Perpetual DEX platforms like Phoenix Trade on Solana enable traders to speculate on asset prices with leverage (e.g., 25x) using isolated margin, where traders can profit in both bullish and bearish markets by setting take-profit and stop-loss orders; early-stage platforms often lack point systems but may retroactively reward early users, making them attractive for airdrop opportunities.
Deep Dive
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Deep Dive
Phoenix Trade Airdrop On Solana - Private Beta Invite Code BelowAdded:
Hi there. Welcome to another educational video documenting my web 3 expedition.
This video is about a per deck of interest. This per deck is on Solana.
Many don't know about it. It doesn't have a point system yet, but it's possible that they institute it in the future. It's well backed on Solana. I would show you some evidence of that.
Hardly talked about at the moment, so you can start early. It's also very cheap to trade pers on this platform very fast. I'm just getting started myself. Uh in the event that they introduce a point system later on, you'll be early. They would likely uh retroactively drop you points based on your early history. And I like such opportunities. That's why I'm going to be trading uh per actively using Phoenix. So my deposit uh it will happen in this video. You simply fund your Solana wallet. By the way, if you don't want to connect with your Solano wallet directly, you can sign up with an email and then a wallet will be instituted for you that you can export. I'm using my Solana wallet. Deposit USDC onto your Solana wallet. Then from your Solana wallet to the DEX that will simplify the process of trading.
Okay. So quite instantaneous and these are the assets available.
Interestingly they've already incorporated commodities. Many perp dexes they end up introducing commodities way later on. I do like commodities such as gold. You can trade for 25x uh you know it's quite a I mean generally I don't see gold like I see anyway that's aside. Now this is isolated margin only. So I would assume you know about per dexis. This video is not going to really interate you on trading on per dexis. uh the lower you should have some knowledge you are trading the market direction you know you can profit whether in a bare or bullish market um what other thing I mean lower leverage reduces your risk among other things of course there is take profit stop-loss you can also limit and market trade so uh let's see let me just experiment with gold 25x X leverage uh isolated and cross margin. I would explain that in another video.
So let's just uh start by entering your collateral. No no it's better that I you know learn about this interface more I mean before I embark on this. So I'd rather for this video go for BTC or ETH.
Okay. So let's just go bullish on this one. and I tend to go bullish which is not very optimal with per dexis.
uh so doing so I'm basically taking a leverage of 17x you know so this gives you the ability of uh earning profitably even with small margin because you can take a leverage same thing applies to your loss so take note of that so I just want to show you how simple it is to place an order for a very simple tutorial I'll also be I may not stay in the market I may so let's just do that and end the video uh bottom line. This is an early stage opportunity before I set that trade up. This is their handle on uh X and you will see you know the number of projects following them you know so that's your like basic due diligence effort Dflow let's look for Solana switchboard marinade these are the f these are associate okay that's Meteora Soulflare Moon Pay Solana so They do have strong backing. In another video, I'm going to dive in deeper looking at the documentation. They're backing for real.
Uh, and it's currently in private beta.
I forgot to say needs an invite, by the way. So, your invite will be in the description. Does need an invite to be able to join. Telling you also how early it is private beta. So, it's also explainable there why there may not be a point system as of yet. It's putting you in the early, you know, the OG category when it comes to use. So, I'll be doing the basics and you can as well. So, if I were to place this for limit, meaning that you are setting a a price of your own and you know, even if you're offline, it kicks in. So, generally, personally, I would put mid so that it's near the where a trade can take place. But for this video, I'll just do market place order network fee is sponsored the taker fee so there's not even mention of maker fee so I would assume maker fee is free you know but there is a taker fee referring to when you close the trade of 0315 which is not very high if you to compare it to like hyperlquid so you have the opportunity of trading you know with the with a measure of freedom compared to highly priced uh per dexes. So place order.
Okay. So considering we've deposited on here then trades you don't need to sign again. So very quickly 25 is I mean this I went long and the market is going down. I can leave the trade open. It's possible that it reverses. I can also set my takeprofit and stop loss assuming I don't want to sit down here. So, you know, I can take profit at market value, put the gain that will trigger a takerit and a stop loss, maybe 10% or so, or trade manually. It's now back in a positive state. If I decide to close it here, I'll be taking a measure of profit. So, that's about it. Uh, that's about it. Uh again, it needs an invite. You will have the invite available to you in the description. In the description, there will be a bunch of other airdrop opportunities. Check them out. And don't forget the app. I'll be adding uh Phoenix as an airdrop prospect. We all know airdrops are not promised. So, I just feature prospects altogether. I like projects that are productive in themselves that I typically use for my trading needs where airdrops become a bonus. Okay, so this is a full-fledged app. If you're just starting out with airdrops, you can have a series of activities to undertake here. Uh it's basically an execution layer for airdrops. Then there's the airdrop portal. I'll be adding Phoenix here.
It's not added yet as a prospect. And there are some other airdrops here. I'm filling this up gradually. I just I'm I'm still building this so I still need to fill it up with information. It also has a feed in case you want to share your airdrop expeditions on the feed.
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