Trading

Minoan Perpetual Exchange allows trading in a decentralized way, the lenders are decentralized the price feed is decentralized and you as the user remain anonymous.

Open Positions

Once you grab our test USDC from the faucet and both approve and deposit funds into our vault. You can open a trade by going to our invest page, selecting your stock from our available options. Then pick either short or long enter collateral you will put up, and leverage of which you would like to borrow. Finally hit trade and you are now a stock day trader.

Trade Component

Finding Your Trade

Once you have an active trade navigate to either the invest page of the active asset, or to your dashboard. Under active trades you should see your trade and information.

Adding/Removing Liquidity from Trade

Adding / Removing Collateral from Trade

Fees and Other Costs

Trading Fee

The cost to open a position on the exchange may vary from asset to asset, based on the Ariadne DAO's input, within a range set by the Theseus DAO.

For example if the fee is set to 1% (standard) the fee will be charged to your available vault balance of USDC, the 1% pertaining to the borrowed amount and the 1% fee will not be taken out of posted collateral for the position.

Interest Rates and fees

Interest rates are set again by the Ariadne DAO's and with caps set by Theseus. As well as interest periods (time period of which interest is charged). Interest is charged directly to traders posted collateral, and can be monitored via trade dashboard.

If a user adds / removes liquidity the interest rates going forward will reflect the new borrowed amount.

Funding rate

Funding rate is a debit or credit to a trade's collateral depending on trades position, size and relation to index vs market prices. Funding rate exists to incentivize the traders to match the index price in real world data. For more information on funding rates calculation and how it may affect positions check out our formula page.