Trading

Depositing Collateral:

• Currently, Cultured V1 supports pUSD as collateral for traders, pUSD is a synethix dollar on Plume Network, users can buy pUSD directly on (website link)

• On the swaps tab, traders can swap ETH/WBTC for pUSD

Opening Position:

• Click "Long" if you believe the index price will go up. 📈

• Click "Short" if you think the index price will go down. 📉

After choosing your side, simply enter the amount you want to trade and set your desired leverage.

Closing Position:

Closing your position by just hitting the "Close" button in the position row. You can choose to close part of it or the whole position. Any pending profits or losses will be realized based on how much of the position you close.

All positions are settled in pUSD.

Liquidations:

If the loss amount is close to the collateral value of a position, then liquidation may occur. Traders are recommmended to either close the positions prior to liquidation or adding more collateral to the account prior to the liquidation price. The price used to caulcate liquidate will fluctuate due to borrowing and funding fees.

When a position is liquidated, any collateral remaining after deducting losses and fees would be returned to your account.

Fees:

• Open/Close fees

• Swap fees

• Price Impact

• Funding fees

• Borrowing Fees