The dYdX v4 testnet provides a glimpse into the future of decentralized trading on the dYdX platform. It offers core trading flows, including order placement and cancellation, as well as performance testing. The testnet also enables exploration of core user flows such as deposits/withdrawals and governance participation. Feedback is encouraged to improve the platform. The testnet serves as a stepping stone towards the mainnet launch, where new features and enhancements will be introduced. Join the dYdX v4 testnet to explore its features and contribute to the evolution of decentralized trading on the platform.This guide presents a step-by-step walkthrough of the testnet, let's delve into it!

Here’s what to do;

1. Visit https://v4.testnet.dydx.exchange/#/trade/ETH-USD and connect wallet on the Goerli Test Network. Accept the terms and sign in the wallet.

2. Deposit Test Tokens:

Begin by depositing test tokens to actively participate in the testnet. Click on "Deposit Funds" to receive test tokens.

3. Save the Seed Phrase:

Ensure the security of the wallet by securely saving the seed phrase. The seed phrase acts as a backup and allows for wallet restoration. Click on the address at the top right and select "Export Seed Phrase". Save the wallet address too, this will be necessary when providing feedback.

4. Open the "Portfolio" tab to confirm that test tokens have been received.

5. Now return to the "Trade" tab and open positions for available pairs with the available order types.

Limit Order:

Select the token pair and set the order type as "Limit". Choose the trade direction and input a price to open the position. Input the amount (in ETH or USD) and click "Place Limit Order".

Market Order:

Select the "Market" order type, select the trade direction, and enter the desired amount to execute market orders. Initiate the trade by clicking "Place Market Order" to swiftly enter the market.

Stop Order:

This order type is not yet available for testing on the platform.

6. Close Positions:

To close a position, locate the "Close Position" option and enter the position size to be closed. Efficiently manage your trades by utilizing this feature.

7. Order Cancellation:

To cancel an order, navigate to the "Orders" section, where unfilled orders are displayed. Select the specific order to cancel and choose "Cancel" to remove the order.

Maximize trading opportunities on the dYdX v4 public testnet by opening buy and sell orders across a variety of available trading pairs. Explore different strategies and take advantage of the order types provided.

8. View Trading History:

Access the "Portfolio" tab and review the "History" section to evaluate trading performance. Gain valuable insights into past trades and analyze trading activities.

9. Provide Feedback:

Feedback plays a vital role in shaping the future of dYdX v4. Share thoughts, suggestions, and encountered issues by using the designated Google form.

Join dYdX’s Discord server and send feedback in the #v4-public-testnet feedback channel on Discord.

Make sure to submit the Cosmos address gotten from the website.

Conclusion:

Embark on an exciting journey through the dYdX v4 public testnet, witnessing the upcoming features of this remarkable DEX. By depositing test tokens, securely saving the seed phrase, and utilizing functionalities like market orders, position closures, and order cancellations, you actively contribute to the development of dYdX v4.

Stay updated with the latest news and developments from AirdropHeroes by following the channels on our Link3 page. Happy testing!