👩‍🌾 1000x Leverage Trading

Degen Base is a leading decentralized finance (DeFi) platform that provides users with advanced derivatives trading capabilities for both cryptocurrencies and forex markets. This documentation provides an overview of the features and functionalities of Degen Base' derivatives trading, empowering users to make informed trading decisions and access a wide range of trading opportunities.

1. Crypto Currency Derivatives: Dene Base enables users to trade derivatives on popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and other major digital assets. Users can take long or short positions, speculate on price movements, and manage risk with leverage, allowing for potential higher returns or downside protection.

2. Long and Short Positions: Users can open both long and short positions on Degen Base. A long position is taken when a trader expects the price of an asset to increase, while a short position is taken when a trader anticipates a price decrease. Degen Base Markets allows traders to profit from both bullish and bearish market conditions.

3. 4.Leverage Trading: Degen Base Markets offers leverage trading, allowing users to magnify their trading positions with borrowed funds. Leverage amplifies potential profits but also increases risk. Traders should exercise caution and understand the risks associated with leverage trading before engaging in such activities.

Positions

Degens can open positions with leverage of up to 1000x on LONG or SHORTs on a trading pair. Users can also open or close a position to take profits or prevent loss on their positions. The following market pair can be traded

• ETH/USD

• BTC/USD

• SOL/USD

• ARB/USD

• BNB/USD

• AVAX/USD

• XRP/USD

• LINK/USD

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