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2024ELECTION Perpetual Futures Listing on Helix

The 2024ELECTION Perpetual Market is now available on Helix!

You can now trade the 2024ELECTION perpetual market on Helix, the premier on-chain derivatives exchange built on Injective. Read more below to find out more about the 2024ELECTION market, the benefits of trading 2024ELECTION perpetual futures on Helix, and a step-by-step guide on how to trade on Heilx.

Get started here: https://helixapp.com/futures/2024election-perp

What Is the 2024ELECTION PERP?

Helix’s 2024ELECTION PERP will trade akin to a regular perp with 3x leverage. The underlying asset is TRUMPWIN, meaning if you buy/long the asset, you are taking the position that Donald Trump will win the election. Similarly, if you sell/short the asset, you are taking the position that Donald Trump will lose the election.

For this asset, the mark price is based on the midpoint of the orderbook on Polymarket for the "yes" token for Trump. Further, the price has a 6-hour TWAP to prevent big swings and uses the Polymarket’s Presidential Election Winner 2024 market as the oracle to determine the winning candidate.

The mark price will settle to $1 if the aforementioned market on Polymarket settles to "yes" for Donald Trump (i.e. Donald J. Trump wins the 2024 presidential election), and $0 if the market on Polymarket settles to "no" for Donald Trump (i.e. if Kamala Harris or another candidate wins the presidential election).

Why Trade 2024ELECTION Perps on Helix?

With a diverse array of upgrades, Helix 2.0 marks a significant milestone in the evolution of the protocol, introducing a host of cutting-edge features designed to enhance user experience and broaden trading capabilities. Helix provides completely unmatched exchange, trading bots, advanced order types, an intuitive Swap interface, individual profit and loss overview, and reward tracking to Injective users. Anyone can use Helix as a crypto cross-chain trading gateway with zero gas fees, best-in-class security, and lightning-fast speeds.

Helix is the first platform to support 2024ELECTION perpetual market alongside maker fee rebates, and new ways to earn with every trade.

2024ELECTION PERP Market Details

Underlying asset: TRUMPWIN
Minimum price tick size: $0.0001
Minimum quantity step: 1
Maximum leverage: 3X
Initial margin ratio: 33%
Maintenance margin ratio: 16.5%
Fee: -0.01% maker fee; 0.05% taker fee
Trading hours: 24/7/365
Expiry: Election perps are not expiry instruments, however this trading pair has a rough specific lifespan (i.e. at the conclusion of an election). When the underlying market on Polymarket reaches settlement (i.e. the token price settles to $0 or $1), trading activity will likely trend towards zero as there will not be any money to be made.
For more details, please visit here.

How to Trade 2024ELECTION Perp on Helix?

In order to trade 2024ELECTION perp market on Helix, you will need to have USDT in your Injective Wallet. The first step is to deposit assets to Injective.

Option 1: Bridge USDT from Ethereum to Injective

Go to Injective Bridge and connect your wallet;
Select “Ethereum” from the dropdown menu as the origin source;
Select “USDT” as the asset to transfer and make sure it has USDT balance;
Enter the amount of USDT tokens you would like to transfer and click “Review Deposit” and “Confirm”;
Once the transfer is completed, you can check the USDT balance in your Injective Wallet or the Balances page on Helix.

Option 2: Onboard with Fiat

You can also onboard onto Helix using popular fiat currencies by selecting from one of the fiat on-ramp providers such as Mercuryo, Kado, Transak, or Payfura.
Choose your payment currency (e.g. USD) and enter the amount in fiat you would like to swap;
Select Injective as the network to receive your payment amount;
Follow the instructions and continue the steps;
Once the transfer is completed, you can check the USDT balance in your Injective Wallet or the Balances page on Helix;
Swap INJ to USDT by using the Swap feature if needed, and then you are all set to trade!

Trade on Helix

Go to the 2024ELECTION PERP market on Helix;
Choose the side you want to trade on, either Yes TRUMPWIN (if you are taking the position that Donald Trump will win the 2024 presidential election) or No TRUMPWIN (if you are taking the position that Kamala or another candidate will win the presidential election);
Then choose the type of order you want to trade, from Market, Limit, or more advanced types;
Enter the amount you want to trade and select your desired leverage;
Submit your order and approve it with your wallet;
Once the order is approved successfully, you will see a notification “Your order has been placed.”

Upcoming Listings

Moving forward, Helix will continue to expand the markets available for users. All community members can propose to bring new assets to Helix using the governance portal on the Injective Hub. Ultimately, all INJ token holders own Injective so the community has the power to bring new assets to the dApp ecosystem.

Stay updated on all new listings by joining Helix on Twitter and Telegram!

Useful Resources

How to create your Injective wallet: Link
Onboard onto Injective instantly with fiat: Link
Transfer assets to Injective via Injective Bridge: Link
A quick guide on how to make a trade on Helix: Link
Earn trading fee discounts by staking INJ: Link

This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix’s Terms and Conditions.

About Helix

Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.

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About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native token that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

About 2024ELECTION PERP

The mark price is based on the midpoint of the orderbook on Polymarket for the "yes" token for Trump. Further, the price has a 6-hour TWAP to prevent big swings and uses the Polymarket’s Presidential Election Winner 2024 market as the oracle to determine the winning candidate.

2024ELECTION Perpetual Futures Listing on Helix