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HomeCOINSWhat Is Vortex DAO (SPACE)? Complete Guide Review About...

What Is Vortex DAO (SPACE)? Complete Guide Review About Vortex DAO.

What Is Vortex DAO (SPACE)?

This site’s domain name is either not yet pointed or is still propagating. Propagation may take up to 72 hours. Please check back later. Providing liquidity gives you a reward in the form of trading fees when people use your liquidity pool. Whenever someone trades on Vortex DAO, the trader pays a 0.25% fee, of which 0.17% is added to the Liquidity Pool of the swap pair they traded on.

Vortex DAO make being a liquidity provider even more worth your while, you can also put your LP tokens to work whipping up some fresh yield on the CAKE Farms, while still earning your 0.17% trading fee reward. Providing liquidity is not without risk, as you may be exposed to impermanent loss.

Vortex DAO Storage Key Points

Coin BasicInformation
Coin NameVortex DAO
Short NameSPACE
Circulating SupplyN/A
Total Supply59,552
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How to Add/Remove Liquidity

“Liquidity” is central to how Vortex DAO Exchange works. You can add liquidity for any token pair by staking both through the Liquidity page. In return for adding liquidity, you’ll receive trading fees for that pair, and receive LP Tokens you can stake in Farms to earn CAKE rewards.

Adding liquidity

To provide liquidity, you’ll need to commit an amount of any token pair you like. Your lowest value (in USD) of the two tokens will be the limit to the liquidity you can provide. You can easily trade for any tokens you need. Visit your How to Trade on PancakeSwap guide if you need to. In this example, Vortex DAO will add liquidity using BNB and CAKE. For the top Input, click ‘Select a currency’. Then choose one of the token in the liquidity pair you want to add liquidity to. Here are gong to use BNB as an example. For the bottom input, click ‘Select a currency’. And choose the other token in the liquidity pair you want to add liquidity to.

Enter an amount on one of the tokens under “Input”. The other should be calculated and filled automatically. You will see an error and the button being Vortex DAO out. Click the Enable CAKE button. If you are adding liquidity against tokens other than BNB, you might need to click enable twice for each token in your pair. Your wallet will ask you to confirm the action. Your wallet will ask you for confirmation. Confirm your transaction from your wallet. You can repeat the above steps to add more liquidity, or add liquidity to different pairs.

Limit Orders

Limit orders allow you to get your swaps at desired prices by leaving instructions to fill buy or sell orders at specific prices. The trade will only be executed if the price on Vortex DAO reaches your limit price (or better).

Why was my order not executed?

Limit orders are executed when they reach their desired price, however, due to gas fluctuations, the actual execution price might vary from the price you specified on the interface. Vortex DAO Usually, the execution price and the desired price should be almost identical, however, if you submitted a particularly small order (~<1000$) the execution price might be slightly higher to account for fees.

Therefore your order may not be executed because:

  • It wasn’t possible to fill the whole order at the desired price and amount due to price impact.
  • One of the tokens in the limit order has fee on transfer (see below).

How do I set slippage while using limit orders?

Slippage is not relevant in limit orders. You specify input amount (e.g. 1000 CAKE) and output amount Vortex DAO, Limit orders guarantee that you will receive no less than the specified output amount (20 BNB) for your input amount (1000 CAKE) if the price for the pair reaches the desired price. Note that tokens with fee on transfer should not be used with limit orders (read above).

The real execution price shows “never executes”.

It basically means that you’re trying to swap a very small amount of tokens therefore there are not enough tokens to be accounted for the gas fee. In general, you need to increase the amount of the “input” field to get rid of this error. Open orders will remain open indefinitely until they get executed or being cancelled by users. A Vortex DAO expiration date feature is planned for the near future. To sell below market price, you need Stop Limit Orders, not limit orders.

Vortex DAO Stop Limit Orders feature is coming soon. The order history comes from the sub graph and therefore might show slightly delayed information. Usually, delays are no longer than a couple of minutes at worst. Please refer to the sub graph indicator at the bottom right corner of the order history table.

Perpetual Trading

The bunnies have rubbed their paws and worked very hard in conjunction with ApolloX to bring this new feature to Vortex DAO. Trade your favorite pairs in a decentralized way on the site. Without intermediaries, easy, fast, safe and within reach of your legs, well, hands. Perpetuals, perpetual swaps, or perps are a special type of futures contract without an expiration date. Leverage is a trading mechanism. Traders can use it to increase their exposure to the market by allowing them to pay less than the full amount of the investment. In simple words, you borrow money to leverage your investment.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .