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Opening Trades

Opening trades on Domination Finance is entirely non-custodial, and very customizable. Traders can adjust multiple trade settings to achieve desired trade settings.

  • Pair: Select a supported dominance market from the UI. Domination Finance currently supports Bitcoin Dominance (BTCDOM), Ethereum Dominance (ETHDOM), Tether Dominance (USDTDOM), Binance Dominance (BNBDOM), and Solana Dominance (SOLDOM).

  • Direction: Decide whether to take a long position (expecting the value to increase) or short position (expecting the value to decrease).

  • Order Type: Elect between a market order or limit order. Market orders execute immediately at the current index price. Limit orders execute at the set predetermined index price.

  • Collateral: Input how much USDC will be committed to back the position.

  • Leverage: Adjust the leverage from 1x up to 250x, depending on the dominance market.

  • Size: Size is the notional value of the position. This is calculated by multiplying the position’s collateral by the position's leverage.

  • Take Profit / Stop Loss: Take Profit and Stop Loss targets can be set at open to automatically close the trade once the position reaches either the predetermined index price OR the position reaches the predetermined PnL%. Please note that Take Profit is capped at 900%.

  • Liquidation Price: The position’s liquidation price will be displayed based on the entry price and leverage settings. This is the price at which the position will be forcibly closed due to insufficient collateral remaining to back the position.

  • Funding Rate: The current rate for the selected dominance market is displayed along the header. Depending on the direction decided, traders will either pay or receive funding. The funding rate exists to incentivize traders to balance the open interest (OI) skew.

  • Opening Fee: An opening fee is deducted from the USDC collateral before the trade is opened. The fee will depend on if the position is determined to be a maker or a taker.

Maker fees are charged if the position’s leverage is equal to or less than 20x AND OI skew reduces with the trade.

Taker fees are charged if the position’s leverage is greater than 20x OR OI skew increases with the trade.

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