> For the complete documentation index, see [llms.txt](https://docs.nectarliquid.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.nectarliquid.com/trading/trading-overview.md). # Trading overview Nectar Liquid is a decentralized exchange that lets you trade without a username or password. The platform uses oracle based pricing sourced from aggregated exchange data which reduces the risk of liquidations from temporary wicks. Nectar Liquid uses linear and stablecoin based PnL with flexible collateral so your overall exposure remains straightforward and easy to track. #### Adding a Wallet If you do not have a wallet yet, you can use any EVM compatible wallet such as MetaMask or Rabby. #### Connecting and Funding Your Wallet After you have a wallet, connect it by pressing the Connect wallet button on the Trade page. To fund your wallet with the required gas tokens, the configuration depends entirely on the active environment you choose to trade in. * Mainnet Production Environment * You must acquire native Asset Chain tokens through official mainnet on ramps or supported centralized exchanges. * You can bridge real assets from external networks to fund your live positions. * Beta Testnet Environment * Since Nectar Liquid runs a fully functional test network, you can utilize the official testnet faucet to acquire test gas tokens and testnet collateral. * This allows you to test trading strategies and platform mechanics immediately without financial risk. #### Asset Chain Access and Bridging Nectar Liquid operates exclusively on Asset Chain to take advantage of sub second finality and near zero gas fees. While the markets are native to Asset Chain, you can easily bridge assets from other networks to fund your trading account across both the mainnet and testnet. Users can bridge standard assets like USDC, USDT, and WETH from chains like Ethereum or Binance Smart Chain directly to Asset Chain. Once the funds arrive in your wallet on Asset Chain, you can trade directly against the Nectarliquid pools with no additional setup required. Always ensure that you use the testnet bridge when trading on the testnet application and the mainnet bridge when trading with real assets. #### Market Categories Nectar Liquid supports a diverse range of perpetual markets directly on Asset Chain, bridging traditional crypto volatility with localized assets. * Crypto Markets: Trade major digital assets like WBTC and WETH against USD stablecoins with up to 50x leverage. * Localized Markets: Trade regional fiat pegged assets like the CNGN/USD pair. This market blends real world utility with decentralized finance and allows traders to speculate or hedge on local currency movements. #### Trading Hours Crypto markets are tradeable 24 hours a day and 7 days a week. However, localized markets like CNGN/USD may follow specific liquidity schedules to align with regional banking or forex settlement times. Risk parameters shift between on hours and off hours configurations based on the liquidity profile of the specific asset. #### Off Hours Behavior During off hours for localized or specialized markets, the following parameters are adjusted to account for reduced market liquidity. * Max leverage is reduced * Open interest caps are reduced * Price impact is higher #### Max Leverage by Market The maximum leverage parameters are identical across both mainnet and testnet deployments but change dynamically based on trading hours. | **Market** | **On hours max leverage** | **Off hours max leverage** | | ---------- | ------------------------- | -------------------------- | | WBTC/USD | 50x | 50x | | WETH/USD | 50x | 50x | | CNGN/USD | 50x | 20x | Trading remains fully available during off hours but with tighter risk limits. Existing positions remain open when off hours begin. However, the liquidation threshold tightens so positions with high leverage are at increased risk of liquidation during off hours. Traders cannot increase a position above the off hours max leverage shown in the table above. When on hours resume, the thresholds relax back to normal. #### Fees Markets use different position fees based on their underlying asset class and volatility. Rates are shown as positive impact and negative impact. | **Market** | **On hours fees** | **Off hours fees** | | ---------- | ----------------- | ------------------ | | WBTC/USD | 0.01% / 0.02% | 0.04% / 0.06% | | WETH/USD | 0.01% / 0.02% | 0.04% / 0.06% | | CNGN/USD | 0.02% / 0.04% | 0.04% / 0.08% | #### Trading Execution Modes Nectar Liquid provides different modes to suit trader preferences. The native speed of Asset Chain ensures rapid execution across all modes. * Classic Trading: This requires an on chain wallet signing popup for each trade using your own wallet RPC. Gas is paid in the native Asset Chain token of the connected network environment. * One Click Trading: This utilizes off chain auto signed transactions with a locally stored sub account key. It requires no manual confirmations per trade and provides a centralized exchange experience while retaining self custody. #### Enabling One Click Trading One Click Trading can be enabled through the settings menu in the top right of the interface. Enabling this feature lets you trade instantly without a wallet signing popup for each trade. #### Safety Features Funds from decreasing positions, closing positions, or swaps can only be sent back to your connected wallet. Trades executed without signing popups are limited by the maximum number you authorize. For instance, if you authorize 10 actions, a wallet signing popup appears after 10 trades to re authorize further trading actions. #### Risks The One Click Trading feature uses a sub account key stored locally in your browser. If your browser is compromised, the key could potentially leak and allow trades to be executed. The previously authorized trade limit acts as a safeguard. Even if compromised, a malicious actor can only execute trades up to the authorized limit. Furthermore, while funding fees and price impact incentivize balanced long and short open interest, positions may not always be perfectly balanced. Users must manage their risk accordingly. #### RPC URLs Nectar Liquid uses different RPC URLs for querying data and submitting transactions. These paths are separated by network type to guarantee isolated performance. * Reading RPCs * Mainnet: Automatically handled by the live platform interface using optimized production nodes. * Testnet: Routed through designated testnet nodes to load mock data streams smoothly. * Writing RPCs * These are set directly by your wallet companion app depending on whether your wallet is toggled to Asset Chain Mainnet or Asset Chain Testnet. If you experience issues while trading, verify that your wallet is connected to the official Asset Chain RPC URL matching your target deployment. You can manually update or select another Asset Chain RPC URL via your wallet settings if necessary. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. 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