Ever wanted to trade any asset on any chain up to 1000X leverage? On PRINT3R V2 you can do just that! In this article we’ll show you how to long or short with maximum leverage and manage your positions in a few clicks!
Trade anything anywhere up to 1000X on PRINT3R:
With the PRINT3R V2 upgrade, we’ve completely overhauled the trading experience, making it truly possible to trade anything anywhere on chain. What this means is now trading is chain agnostic, if you want to trade the latest Solana Memecoins on Base with leverage you can! If you want to trade Base memecoins on Mode you can! Lets see how…
What assets does PRINT3R support?
As you already know, PRINT3R supports markets for over 16,000 crypto assets - more than any other exchange or Perp DEX! The only things an asset needs to be tradable on PRINT3R is to have a custom market created for it, and liquidity provided.
To see how to make a custom market read the guide here!
To see how to supply liquidity read the guide here!
How to open a trade on PRINT3R:
To start trading tokens up to 1000X on PRINT3R you’ll need to visit the trading dashboard!
***Step 1:***Your first step is to select the asset you want to trade. Click the market dropdown at the top left hand corner of the screen to bring up the market menu.
Step 2: In the market menu you’ll see all of the available assets on PRINT3R, remember if there’s not a market for the asset you want to trade you can visit the create market dashboard and make one in a few clicks!
Step 3: Once you’ve selected an asset you’re ready to trade! For this tutorial we’re going to create a 1000X long on BTC. So I’d make sure the LONG tab was selected - if you wanted to short an asset you’d just have to click SHORT first!
Step 4: Next we’d enter the amount of ETH we want to provide as collateral and select the leverage. (If you are creating a LONG, you need to provide ETH, if you are shorting you would use USDC!)
Step 5: You could open the position right away, but if you wanted to you could also set a Stop Loss and Take Profit. These are orders that will trigger the position to automatically close if the asset hits your desired price. A stoploss can be used to protect your collateral and minimise losses while the take profit can be useful to close your position and automatically bank any profit made from your position!
The % feature allows you to close all or a portion of your entire position. So if you click 50% here only 50% of your position will be closed. The prices underneath are the prices you want these orders to trigger at.
Step 6: When you’re ready hit ‘Market Long’ (or Short) and bring up the confirmation for your position.
Step 7: Execute the position and your trade will open! - You’ll need to confirm this in your wallet!
Step 7: Within a few seconds the trade will have opened and as we set a takeprofit and stoploss we can just walk away from the trade with peace of mind!
Step 9: If you didn’t set a stoploss or takeprofit when you opened the position you can do so at any point when you click ‘Close’.
How to manage your open trades:
When you have a trade open it’ll appear in the active trades tab, from here you can actively manage your position. In this next part of the guide we’ll discuss adding collateral, removing collateral and closing a portion of your trade.
Adding Collateral
First up we’ll discuss adding collateral. This is a way to essentially buffer part of your trade, lower the leverage and make it safer.
Step 1: Click on Edit and then select ‘Deposit Collateral’
Step 2: This will bring up the add collateral pop up, as we’re adding collateral to a Long position we’ll need to supply additional ETH. So we’ll manually enter 10 ETH to this trade in the field.
You’ll notice as you populate the entry field here you’ll see a few stats changing:
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The collateral value - This is how much collateral will be assigned to your position.
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The Leverage - As you add more collateral you’re essentially buying back part of your borrowed position. So naturally the more collateral you add the lower your leverage will be.
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The Liquidation Price - Along with lowering the leverage, your liquidation level will also lower
Step 3: When you’re happy with the adjusted figures hit deposit!
Step 4: Now we can see the new position, the leverage has decreased and the liquidation level has moved!🎉
Removing Collateral
Next up we’ll discuss removing collateral. This is a way of retrieving some of the collateral you placed when opening the position. Note; Removing collateral will negatively impact your leverage and therefore liquidation level, making the trade riskier.
Step 1: Click on Edit and then select ‘Withdraw Collateral’
Step 2: This will bring up the withdraw collateral pop up, as we’re removing collateral from a Long position we’ll be withdrawing ETH tokens. Here we’ll manually enter 5 ETH to be removed from this trade.
You’ll notice as you populate the entry field here you’ll see a few stats changing:
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The collateral value - The collateral will decrease as you are removing it from the trade.
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The Leverage - As you remove collateral you’re essentially increasing the leverage.
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The Liquidation Price - Along with raising the leverage, your liquidation level will also move higher.
Step 3: When you’re happy with the adjusted figures hit withdraw!
Step 4: Now we can see the new position, the leverage has increased and the liquidation level has moved!🎉
❓ Trading FAQs
How are assets priced?
We take an aggregate of all available low-latency price sources on the web (name some of them for SEO juice), weight them against a reference price and by volume and return the most accurate estimate for the current market price. All prices have sub-second latency, enabling professional traders to capitalize on the smallest price movements.
How are new markets listed?
Unlike other exchanges PRINT3R is a 100% permissionless trading environment, meaning anyone can create a market for any token they want. Regardless of originating chain. This means you can trade any asset, anywhere providing someone has created a market and there is available liquidity.
What are the fees for trading?
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Maker Fees - 0.1% of the overall position size when you open a position. So for every $10,000 in trade size that would be $10.00 in fees.
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Taker Fees - 0.1% of the overall position size when you close a position. So for every $10,000 in trade size that would be $10.00 in fees to close.
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Price Impact - You will pay a small fee depending on how much of the liquidity pool you are attempting to use in a trade. For example if you opened a $10,000 trade on a pair that only had $10,000 in liquidity, you would pay a larger fee. You would pay a much smaller fee if you opened a $10,000 position in a market that had $10,000,000.00 in liquidity.
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Dynamic Funding & Borrowing Rates - These are the fees that are taken periodically every 8 hours your position is open. These change depending on how much liquidity is being used in each market. As the available liquidity is used up, these fees increase to protect LPs and to encourage that no individual parties are cornering all of the liquidity.
✅ Trade on PRINT3R Now!
If you read the guide above you can now call yourself a trading pro, start using PRINT3R and owning the markets by trading 1000X!
What is PRINT3R?
PRINT3R is aiming to trade the decentralized trading landscape. Powered by Chainlink, built on Base & Mode we’re the first truly permissionless leverage platform that enables users to trade anything, anywhere, on chain! We’re enabling anyone to trade thanks to our ease of use, engaging user interactions, and multiple faucets of sharing revenue with all of our users..
Trade liquid crypto assets, memecoins and soon NFTs up to 1000x leverage without the fuss of KYC or sign-up. Just connect your wallet, and you're in. Our platform guarantees no price impact on longs, shorts, and swaps, all at minimal fees.