Vertex Protocol
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Collateral & Dashboard
To do anything on Vertex, you'll need to deposit collateral into your account. Collateral can be managed on the Dashboard page.
The Dashboard is your friend. It presents an entire account overview and shows open positions.
In this section we'll cover:
- Managing collateral
- Navigating the dashboard & its information
- Open positions
🛡️ Collateral
Vertex is a decentralized, cross-margin trading platform that allows users to take on leveraged long and short positions. Traders are required to deposit collateral and maintain a maintenance margin or risk getting liquidated.
-> Depositing Collateral
- Click the (⬇ Deposit) button on the right-hand side of the dashboard
- Enter the amount of UST you'd like to deposit as collateral
- Press 'Deposit Collateral' and sign the transaction in Terra Station
❗Do not deposit all your UST as collateral.
You need a small amount of leftover/free UST in your wallet to pay for testnet gas fees, or else the transactions will fail.
-> Withdrawing Free Collateral
- Click the (⬆ withdraw) button on the right-hand side of the dashboard
- Enter the amount of UST collateral you'd like to withdraw
- Press 'Withdraw Collateral' and sign the transaction in Terra Station
🚧 Risk: depositing and withdrawing collateral impacts your account's margin. If you withdraw a significant amount of collateral while having open positions you're more at risk of getting liquidated.
🏠 Navigating the Dashboard
The dashboard has everything you need to know about your margin account. Below you'll find what it all means.
Dashboard Wiki
- Account Value:
- Deposited assets + PnL - If you were to close all positions right now, this is what you'd be able to withdraw (minus tx fees/costs).
- Account Leverage:
- Total value of your positions/Account Value - Leverage lets users buy, sell or provide liquidity greater than their holdings, backed by the value of their assets.
- Margin Usage:
- Measures how much of your total available assets you are consuming as Margin against your positions.
- Unrealized PnL:
- The sum of your current profit or loss on all open positions.
- Buying Power:
- Free collateral/Initial margin - The value, in UST, you can assume in additional trade / LP positions.
- Total Collateral:
- The sum of all currently deposited collateral (used and available)
- Free Collateral:
- The amount of collateral available to trade and provide liquidity
🧑💻 Positions
Under your account information, you'll find two containers: Trades & Pools. This will provide you with an overview of your current positions.
Trades
If you have no open trades -> press (Trade Now) to start
If you have open trades -> it will show:
- The market i.e EUT-UST PERP
- The side you're on i.e LONG or SHORT
- The size of your order i.e. amount of EUT
- The value of your position in $UST
- Current unrealized profit or loss
Pools
If you have no LP positions -> press (Provide Now)
If you have an open LP position -> it will show:
- The market you're providing LP
- Your position in LP tokens
- The value of your position in $UST
- Current unrealized profit or loss
Last modified 3mo ago
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