Decentralized Wormhole (W) Perpetual Futures Listing on Helix

Decentralized Wormhole (W) Perpetual Futures Listing on Helix

The W Perpetual Market is now available on Helix! This marks the first time Wormhole (W) derivatives have become available for Injective and the broader Cosmos community.

You can now trade W Perps on Helix with leverage, the premier on-chain derivatives exchange built on Injective. Read more below to find out more about Wormhole, the benefits of trading W perpetual futures on Helix, and a step-by-step guide on how to start trading.

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What Is Wormhole (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 Perps 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 perpetual futures market within the Cosmos ecosystem alongside maker fee rebates, and new ways to earn with every trade.

W/USDT PERP Market Details

  • Underlying market: W
  • Quote asset: USDT
  • Minimum price tick size: $0.0001 USDT
  • Minimum quantity step: 1 
  • Expire: Perpetual (no expiration)
  • Maximum leverage: 3X
  • Initial margin ratio: 33.0%
  • Maintenance margin ratio: 16.5%
  • 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 W PERP on Helix? 

In order to trade W PERP market on Helix, you will need to have USDT in your Injective Wallet. The first step is to bridge assets from the Ethereum network 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: 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, and then you are all set to trade! 

Trade W PERP on Helix

  • Go to the W/USDT PERP market on Helix;
  • Choose the side you want to trade on, either Buy (Long) or Sell (Short);
  • 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.

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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.

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