💡Trading

AXION is a decentralized exchange allowing trading without the need for a username or password. The platform uses a price feed based on an aggregate of exchanges, which reduces the risk of liquidations from temporary wicks.

📌 Selecting

On the Trade page.

🔐 Adding & Connecting a Wallet

If you don't have a wallet:

You can use WalletConnect.

To connect your wallet:

  1. Press the "Connect Wallet" button on the Trade page.

  2. If you see the message: "Your wallet is not connected to Taiko", click on "Add Taiko".

  3. Alternatively, add the networks manually:

🌐 RPC URLs

Since AXION is decentralized, all data queries and transaction submissions are done through an RPC URL.

<a href="https://rpc.mainnet.taiko.xyz" target="_blank">https://rpc.mainnet.taiko.xyz</a>

🚀 Getting Started: Sending Tokens

To begin trading:

  • On Taiko: You need ETH in your wallet

Options:

  • Buy ETH/TAIKO directly via the Buy page

  • Transfer from another network using the Transfer ETH/TAIKO section

🔁 Swaps

AXION supports:

  • Swaps – Click on the Swap tab on the Trade page.

  • Leverage trading – See below for more details.

📈 Opening a Leverage Position

  1. Click "Long" or "Short" on the Trade page.

  2. Enter:

    • The amount

    • The leverage

  3. The Exit Price will be shown below, representing the mark price used to calculate PnL if closed immediately.

Long Position

  • Profit if the token price goes up

  • Loss if the token price goes down

Short Position

  • Profit if the token price goes down

  • Loss if the token price goes up

💰 Trading Fees

  • Opening/closing: 0.1% of position size

  • Borrow Fee: Deducted hourly

    Fee/hour = (assets borrowed / total pool assets) * 0.01%

Borrow fees are visible below the swap box.

⚠️ Slippage & Settings

Slippage may occur due to price movement between transaction submission and blockchain confirmation.

  • Customize slippage in Settings (click the "..." at top-right)

🧾 Managing Positions

All open positions are listed under Positions.

Use Edit to:

  • Deposit or withdraw collateral

  • Adjust leverage & liquidation price

Collateral is locked in at the USD value at deposit time.

💹 Example PnL Calculation

  • Long ETH, $10,000 position:

    • If ETH rises 10% → $1,000 profit

    • If ETH drops 10% → $1,000 loss

  • Short ETH, $10,000 position:

    • If ETH drops 10% → $1,000 profit

    • If ETH rises 10% → $1,000 loss

🧮 Leverage Display

By default:

Leverage = position size / collateral

To display:

(position size + PnL) / collateral

→ Change in Settings

🔄 Deposit Fees

  • Long positions: 0.3% fee on collateral deposits (e.g., ETH → USD conversion)

  • Shorts: No deposit fee

  • Withdrawals: No fee

✅ Closing a Position

Click "Close" on the position row.

Payouts:

  • Longs: Profit paid in the longed asset (e.g., ETH)

  • Shorts: Paid in the stablecoin used (e.g., USDC, USDT)

You may change the "Receive" token at closing (swap fees may apply).

🎯 Stop-Loss / Take-Profit

  1. Click "Close" → "Trigger"

  2. Orders appear under Orders tab

  3. Orders stay active unless manually cancelled

Notes:

  • Trigger orders are market orders

  • Execution not guaranteed if:

    • Mark price didn't reach trigger

    • Order size > position size

    • No keeper picked it up

⚠️ Liquidations

Liquidation Price = point where:

(collateral - loss - borrow fee) < 1% of position size

Monitoring Tips:

  • Higher leverage increases risk

  • Borrow fees increase over time

  • Use Edit to add collateral and lower liquidation risk

📊 Pricing Mechanism

  • No price impact on trades

  • Prices shown are mark prices (aggregate reference exchanges)

Longs: Enter at higher, exit at lower priceShorts: Enter at lower, exit at higher price

💸 Fee Breakdown

Type
Fee

Open/Close

0.1% of position

Swap (if needed)

0.2% – 0.8%

Deposit (longs only)

0.0003 (ETH)

Network Fee

Variable (paid to blockchain)

🔌 Network Fees

Every action has two transactions:

  1. User request (e.g., open/close/edit)

  2. Keeper executes the request

The network fee covers this second transaction and is displayed as "Network Fee".

🪙 Stablecoin Depeg Handling

If a stablecoin depegs from $1:

  • Shorts: Collateral adjusted based on Pyth PriceFeed

  • Profit payout = max(1 USD, Pyth PriceFeed)

  • Prevents front-running and ensures solvency

Example:

  • USDC = $0.95

  • $1,000 → 950 USD collateral on open

  • On close, 950 USDC returned @ $1.00

Longs generally not affected, but check for warnings if using depegged stablecoins to swap for collateral.

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