The W/USDT spot market is available on Helix! You can now trade W/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 Wormhole, the benefits of trading W on Helix, and a step-by-step guide on how to trade on Heilx.
Get started here: https://helixapp.com/spot/w-usdt
What Is Wormhole and W?
Wormhole is the leading interoperability platform powering multichain applications and bridges at scale. Wormhole enables the transfer of value and information between ecosystems and at the time of publishing, Wormhole is used by developers of over 200 applications and hundreds of thousands of users, to move various types of data across over 30 blockchains.
W is the native token of Wormhole. W token holders can prepare to participate in token-holder governance, including, but not limited to, adding and removing blockchain connections to Wormhole, upgrading smart contracts across Wormhole and more. To learn more about W’s tokenomics, click here.
Why Trade W 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 W/USDT spot market within the Cosmos ecosystem alongside maker fee rebates, and new ways to earn with every trade.
W-USDT Market Details
- Base asset: W
- 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 W/USDT on Helix?
In order to trade the W/USDT spot market on Helix, you will need to have either W 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 W from Solana to Injective
- Go to Injective Bridge and select Wormhole Connect on the navigation bar;
- Select “Solana” as the Source and “Injective” as the Target, and connect your wallets accordingly;
- Select “W” as the asset to transfer and make sure it has W balance;
- Enter the amount of Wtokens you would like to transfer and click “Approve and proceed with transaction”;
- Once the transfer is completed, you can check the W 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 W/USDT on Helix
After you successfully have W or USDT assets on Injective, you are ready to trade!
- Go to the W/USDT spot market on Helix;
- Now you can buy W using USDT, or sell USDT to get W;
- 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.
Website | Telegram | Twitter | Blog
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.
Website | Telegram | Discord | Blog | Twitter | Youtube | Facebook | LinkedIn | Reddit | Instagram | Orbit Newsletter
About Wormhole
The Wormhole Network is a generic message-passing protocol that connects high-value blockchains and allows applications leveraging the messaging layer to facilitate interoperability between ecosystems. Secured by 19 guardians, developers are able to leverage the protocol to send arbitrary data cross-chain including tokens, NFTs, oracle data, governance decisions and more.
Website | Twitter | Discord | Telegram | Blog | Youtube | Github | Documentation