Today, Helix has listed decentralized perpetual futures contracts for Stacks (STX). Stacks brings smart contracts to the Bitcoin network, making it possible for builders to build decentralized applications that benefit from Bitcoin’s security including DeFi, NFTs, DAOs, and other web3 applications.
This marks one of the first Bitcoin-focused decentralized derivatives market on Helix, allowing users to take part in new forms of trading strategies. You can now trade $STX with 5X leverage on an entirely decentralized order book with zero gas fees.
Start Trading:https://helixapp.com/
Why Trade $STX on Helix?
- Long and short STX with 5X leverage
- Decentralized order book (all of the pro functionalities of a CEX with none of the drawbacks)
- Lightning Fast Speeds
- Earn trading fee discounts through VIP tiers
- Zero Gas Fees
- Zero frontrunning
- Zero MEV
- Earn rewards with every trade
- Own part of the exchange and determine its future via governance
- Interact with the world of Cosmos IBC
STX-USDT Perpetual Futures Market Details
- Underlying market: STX
- Quote asset: USDT
- Minimum Price Tick Size: 0.001 USDT
- Minimum Quantity Tick size: 0.01 STX
- Expire: Perpetual (no expiration)
- Maximum leverage: 5x
- Initial margin ratio: 19.5%
- Maintenance margin requirement: 5.00%
- Trade and earn multiplier: 1X maker pts; 2.2X taker pts
- Trading hours: 24/7/365
About Stacks
Secure smart contracts and apps for Bitcoin. The Stacks ecosystem is a collection of independent entities, developers, and community members working to build a user-owned internet on Bitcoin. The Stacks blockchain extends the design of Bitcoin to enable secure apps and predictable Clarity smart contracts without modifying Bitcoin itself, opening innovation on the network for the first time. The Stacks cryptocurrency (STX) is used as fuel for networking activity and contract execution and can be locked by STX holders via ‘Stacking’ to earn Bitcoin (BTC) rewards for supporting blockchain consensus. Stacks cryptocurrency was distributed to the general public through the first-ever SEC qualified token offering in US history.
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!
Additional Resources
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 protocol for building powerful exchange, DeFi, derivatives & Web3 applications.
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About Injective
Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.
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