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Decentralized Saga (SAGA) Spot Market Listing on Helix

The SAGA/USDT spot market is available on Helix! You can now trade SAGA/USDT spot market with market and limit orders on Helix, the premier on-chain crypto exchange built on Injective. Read more below to find out more about Saga, the benefits of trading SAGA on Helix, and a step-by-step guide on how to trade on Heilx.

Get started here: https://helixapp.com/spot/saga-usdt

What Is Saga (SAGA)?

Saga is a Layer 1 protocol that allows developers to automatically spin up parallelized and interoperable dedicated chains that elastically scale with their Web3 application needs.

SAGA is the Saga Protocol’s native utility token. It is used in several functions including (1) Payment for chainlets: developers pay SAGA tokens to the network validators to instantiate and keep their Chainlets alive; (2) Staking: Stakers help secure the network and receive SAGA tokens and the tokens of projects building on the Saga protocol as a reward; and (3) Governance: SAGA token holders will be able to vote on network governance decisions.

To learn more about SAGA’s tokenomics, please click here.

Why Trade SAGA on Helix

With a diverse array of upgrades and advanced enhancements, Helix is the only truly decentralized derivatives exchange. Helix provides completely unmatched exchange, trading bots, advanced order types, an intuitive Swap 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 SAGA/USDT spot market within the Cosmos ecosystem alongside maker fee rebates, and new ways to earn with every trade.

SAGA-USDT Market Details

Base asset: SAGA
Quote asset: USDT
Minimum price tick size: $0.001 USDT
Minimum quantity step: 0.1
Trade and earn multiplier: Ineligible
Fee: -0.01% maker fee; 0.1% taker fee
Trading hours: 24/7/365

How to Trade SAGA/USDT on Helix?

In order to trade the SAGA/USDT spot market on Helix, you will need to have either SAGA or 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 Account page on Helix.

Option 2: Bridge SAGA from Saga to Injective

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

After you successfully have SAGA or USDT assets on Injective, you are ready to trade!

Go to the SAGA/USDT spot market on Helix;
Now you can buy SAGA using USDT, or sell USDT to get SAGA;
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
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 Saga