12 Tweets 4 reads Jul 17, 2023
A Comprehensive Guide on how to Navigate the DYDX Public Testnet!
Remember their previous Airdrop was worth over $10k
They've launched a new testnet, hinting at another Potential Airdrop.πŸ”₯
Cost: $0
A 🧡
1/ This is where our journey begins.
First You need your MetaMask Wallet
STEP 1: Head over to v4.testnet.dydx.exchange
STEP 2: Click on 'Connect Wallet', then choose MetaMask and sign the transaction.
2/ πŸ‘‰ Ensure you are on the Goerli Testnet Network.
You will be prompted to Create a Cosmos wallet and sign a transaction to confirm.
Once you sign the transaction, you will have your sub Cosmos wallet created.
3/ STEP 3: Time to deposit. Click 'Deposit funds'. The balance should be deposited in a few seconds.
STEP 4: Secure your secret phrase. In the address bar, select 'Export secret phrase' from the dropdown. Reveal and view the secret phrase. Remember to save it securely!
4/ STEP 5: Now it's time to trade! There are TWO markets available at the moment, BTC Market and the ETH Market, so make sure to use them both.
Remember this testnet is a Leverage (Futures) Trading testnet.
Place limit orders, market orders and more.
Let's Trade
5/ First i choosed the ETH perpetual market, Then you can see i have a Buying power of $2000.
upon creation of your cosmos wallet, you will be credited with some amount to test run the Dex.
6/ Next is to open a long position using the market Price at the moment.
Put the amount of Eth you want to long (Buy), The Leverage will come up automatically.
Preview the trade and confirm the transaction as seen in the pictures below
7/ Once the trade is confirmed then you are Good to go to the BTC USD perpetual market. Repeat the same process and confirm your leverage trade.
You can also close the trades to complete all transactions testing on the platform

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