How to use MyTrade V2
MyTrade V2 is currently available on Polygon and Moonbeam. Below is a guide to getting started on MyTrade V2. We have more detailed guides in the subcategories.
Last updated
MyTrade V2 is currently available on Polygon and Moonbeam. Below is a guide to getting started on MyTrade V2. We have more detailed guides in the subcategories.
Last updated
You must first configure Polygon on your wallet before using MyTrade V2. Here are the steps for Metamask.
To add Polygon’s Mainnet, click on the Network selection dropdown and then click on Custom RPC.
It will open up a form with 2 tabs on the top, Settings and Info.
In the Settings tab you can add:
Network Name: Polygon POS (MATIC) Mainnet
New RPC URL: https://polygon-rpc.com/
Chain ID: 137
Currency Symbol: MATIC
Block Explorer URL: https://polygonscan.com/
Once you’ve added the information click on Save. You will be directly switched to Polygon’s Mainnet now in the network dropdown list. You can now close the dialog.
Visit https://mytrade.org/. In the top right corner you will see a "Connect to a wallet" button. Click on it, and click Metamask to connect your wallet.
You must first configure Polygon on your wallet before using MyTrade V2. Here are the steps for Metamask.
To add Polygon’s Mainnet, click on the Network selection dropdown and then click on Custom RPC.
It will open up a form with 2 tabs on the top, Settings and Info.
In the Settings tab you can add:
Network Name: Moonbeam
New RPC URL: https://rpc.api.moonbeam.network
Chain ID: 1284
Currency Symbol: GLMR
Block Explorer URL: https://moonscan.io/
Once you’ve added the information click on Save. You will be directly switched to Moonbeam's Mainnet now in the network dropdown list. You can now close the dialog.
Visit https://mytrade.org/. In the top right corner you will see a "Connect to a wallet" button. Click on it, and click Metamask to connect your wallet.
Make sure that your Metamask is on Ethereum Mainnet.
Visit the official Polygon Bridge: https://wallet.matic.network/bridge
View their tutorial videos and bridge your assets from Ethereum to Polygon!
Traders can place either Market orders or Limit orders. When you are trading, first check where the Liquidity Source is coming from. In the beginning, trades of many MyTrade V2 pairs will be routed to Quickswap. Only Market Orders will be available for these pairs.
For select pairs, the liquidity source will come from MyTrade. Limit orders can be placed on the Order Book, awaiting another trader to fulfill it. Both Market and Limit orders will be filled at the best possible price from either the Liquidity Pool or from the Order Book.
Liquidity Providers can add 2 tokens at a pre-determined ratio to a liquidity pool. Providing liquidity will net you MyTrade LP Tokens. You can use these LP Tokens to participate in liquidity mining!
Currently MATIC/USDC and MYT/USDC is available for Liquidity Mining. Other Mining incentives will be added later.
Liquidity Mining: Liquidity Providers can add liquidity to selected AMM pools to earn MYT. Be sure to lock your LP token to start actually Liquidity Mining.
Trade Mining: Takers can earn MYT by successfully executing MARKET trades on selected pairs.
Limit Order Mining: You can earn MYT by placing orders on the Order Book within the valid spread on selected pairs. There is a slight delay in displaying your MYT reward as it calculates, so your rewards won’t be available to claim in real time.
You will be able to see your earned mining rewards in the Mining page.
Detailed Guides for each Mining below.
