Guide to Using Helix, the Decentralized Exchange on Injective

Helix is the Decentralized Exchange built on Injective. Helix is the native DEX of Injective, that provides users with a smooth trading experience.

Guide to using Hilex | By HONEY

Today, I'll guide you about how to use Helix and step by step all the features of it.

Depositing Crypto Assets to Injective

The first and most significant feature of the helix is the Deposit of crypto assets to Injective.

Helix gives us a chance to bridge $INJ from other chains to injective Mainnet and vice versa in just 4 steps.

Step 1: Visit the Injective Bridge and connect your wallet.

Step 2: Select the source chain (e.g. Ethereum, Cosmos or, Solana).

Step 3: Choose USDT or any other asset.

Step 4: Once complete, return to Helix and check your Balances on the Portfolio page. You are ready to trade.

Swapping Assets on Helix

Alright, let's move toward the next feature which is Swap assets. There are only 4 simple steps that you need to follow to swap by Helix.

Step 1: Connect Helix with your Keplr wallet.

Step 2: Select the tokens that you want to swap. Example: INJ/USDT

Step 3: Enter the amount and click on the swap

Step 4: Confirm the transaction and congratulations, it's done!

Trading on Helix

But wait, many of you are asking about how to trade on Helix ( spot and perpetual ). Alright, it's quite simple to trade on Helix.

Step 1: Go to the "Trade " option and select spot or perpetual accordingly 

Step 2: Now select a pair like INJ/USDT

Step 3: Set a limit order from the order book and enter the amount 

Step 4: Confirm the transaction and it will be successful within 20-30 sec

This is all about trading on Helix for both markets.

Automated Trading Bots on Helix 

An exceptional and interesting feature is the automated Trading Bot. Helix is releasing Trading Bots, with the first offering now available for select spot markets. Helix Trading Bots now allows users to utilize advanced orders placed by a trading bot to automate the buying and selling of spot markets.

Literally, this is working as a shadow of the trader 

How Grid Trading Works on Helix

Once a spot grid trading strategy is triggered, the bot will automatically place buy and sell orders at different price levels within the range you specify. The bot will then continue to monitor the market and execute trades as the price moves within the range you set up.

Using Spot Grid Trading on Helix

I think you must check the article for a complete process because it's important to understand all the things carefully otherwise it may cause asset loss.

Article link: Click here

Trading to Earn - Understanding Feature of Helix 

Helix provides you with decent rewards on your trade. Right now campaign round 42 is live and you will get a share of 10,000 TIA and 1000 INJ on your trade.

Read more: Click Here

from Ninja to Ninja

Authored by Ninja: HONEY

Date: 20/09/2024

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