Trading
This guide covers the process of initiating and concluding trades through the Krav interface.
To open and close trades on Krav you will need:
A Web3 wallet, like Metamask, connected to Krav.
ETH for Base network to pay gas fees
ERC20 Tokens in your wallet. These tokens serve as collateral, essentially the value you're putting up when opening a trade.
Interface Overview
This guide will take you through various segments of the trading user interface.
Dashboards:
The above dashboards display market related data on BTC - the underlying asset to speculate on, and the Collateral token. Keep in mind Liquidations are never based on the collateral token's value! The collateral dashboard is solely in place so users may view market related data to their collateral currencies.
User Modes:
KRAV provides three user modes for different demographics of traders, for new users we recommend using Basic mode:
Basic: 2-50x leverage for new users, with an easier to read BTC price chart, and less risk of liquidations
Pro: 2-100x leverage for more experienced users, with BTC price chart with candles, and a trading interfaces that display open interest and more detailed trade related data
Degen: 50-200x leverage for the degenerate advanced traders out there, with the same interfaces as PRO.
Connecting Wallet
Go to our platform.
Click "Connect Wallet" in the top right. You might need to refresh the page for the website to detect your wallet, if it wasn't unlocked yet.
If this is your first trade, you'll need to approve the contract to use the ERC20 token you want. Simply click "Approve" and submit the transaction to BASE chain - now your all set to trade.
Making Trades
Steps To Making a Trade
Choose Trade Type (Long or Short):
Decide whether you want to take a long (betting the price will go up) or short (betting the price will go down) position on BTC.
Select Collateral (Pay):
From the dropdown option, select which token, and how much of the token you use as collateral. This amount represents your initial investment and is the maximum amount at risk if the trade is liquidated.
Set Leverage:
Choose a leverage multiplier for your trade. Leverage amplifies your exposure based on your collateral. Ex: 1 KRAV collateral * 200 leverage = 200 KRAV token net exposure. Keep in mind higher leverage increases the risk of liquidation.
Specify Max Slippage:
Set a maximum slippage percentage to protect your order. This will cancel your market order if the price moves significantly in your trade's direction before it opens.
Example: If you are going long and the price jumps 1% before your trade executes, the order will be automatically canceled.
These steps ensure that you are prepared and protected when making a trade. Always consider the risks associated with leverage and market volatility.
Upon providing the information above, the trade button will turn either green (for longs), or red (for shorts)
You can then click on the long or short button to execute the trade. Following the click, a final popup display will show details regarding the trade. Keep in mind Entry Price as Price impact may impact the entry price of the trade from market price. Also keep in mind liquidation price for potential risk of liquidation.
After the transaction is submitted a popup will display in your metamask, and KRAV will likewise display a popup that KRAV is waiting for the transaction to be signed on Metamask:
Once the transaction is signed a following popup will show that the trade is in the process of being confirmed
Upon Reaching a two block confirmation, a following popup will show that the trade has been successfully executed and confirmed
Viewing the details of an Open Trade
Now your trade is open, you can view its details by clicking on it under positions, directly under the BTC price chart. You can also see the liquidation price marked in blue on the chart.
Closing a trade
I. Click on the X to the right hand side of your trade in Your Open Trades
II. Await Trade Closure Confirmation. Following the closing of the trade, your collateral impacted by PnL will be returned to your wallet.
Past Trades and Liquidations
In order to view your past trades, simply click on the "trades" tab
Note: in the case of liquidations, trades will automatically be closed and liquidated, you may view your liquidations in the Trades tab.
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