With the recent roll out of the @MyMetaTrader private testnet round, a tutorial is in order I feel!

🔎In this tutorial I will explain to you how to use the MMT testnet, and also which features to test using the platform, and where to get faucet funds
➡️First we want to make sure we have added Arbitrum Goerli network to Metamask, here is where you can do so: chainlist.org/chain/421613

🔴After adding the network, we need to make sure we have Arbitrum gETH, there are two ways we can do this
1⃣Arbitrum bridge
🚰Faucet funds can be claimed here: faucet.triangleplatform.com/arbitrum/goerli

🌉Bridging may take longer, but you can get more gETH at once this way, so if you wish to do so, here is the link: bridge.arbitrum.io
🧪Moving onto the testnet, when we first arrive to the home interface after connecting our wallet we will need to claim USDC

Claim your USDC, now let's look at opening trades
➡️As you can see from the previous screen, there are the basic options for opening orders: market/limit and long/short

🟢If you are opening a market order, you need not concern yourself with the "price" window and you should keep slippage set at 1% ideally
🔴If you are opening a limit order, the "price" window will be where you want to buy your order at, whether that is a short or a long position

‼️You may or may not want to add TP/SL before opening an order, for the tutorial sake we will just pretend we have no TP/SL set yet
💰Now lets discuss leverage and collateral

Since there are no pairs, we only use USDC as the collateral to open our positions. So collateral is the size of your position. Minimum order size is 1500 USDC so if will need to use leverage if you want to use less collateral
🧮For example if you wish to open a long on BTC with only 250 USDC then you will need to use a minimum of 6x leverage. Leverage can be adjusted using the slider or manually inputting a number 1-150
🧑‍💼Now lets look at managing our open positions:

As you can see here we have a few columns. You can click on either "Liq/SL" or the "Take Profit" tab to open a popup display that allows you to set TP/SL manually
📲Clicking on anything else under any of the columns other than "Liq/SL" or "Take Profit" will open an alternative pop up window where you can share your position, test this feature out too!
🔄Switching to a different trading pair can be accomplished by clicking on the pairing at the top left of the chart, and selecting the desired pair

More pairs will be added later. For now, test the functionality with both pairs
🔐Now let's check out the vault. Let's deposit some USDC to get some mUSDC. After making your deposit, give it some time for the proper balance to display on the dApp. In the near future we will be able to test staking of mUSDC as well
🧪The testnet is meant to work out the kinks so do test out every feature with emphasis on the following:
-Leverage (make sure calculations are correct, especially liquidation mark)
-Net PNL (correctly calculated)
-Add to vault
🎙️After you finish, make sure to share those positions with us in discord, and twitter along with your feedback

🪲We need to work out any bugs so please do seek and report any you find, and happy testing #MMT fam!

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with hemperor.bnb | mTrader 🌐 ( 🟣, 🔴 )

hemperor.bnb | mTrader 🌐 ( 🟣, 🔴 ) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @jstcallmepapi

Feb 16
As we continue to approach the date of the @MyMetaTrader IDO, we have been continually inundated with BULLISH news

❓ Wen airdrop, wen CEX, wen use case, wen wen wen

🧵 In this mega thread I will address every single point of interest on #MMT

⏪ But first let us review; what is mTrader?

#MyMetaTrader is the first leverage DEX built with the aid of GPT-3 on the Arbitrum blockchain. MMT allows trading across diverse asset classes, maximizes your capital efficiency, and minimizes your risk exposure

💭Okay, but HOW? Image
1⃣ This brings me to my first point: risk is already minimized on the front end by removing centralized entities from the equation. There are a number of reasons that trading with a CEX is less secure:
-Vulnerable to hacking
-Fraud risk (see: FTX)
-Scam wicks Image
Read 33 tweets
Feb 16
Have you still not joined @MyMetaTrader community, anon? Why not...? Today I am going to review the project, and give you some reasons why you may want to get involved with #MyMetaTrader

So let's get into it. Let's talk about what MMT is first:
My MetaTrader is the FIRST DEX built using GPT-3 that is building on Arbitrum. Another unique feature of MMT is that it hosts VERY high leverage (up to 1000x for some asset class), and the ability to trade stocks/forex, and other asset classes beyond crypto
There is a plan for the ability to bid NFT floor prices up to 10x in the future as well.

Now, what is great about trading with leverage on MMT is that you are trading against a single pair since it utilizes a collateralized mDAI vault that absorbs the loss
Read 9 tweets
Feb 15
Today we are going to take a deeper dive into the engine that drives @MyMetaTrader

🔎We will examine the fine details of all the moving parts in MMT, and how it works. We will explain how we differ from other DEX's

🪂So without further delay, let's dive in
1⃣ The primary advantage being that with mTrader, you’re trading with just a singlular vault 💰 instead of multiple vaults like other oracles

🧮In addition to ease of access between diverse pairs, traders can also maximize their capital efficiency with up to 150x leverage
🔮Advantages from trading multiple assets:
-Diversify your portfolio
-Reduce your risk exposure in volatile market conditions

🤖Now what about the oracle, how does it work?

💡That is where our unique feature known as the "Price Feed Express" comes in!
Read 6 tweets
Feb 14
🚨ATTENTION @MyMetaTrader Community

🗞️The anticipated news regarding the testnet has finally arrived just moments ago. I will share the details in this thread, so let's get into it!
📅Wen wen wen

➡️First, the testnet will be conducted in phases where more, and more testers will be given access as the phases progress

1⃣The first phase is the private testnet which will begin on February 15th
2⃣The second is public which will begin on the 17th
🧪How can I get involved (how do I qualify?)

⭐️Discord OG role
⭐️Top 100 Crew3 on all time leaderboard
⭐️Become an ambassador of mTrader

Keep in mind that in testing-it is important to gather feedback, so you must be ready to share feedback.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!


0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy


3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!