The Polygon (MATIC) spot market is now live on Helix! This also marks the first time Polygon (MATIC) has become available within the Injective and broader Cosmos ecosystem.
You can now trade MATIC spot market with market and limit orders on Helix, the premier on-chain derivatives exchange built on Injective. Read more below to find out more about Polygon, the benefits of trading MATIC on Helix, and a step-by-step guide on how to bridge MATIC and trade.
Get started here: https://helixapp.com/spot/wmatic-usdt
What Is Polygon (MATIC)?
Polygon is a well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infrastructure required by the developer.
The MATIC token plays an increasingly important role in securing the system and enabling governance. The key use cases of the token include securing the Proof of Stake (PoS) consensus and earning rewards, paying for the transaction fees in the network, and governing the decentralization of Polygon network.
Why Trade MATIC on Helix?
With a diverse array of upgrades and advanced enhancements, Helix is the only truly decentralized derivatives exchange. Helix provides completely unmatched exchange, advanced order types, a brand new Convert interface, trading histories, 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 Polygon (MATIC) trading within the Cosmos ecosystem alongside maker fee rebates and rewards, and new ways to earn with every trade.
WMATIC-USDT Market Details
- Base asset: WMATIC
- Quote asset: USDT
- Minimumick size: $0.0001 USDT
- Minimum quantity step: 0.1
- Trade and earn multiplier: 1X maker pts; 1X taker pts
- Fee: -0.01% maker fee; 0.1% taker fee
- Trading hours: 24/7/365
How to Trade MATIC on Helix?
In order to trade the MATIC spot market on Helix, you will need to have either MATIC or USDT in your Injective Wallet. The first step is to deposit assets to Injective.
Option 1: Bridge MATIC from Polygon to Injective
- Go to Injective Bridge and connect your wallet (e.g. MetaMask);
- Select “Polygon” from the dropdown menu as the origin source;
- Switch the network to Polygon and make sure it has a MATIC balance;
- Enter the amount of MATIC tokens you would like to transfer and click “Transfer Now”;
- Then go to the "History" section on the same page. Select the "Info" button on the right side of your bridge transaction and click "Redeem on Injective";
- Once redeemed, you can check the MATIC balance in your Injective Wallet or Account page on Helix.
Option 2: Bridge USDT from Ethereum to Injective
- Connect your Ethereum wallet (e.g. MetaMask, Ledger, Torus, Trezor) on Helix and make sure it has USDT balance;
- Go to the Account page on Helix and click “Deposit”;
- Select Ethereum in the dropdown menu and select USDT as the token you want to bridge;
- Click the “Set Allowance” button, which allows the bridge contract to use your USDT for the transfer; this will prompt you to sign a transaction via MetaMask or another wallet;
- Note that you need to pay a small amount in ETH gas fees to bridge tokens from Ethereum (but don’t worry there won’t be any gas fees on Injective!). Click “Confirm” to continue;
- Enter the amount of USDT you want to bridge over and click “Transfer Now”;
- Once the transaction is completed, you can check your USDT balance via the Injective Wallet or Account page on Helix.
Option 3: 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 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 transaction is completed, you will see the USDT or INJ balance on Injective Wallet or Account page under Helix;
- Swap INJ to USDT by using the Swap feature if needed.
Trade MATIC/USDT on Helix
After you successfully have MATIC or USDT assets to Injective, you are ready to trade!
- Go to the MATIC/USDT spot market on Helix;
- Choose either MATIC or USDT, and enter the amount you want to transfer;
- Now you can buy MATIC using USDT, or sell MATIC to get USDT;
- On Helix, you can choose the type of order, either Market or Limit order;
- Enter the amount you want to Buy or Sell, 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
- Trade and Earn 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 asset 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.
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About Polygon
Polygon is a layer-2 scaling platform that enables fast, easy, and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contracts.