KLAYswap
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English
  • Introduction
  • Protocol Overview
  • Core Concept
  • KLAYswap Advantages
  • Risk & Security
  • Privacy Policy
  • Audit
  • TOKENOMICS
    • KSP
      • KSP TOKENOMICS
      • Automation of KSP distribution rate
        • Voting policy on passing governance
        • KSP distribution ratio reflection policy
      • KSP Allocation
  • PRODUCT
    • SWAP
    • Single-side Deposit
      • Detailed policy of Single Deposit
    • Pair Deposit
    • V3 Pair Deposit
      • V2 to V3 Migration
        • V2 to V3 Migration Guide
        • V2 to V3 Migration Policy
      • V3 Pair Deposit
        • V3 Deposit Guide
        • V3 pair Deposit Policy
      • V3 to V3 Migration
        • V3 to V3 Migration Guide
        • V3 to V3 Migration Policy
      • V3 Pair Withdraw
        • V3 Withdraw Guide
        • V3 Withdraw Policy
    • Plus Deposit
      • Detailed policy of Plus Deposit
    • Long/Short Position Deposit
      • Open and Close Long/Short Positions
        • Open Short Positions
        • Open Long Positions
        • Remove Long Position
        • Remove Short Position
      • Position Deposit Details Policy
    • KSP Staking & Voting
      • Staking, Pool Voting Policy
    • Governance
      • Governance Voting Policy
    • Drops
    • Ecopot
    • Pool Airdrop
    • APR & APY
      • TVL
      • Pool
      • Staking
    • Interest rate
  • DEVELOPERS
    • Contract
      • Factory
      • Exchange
      • PoolVoting
      • VotingKSP
      • Treasury
      • Distribution
      • Governor
      • SinglePool
      • SinglePool Factory
      • PlusPool
      • PlusPool Factory
      • Store
      • Utils
      • Single/Plus Utils
      • Helper
      • EcoPotVoting
      • EcoPot
      • V3
        • V3Factory
        • V3Pool
        • NonfungiblePositionManager
        • NonfungibleTokenPositionDescriptor
        • V3SwapRouter
        • V3Migrator
        • V3Estimator
        • PositionMigrator
        • V3Treasury
        • V3AirdropOperator
        • UniversalRouter
    • Airdrop
      • Set Airdrop Operator
      • Start Airdrop
    • EcoPot
      • Set EcoPot
      • Start EcoPot
  • HOW-TO GUIDES
    • KLAYswap Guide
    • How to add liquidity on KLAYswap
    • [Burrito Wallet] How to deposit assets using mobile devices?
    • How to create a liquidity pool on KLAYswap
    • How to stake and vote on KLAYswap
    • How to deposit assets
      • Deposit Klaytn-based assets
      • Deposit Ethereum-based assets
      • Deposit XRP
    • FAQ
  • KLAYswap
  • Orbit Bridge
  • KLAYswap git
  • Orbit Bridge git
  • KLAYswap audit report
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  1. PRODUCT
  2. Long/Short Position Deposit
  3. Open and Close Long/Short Positions

Open Long Positions

PreviousOpen Short PositionsNextRemove Long Position

Last updated 2 years ago

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Detailed procedures for opening long/short positions

Step 1

  • To open a KLAY 3x long position, the user deposits 1,000 USDT of deposited assets into a single pool of KLAYswap USDT.

  • The user can earn interest on USDT single pool deposits and KSP rewards.

Step 2

  • The user will use 3,000 USDT based on his or her deposit assets of 1,000 USDT. Utilization costs are accrued at this time for the 3,000 USDT utilized.

  • The utilized 3,000 USDT will be swapped for 5,982 KLAY in the KLAY/USDT pool.

  • This rate is calculated based on 1 KLAY = 0.5 USDT, and a 0.3% swap fee will incur.

Step 3

  • 5,982 KLAY acquired through swap are deposited into a single deposit pool to open long positions.

  • Before the close of long position, the user may receive KSP rewards and deposit interest on 5,982 KLAY deposited in the KLAY single pool.

The following rewards and costs apply to users who have completed the long position deposit as described above.

1) Earn USDT single pool deposit interest on my asset 1,000 USDT (3.00% per year), Earn KSP reward

2) Earn KLAY single pool deposit interest on position asset 5,982 KLAY (2.00% per year), Earn KSP reward

3) USDT Utilization cost for utilized asset 3,000 USDT incurs (6.00% per year)