeFi Journey
Hyperswap offers a powerful, all-in-one platform for navigating multi-chain DeFi. By mastering the basic functions of Spot, Perps, and Lending, you can confidently execute trades, earn passive income, and manage risk like a seasoned professional. Remember to always prioritize learning and security as you explore decentralized finance.
Trade Smarter. Trade Multi-Chain. Trade Hyperswap.