Trado: One-Stop Trading Platform on Flow EVM

Trado is a platform built on Flow EVM specializing in trading and liquidity management.

It currently offers both spot and high-leverage derivatives perpetual trading.

What do I need to trade on Trado?

1. Go to their website at https://www.trado.one 

‍

2. Select Spot or Perp

3. Connect your Flow EVM wallet

3. Preparation of funds

Before trading on Trado, make sure you have $FLOW and either $USDC.e or $USDX on the FLOW EVM chain.

• $FLOW is needed for gas fees.
• $USDC.e or $USDX are used to exchange for $USDX (Exchange USD) for perpetual contract trading, purchasing liquidity, and staking

How to Trade Perp on Trado?

When trading perpetual contracts on Trado, you will have to use USDX (Trado Exchange USD) as margin instead of buying the digital tokens directly.

This simplifies the process and allows for more efficient trading.

1. Deposit

1.1 Deposit balance to Exchange Wallet: To do this, deposit stablecoins like $USDX or $USDC.e. from your Wallet to your Exchange Wallet.

‍

1.2 Enter the amount, click "Confirm" button: Once the deposit is completed, your funds are now deposited in the Exchange Wallet.

‍

‍

Important: Depositing $USDC.e. into your Exchange Wallet will automatically convert it to USDX (Trado Exchange USD). 

You can use these funds for contract trading and staking. Your assets are stored in Trado's smart contracts and can be withdrawn to your personal wallet.

2. Opening a Position

Trado Perp module supports two versions: 

• Pro Mode: which operates on an order book system
• Simple Mode: which uses an AMM model.

Users can switch modes in the top right corner of the Perp page.

This tutorial will take Simple Mode as an example.

2.1 Select Market

Click on the drop-down menu "Perp" in the top left corner to select the token you want to open a position for, decide whether to open or close a position.

‍

‍

2.2 Choose Trading Leverage

Click the multiplier number at the top right corner of the contract interface to select the leverage level.

You can choose the leverage by moving the slider, or you can enter the desired leverage value directly.

Then click the "Confirm" button.

‍

‍

Important: Higher leverage increases potential profits but also increases the risk of liquidation.

2.3 Choose Order Type: Market or Limit
Traders need to choose between limit or market orders:

• Limit orders allow you to set price limits for buying or selling assets
• Market orders execute immediately at the best price available 

‍

• Important: When placing a market order, you can adjust the slippage, which determines the maximum price deviation during execution. 
• The default slippage is set to 0.5%. To change it, click the Slippage Limit input box and enter your desired percentage.

3. Choose Trading Volume

Use the slider or enter your position size (Position size = Your USDX margin x Your leverage).

4. Place Order‍

Decide whether to go long if you expect the token price to rise, or go short if you think it will fall.
Click "Confirm" in the pop-up and then confirm the transaction in your wallet.

‍

‍

5. Closing a Position

To close your unclosed contract orders, go to "Current Positions" and click the "Close" button.

Confirm in the pop-up and in your wallet to finalize. Select "Close All" to close all unclosed orders.

‍

You can also close your position on the "CLOSE" page

‍

How to Provide Liquidity?

$TLP is the liquidity provider token for Trado Exchange.
Buying $TLP means providing liquidity, while selling it withdraws liquidity.

1. Purchasing $TLP

‍

1.1 Go to Earn tab
1.2 Click "Buy $TLP" on the right
1.3 Enter the USDX amount

1.4 After that you'll see the corresponding $TLP amount instantly.
1.5  After clicking "Buy", the system will prompt a wallet popup for agreement signature.
1.6 The user's payment request will be executed at the next epoch opening.
1.7 After execution, click "Claim" to receive the $TLP you purchased.

‍

2. Selling $TLP

‍

2.1 In the "Earn" section of the "Pool" interface
2.2 Click "Sell TLP."
2.3 Enter the amount of $TLP you want to sell, and you'll see the corresponding USDX balance.
2.4 Click "Sell," and a wallet popup will prompt for your signature.
2.5 Your payment request will be processed at the next epoch opening.
2.6 After execution, click "Claim" to receive the USDX from your $TLP sale.

Important: When users interact with $TLP, their assets do not directly interact with the liquidity pool but require waiting until the current epoch ends to truly complete the purchase or sale.

Risk Warning

Counterparty Risk: The $TLP pool acts as a counterparty to traders, meaning trader profits can impact its value.

Token Risk: Tokens moving across chains rely on the security of the cross-chain bridge, and fixed-value tokens may face disconnection risks.

‍

Referrals

Trado is also offering a referral program where you can  invite friends to Trado and earn rewards up to 15% commission rebate! 

Here’s how you can generate invitation codes and invite friends.

1. Click on the "Referrals" tab to access the referral interface or click here.

2. Click on "Choose another code" option and select "Create Code"

‍

3. Set your desired commission rebate percentage and add a label.

‍

4. Confirm creation after setting is completed.

5. Share your invitation code with friends to enjoy commission rebates together.

Binding Referral Code:

You can link a referral code during login or by selecting the "Bind" button on the right side of the page. Keep in mind that each account can only be linked to one referral code, and once it's set, it cannot be changed.

‍

The benefits tied to your referral code can upgrade or downgrade based on your number of active friends.

Source: https://docs-perp.trado.one/referrals 

Leaderboards

‍

‍

Trado provides a trading leaderboard, allowing users to view the trading rankings of various users on the platform. Users can choose to view trading leaderboard data for the past 24 hours, 7 day, 30 days, or 90 days as needed.

You can check the leaderboards here.

Source: https://docs-perp.trado.one/stats/leaderboard 

Data Overview

The platform’s Data Overview page enables users to view metrics including trading volume, fees, number of users, number of transactions, and TLP stats for numerous time periods.

‍

Analytics and Statistics

‍

As of this writing, there are 6 tokens available on Trado including WFLOW, USDC.e and stFlow.

Source: https://analytics.trado.one/Tokens 

‍

As of this writing, there are 5 pools available on Trado including USDC.e/WFLOW, and stFlow./WFLOW

With a liquidity of over $1.2 Million and a 24H volume of more than $18.1k. 

Source: https://analytics.trado.one/Pools 

‍

‍

Source: https://analytics.trado.one/Stats 

‍

Third party tracking

‍

On October 6, 2024, DefiLlama announced that they are now tracking Trado, enhancing transparency and accountability in Flow’s DeFi space!

Source: https://x.com/DefiLlama/status/1842627877327786153 

‍

Community Engagement and Growth

Trado has 13.4k followers on X, and an engaged community of 47 members on Discord, 

‍

Conclusion

Trado is a decentralized trading platform on Flow EVM, offering spot and high-leverage trading, a referral program, staking, and transparency through DefiLlama.

‍

DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms is for your general information only, procured primarily from third party sources. Flowverse does not warrant the accuracy, security and up-datedness of this information. The information should not be construed as professional or financial advice of any kind. Any use or reliance on our content and services is solely at your own risk and discretion.

‍