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 Short Positions

PreviousOpen and Close Long/Short PositionsNextOpen Long Positions

Last updated 2 years ago

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Detailed procedures for opening short positions

Step 1

  • When opening a KLAY 3x short position, the user deposits 1,000 USDT of deposited assets into KLAYswap USDT single pool.

  • USDT single pool deposits allow users to earn deposit interest and KSP rewards

Step 2

  • Based on his or her deposit assets of 1,000 USDT, the user will utilize 6,000 KLAY. Utilization costs are accumulated for the 6,000 KLAY used at this point.

  • Utilized 6,000 KLAY will be swapped for 2,991 USDT in KLAY/USDT pool.

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

Step 3

  • 2,991 USDT acquired through swap are deposited in a single USDT pool to open a short position.

  • Before the close of short position, the user may receive KSP rewards and deposit interest on 2,991 USDT deposited in the USDT single pool.

The following rewards and costs apply to users who have completed the short 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 USDT single pool deposit interest on secured assets 2,991 USDT (3.00% per year), Earn KSP reward

3) KLAY Utilization cost for utilized asset 6,000 KLAY incurs (7.00% per year)