# About Electra
### About Electra
#### Origins
Electra was born from a simple but powerful belief: traders shouldn’t have to choose between deep liquidity and full control of their funds. Our founders—veteran derivatives traders and blockchain engineers—saw how centralized exchanges forced users to relinquish custody for speed, and how early DEXs fractured liquidity and slowed execution. United by a shared goal, they set out to build a truly decentralized platform with the performance of top-tier exchanges.
#### A Trader-Led Vision
In early 2024, our core team recognized that DeFi’s promise of self-custody and transparency would only take off if it matched institutional execution speed and order-book depth. Leveraging decades of experience managing multi-million-dollar books, they designed Electra to pull liquidity directly from Binance and Bybit into a lean smart-contract layer that never holds user assets. The result is seamless fills—even for large “whale” orders—while every position remains in the trader’s own wallet.
#### Engineering for Performance & Security
Behind Electra’s clean interface lies a powerful technical foundation. Leveraging Lumia’s high-throughput blockchain, we engineered Electra to settle trades in fractions of a second and draw real-time liquidity directly from TOP CEX’s like Binance and Bybit.
***
### Our Mission
To fuse the speed and reliability of centralized exchanges with the freedom and transparency of decentralized finance—empowering every trader to move fast, stay in control, and trade without compromise.
***
### What We Offer
* Institutional-Grade Liquidity\
Aggregated depth from Binance and Bybit ensures large orders execute with minimal slippage.\
* Sub-Second Execution\
A lightning-fast matching engine handles high-frequency strategies and reactive trading.\
* Non-Custodial by Design\
You always control your funds. We simply provide the marketplace.\
* Perpetual Futures with 100× Leverage\
Long or short with precision, backed by robust margin safeguards.\
* Smart Alerts & Controls\
Custom limit triggers, and instant volatility notifications keep you ahead.\
* Multi-Platform Access\
Available on desktop, mobile web, and Telegram Mini-App.\
***
### Our Expertise
Electra is built by a team that lives and breathes markets:
* Professional Derivatives Traders\
From top-tier trading desks, with decades of high-stakes experience.\
* Blockchain & Backend Engineers\
Specialists in high-performance protocols and secure smart-contract design.\
* Risk Architects\
Veterans who’ve crafted safeguards for platforms handling billions in daily volume.\
Together, we combine deep market knowledge, cutting-edge technology, and a trader-first design ethos to create a platform that feels familiar to pros yet remains open to everyone.\
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***
### Join the Future of Trading
With Electra, you never have to compromise. Experience deep liquidity, blazing-fast execution, and full asset control—today.\
Start trading now and see what a modern DEX should feel like.
# Roadmap
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📅 2024 — Foundation & Core Systems
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✅ Core Trading Infrastructure — completed and stable
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✅ Backend Architecture & Cross-Chain Proofs — deployed
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✅ Stability & Performance Optimization — achieved significant latency improvements
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✅ Aggregation Backend Upgrade — new aggregation engine live
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✅ TON Network Integration — multi-chain expansion completed
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✅ Alpha Terminal Testing — closed testing phase finalized
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⚙️ 2025 — Expansion & Innovation
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✅ Mainnet Launch: Perpetuals Exchange — fully operational
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✅ Upgrade to Electra Trade v2.0 — performance and UX improvements deployed
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🔁 Automated Trading Strategies — internal testing ongoing
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🌎 Global Marketing Campaign Preparation (USA & EU) — materials and partnerships in development
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🌐 2026 — Global Growth & Ecosystem Maturity
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🏦 On-Chain RWA Trading (Gold, Oil, etc.) — expanding to real-world assets
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💰 Stablecoin & Profitable RWA Pools — liquidity creation initiatives
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🎭 Next-Gen Meme & PERP DEX Trading — community-driven DeFi expansion
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🌏 Global Marketing Campaign Launch (Asia) — large-scale regional rollout
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📊 Prop-Trading Platform Launch — onboarding professional traders
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🧩 Trading Hub Creation — unified entry point for all Electra tools
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🧭 Ambassador Program Expansion — community growth strategy
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🤝 Global Partnerships Development — strategic collaborations
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💠 $ELT Token Generation Event (TGE) — planned token launch
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🤖 AI Trading Assistant Development — smart automation and insights
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🎓 Electra Academy Launch — education & certification platform
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📈 Copy Trading & Smart Investments (Staking, etc.) — passive income tools
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⚡ DeFi Options Trading Integration — expanding derivatives offering
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🚀 Token Launchpad Platform Creation — enabling new project listings
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🪄 Enigma Expansion Initiative — advanced R\&D and ecosystem scaling
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# Tokenomics
### Community – 53%
Public Community Sale – 15%\
A broad public offering to raise capital and build a decentralized holder base. Most tokens will unlock at TGE to ensure liquidity and fairness, with a small portion optionally vested to support price stability. This invites community ownership from the outset and provides working capital to scale.
Airdrop – 10%\
A major pre-launch distribution to reward early users, supporters, and traders. This mirrors successful launches like HyperLiquid and reinforces our community-first philosophy. This boosts decentralization and creates an instant, diverse base of token holders committed to the platform.
Trader Incentives – 18%\
Allocated for trading rewards and liquidity programs to bootstrap platform activity and user acquisition. Emitted gradually over 3–5 years, these tokens encourage volume, increase retention, and cultivate an active user base that drives real utility and demand.
Staking Rewards – 10%\
Set aside for users who stake tokens to support platform security, governance, and liquidity. Distributed continuously over multiple years to reward long-term holders and contributors. This reduces circulating supply, incentivizes loyalty, and strengthens the Electra network.
### Main Contributors – 32%
Strategic Partners & Ecosystem – 12%\
Reserved for selected strategic partners, integrators, liquidity supporters, investors and infrastructure contributors who align with Electra's long-term vision. These tokens are fully vested with a 12-month lock and gradual release over 24 months. This ensures our investors bring more than capital — offering network access, credibility, and product input while aligning with Electra’s multi-year trajectory.
Team – 18%\
Allocated to founders and core contributors, with a 1-year cliff and 4-year vesting. This ensures the people building Electra are incentivized to grow and sustain it over the long term.
Advisors – 2%\
For legal, technical, and ecosystem advisors who add critical value to Electra. Tokens vest over 1–2 years based on contribution milestones. This ensures ongoing, high-quality advisory relationships with aligned incentives.
### Reserve – 15%
Treasury & Reserve – 10%\
Held by the Electra Foundation or DAO Treasury for future-proofing operations, funding R\&D, or responding to market opportunities. Most tokens are locked and released slowly over time. This provides flexibility to support Electra's growth through unforeseen circumstances or strategic initiatives.
Growth & Marketing Fund – 5%\
Reserved for exchange listings, promotional campaigns, ambassador programs, and high-impact marketing. Time-locked and deployed strategically to maximize awareness and engagement. This fund supports reach, reputation, and onboarding — key drivers of Electra's user growth.
# Token Utility
#### 1. Revenue sharing — Liquidity Provision Rewards
Active community members can stake ELT or other supported assets to provide liquidity to Electra’s trading pools. Liquidity providers earn APY-based rewards and a share of trading fees, aligning long-term incentives while reinforcing the platform’s growth and sustainability.
#### 2. Trading Fee Discounts
Holding ELT unlocks tiered trading fee discounts. The more ELT a user holds, the greater the discount—rewarding long-term participants and high-volume traders with improved profitability on every trade.
#### 3. Governance & Voting
Electra operates under a DAO-based governance model. ELT holders gain the right to propose and vote on key protocol decisions, empowering the community to actively shape the platform’s evolution and support sustainable innovation.
#### 4. Launch your token on Electra Launchpad
New projects launching on Electra are required to lock a specified amount of ELT as financial collateral. This stake serves both as insurance for the launch and as a commitment mechanism, ensuring accountability within the Electra ecosystem.
#### 5. Referral Rewards Boost
Referral rewards scale with your ELT stake. The more ELT you hold, the higher your commission from user referrals—turning network growth into a reliable source of passive income.
#### 6. P2P Contribution Incentives
Users can share strategies, research, and insights directly on the platform. ELT powers a peer-to-peer tipping system that allows readers to support valuable content, creating a decentralized reward mechanism for quality community contributions.
#### 7. Lending & Collateralization Interest
ELT can be used within integrated DeFi modules for lending and borrowing. Token holders can earn interest over time or use ELT as collateral for margin trading, unlocking benefits like higher leverage and continuous access to advanced trading features.
#### 8. AI Tool Access
Access to Electra’s AI-driven trading features requires holding or actively using ELT. Premium tools—such as predictive analytics and automated strategy assistants—may require a token commitment, with a portion subject to quarterly burns tied to protocol usage.
#### 9. Enigma
Reserved for a future utility that redefines what holding ELT means. The Enigma isn’t just a feature—it’s a new layer of value. It’s not an if, it’s a when.
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# Electra Terminal Guide
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# 1.1 Connecting your EVM wallet
Connecting Your EVM Wallet
What wallets can be connected? Why do you need BNB or ETH in your wallet?
Seamless Web3 Wallet Integration with Electra
Electra offers an intuitive and secure way to connect any Web3 wallet, allowing you to start trading effortlessly.
#### 1. Connecting via MetaMask
MetaMask, one of the most popular Web3 wallets, is fully supported by Electra.
Step-by-step guide:
1. Click the Connect Wallet button on the homepage.
2. Select MetaMask from the list of available options.
3. Confirm the connection in the pop-up window by following the wallet's instructions.
4. Done! Your wallet is now connected, and you’re ready to use Electra.
MetaMask is ideal for quick and secure DeFi interactions, including asset management and trading on DEX platforms.
#### 2. Connecting via WalletConnect
For users who prefer other Web3 wallets, Electra supports WalletConnect.
* Scan the QR code using your wallet app, or confirm the connection via a compatible link.
* WalletConnect supports a wide range of wallets, such as Trust Wallet, Rainbow, Argent, and many more.
Why is this convenient?
* Flexibility: Connect any wallet of your choice.
* Simplicity: An intuitive connection process that takes just seconds.
* Security: Your data stays under your control, as Electra does not store your private keys.
The Electra system ensures seamless interaction with Web3 wallets, giving traders maximum flexibility to manage their assets and trade on DEX platforms. Whether you prefer MetaMask or any wallet via WalletConnect, Electra guarantees ease of use and robust security!
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\
#### 1.2 BNB/ETH
# 1.2 BNB/ETH Gas Fees
To ensure a smooth and hassle-free experience on the Electra platform, which operates on Binance Smart Chain (BSC) and Ethereum (ETH), you’ll need to have a small amount of BNB (for BSC) or ETH (for Ethereum) in your EVM wallet. These tokens are required for the following actions:
* Deposits and withdrawals: All deposit and withdrawal operations on Electra are executed via smart contracts. A minimal network fee (gas fee) is needed for these transactions, paid in BNB/ETH.
* Convenience: Electra is designed to provide fast and reliable transactions. With BNB/ETH, you can perform operations in just a few clicks without worrying about network speed or reliability.
* Minimal cost: The required fee is very small - even a balance of 0.01 - 0.02 BNB/ETH is sufficient for multiple transactions.
#### How does it work?
1. Add a small amount of BNB or ETH to your EVM wallet.
2. When performing transactions on Electra, the network fee is automatically deducted from your balance.
3. The entire process is optimized for your convenience - no delays, no complications!
#### 1.2.1 Unique Transaction Processing System
#### Electra employs an advanced liquidity distribution algorithm, ensuring instant order execution even during periods of high network traffic. This allows users to complete trades quickly without missing favorable price opportunities.
1.2.2 Multi-Chain Token Support\
The Electra platform supports not only the standard BEP-20 for Binance Smart Chain but also other networks like Ethereum, Polygon, TON, and many more. This makes trading more accessible and flexible for users with assets across multiple blockchains.
1.2.3 Automatic Risk Management
Electra has integrated intelligent monitoring mechanisms that notify traders of critical margin changes, helping prevent potential liquidations. This enables users to manage their positions effectively without constant oversight.
# 1.3 Deposits and Withdrawals
Electra offers a centralized USDT deposit/withdrawal system that ensures the secure storage of your funds while simplifying the management of your trading positions.
Your primary assets remain in your connected wallet, maintaining their safety. However, to fully utilize the platform's features and trade futures, a portion of your funds is transferred to the centralized deposit. This is necessary for the following purposes:
* Maintaining positions: The centralized deposit supports your open trading positions.
* Avoiding liquidation: If your margin level drops and there aren’t enough funds in the centralized deposit, the system may automatically liquidate your position. To prevent this, it’s crucial to top up the deposit promptly.
Disclaimer: In case of insufficient funds in the centralized deposit, you’ll need to replenish it to maintain your position and avoid liquidation.
#### How to Deposit Funds:
1. Navigate to the Balance Management section on the Electra platform.
2. Enter the amount you wish to transfer from your wallet to the centralized deposit.
3. Confirm the transaction in your wallet interface.
#### Process for Depositing Funds from an EVM Wallet to Electra
1.3.1 Ensure You Have BNB/ETH for Network Fees\
To use Electra, make sure you have enough tokens for trading or exchange, as well as funds to cover network fees.
1.3.2 Connect Your Wallet to Electra
* Visit the Electra website.
* Click the Connect Wallet button.
* Select your EVM wallet (e.g., MetaMask, Trust Wallet).
* Confirm the connection in your wallet interface.
1.3.3 Check Your Wallet Balance
* Ensure the necessary tokens are in your wallet.
* If tokens are missing, top up your wallet by transferring funds to its address.
#### Withdrawing Funds from Electra to an EVM Wallet
Important! Before withdrawing funds, ensure you have no open positions. Funds tied to active trades cannot be withdrawn until the positions are closed.
Steps for Withdrawing Funds:
Check Available Balance:
* Verify that you have accessible funds in your Electra account for withdrawal.
* Funds linked to active positions will remain temporarily unavailable.
Withdrawal Fee:
* A withdrawal fee (in USDT) equivalent to the transaction costs on the selected blockchain network may apply.
* Ensure you have sufficient funds to cover this fee.
Withdraw Funds:
* Go to the Withdrawal section.
* Enter the address of your EVM wallet (e.g., MetaMask or Rabby).
* Specify the withdrawal amount and confirm the operation.
Transaction Verification:
1. After confirming the transaction, check your wallet to ensure the funds have been successfully received.
# 1.4 1-Click Trading
1-Click Trading is a feature designed to simplify and accelerate the trading process on the Electra decentralized exchange (DEX). With this functionality, users can buy or sell crypto assets with a single click, eliminating the need to approve each transaction through their wallet.
#### Key Features of 1-Click Trading:
* Instant Order Execution: Once activated, the feature allows users to execute trades immediately based on current market conditions, bypassing complex interfaces and additional confirmations.
* Intuitive Interface: The trading process is streamlined through a minimalist and user-friendly interface. Users only need to select the asset and amount to complete a transaction.
* Market Order Support: The 1-Click Trading feature is particularly effective for placing market orders, enabling instant execution at the best available price. This makes it invaluable for active traders and scenarios where quick responses to market changes are crucial.
* Flexibility with Pending Orders: In addition to market orders, 1-Click Trading also supports pending orders, offering maximum flexibility and convenience in trading.
* Optimization for High-Frequency Trading: This feature is perfect for strategies that prioritize speed, such as arbitrage, scalping, or reacting to sudden market shifts.
* Direct Wallet Integration: On Electra DEX, users trade directly from their crypto wallets. With 1-Click Trading, the required blockchain transaction is automatically initiated once the user confirms it.
* Reduced Complexity for Beginners: Thanks to its simplicity, 1-Click Trading makes Electra more accessible to users with limited trading experience while maintaining robust functionality.
#### Benefits:
* Time Savings: Eliminates unnecessary steps in order placement, ensuring faster execution.
* Convenience: Provides quick access to trading operations from anywhere within the terminal interface.
Enhanced Liquidity: The user-friendly features encourage more users to engage in trading, boosting liquidity on the platform.
# 1.5 Notifications
**Electra Notification Service – User Guide**
Stay on top of your trading and account activity with the **Electra notification service**, which sends important alerts to your Telegram account. You’ll never miss an event like deposits, market volatility, order updates, or major news!
***
### **How to Enable Notifications**
To receive notifications, you need to link the **wallet** connected on the Electra terminal to your **Telegram account**.
#### 1. Open Notifications
1. In the Electra interface, click the **“Notification”** button.
2. If you’ve already linked your wallet, you’ll see a menu with subscription options.
3. If not, a window will guide you through setting up the connection.
#### 2. Link Your Telegram
1. Click **“Connect Telegram”**
2. Press **Sign** - to link your accounts, simply approve a quick wallet verification. This is to confirm you own the wallet—it’s safe and won’t involve sending any funds.
3. Confirm linking by clicking "Subscribe via Telegram" in your wallet.
#### 3. Confirm in the Bot
1. After being redirected to Telegram, press the "Start" button in the bot.
2. If the connection is successful, the bot will send a **welcome message**.
3. If the setup fails, follow these steps:
* Clear the chat with the bot.
* Reload the Electra webpage.
* Try again using the link provided.
> **Note**: Once your wallet is linked, **all notification types** are enabled by default.
***
### **Notification Preferences**
Choose which alerts matter most to you:
* **News** – Stay informed about the latest announcements.
* **Order Updates** – Get real-time notifications on your orders.
* **Deposit Confirmation** – Receive alerts when your funds are credited.
* **Bonuses** – Know when a bonus is ready to be claimed.
* **High Volatility Alerts –** Catch sudden price swings in real-time.
After customizing your preferences, click **“Save”** to confirm your choices.
***
**Enjoy real-time updates and peace of mind with Electra’s Telegram notifications!**
# 1.6 Electra Security & Audit Report
### **Electra Smart Contract Audit by ExVul**
Electra’s smart contract has successfully undergone a comprehensive security audit conducted by **ExVul**, a leading blockchain security firm specializing in smart contract assessments across Ethereum, BNB Chain, Sui, Solana, and other networks.
**Security & Compliance**
* The audit ensures **enhanced security** and **reliability** for the Electra DEX ecosystem.
* It is a **critical step** toward maintaining a **secure** and **trustworthy** decentralized trading environment.
* The audit reflects Electra’s commitment to **transparency.**
📄 [**View the Full Audit Report**](https://github.com/EXVUL-Sec/AuditReport/blob/main/Smartcontract/Electra%20Smart%20Contract%20Audit%20Report-Exvul.pdf)
The full audit report is publicly available on **ExVul**, providing transparency and verification of Electra’s security measures.
# 1.7 Airdrop Checker FAQ
***
## Airdrop Checker Issues in TMA (Telegram Mini App)
### 1. Trouble Connecting a TON Wallet
**Q: Why can't I connect my TON wallet?**\
**A:** Currently, there's a known issue with wallet connections in the Telegram Mini App (TMA). Our team is actively working on resolving this and we appreciate your patience.
***
### 2. Low or Zero ELT Rewards
**Q: I have millions of game points. Why did I receive so few ELTs?**\
**A:** ELT rewards depend on overall activity, not just game points. If you didn’t actively complete game tasks, farmed points or trade on the platform, the conversion rate will be minimal.
**Q: I completed authentication but received 0 ELT. Why?**\
There are two possible reasons:
**a) Your game points are missing from the airdrop page:**
* You may have missed the limited-time claim window when transitioning from **Game → Trading Terminal**.
* Or, you may have connected a different TON wallet than the one used for the game.
Check the **Referral Page** to confirm if your game points were claimed.
**b) You see your game points, but still 0 ELT:**\
Some users did not meet the reward criteria. This includes:
* Not completing core tasks
* No farming activity in the game
* No referral activity
* Earning points through dishonest methods
If you fall into one of these categories, unfortunately, you won't be eligible for ELTs.
***
### 3. Endless Loading When Clicking "Follow"
**Q: Why do I get stuck on an endless loading screen when clicking "Follow"?**\
**A:** This usually happens if you're using multiple wallets or Telegram accounts. The TMA assigns wallets separately, so mismatches can cause this issue.
#### Scenario A: One Telegram account, two wallets
If you've authenticated and checked the airdrop with **Wallet 1**, and now want to switch to **Wallet 2**:
1. Unsubscribe from `t.me/electra_channel` (if subscribed with Wallet 1).
2. Re-authenticate using **Wallet 2**.
3. To avoid repeating this process, consider using **two separate Telegram accounts**, each tied to one wallet (you'll need an extra SIM card or phone number).
#### Scenario B: Two Telegram accounts, two wallets
For smoother switching:
1. Log out of **Telegram Account #1**.
2. Stay logged in on **Telegram Account #2**.
3. Connect **Wallet #2** to **Telegram Account #2**.
4. Log out of Account #2.
5. Log back into **Telegram Account #1** and connect it with **Wallet #1**.
> **Tip:** For the TMA version (where game points are claimed), always use the **same Telegram account** used during gameplay.
***
### 4. Missing Game Points (While Trade Points Are Visible)
**Q: Why can’t I see my game points even though trade points are visible?**\
**A:** This often happens when using an **EVM wallet** (e.g., MetaMask, Trust Wallet, Rabby) for trading. These wallets cannot sync with the TMA or TON Wallet.
* **Game points are only visible in the TMA version** and only when using a **TON wallet**.
* If you want to check the airdrop status for both EVM and TMA, you must use **two separate Telegram accounts**.
***
# 1.8 Grid Bot
The **Grid Bot** automates trading to capitalize on price fluctuations within a defined range. It systematically places buy and sell orders at specific intervals, capturing profits as the market moves.
***
### When to Use a Grid Bot
The Grid Bot is particularly effective in sideways or range-bound markets. It continuously buys at lower price points and sells at higher ones, making consistent profits from market fluctuations within your specified range.
***
### Features Overview
| Feature | Description |
| -------------------- | ---------------------------- |
| Leverage | Cross / x10 |
| Grid Count | 2–30 (Arithmetic grids only) |
| Editable Post Launch | No |
| Termination | Anytime |
| Order Visibility | Only within Grid Bot panel |
***
### Creating Your Grid Bot
#### 1. Select Leverage & Trading Mode
* Leverage: Cross margin, shared with manual trades
* Modes available: Neutral, Long, Short
> If you currently have a manual x10 position, the bot will automatically adopt this leverage.
***
#### 2. Set Price Range & Grid Number
* Define your **Lower Price** and **Upper Price** limits.
* Select grid count (between 2 and 30).
* Grid spacing is Arithmetic (equal intervals).
***
#### 3. Allocate Your Investment
* Set your total investment amount using the slider or numeric input.
* Real-time account overview includes:
* Equity
* Reserves
* Margin Level
* Effective Leverage
***
### Monitoring Your Active Bot
Once active, you'll see:
* Investment amount
* Configured price range
* Number of grids
* Live PnL tracking
* A quick termination option
> You can terminate your Grid Bot at any time to close all orders and secure profits or minimize losses.
***
### Frequently Asked Questions
**Q:** Can I use the bot with an existing x10 manual position?\
**A:** Yes, it automatically shares leverage.
**Q:** What is the maximum number of grids?\
**A:** From 2 to 30 grids.
**Q:** Can I track bot orders in the Open Orders tab?\
**A:** No. Bot orders are managed exclusively within the bot panel.
**Q:** Is the bot leverage separate from manual positions?\
**A:** No, leverage is shared across positions.
**Q:** Can I edit settings after launching the bot?\
**A:** No, editing is unavailable post-launch—only termination is allowed.
***
# Electra Trading School
# 2.1 What Are Perpetual Futures?
#### Decentralization and Security
Electra operates on a decentralized architecture, offering robust data protection and complete privacy. All you need to trade is a wallet. Your funds remain under your control, and the platform ensures the security of every transaction.
Electra merges the advantages of decentralized exchanges (DEX) with the user-friendliness of centralized exchanges (CEX), making it an ideal choice for perpetual futures trading.
# 2.2 Competitive Advantages of Electra for Perpetual Futures Trading
1. Instant Web3 Wallet Integration
Electra supports direct connections with any Web3 wallet, including MetaMask and WalletConnect, ensuring seamless and secure access to decentralized trading. No registration, KYC, or sharing of personal information with third parties is required.
2. High Liquidity
Electra combines proprietary liquidity data with sources from leading centralized exchanges(CEX) like Binance, OKX, and others. This ensures maximum order book depth and minimal spreads, often achieving zero or even negative spreads. Such a system guarantees swift and precise order execution, even during high trading volumes, while minimizing slippage risks.
3. Flexible Leverage
Electra offers leverage options ranging from 1x to 100x, allowing users to tailor their trading strategies to suit their preferences, from low-risk approaches to aggressive tactics.
4. Low Fees
Electra provides one of the most competitive fee structures in the market:
* Funding Fees: Fixed at -0.01% per day.
* Maker/Taker Fees: 0.02% and 0.04%, respectively, significantly lower than many similar platforms.
5. Innovative User Interface. Electra integrates TradingView charts, offering industry-standard tools that include:
* A full suite of indicators.
* Intuitive analysis tools.
* Customizable chart options for optimal user convenience.
The interface supports easy placement of market, limit, and stop orders, making the platform equally user-friendly for both professionals and beginners.
#### 6. Automatic Risk Management
Electra's platform features an advanced automatic risk management system designed to ensure that traders never incur a negative balance. Here's how it works:
**A. Real-Time Margin Monitoring**
The system continuously tracks the margin levels of traders' accounts.\
If the balance approaches a critical minimum, users receive a warning to top up their margin and protect their open positions.
**B. Forced Position Closure**
If the margin level falls below the maintenance threshold and the user does not take action, the system automatically closes positions.\
This prevents losses from escalating into a negative balance.\
**Insurance Fund Usage**
In cases of sudden market movements exceeding the margin level, the platform's insurance fund covers potential losses.\
This ensures that users are not held financially responsible for amounts exceeding their deposit.
**Cross-Margin System**
Electra employs a cross-margin mechanism, utilizing the entire available balance to maintain open positions.\
This provides additional protection against liquidation.
#### Why It Matters
This system allows traders to operate with confidence, knowing their risks are capped at their deposited funds. It is especially valuable for New traders exploring leveraged trading and Experienced traders operating in highly volatile markets.
Electra ensures a secure and convenient trading experience, even in the most unpredictable market conditions.
#### 7. Decentralization and Security
Electra operates on a decentralized architecture, offering robust data protection and complete privacy. All you need to trade is a wallet. Your funds remain under your control, and the platform ensures the security of every transaction.
Electra merges the advantages of decentralized exchanges (DEX) with the user-friendliness of centralized exchanges (CEX), making it an ideal choice for perpetual futures trading.
# 2.3 Trading Fees on Electra
#### 2.3.1 Maker and Taker Fees on Electra
#### Important: Current vs. Upcoming Fees
* **Right now**, Electra charges the **same flat fee of 0.04%** for **all trades**, whether you're a **Maker** (adding liquidity) or a **Taker** (removing liquidity).
* **Soon**, Electra will introduce a **dual fee structure** that will apply different fees to Makers and Takers to better support market liquidity. This new model will distinguish between Maker Fees for users who provide liquidity and Taker Fees for those who withdraw it. By adopting this widely used industry practice, Electra aims to boost market liquidity and incentivize more active trading on the platform.
**Upcoming Dual Fee Structure**
Maker Fee (Liquidity Creators)
* Rate: 0.02%
* This fee applies when you place a limit order that does not execute immediately but adds to the order book, thereby increasing the platform's available liquidity.\
\
Important Note: When placing any order, a commission of 0.04% is signed upfront. However, if the order is executed as a Maker (by adding liquidity to the order book), the actual fee charged is 0.02%. This is due to the nature of decentralized exchanges, where the maximum possible fee is reserved in advance via smart contracts.
* Example: If you set a buy or sell price that does not yet match current market offers, your order becomes available to other participants and contributes to liquidity. You can see your order in the order book, where it awaits execution by other traders.
Taker Fee (Fee for Order Executors)
* Rate: 0.04%
* This fee applies when you place an order that executes immediately, removing liquidity from the order book. This applies to market orders or limit orders that immediately match with existing orders.
* Example: If you buy or sell at the current market price, your trade falls under the Taker category.
Examples of Fee Calculation:
* Maker: You place a limit order to buy BTC worth $10,000, adding liquidity. The fee will be $10,000 × 0.02% = $2.
* Taker: You buy BTC at the market price for the same amount. The fee will be $10,000 × 0.04% = $4.
Electra Fee Highlights:
* Fees are fixed and deducted automatically. All paid fees can be viewed in the "Order History" section.
* The split fee system incentivizes participants to add liquidity, making trading more stable and profitable for all.
* The transparent structure enables traders to plan expenses in advance.
2.3.2 Funding Fees on Electra
Funding Fees are applied on Electra to maintain balance between long and short positions in futures contracts. This mechanism helps align the platform's price with the underlying spot market, preventing significant deviations.
Key Features of Funding Fees:
* Daily Rate: On Electra, the rate is -0.01% of the position size, applied daily. A floating Funding Rate (FR), including positive values, will be introduced in the future, depending on market conditions and the balance between long and short positions.
How It Works:
* Funding Fees are exchanged between market participants (traders) holding long and short positions.
* * Example: If the Funding Fee is negative (-0.01%), traders with short positions pay this amount to traders with long positions. If the Funding Fee is positive (e.g., +0.01%), long positions pay this amount to short positions.
Fee Calculation Formula:
* Funding Fee = Position Size × 0.0001
* * Example: Position size $10,000. Funding Fee = $10,000 × 0.0001 = 1 USDT. A trader with a short position pays 1 USDT to the holder of a long position.
Key Features:
* Funding Fees on Electra are calculated dynamically and proportionally to the time a position is held. Unlike systems with fixed charge times (rollovers), there are no specific deduction or credit moments. Instead, the funding fee is charged continuously, with the total amount deducted when the position is closed.
* Funding Fees are not retained by the Electra platform; they are a redistribution mechanism between traders.
Why It Matters:
* Funding Fees prevent excessive deviations of futures prices from the underlying market, maintaining market efficiency. This is particularly important during periods of high volatility when supply-demand balance may be disrupted.
Electra ensures transparency in charges by providing users with precise details on accrued fees for open positions, as well as in order history.
2.3.3 Liquidation Fees on Electra
When a position is liquidated on Electra, a fee ranging from 0.5% to 2% of the liquidated position volume is charged.
* Fee Size: Depends on market conditions and trade volume.
* Usage: Covers operational costs and redistributes liquidated assets within the system.
2.3.4 Gas Fees for Smart Contracts
Gas fees on the Electra platform are only charged for deposits and withdrawals.
Key Points:
* Gas fees depend on the selected blockchain network (e.g., fees on BSC are significantly lower than on Ethereum).
* Your funds remain fully under your control, and you only pay for actual transfers between your wallet and the platform.
2.3.5 Margin Deposit/Withdrawal Fees\
Margin deposit and withdrawal fees are also tied to gas payments in the selected blockchain network.
Key Points:
* The fee amount depends on the current network load and transaction complexity.
* On platforms with low fees like BSC, transfer costs are significantly lower.
Example Fee Calculation on Electra:
* Depositing Funds: A trader pays a gas fee (e.g., $0.50 on BSC).
* Opening and Holding a Position: No additional gas costs, only standard trading fees and funding fees apply.
* Closing a Position: Only trading fees are charged, without extra gas costs.
* Withdrawing Funds: Gas fees depend on the chosen network (e.g., $1 on Ethereum or $0.20 on BSC).
Key Advantage of Electra:\
Traders pay for smart contract usage only during fund transfers, making trading economical and transparent.
# 2.4 Overview of Primary Order Types on Electra
Market Orders:
* Description: A market order is an instruction to buy or sell an asset at the current market price available on the exchange. This type of order is executed immediately by matching with existing limit orders in the order book.
* Advantages: Instant execution.
* Disadvantages: Potential for slippage, especially in low-liquidity markets.
**Limit Orders:**
* Description: A limit order is an instruction to buy or sell an asset at a specified price or better. It does not execute immediately but is placed in the order book, waiting for a matching order to meet its conditions.
* * Buy Limit: Purchase at the specified price or lower.
* Sell Limit: Sale at the specified price or higher.
* Advantages: Control over the execution price.
* Disadvantages: Execution is not guaranteed if the market does not reach the specified price.
**Stop-Limit Orders:**
* Description: A stop-limit order combines a stop order and a limit order. It is activated when the market price reaches the specified stop price, triggering the creation of a limit order at the specified execution price.
* * Example: Stop price: $10,000. Limit price: $10,050. When the asset price reaches $10,000, a limit order is placed to buy/sell at $10,050.
* Advantages: Flexibility in risk management and trade automation.
* Disadvantages: The order may not fully execute if the market moves quickly beyond the limit price.
These order types provide traders with flexibility and control over their trades, enabling adaptation to various market conditions. Selecting the appropriate order type depends on your strategy, goals, and current market situation.
**Stop-Loss (SL):**
* Description: A stop-loss is an order that automatically closes your position when the price reaches a specified level to limit potential losses.
* How it works: Set a price level below (for long positions) or above (for short positions) the current market price. Once this level is reached, the position is closed.
* Advantages:
* * Protects capital from excessive losses.
* Automates risk management even when you’re away from the terminal.
**Take-Profit (TP):**
* Description: A take-profit order automatically closes your position when the price reaches a target level, locking in profits.
* How it works: Set a price level above (for long positions) or below (for short positions) the current market price. Once this level is reached, the position is closed.
* Advantages:
* * Locks in profits at a pre-defined level.
* Mitigates risks associated with price pullbacks after hitting the target.
**General Points:**
* SL/TP orders can be set when opening a position or edited later.
* SL/TP are executed at market price to ensure prompt execution once the specified level is reached.
* Both SL and TP orders can be set simultaneously for comprehensive position management.
Example:
* You have a long position on BTC, opened at $30,000.
* * You set a Take-Profit at $35,000 (+$5,000 profit).
* You set a Stop-Loss at $28,000 (-$2,000 loss).
* If the price reaches $35,000, your position automatically closes with a profit. If the price drops to $28,000, your position closes to limit losses.
These tools allow traders on Electra to effectively manage their positions, minimize risks, and lock in profits.
# 2.5 Futures Liquidation Protocols on Electra: Formula and Process
**2.5.1 Liquidation on Electra: Formula and Explanation**
Liquidation is the process of forcibly closing a trader's position when the margin level becomes insufficient to maintain the open position. This mechanism protects the exchange and other market participants from losses caused by a trader's inability to meet obligations. On Electra, liquidation is handled automatically through smart contracts that monitor the margin level on traders' accounts in real time.
**2.5.2 What is Liquidation?**
Reason for Liquidation:
* Liquidation occurs when a trader's margin level (available funds) drops below the maintenance margin required to keep the position open.
Key Causes of Liquidation:
* Sudden market movements against the open position.
* Excessive leverage usage.
* Inadequate margin account funding when the margin level declines.
Purpose of Liquidation:
* Minimize platform losses.
* Protect protocol liquidity and other traders.
**2.5.3 What Happens During Liquidation?**
Automatic Closure:
* When the asset price reaches the liquidation price, the smart contract closes the trader's position.
Funds Deduction:
If a position is liquidated due to insufficient margin, the funds in the margin account - including the deposit and unrealized profits/losses - are used to cover the position balance. This ensures platform stability and protects other market participants.
Liquidation Fees: A fee of 0.5% to 2% of the liquidated position size is charged upon forced closure.
* How it’s calculated: Fees depend on current market conditions and the size of the liquidated position.
* Purpose: Covers platform operational costs and supports the liquidation mechanism's sustainability.
Electra aims to make the process transparent and seamless. If you have questions or need assistance, our support team is ready to help.
Notifications:\
Traders receive a liquidation alert. Under cross-margin mode, the system may use the entire account balance to cover losses.
**2.5.4 Electra Futures Liquidation Protocols**
Cross-Margin:
* The entire margin account balance is used to cover losses on open positions.
* Liquidation occurs if the overall account balance drops below the maintenance margin.
Isolated Margin:
* A fixed amount of margin is allocated for each position.
* Liquidation affects only the specific position, not the entire account balance.
Liquidation Algorithms:
* Automated Liquidation: All operations are managed by smart contracts, eliminating third-party involvement.
* Liquidator Rewards: To stimulate liquidity, liquidators receive fees as rewards.
Dynamic Margin Management:
* Electra employs adaptive algorithms to minimize liquidation risks, accounting for market volatility.
2.5.5 Liquidation Formula (Cross-Margin)
For Long Positions (LONG):
For Short Positions (SHORT):
Example Calculation (LONG):
* Entry Price: $25,000 (BTC/USDT)
* Position Size: $10,000
* Margin Balance: $1,500
* Maintenance Margin: $500
* Liquidation Price: $22,500
2.5.6 Liquidation Fees on Electra
On the Electra platform, the liquidation fee varies depending on market conditions and the size of the position. This approach ensures a fair distribution of costs among the participants in the liquidation process.
Fee Range:
* Liquidation fees on Electra range from 0.5% to 2% of the liquidated position size.
Factors Influencing Fee Size:
* Position Size: Larger positions are more likely to incur fees closer to the upper limit.
* Market Liquidity: High volatility and low liquidity may result in higher fees to incentivize liquidators.
* Margin Type:
* * Isolated margin: Fees are calculated separately from the total account balance.
* Cross-margin: Fees account for the full amount of utilized funds.
Example Fee Calculation:
* Liquidated Position: $10,000
* Liquidation Fee: 1.5%
* Total Fee: $10,000 × 0.015 = 150 USDT
This fee is deducted from the trader's margin account and may include the liquidator's reward, which incentivizes the efficient processing of market operations. Electra strives for transparency, so all liquidation parameters and fees are available to traders in real-time.
**Conclusion**
Electra’s automated liquidation protocols ensure transparency and reliability. Traders must monitor their margin levels, especially when using leverage, to reduce the risk of liquidation. Smart risk management and diversified positions help preserve capital even in volatile market conditions.
# 2.6 How to Reduce the Risk of Liquidation on Electra
Liquidation occurs when the margin in your account becomes insufficient to maintain your open position. To avoid this scenario and minimize the risk of liquidation, consider the following strategies:
1. **Use Moderate Leverage**
* Impact of leverage: Higher leverage reduces your safety margin and brings the liquidation price closer.
* Recommendation: Choose leverage that matches your experience level and strategy. Beginners should start with low leverage (e.g., 2x–5x).
2. **Monitor Your Margin**
* Regular checks: Frequently review your margin level and top it up if necessary.
* Safe zone: Ensure your Margin Ratio stays in the safe zone to prevent automatic position closure.
3. **Set Stop-Loss Orders**
* Automated protection: Place stop-loss orders to automatically close positions when a certain price is reached.
* Benefit: This limits your losses and preserves your deposit, even if the market moves against you.
4. **Diversify Your Positions**
* Reduce concentration risk: Avoid allocating all your capital to a single position or asset.
* Risk mitigation: Distribute funds across multiple trades to lower the overall risk of liquidation.
5. **Avoid Trading in Highly Volatile Markets**
* Volatility risk: Markets with high volatility can quickly move against your position, especially with high leverage.
* Timing matters: Plan trades during periods of lower volatility and stay informed about market news.
6. **Regularly Monitor the Market**
* Position updates: Frequently check your open positions and market trends.
* Use analysis tools: Apply technical analysis to anticipate potential price movements and adjust your positions accordingly.
7. **Maintain a Reserve Balance**
* Buffer funds: Keep part of your funds as a free balance in your account.
* Advantage: This helps prevent forced position closures during minor price fluctuations.
8. **Risk Only What You Can Afford to Lose**
* Capital management: Invest only what you are prepared to lose.
* 2%–5% rule: Limit each trade to affect only a small portion of your deposit, typically 2%–5%.
9. **Trade with a Cool Head**
* Avoid emotional trading: Stay disciplined and avoid trading under the influence of greed or fear.
* Stick to your strategy: Don’t increase leverage impulsively in an attempt to recover losses.
By following these tips, you can significantly reduce the likelihood of liquidation and protect your investments on the Electra DEX platform.
# 2.7 Automatic Negative Balance Reset on Electra
**What Is It? The automatic negative balance reset is a feature designed to protect users from incurring debts on the Electra platform due to sudden price movements or position liquidations.**
**How Does It Work?**
* Negative balance scenario: A negative balance arises when a position liquidation fails to cover a user's obligations, often due to high market volatility.
* Reset mechanism: In such cases, Electra automatically resets the negative balance, ensuring users don’t end up in debt.
* Risk coverage: The platform uses mechanisms funded by liquidation fees and other operational charges to address these shortfalls, effectively managing risks and maintaining platform stability for all participants.
* Electra is committed to transparency and is always available to address any questions you may have about this process.
**Key Features**
1. No Debt to the Platform: Users are not liable for covering losses beyond their deposit. This ensures safety and comfort while trading.
2. Insurance Fund Utilization: Electra maintains an insurance fund to cover negative balances. This fund is replenished through liquidation fees and other operational charges.
3. Ecosystem Protection: Negative balance resets prevent users from accumulating debts. This contributes to platform stability and fosters trust within the community.
**Benefits for Traders**
* Reduced Financial Risks: Even in highly volatile conditions, users are shielded from incurring debts.
* Transparency: The automatic reset mechanism and the insurance fund are fully integrated into Electra's ecosystem, ensuring predictability.
* Increased Confidence: Users can trade with greater peace of mind, knowing their risk is limited to their account balance.
**Why Is This Important? The automatic negative balance reset feature is particularly crucial in highly volatile markets, where price swings can be significant. Electra ensures that even in extreme market conditions, users are not burdened with additional payments.**
This mechanism makes trading on Electra safer and more appealing to both novice and experienced traders.
# 2.8 How to Adjust Leverage on Electra
Electra provides flexible leverage management, allowing traders to choose leverage levels from 1x to 100x, depending on their strategy and risk tolerance. Here's a detailed guide to setting up leverage on the platform.
**What Is Leverage? Leverage enables traders to amplify their trading positions using borrowed funds. While it can significantly boost profits, it also magnifies losses, making prudent use of leverage essential.**
**How to Set Up Leverage**
1. Log in and Connect Your Wallet
2. * Access the Electra platform and ensure your wallet is connected.
3. Go to the Futures Trading Page
4. * Navigate to the "Futures" tab in Electra's trading interface.
5. Select a Trading Pair
6. * Choose the asset pair you wish to trade, such as BTC/USDT or ETH/USDT.
7. Adjust the Leverage
8. * Locate the "Leverage" field near the position size input box.
* Use the slider or manually input the desired leverage level (e.g., 10x, 50x, or 100x).
**Key Features of Leverage Adjustment on Electra**
* Flexibility: Adjust leverage both before opening a position and for existing positions.
* Risk Levels by Leverage:
* * 1x–10x: For conservative traders.
* 20x–50x: Moderate risk for active trading.
* 50x–100x: High risk, suitable for experienced traders handling volatility.
* Margin Requirements: Higher leverage reduces the margin needed to open a position but increases liquidation risk.
**Tips for Using Leverage**
1. Start Low: Beginners should stick to leverage up to 5x to minimize risks.
2. Assess Risk: Ensure your position size aligns with your capital management strategy.
3. Monitor Liquidation: High leverage increases the likelihood of liquidation. Use stop-loss orders to safeguard your assets.
**Why Is This Important?**
Proper leverage adjustment helps traders manage capital and risk effectively, maximizing returns on successful trades. However, high leverage not only offers potential rewards but also carries significant risks.
Electra’s intuitive leverage setup makes it easy for traders of all experience levels to utilize this tool confidently and responsibly.
# 2.9 What Is Slippage?
Slippage occurs when the execution price of an order differs from the expected price. This phenomenon is most common during periods of high market volatility or low liquidity.
**How Does Slippage Work?**
When you place an order to buy or sell an asset, the system aims to execute it at the best available price. However, if the asset’s price changes rapidly or there aren’t enough orders in the order book, your order might be executed at a price different from the one you initially specified.
Example:
* You place a market order to buy BTC at $30,000.
* By the time the order is executed, the price has increased to $30,050.
* The $50 difference is the slippage.
**Main Causes of Slippage**
1. High Volatility:
2. * Rapid price movements can result in the asset’s current price changing before your order is executed.
3. Low Liquidity:
4. * If there aren’t enough buy or sell orders in the order book, large orders may "move through" multiple price levels, altering the final execution price.
5. Use of Market Orders:
6. * Market orders are executed at the best available price, making them more prone to slippage, especially during low-liquidity periods.
**Types of Slippage**
1. Positive Slippage:
2. * The order is executed at a more favorable price than expected (rare but possible).
3. Negative Slippage:
4. * The order is executed at a less favorable price than expected (more common).
**How to Minimize Slippage**
1. Use Limit Orders:
2. * Limit orders execute only at your specified price or better, preventing unexpected deviations.
3. Trade on Liquid Markets:
4. * Choose markets with high liquidity, where the number of buyers and sellers minimizes price gaps.
5. Avoid Trading During High Volatility:
6. * Events like economic news releases can drastically increase slippage risks.
7. Monitor Order Size:
8. * Large orders can impact the market, especially on platforms with low liquidity.
**Why Is Slippage Important?**
Slippage can significantly affect a trader's profits or losses, especially with frequent trading. Understanding and managing the risks of slippage is crucial for success in markets like futures or spot trading.
Electra is dedicated to minimizing slippage by providing high liquidity and a robust trading infrastructure, ensuring a smoother trading experience for all users.
# 2.10 How to Use the Order History Feature on Electra
The Order History feature on Electra provides users with a detailed overview of all past trades, including executed, canceled, and active orders. It’s a handy tool for analyzing trading activity, tracking order execution, and making informed future decisions.
**Where to Find Order History**
On the Web Platform:
1. Navigate to the "Trading" section.
2. Find the "Order History" tab in the lower panel of the interface.
3. Use filters to specify a time range, asset, or order type for refined data.
**What’s Displayed in Order History?**
* Time and Date: When the order was created or executed.
* Order Type: Limit, market, or stop-limit.
* Trading Pair: For example, BTC/USDT.
* Price: Specified price for limit or stop orders.
* Quantity: The volume of the asset included in the trade.
* Order Status: Executed, partially executed, or canceled.
* Fees: Transaction fees (e.g., Maker/Taker fees).
* Side: Buy or Sell.
* Funding Rate (FR): Financing charges or credits applied during position holding, shown for full transparency.
**How to Use the Order History for Analysis**
1. Track Performance:
2. * Identify trades with the highest profit.
* Pinpoint unsuccessful trades to avoid repeating mistakes.
3. Plan Strategies:
4. * Compare current trading activity to past periods.
* Evaluate how market condition changes impacted previous trades.
5. Monitor Fees:
6. * Check the fees paid for each trade.
* Optimize the use of tools like limit orders to reduce costs.
7. Prepare for Tax Reporting:
8. * Order history can be used to report income and pay taxes.
**Additional Features**
1. Export Data:
2. * Electra allows exporting order history as CSV or Excel files for deeper analysis or record-keeping.
* Find the "Export" button in the Order History section.
3. Filters:
4. * Apply filters by trading pairs, order types, time, or status for quick searches.
5. Real-Time Updates:
6. * Order history is updated in real-time, allowing you to monitor all changes instantly.
**Why Is Order History Important?**
The order history helps traders understand their trading habits, manage risks, and optimize strategies. On Electra, this feature is a vital tool for achieving transparency, maintaining control, and succeeding in trading.
# 2.11 Order Errors on Electra: Causes and Solutions
During trading on Electra, users may encounter issues with placing, executing, or canceling orders. These errors can arise from technical, system-related, or user-specific reasons. Below is an overview of the most common issues and ways to resolve them.
**1. Insufficient Funds**
* Description: Occurs when your balance is insufficient to place an order, including fees.
* Solution:
* * Check your wallet balance on Electra. Ensure you have additional funds to cover fees.
* Top up your balance if necessary.
**2. Leverage Exceeded**
* Description: You are attempting to use leverage that exceeds the allowed level for the selected trading pair.
* Solution:
* * Check the leverage settings in the order section. Ensure the selected leverage is within the permissible range.
* Lower the leverage or reduce the position size.
**3. Incorrect Price or Order Volume**
* Description: This error occurs if the entered price or order volume does not meet the minimum or maximum requirements for the trading pair.
* Solution:
* * Verify the minimum and maximum limits for the trading pair, which are displayed on the order page.
* Adjust the price or volume to comply with platform rules.
**4. Slippage Error**
* Description: When using a market order, the asset's price changes during execution, leading to deviations from the desired value.
* Solution:
* * Use a limit order instead of a market order to avoid slippage.
* If available, set a maximum allowable slippage limit.
**5. Network or Technical Error**
* Description: This can occur due to unstable internet connections or temporary server overloads on Electra.
* Solution:
* * Check your internet connection and try refreshing the page or app.
* If the issue persists, contact Electra support, providing the error time and screenshots if possible.
**6. Open Interest Limit Reached**
* Description: The maximum allowed open positions for a specific asset has been reached.
* Solution:
* * Check the current open interest limit for the trading pair.
* Close some existing positions or select a different trading pair.
**7. Order Cancellation Error**
* Description: The system does not allow the cancellation of an order due to partial execution or technical restrictions.
* Solution:
* * Check the order status: if partially filled, you can only cancel the remaining portion.
* Contact Electra support if the issue is unresolved automatically.
**8. Liquidation System Error**
* Description: If your position lacks sufficient margin, it may be liquidated, but the system might report an error during the process.
* Solution:
* * Check the order history and balance to confirm that the liquidation was executed correctly.
* Reach out to Electra support for clarification.
#### Tips for Preventing Errors
1. Verify Parameters: Double-check all entered data - price, volume, order type, and leverage - before confirming your order.
2. Update the Interface: Regularly refresh the Electra page or app to access the latest market information.
3. Reserve Funds: Keep extra funds in your account to cover fees and unexpected price fluctuations.
4. Learn the System: Use Electra’s educational materials and FAQs to better understand the platform’s functionality.
The order function on Electra is a powerful and flexible trading tool, but understanding potential errors and their solutions helps minimize risks and enhances user experience.
# 2.12 Referral Program
***
### What Is Our Referral Program?
Our referral program lets you earn USDT commissions and bonus points by inviting friends to trade on our platform. Every time your referrals trade, you earn a percentage of their trading fees in USDT, plus 12.5% of the points they accumulate. The more active referrals you have, the higher your rewards.
### How Much Can You Earn?
Your earnings depend on your role and what you are earning from:
#### USDT Commissions (Trading Fees)
* Affiliate – 25%
* Earns 25% from direct referrals' trading fees.
* Does not earn from other Affiliates at the same level.
* Standard User – 10%
* Earns 10% from direct referrals' trading fees.
#### Points Referral Earnings
* Earn 12.5% of the points accumulated by your direct referrals.
* Points can be used for in-app rewards, raffles, or other platform benefits.
#### Example:
* If your referral generates $100 in trading fees, you earn:
* $25 USDT if you’re an Affiliate (25%).
* $10 USDT if you’re a Standard User (10%).
* If your referral earns 1,000 points, you get 125 points (12.5%).
### How to Sign Up for the Referral Program?
Joining is easy:
1. Connect your wallet..
2. Go to the Referral page.
3. Generate your unique referral link.
4. Share it via social media, email, or direct messages.
5. Track your earnings through the referral dashboard.
### When and How Are Commissions Paid?
* All commissions are paid in USDT.
* Earnings from commissions are directly added to your account.
* You can withdraw them 24 hours after the most recent trade commission is earned.
* You can track the 24-hour countdown in the claim section on the referral page.
* Alternatively, you can choose to reinvest these earnings into trading at any time.
#### Points Earnings
* Referral points are credited instantly as your referrals earn them.
* Points can be used for rewards, raffles, and other platform benefits.
### Why Join the Referral Program?
* Earn USDT commissions and points rewards for every referral.
* Commissions are paid in USDT, ensuring stable and reliable earnings.
* Unlimited earning potential—the more you refer, the more you earn.
***
\
# Electra Tournaments
***
**Electra TRADING SQUAD GAMES – Season 1 Has Concluded!**
Over two action-packed weeks, traders from around the world came together to compete, strategize, and showcase their skills in the electrifying first season of Electra Trading Squad Games. From seasoned pros to rising stars, squads battled it out on the leaderboard, taking on daily challenges and seizing every opportunity to win incredible rewards.
The competition was fierce, the energy was high, and the results were nothing short of impressive. Thank you to everyone who participated and made this season a success.
Stay tuned – this is just the beginning. More challenges, more rewards, and more excitement are on the horizon.
**Until next time – keep trading, keep winning!**
# SQUAD Games Season 2
***
**Electra TRADING SQUAD GAMES – Season 2 Is Here!**\
\
Get ready — Electra Trading Squad Games is back, and Season 2 is bigger, bolder, and more rewarding than ever!\
\
From **May 26 to June 9**, squads will battle for dominance, tackle new challenges, and compete for a massive prize pool — including up to $100,000 in stablecoins and $100,000 in bonus rewards.\
Whether you're a seasoned competitor or a new challenger, this is your chance to showcase your skills, climb the leaderboard, and win incredible prizes.\
Gather your squad. Strategize. Trade hard.\
\
The arena is open — let the games begin! 🏁
***
# General Rules
## **Tournament Rules & Guidelines**
#### **Eligibility**
✔ The tournament is **open to all registered users** who have **created or joined squads**.
#### **Code of Conduct**
✔ Participants must maintain **respectful and professional behavior** throughout the competition.\
✔ Any form of **harassment, cheating, or misconduct** may result in disqualification.
#### **Disputes & Fair Play**
✔ Any **disputes or issues** will be **resolved by the tournament organizers**.\
✔ **All decisions made by the organizers are final** and cannot be appealed.
#### **Updates & Announcements**
✔ **Rules and guidelines** are **subject to change** at any time.\
✔ Participants are responsible for **staying informed** about any **updates or official announcements**.
***
# How to Participate
## **Step-by-Step Guide to Participate in the Electra Squad Trading Tournament**
### **🛠 Step 1: Create or Join a Team**
#### **Option A: Creating Your Own Team**
✔ Fill out the [**application form**](https://forms.gle/s9AH6tp97d3xWMjw8):
* **Team Name:** Choose a unique name (*e.g., "CryptoTitans"*).
* **Team Description:** Provide a brief description (*optional but helps attract members*).
* **Telegram Contact:** Enter your **Telegram username** for communication.
* **Wallet Address:** Input your **Web3 wallet address**.
* **Submit** the form to create your team.
* Once your team is created, you’ll receive a **referral link** to **invite participants**.
***
**Option B: Joining an Existing Team**
✔ **Find a team on your own:**
* Open the **Leaderboard** on the tournament page.
* Choose a **team of interest**.
* Click **"Join Team"** or request a **referral link** from the leader.
✔ **Join via a referral link:**
* Obtain a **referral link** from a **team leader**.
* Click the link and **log in** to your account.
* Confirm your request to **join the team**.
> **⚠ Important:** Once you **join a team, you cannot leave or switch teams** during the tournament.
***
### **🔗 Step 2: Connect Your Web3 Wallet**
#### **1️⃣** Don’t have a wallet? Choose a supported one
You can choose from a wide range of supported Web3 wallets, including:\
✔ **MetaMask**\
✔ **Trust Wallet**\
✔ **Rabby**\
✔ **WalletConnect**\
✔ **SafePal**\
✔ **Bitget Wallet**\
✔ **TON Wallet**\
\
...and many more.
#### **2️⃣ Install & Set Up Your Wallet**
✔ Download and install the **wallet** on your **PC or mobile device**.\
✔ **Create a new wallet** or **import an existing one**, following the developer's guidelines.
#### **3️⃣ Connect to the Tournament**
✔ On the **tournament page**, click **"Connect Wallet"**.\
✔ Choose your **wallet provider** from the list.\
✔ Confirm the **connection** through your wallet interface.
***
### **💰 Step 3: Deposit Funds**
✔ **After** **connecting your wallet** to **Electra Trade**.\
✔ Navigate to the **"Deposit"** section.\
✔ **Minimum deposit requirement:**
* **For squad creators:** **100 USDT**.
> **⚠ Important:** Ensure that **your funds are credited before the tournament starts**.
***
### **📈 Step 4: Start Trading**
#### **1️⃣ Get Familiar with the Platform**
✔ Explore **available trading pairs and assets**.\
✔ It’s recommended to start with **highly liquid pairs** (*e.g., BTC/USDT*).
#### **2️⃣ Execute Trades**
✔ Select an **asset** you want to trade.\
✔ Choose the **trade type** (*buy or sell*).\
✔ Specify the **amount** and **confirm the trade**.
#### **3️⃣ Develop a Trading Strategy**
✔ Stick to your **own strategy** or follow **expert advice**.\
✔ All trades must be executed **within the Electra Trade platform**.
***
### **📊 Step 5: Track Your Progress**
#### **1️⃣ Leaderboard**
✔ Go to the **"Leaderboard"** tab on the **tournament page**.\
✔ Here you can track:
* **Your team’s ranking**.
* **Individual performance** of team members.
#### **2️⃣ Other Bonuses & Challenges**
✔ Organizers may announce **challenges**, such as:
* **Best and Worst Trade of the Day** 🏆
* **Highest Trading Volume** 📈
* **Flash Challenges** ⚡
#### **💎 How to Earn Bonuses?**
✔ Stay updated with **announcements** on the **tournament page**.\
✔ Complete the **required challenges**.\
✔ Earn **extra rewards**! 🎁
***
# Squad Formation
## **How to Create a Squad Before the Tournament Starts**
✔ Squads are created **manually** by filling out an [**Application Form**.](https://forms.gle/s9AH6tp97d3xWMjw8)\
✔ Once submitted, you’ll receive a **referral link** to **invite members** and grow your squad.
#### **📌 What You’ll Need to Provide in the Form:**
📝 **Squad Name** (*This will appear on the leaderboard*).\
📄 **Squad Description** (*Visible in the squad page*).\
[🖼️](https://emojipedia.org/framed-picture) **Squad Picture** (Visible on the leaderboard).\
💬 **Telegram Account** (*For communication*).\
🔗 **Wallet Address** (*For verification*).
***
### ✅ **Squad Participation Mechanics**
\
✔ **Squad Lock-In:** Once a trader joins a squad, they **cannot leave or switch teams** during the tournament.\
✔ **Referral Links:** Traders **must use a referral link** from a **squad leader** or **organizer** to join a squad.
***
### **⏳ Tournament Requirements**
✔ **Minimum Squad Size:** Your squad must have **at least 10 members.**\
✔ **Squad Creator Deposit:** The **Squad Creator** must deposit **at least 100 USDT** on the exchange. *(Don't worry—your funds remain fully yours and won’t be locked or deducted! 💰)*
***
### **❌ What Happens to Squads with Fewer Than 10 Members?**
* Squads **with fewer than 10 members** will **NOT be eligible for prizes.**
***
# Squad Referral Links
## **How Squad Referral Links Work**
### **📌 What You Need to Know**
Referral links are **your key** to joining or creating a squad in the tournament.
✔ If someone **invites you** to their squad, they’ll send you a **referral link**.\
✔ By clicking the link and confirming your participation, you will be automatically added to their squad and enrolled in the referral system.
***
### **🔄 What Happens When You Click a Referral Link?**
1️⃣ A **confirmation window** will appear asking if you want to **join the squad**.\
2️⃣ **Confirm Participation:** Click to **join** the squad.\
3️⃣ **Cancel:** If you change your mind, simply **decline**—you won’t be added.
***
#### **⚠ Important Notes**
✔ If you’re **already part of a squad**, your current team **remains the same**.\
✔ The same logic applies to the **referral system**: If you **don’t have a “referrer”**, the inviter **becomes your referrer**.
***
### **✅ Confirming Your Squad Joining**
✔ You can **browse squads** on the **leaderboard** and choose one to join.\
✔ After selecting a squad, you must **confirm** your decision by clicking **"Join Squad"**.\
✔ *(Optional)* If you join via a **referral link**, you’ll **still need to confirm** your entry.
***
### **🚫 Can I Leave a Squad?**
* **Once you join a squad, you’re locked in for the duration of the tournament.**
* **You cannot leave or switch squads on one address.**
* **However you can always create or connect via another address and join other teams.**
***
# Tournament Prizes
***
**Total Prize Pool: Up to $200,000 in Stablecoins and Bonuses**\
Electra Squad Games are back — bigger, bolder, and packed with rewards. Assemble your squad, trade smart, and climb the leaderboard.
🏁 **Prize Pool Milestones**\
The prize pool grows with total trading volume across all squads:
* **Initial Unlock**: $20,000 in stablecoins + $20,000 in bonuses + 5M ELT Points at $50M total volume
* **Maximum Prize Pool**: $100,000 in stablecoins + $100,000 in bonuses at $1B total volume
Volume
50M
300M
400M
500M
600M
700M
800M
900M
1B
Prize Pool
$20K
$30K
$40K
$50K
$60K
$70K
$80K
$90K
$100K
Squad Rank 1
$7,500
$11,250
$15,000
$18,750
$22,500
$26,250
$30,000
$33,750
$37,500
Squad Rank 2
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
$20,000
Squad Rank 3
$3,000
$4,500
$6,000
$7,500
$9,000
$10,500
$12,000
$13,500
$15,000
Squad Rank 4
$2,500
$3,750
$5,000
$6,250
$7,500
$8,750
$10,000
$11,250
$12,500
Squad Rank 5
$1,750
$2,625
$3,500
$4,375
$5,250
$6,125
$7,000
$7,875
$8,750
Squad Rank 6
$1,250
$1,875
$2,500
$3,125
$3,750
$4,375
$5,000
$5,625
$6,250
* **Bonus rewards** (equal in value to stablecoin pool) include Electra bonus vouchers
* **Points per rank are fixed:**\
Rank 1 — 2M, Rank 2 — 1.25M, Rank 3 — 750k, Rank 4 — 500k, Rank 5 — 350k, Rank 6 — 150k
***
🏆 **Main Squad Rewards**
Top 6 squads with the highest combined trading volume will share the prize pool.
* The **top 20 traders** by volume in each winning squad share stablecoin rewards **proportionally**
* **All other members** with $10K+ volume in winning squads receive **bonus vouchers and ELT points**
💡 The more your squad trades, the bigger your share.
***
👤 **Individual PnL Challenge**
The **top 20 traders** across all squads ranked by **realized PnL** will split a **$5,000 USDT** prize pool — proportional to their performance.
***
📅 **Daily Challenges & Rewards**
Every day, individual traders can win rewards in three categories:
✔ Best Daily PnL\
✔ Highest Daily Volume\
✔ Worst Daily PnL (yes, we see you too 👀)
🏅 Each daily winner receives a **$50 Electra bonus voucher** (distributed after the end of the tournament)
***
📢 **How to Qualify**
To be eligible for *any* rewards:\
✔ You must be a **member or creator** of a squad\
✔ Your trades must meet the volume or performance criteria per category
***
⚠️ **Important Notes**
✔ All rewards in stablecoins (USDT) and Electra bonus vouchers\
✔ Bonus vouchers and ELT points are distributed proportionally\
✔ Prizes may take up to 14 days post-tournament to be credited\
✔ Follow official Electra updates for real-time info and leaderboard standings
***
# Copy of Tournament Schedule
🚀 **Tournament Starts:** **March 3, 2025, 14:00 UTC**\
🏁 **Tournament Ends:** **March 17, 2025, 21:00 UTC**\
💰 **Prize Distribution:** **March 25-27, 2025** 🔍 *(Check for final confirmation!)*
# Copy of Additional Tips for Beginners
#### 1. Read the FAQ
* Visit the official FAQ:[ Electra Trade Docs](https://docs.electra.trade/)
* Find answers related to rules, wallets, and technical aspects.
#### 2. Stay in Touch with Your Team
* Use Telegram or other communication tools for coordination.
* Discuss strategies and share experiences.
#### 3. Stay Updated
* Regularly check the tournament page for new challenges and bonuses.
***
### Quick Start Plan for Beginners
1. Connect a Web3 wallet (MetaMask, Trust Wallet, etc.).
2. Join a team using a referral link.
3. Deposit funds.
4. Start trading, focusing on popular pairs (e.g., BTC/USDT).
5. Monitor progress on the leaderboard.
6. Participate in challenges to earn additional rewards.
# FAQs
#### How do I create a squad?
Fill out the [Application Form](https://docs.google.com/forms/d/e/1FAIpQLSceOIixzCJSm9Gnuy49UK2npXM3Nj0rtNlmbzwiwaZWEYngRA/viewform?usp=headerhttps://docs.google.com/forms/d/e/1FAIpQLSceOIixzCJSm9Gnuy49UK2npXM3Nj0rtNlmbzwiwaZWEYngRA/viewform?usp=header) to register your squad. You’ll need at least 10 members.
The Squar Creator must have a minimum deposit of 100 USDT on the exchange. (Don’t worry - your assets won’t be locked or deducted; they remain fully yours.)
#### Can I switch squads after joining?
No, once you join a squad, you cannot leave or switch teams.
#### What happens if my squad doesn’t have 10 members?
Squads with fewer than 10 members will be hidden from the leaderboard and excluded from the tournament.
#### How are prizes distributed?
Prizes are distributed in USDT, Bonus vouchers and Points and shared among the top-performing squads and individuals. You can read more about it [here](https://app.gitbook.com/o/RhXmeMpr7XOhq6vcIkW6/s/0XnEzoeCStIoPgqXNSjB/~/changes/75/electra-tournaments/squad-games-season-2/tournament-prizes).\
\
**What is a Bonus?**
A bonus is a reward in USDT granted to winners. To claim it, users must reach a required trading volume. Once the condition is met, the bonus is automatically credited to their deposit account on the terminal. If the volume is not reached within 2 months, the bonus expires.
#### What wallets are supported?
You can connect with MetaMask, Trust Wallet, Rabby, WalletConnect, SafePal, Bitget Wallet and many others.
#### How do I track my results?
Use the "[Leaderboard](https://app.electra.trade/squads-season-2?tab=Leadeboard)" tab to view:
* Team rankings
* Individual performance
#### Where can I get help?
* Contact support via the feedback form on the site.
* Join the tournament’s Telegram channel for assistance.
# SQUAD Games Season 1
**Electra TRADING SQUAD GAMES – Season 1 Has Concluded!**
Over two action-packed weeks, traders from around the world came together to compete, strategize, and showcase their skills in the electrifying first season of Electra Trading Squad Games. From seasoned pros to rising stars, squads battled it out on the leaderboard, taking on daily challenges and seizing every opportunity to win incredible rewards.
The competition was fierce, the energy was high, and the results were nothing short of impressive. Thank you to everyone who participated and made this season a success.
Stay tuned – this is just the beginning. More challenges, more rewards, and more excitement are on the horizon.
**Until next time – keep trading, keep winning!**
# General Rules
## **Tournament Rules & Guidelines**
#### **✅ Eligibility**
✔ The tournament is **open to all registered users** who have **created or joined squads**.
#### **🤝 Code of Conduct**
✔ Participants must maintain **respectful and professional behavior** throughout the competition.\
✔ Any form of **harassment, cheating, or misconduct** may result in disqualification.
#### **⚖ Disputes & Fair Play**
✔ Any **disputes or issues** will be **resolved by the tournament organizers**.\
✔ **All decisions made by the organizers are final** and cannot be appealed.
#### **📢 Updates & Announcements**
✔ **Rules and guidelines** are **subject to change** at any time.\
✔ Participants are responsible for **staying informed** about any **updates or official announcements**.
***
# How to Participate
## **Step-by-Step Guide to Participate in the Electra Squad Trading Tournament**
### **🛠 Step 1: Create or Join a Team**
#### **📌 Option A: Creating Your Own Team**
✔ Fill out the [**application form**](https://forms.gle/A1ZeZFW9ZRuWPDqNA):
* **Team Name:** Choose a unique name (*e.g., "CryptoTitans"*).
* **Team Description:** Provide a brief description (*optional but helps attract members*).
* **Telegram Contact:** Enter your **Telegram username** for communication.
* **Wallet Address:** Input your **Web3 wallet address**.
* **Submit** the form to create your team.
* Once your team is created, you’ll receive a **referral link** to **invite participants**.
***
#### **📌 Option B: Joining an Existing Team**
✔ **Find a team on your own:**
* Open the **Leaderboard** on the tournament page.
* Choose a **team of interest**.
* Click **"Join Team"** or request a **referral link** from the leader.
✔ **Join via a referral link:**
* Obtain a **referral link** from a **team leader**.
* Click the link and **log in** to your account.
* Confirm your request to **join the team**.
> **⚠ Important:** Once you **join a team, you cannot leave or switch teams** during the tournament.
***
### **🔗 Step 2: Connect Your Web3 Wallet**
#### **1️⃣ Choose a Supported Wallet**
Select one of the following Web3 wallets:\
✔ **MetaMask**\
✔ **Trust Wallet**\
✔ **Rabby**\
✔ **WalletConnect**\
✔ **SafePal**\
✔ **Bitget Wallet**
#### **2️⃣ Install & Set Up Your Wallet**
✔ Download and install the **wallet** on your **PC or mobile device**.\
✔ **Create a new wallet** or **import an existing one**, following the developer's guidelines.
#### **3️⃣ Connect to the Tournament**
✔ On the **tournament page**, click **"Connect Wallet"**.\
✔ Choose your **wallet provider** from the list.\
✔ Confirm the **connection** through your wallet interface.
***
### **💰 Step 3: Deposit Funds**
✔ **After** **connecting your wallet** to **Electra Trade**.\
✔ Navigate to the **"Deposit"** section.\
✔ **Minimum deposit requirement:**
* **For squad creators:** **100 USDT**.
> **⚠ Important:** Ensure that **your funds are credited before the tournament starts**.
***
### **📈 Step 4: Start Trading**
#### **1️⃣ Get Familiar with the Platform**
✔ Explore **available trading pairs and assets**.\
✔ It’s recommended to start with **highly liquid pairs** (*e.g., BTC/USDT*).
#### **2️⃣ Execute Trades**
✔ Select an **asset** you want to trade.\
✔ Choose the **trade type** (*buy or sell*).\
✔ Specify the **amount** and **confirm the trade**.
#### **3️⃣ Develop a Trading Strategy**
✔ Stick to your **own strategy** or follow **expert advice**.\
✔ All trades must be executed **within the Electra Trade platform**.
***
### **📊 Step 5: Track Your Progress**
#### **1️⃣ Leaderboard**
✔ Go to the **"Leaderboard"** tab on the **tournament page**.\
✔ Here you can track:
* **Your team’s ranking**.
* **Individual performance** of team members.
#### **2️⃣ Other Bonuses & Challenges**
✔ Organizers may announce **challenges**, such as:
* **Best and Worst Trade of the Day** 🏆
* **Highest Trading Volume** 📈
* **Flash Challenges** ⚡
#### **💎 How to Earn Bonuses?**
✔ Stay updated with **announcements** on the **tournament page**.\
✔ Complete the **required challenges**.\
✔ Earn **extra rewards**! 🎁
***
# Squad Formation
## **How to Create a Squad Before the Tournament Starts**
✔ Squads are created **manually** by filling out an [**Application Form**.](https://forms.gle/cy8vjpLoXRzrsGSe7)\
✔ Once submitted, you’ll receive a **referral link** to **invite members** and grow your squad.
#### **📌 What You’ll Need to Provide in the Form:**
📝 **Squad Name** (*This will appear on the leaderboard*).\
📄 **Squad Description** (*Visible in the squad page*).\
[🖼️](https://emojipedia.org/framed-picture) **Squad Picture** (Visible on the leaderboard).\
💬 **Telegram Account** (*For communication*).\
🔗 **Wallet Address** (*For verification*).
***
### ✅ **Squad Participation Mechanics**
\
✔ **Squad Lock-In:** Once a trader joins a squad, they **cannot leave or switch teams** during the tournament.\
✔ **Referral Links:** Traders **must use a referral link** from a **squad leader** or **organizer** to join a squad.
***
### **⏳ Pre-Tournament Requirements**
✔ **Minimum Squad Size:** Your squad must have **at least 10 members** before the tournament begins.\
✔ **Squad Creator Deposit:** The **Squad Creator** must deposit **at least 100 USDT** on the exchange. *(Don't worry—your funds remain fully yours and won’t be locked or deducted! 💰)*
***
### **❌ What Happens to Squads with Fewer Than 10 Members?**
* Squads **with fewer than 10 members** will **NOT be eligible for prizes.**
***
# Squad Referral Links
## **How Squad Referral Links Work**
### **📌 What You Need to Know**
Referral links are **your key** to joining or creating a squad in the tournament.
✔ If someone **invites you** to their squad, they’ll send you a **referral link**.\
✔ By clicking the link and confirming your participation, you will be automatically added to their squad and enrolled in the referral system.
***
### **🔄 What Happens When You Click a Referral Link?**
1️⃣ A **confirmation window** will appear asking if you want to **join the squad**.\
2️⃣ **Confirm Participation:** Click to **join** the squad.\
3️⃣ **Cancel:** If you change your mind, simply **decline**—you won’t be added.
***
#### **⚠ Important Notes**
✔ If you’re **already part of a squad**, your current team **remains the same**.\
✔ The same logic applies to the **referral system**: If you **don’t have a “referrer”**, the inviter **becomes your referrer**.
***
### **✅ Confirming Your Squad Joining**
✔ You can **browse squads** on the **leaderboard** and choose one to join.\
✔ After selecting a squad, you must **confirm** your decision by clicking **"Join Squad"**.\
✔ *(Optional)* If you join via a **referral link**, you’ll **still need to confirm** your entry.
***
### **🚫 Can I Leave a Squad?**
* **Once you join a squad, you’re locked in for the duration of the tournament.**
* **You cannot leave or switch squads on one address.**
* **However you can always create or connect via another address and join other teams.**
***
# Tournament Prizes
## **Total Prize Pool: $50,000 USDT**
The tournament features a **massive $50,000 USDT** prize pool, distributed among the top-performing squads and individual traders.\
\
*To unlock the full prize pool, top three squads must reach $62.5M in total trading volume\**
### **🏅 Squad Rewards**
* [The **top three squads** ](https://app.electra.trade/tournament?tab=Leadeboard)will receive prizes, distributed among the **top 10 traders** in each winning squad proportionally based on volume.
### **👤 Individual Rewards**
* [**The top 20 traders**](https://app.electra.trade/tournament?tab=Individuals) ranked by their PnL performance, receive individual PnL prizes from a 5,000 USDT prize pool.
### **📅 Other Prizes**
Special rewards are given for **daily challenges**, such as:\
\
✔ **Best and Worst Trade of the Day**\
✔ **Flash Challenges**\
✔ **Highest Daily Trading Volume**
***
### **🏆 Squad Competition Prizes**
🥇 **1st Place:** **$20,000 USDT** (*shared among the top 10 traders*)\
🥈 **2nd Place:** **$15,000 USDT** (*shared among the top 10 traders*)\
🥉 **3rd Place:** **$10,000 USDT** (*shared among the top 10 traders*)
***
## **🏁 End of Tournament & Prize Distribution**
#### **📢 Final Results Announcement**
At the conclusion of the tournament, the **final rankings** will be announced:\
✔ **Squad Prizes**: Distributed among the **top 10 traders** in each winning squad based on volume.\
✔ **Individual Prizes**: Awarded to the **top 20 traders** based on performance based on PnL.
#### **💰 Receiving Prizes**
✔ **Prizes will be automatically credited** to your Electra account.\
✔ Stay **updated** by following official announcements from the organizers.
#### **⚠ Important Notes:**
✔ All prizes are paid in **USDT**.\
✔ Prize distribution may take **up to 14 days** after the tournament ends.\
✔ Prize allocations are subject to **overall tournament participation and trading activity**.
***
# Tournament Schedule
🚀 **Tournament Starts:** **March 3, 2025, 14:00 UTC**\
🏁 **Tournament Ends:** **March 17, 2025, 21:00 UTC**\
💰 **Prize Distribution:** **March 25-27, 2025** 🔍 *(Check for final confirmation!)*
# Additional Tips for Beginners
#### 1. Read the FAQ
* Visit the official FAQ:[ Electra Trade Docs](https://docs.electra.trade/)
* Find answers related to rules, wallets, and technical aspects.
#### 2. Stay in Touch with Your Team
* Use Telegram or other communication tools for coordination.
* Discuss strategies and share experiences.
#### 3. Stay Updated
* Regularly check the tournament page for new challenges and bonuses.
***
### Quick Start Plan for Beginners
1. Connect a Web3 wallet (MetaMask, Trust Wallet, etc.).
2. Join a team using a referral link.
3. Deposit funds.
4. Start trading, focusing on popular pairs (e.g., BTC/USDT).
5. Monitor progress on the leaderboard.
6. Participate in challenges to earn additional rewards.
# FAQs
#### How do I create a squad?
Fill out the [Application Form](https://docs.google.com/forms/d/e/1FAIpQLSceOIixzCJSm9Gnuy49UK2npXM3Nj0rtNlmbzwiwaZWEYngRA/viewform?usp=headerhttps://docs.google.com/forms/d/e/1FAIpQLSceOIixzCJSm9Gnuy49UK2npXM3Nj0rtNlmbzwiwaZWEYngRA/viewform?usp=header) to register your squad. You’ll need at least 10 members.
The Squar Creator must have a minimum deposit of 100 USDT on the exchange. (Don’t worry - your assets won’t be locked or deducted; they remain fully yours.)
#### Can I switch squads after joining?
No, once you join a squad, you cannot leave or switch teams.
#### What happens if my squad doesn’t have 10 members?
Squads with fewer than 10 members will be hidden from the leaderboard and excluded from the tournament.
#### How are prizes distributed?
Prizes are distributed in USDT and shared among the top-performing squads and individuals.
#### What wallets are supported?
You can connect with MetaMask, Trust Wallet, Rabby, WalletConnect, SafePal, Bitget Wallet and many others.
#### How do I track my results?
Use the "Leaderboard" tab to view:
* Team rankings
* Individual performance
#### Where can I get help?
* Contact support via the feedback form on the site.
* Join the tournament’s Telegram channel for assistance.
# PnL Challenge
**Electra PnL Challenge – Completed!**
The first-ever Electra PnL Challenge has officially wrapped up, and what a ride it was! Traders from across the platform brought their A-game, battled it out on the leaderboard, and proved their skills in pursuit of epic rewards.
Participants competed by achieving the highest Profit & Loss (PnL) during the event, and the top traders have now claimed their spots — and their prizes.
**USDT Prize Pool – Over $1,000 Awarded!**\
Congratulations to our top 10 PnL champions:
* 🥇 1st Place: 250 USDT
* 🥈 2nd Place: 200 USDT
* 🥉 3rd Place: 150 USDT
* 4th Place: 100 USDT
* 5th–10th Place: 50 USDT each
💥 **Bonus Alert:** Thanks to the incredible trading volume, the prize pool grew with every $10 million milestone — more rewards unlocked for the community!
**Points Prize Pool – 1,000,000 Points Distributed!**\
These points can now be used to unlock exclusive perks and benefits within the Lumia ecosystem. Here’s how it was split:
* 🥇 Top Trader: 75,000 Points
* 🥈 2nd–10th Place: 35,000 Points each (315,000 total)
* 🏅 11th–50th Place: 11,250 Points each (450,000 total)
* 🎖 51st–100th Place: 3,200 Points each (160,000 total)
**Thank You to Everyone Who Participated!**\
Whether you topped the leaderboard or just joined the competition, your trades made this challenge a success. Keep your eyes peeled — even bigger events and rewards are on the horizon.
Until next time, trade smart and stay ahead. 💼📈
***
# King of Deals
### 👑 King of Deals Challenge Launched!
Get ready to claim your crown!\
\
Traders will compete for **1,000 USDT** and 1**,000,000 ELT Points** by making the **most qualified trades** and generating the **highest trading volume** across Electra.
Stay tuned for the official start date on the landing page — and start preparing your strategy.
***
#### 💰 Prize Pool Highlights
**Total Rewards:** 1,000 USDT + 1,000,000 ELT Points
**💵 USDT Prizes (Most Trades)**
🥇 1st Place — 250 USDT\
🥈 2nd Place — 150 USDT\
🥉 3rd Place — 100 USDT\
🏅 4th Place — 50 USDT\
🎖 5th–10th Places — 30 USDT each\
🎯 11th–37th Places — 10 USDT each
**🪙 Points Prizes (Highest Volume)**
🥇 1st Place — 70,000 ELT Points\
🥈 2nd Place — 50,000 ELT Points\
🥉 3rd Place — 30,000 ELT Points\
🏅 4th–10th Places — 20,000 ELT Points each \
🎖 11th–50th Places — 10,000 ELT Points each \
🎯 51st–100th Places — 4,000 ELT Points each \
✨ 101st–151th Places — 2,000 ELT Points each
***
#### ⚙️ Trade Qualification Rules
To ensure fair play and genuine competition:
* Minimum trade size: **100 USDT** (or equivalent; may rise to 200 USDT).
* Minimum interval between trades on the same pair: **10 seconds**.
* Minimum position holding time: **10 seconds** (or ≥ 1 block).
* **Self-trades, wash trading, or coordinated orders** = disqualification.
* Only **real market trades** involving risk are counted (no internal transfers).
***
#### ⚡ Get Ready
Sharpen your trading strategy and diversify your pairs —\
the **King of Deals Challenge** is just around the corner.\
**Coming soon to Electra. 👑💼📈**
# Electra Liquidity Provider Pool
# Introduction to ELPP
We are excited to announce the upcoming launch of our new Electra Liquidity Provider Pool (ELPP)! ELPP is designed to empower you—our community of liquidity providers—to participate in market making on a transparent, community-owned platform.
### What is ELPP?
The Electra Liquidity Provider Pool (ELPP) is a community-focused financial infrastructure that efficiently attracts and manages liquidity from users across multiple chains. It functions as a tokenized vault (following the ERC-4626 standard) that enables market-making operations while distributing profits generated from these activities to all liquidity providers.
#### Key Features and Benefits
* Transparent Profit Sharing: Earn returns from market-making operations without active trading. Profits and losses from market making are automatically distributed proportionally among all liquidity providers
* Community-Driven: Opens up market making to everyone in the community, ensuring that gains are shared fairly
* Multi-chain Liquidity: Deposit funds from ETH, BSC, and other blockchain networks
* Protected Withdrawals: Epoch-based system protects against market volatility
### ELPP in the Electra Protocol Ecosystem
ELPP serves as the financial backbone of the Electra Protocol, creating a symbiotic relationship between liquidity providers and market-making operations:
* Liquidity providers contribute assets to the pool
* The broker (market-maker) uses these pooled resources for trading operations
* Profits from trading increase the value of ELPP tokens
* The epoch-based withdrawal system maintains stability during market fluctuations
By contributing funds to ELPP, you not only share in market-making profits but also support and help to build a more resilient and community-focused financial ecosystem.
# How ELPP Works
### Basic Flow
ELPP works through a straightforward process:
Liquidity Contribution:
* When you deposit funds, you receive ELPP tokens representing your share in the pool.
* These tokens track your ownership and reflect your claim on the pool’s assets and trading outcomes.
Broker Operations:
* A dedicated market maker utilizes the pooled liquidity to execute trades on the market..
* Profits (or losses) from these operations directly impact the pool’s value.
Automatic Profit Distribution:
* Profits increase the value of each ELPP token automatically
* Trading gains are automatically put in the pool, increasing the value of each ELPP token.
* This model eliminates the need for manual claiming or harvesting of rewards.
### Main Components
**The Liquidity Pool**
The core of ELPP is a shared liquidity pool that:
* Collects assets from multiple providers
* Functions as a tokenized vault (each provider receives tokens representing their share)
* Automatically distributes profits to all participants
* Protects against sudden mass withdrawals
**The Broker (Market-Maker)**
The broker component:
* Uses pooled liquidity for market-making operations
* Executes trading strategies to generate profits
* Reports performance metrics that affect the withdrawal system
**The Epoch-Based Withdrawal System**
The withdrawal system:
* Divides time into fixed periods called "epochs" (typically 3 days each)
* Assigns withdrawal requests to future epochs based on performance
* Ensures orderly exits that protect the pool during market volatility
# ELPP Tokens
### What ELPP Tokens Represent
ELPP tokens function like shares in an investment fund:
* Each token represents a proportional claim on the pool's assets.
* The token's value increases as the pool generates profits.
* Tokens can be transferred between wallets (with some restrictions).
* When you withdraw, you exchange tokens back for assets.
**Key Idea**:\
As the broker generates profits, these earnings increase the total asset value of the pool, automatically boosting the share price. Conversely, losses decrease the total asset value and, hence, the share price.
***
#### How Your Investment Grows
The beauty of the ELPP system is that your investment can grow without you receiving additional tokens. Instead, each token you hold becomes more valuable as the pool generates profits—just like shares in a successful company become more valuable over time.
***
### ELPP Price Calculation
The value of each ELPP token is calculated using this formula:
$$
\text{Share Price} = \frac{\text{Total Asset Value}}{\text{Total ELPP Supply}}
$$
**Where**:
* **Total Asset Value**: Total value of all assets in the pool.
* **Total ELPP Supply**: Total number of ELPP tokens issued to liquidity providers.
***
#### How Profits Affect Share Price
**Broker Profits Increase Total Asset Value**:\
When the broker generates profits, these profits are added to the pool’s total assets.\
*Example*:\
If the pool starts with $10,000$ USD and the broker generates $100 USD in profit:
$$
\text{New Total Asset Value} = 10,!000 + 100 = 10,!100 \ \text{USD}
$$
**Share Price Adjustment**:\
Assuming the total supply of LP tokens remains constant (e.g., 10,000 tokens):
$$
\text{New Share Price} = \frac{10,!100}{10,!000} = 1.01 \ \text{USD per token}
$$
This means each token now represents a greater amount of underlying assets.
***
#### Impact on Deposits and Withdrawals
**Deposits**:\
When you deposit funds, the number of LP tokens you receive is determined by the current share price:
$$
\text{ELPP Tokens Received} = \frac{\text{Deposit Amount}}{\text{Current Share Price}}
$$
*Example*:\
If the share price is $1.01$ USD per token and you deposit $1,000 USD:
$$
\text{ELPP Tokens Received} = \frac{1,!000}{1.01} \approx 990 \ \text{tokens}
$$
**Withdrawals**\
When you withdraw, your ELPP tokens are redeemed for underlying assets at the current share price:
$$
\text{Assets Returned} = \text{ELPP Tokens Withdrawn} \times \text{Current Share Price}
$$
*Example*:\
Withdrawing $1,!000$ tokens at a share price of $1.01 USD:
$$
\text{Assets Returned} = 1,!000 \times 1.01 = 1,!010 \ \text{USD}
$$
***
### Summary
Summary:
* **Unified Mechanism:**\
Both the profit distribution mechanism (PNL) and the token mechanics work together. When the broker earns profit, the total asset value increases, which in turn increases the share price because the total token supply remains unchanged.
* **Deposits and Withdrawals:**\
The share price, which is driven by PNL, is the basis for calculating how many tokens you receive upon deposit and the amount of assets you get upon withdrawal.
* A**utomatic Adjustments:**\
There is no need for manual claiming or harvesting—profits are automatically reinvested, leading to compounding returns reflected in the rising share price.
$$
\boxed{\text{Your gains/losses are proportional to the pool’s performance.}}
$$
***
# Withdrawal System
### Basic Withdrawal Concepts
Withdrawals from the ELPP are designed to protect liquidity integrity while offering users predictable access to their capital. When you request a withdrawal, your tokens are locked for a **fixed 7-day period**, after which your underlying assets become available for claim.
***
#### How It Works
**1. Submit Withdrawal Request**
* Use the dashboard to initiate a withdrawal.
* Enter the number of ELPP tokens you wish to redeem.
* The requested amount is immediately locked and cannot be transferred or used elsewhere.
**2. 7-Day Unlock Period**
* All withdrawals are processed after a **uniform 7-day delay**.
* This ensures pool stability and allows the protocol to optimize capital usage, including restaking mechanisms.
**3. Claim Your Assets**
* After 7 days, your withdrawal becomes executable.
* You can claim your assets at the share price effective at the time of execution.
* There is no expiration — you can claim anytime after the 7-day period.
***
#### Key Details
* Withdrawals are executed **proportionally** based on the current share price.
* The protocol ensures that all users are treated equally, regardless of when they submit their request.
* Pending and claimable withdrawals are always visible in your personal dashboard.
***
Why It Matters
* **Simple:** Just one clear rule — a 7-day unlock time.
* **Predictable:** No need to time your exit; you'll know exactly when funds become available.
* **Secure:** Maintains liquidity stability even during volatile periods.
* **Transparent:** All withdrawal activity is handled on-chain and verifiable.
***
# Understanding Epochs
The withdrawal system operates using two types of time intervals:
### Normal Epochs
**Duration:**
* Each normal epoch typically lasts 3 days, but the duration can be adjusted depending on protocol requirements. However, the epoch duration cannot be shorter than 1 day.
**Calculation:**
* The current epoch is calculated using:
$$
\text{Current Epoch} = \frac{\text{Current Timestamp} - \text{Start Time}}{\text{Epoch Duration}}
$$
* Any fractional part is discarded, resulting in discrete epoch numbers.
**Usage:**
* Normal epochs manage daily withdrawal requests and short-term pool dynamics.
**Example:**
* If the protocol launched on January 1, 2025, at 00:00:00 UTC with a 3-day epoch duration, then:
* **Epoch 0:** January 1, 2025 – January 3, 2025, 23:59:59
* **Epoch 1:** January 4, 2025 – January 6, 2025, 23:59:59
* **Epoch 2:** January 7, 2025 – January 9, 2025, 23:59:59
***
### Global Epoch
**Duration:**
* A global epoch lasts 7 days.
**Purpose:**
* At the end of each global epoch, the system aggregates trading results to update the fixed collateralization level.
**Collateralization Update:**
* The pool's asset value is compared against the previous baseline.
* If the pool’s value exceeds the baseline, a predefined percentage (e.g., 40%) of the profit is extracted to establish a new baseline.
**Example:**
* If the pool value increases from 10,000 USD to 11,000 USD during the global epoch:
* **Profit:** 1,000 USD
* **Profit extraction (40%):** 400 USD
* **New fixed collateralization level:** 11,000 USD – 400 USD = 10,600 USD
**Impact on Profit Sharing:**
* Profits are distributed only if the pool’s value exceeds this baseline.
* If the pool does not meet or exceed the baseline, profits are not distributed, and losses are carried over to the subsequent epoch.
# Timelock Calculation
### Timelock Calculations
The dynamic timelock mechanism adjusts the waiting period based on the pool’s financial health.
#### PNL Ratio Calculation
The system determines a ratio ( k ), representing the current profit and loss situation:
$$
k = \left( \frac{\text{totalPNL}}{\text{totalPoolAsset}} \right) \times 100%
$$
***
#### Timelock Assignment
The timelock duration depends on ( k ):
| **Condition** | **Timelock (epochs)** | **Approximate Wait Time** |
| ---------------- | --------------------- | ------------------------- |
| ( k > 10% ) | 1 | \~3 days |
| ( 0% ≤ k < 10% ) | 2 | \~6 days |
| ( k < 0% ) | 3 | \~9 days |
***
#### Unlock Epoch Calculation
Once the timelock is determined:
$$
\text{Unlock Epoch} = \text{Current Epoch} + \text{Timelock}
$$
**Example**:\
If the current epoch is 10 and the calculated timelock is 2 epochs, your withdrawal request unlocks in epoch 12
***
#### Unlock Date Calculation
The exact unlock date is derived from:
$$
\text{Unlock Date} = \text{Start Time} + \left( \text{Unlock Epoch} \times \text{Epoch Duration} \right)
$$
***
# Token Transfer Restrictions
### Token Transfer Restrictions
To maintain the integrity of the withdrawal system, ELPP implements certain restrictions on token transfers:
**Withdrawal Request Locks:**
* Once you create a withdrawal request, the requested ELPP tokens become "locked" for withdrawal purposes
* Locked tokens cannot be transferred to other wallets or addresses until the withdrawal request is either executed or canceled
* This prevents potential manipulation of the withdrawal system through transfers between accounts
**Balance Verification:**
* The system continuously verifies that your ELPP token balance is sufficient to cover all your pending withdrawal requests
* Any attempt to transfer tokens that would reduce your balance below the total amount in pending withdrawal requests will be rejected
* The smart contract automatically enforces this restriction to protect the pool's stability
**Example Scenario:**
* If you have 1,000 ELPP tokens and create a withdrawal request for 600 tokens, you can only transfer a maximum of 400 tokens to other addresses until you either:
* * Execute the withdrawal when it becomes available
* Cancel the withdrawal request
# Partial and Flexible Withdrawals
The ELPP system offers flexibility in how you execute your withdrawals once they reach their unlock epoch:
#### Multiple Withdrawals per Epoch
* You can split your withdrawal into multiple smaller transactions within your unlock epoch
* Each withdrawal reduces your remaining available amount for that epoch
* This gives you the flexibility to withdraw portions of your funds as needed
**Example:**
* You request to withdraw **1,000 ELPP tokens**.
* During your unlock epoch, you may:
* Withdraw all **1,000 tokens** at once, or
* Withdraw **400 tokens** initially, leaving **600 tokens**,
* Later withdraw another **300 tokens**, leaving **300 tokens**,
* Finally, withdraw the remaining **300 tokens**, or leave them in the pool.
***
#### Withdrawal Request Cancellation
* You can cancel an entire withdrawal request if you no longer wish to withdraw
* Alternatively, you can reduce the amount in your request if you wish to withdraw less than initially planned
**Benefits of Cancellation**
* Immediately unlocks the canceled tokens for transfers
* Allows you to adjust your liquidity strategy based on changing market conditions
* Provides flexibility if you no longer need to withdraw as much as originally requested
***
### Important Considerations
#### Fixed Withdrawal Windows
* Withdrawals must be executed within the designated epoch.
* Missing this window causes the request to expire.
#### Dynamic Timelock
* Future withdrawal requests will reflect changes in the PNL ratio, but once a request is created, its assigned timelock remains fixed
#### Role of the Global Epoch
* A global epoch (7 days) sets a stable baseline (collateralization level) for the pool.
* Profit distribution occurs only if the pool's value meets or exceeds this baseline.
* If the baseline isn't reached, profits are not distributed, and losses roll over.
#### Example Scenario
Current Situation:
* Today is July 10, 2023, and the current normal epoch is 63
* The system's PNL ratio is 5% (moderate profit), resulting in a timelock of 2 epochs
Withdrawal Request:
* You request to withdraw 1,000 ELPP tokens
* Unlock Epoch = 63 + 2 = 65
* Your funds will become available during epoch 65 (e.g., July 16–18, 2023)
Processing Window:
* You must process the withdrawal during epoch 65
* If you miss this window, the request expires and a new request must be submitted
# Withdrawal Execution
Once your withdrawal request unlocks, you can access your funds any time during the designated window.
***
#### Partial Withdrawals Within Unlock Window
You don't need to withdraw the full amount at once. Instead, you can:
* Withdraw in multiple transactions during the unlock window
* Leave part of the requested amount in the pool if you change your mind
**Example:** You request to withdraw **1,000 ELPP tokens**\
During your unlock period, you may:
* Withdraw **400** → 600 remaining
* Later withdraw **300** → 300 remaining
* Leave or withdraw the final 300
***
#### Cancellation Before Unlock
You may cancel a pending request **any time before it unlocks**.
* Once canceled, the tokens become immediately available for transfers or future requests
* **Partial modifications are not supported** — only full cancellation is possible
***
#### Important Notes
* **Fixed Withdrawal Windows:** You must withdraw within the unlock window. If you miss it, the request expires.
* **Expired Requests:** An expired request cannot be executed and must be resubmitted if you still wish to withdraw.
***
#### Example Scenario
* **Today:** July 10, 2023
* **PNL Ratio:** 5% → Timelock assigned: **2 epochs**
* **Unlock Epoch:** 65 → **Window: July 16–18, 2023**
* **Execution:** Withdraw any amount during Epoch 65
* **Missed Window:** The request expires; you must submit a new one if needed
***
# Collateralization
### What is Collateralization?
In the Electra Liquidity Provider Pool, collateralization refers to the relationship between the total assets in the pool and the total supply of ELPP tokens. This ratio is fundamental to understanding how value is tracked and distributed among liquidity providers.
#### Collateralization Ratio Formula
$$
\text{Collateralization Ratio} = \frac{\text{Total Assets}}{\text{Total ELPP Token Supply}}
$$
* **Total Assets**: The combined value of all assets in the pool.
* **Total ELPP Token Supply**: The total number of ELPP tokens issued to liquidity providers.
* **Ratio Value**: Represents **the value of 1 ELPP token** at any moment.
**Example**:
* If the pool holds **$1,000,000** in assets and has **500,000 ELPP tokens** in circulation:
$$
\text{Collateralization Ratio} = \frac{1,!000,!000}{500,!000} = 2 \ \text{(1 ELPP token = $2 of assets)}.
$$
This ratio represents the precise value of each ELPP token at any given time. As the pool generates profits or incurs losses, this ratio changes, directly reflecting the performance of the broker's trading activities.
* **Profits**: If the pool generates profits (e.g., from broker trading), **Total Assets** increase → **Collateralization Ratio rises** → each ELPP token becomes more valuable.
* **Losses**: If the pool incurs losses, **Total Assets** decrease → **Collateralization Ratio falls** → each ELPP token loses value.
***
### Core Principles of the Collateralization Mechanism
1. Preservation of Value: The collateralization ratio ensures that each ELPP token maintains its proportional claim on the pool's assets
2. Automatic Profit Distribution: As profits accumulate, the ratio increases, automatically distributing returns to all token holders
3. Proportional Loss Sharing: Any losses reduce the ratio, distributing losses proportionally among all token holders
4. Deposit/Withdrawal Neutrality: The ratio remains unchanged during deposits or withdrawals since both assets and tokens change proportionally
***
### How Collateralization Works
Let's follow the pool's value over time to see how collateralization works. For simplicity we assume that there are no withdrawals made during the period.
#### Initial State
* Total Assets: 10,000 USD
* Total ELPP Supply: 10,000 tokens
* Collateralization Ratio: 10,000 ÷ 10,000 = 1.0
At this point, each ELPP token is worth exactly 1 USD.
#### After First Profit Period
* New Total Assets: 10,100 USD (reflecting an additional profit of 100 USD)
* Total ELPP Supply: Still 10,000 tokens (no new tokens minted for profits)
* New Collateralization Ratio: 10,100 ÷ 10,000 = 1.01
The system updates the collateralization ratio to 1.01, meaning each ELPP token is now worth 1.01 USD. Every token holder has automatically received their proportional share of the 100 USD profit through this increased token value.
Even though no new tokens were distributed, every token holder has automatically received their share of the 100 USD profit through the increased token value. If you held 1,000 tokens (10% of the pool), your share of the profit would be 10 USD, reflected in your tokens now being worth 1,010 USD instead of 1,000 USD.
***
### Impact of Deposits and Withdrawals
One of the most important features of the ELPP system is that people joining or leaving the pool doesn't change the value of each token. This ensures complete fairness for all participants.
#### Deposit Example
When Alice deposits 1,000 USD when the collateralization ratio is 1.01:
* ELPP Tokens Received: 1,000 ÷ 1.01 ≈ 990.1 tokens
* New Total Assets: 10,100 + 1,000 = 11,100 USD
* New Total ELPP Supply: 10,000 + 990.1 = 10,990.1 tokens
* Collateralization Ratio: 11,100 ÷ 10,990.1 = 1.01 (unchanged)
Alice receives fewer tokens than the USD value she deposits because each token is already worth 1.01 USD due to previously accumulated profits.
#### Withdrawal Example
When Bob decides to withdraw 2,000 ELPP tokens when the collateralization ratio is 1.01:
* Assets Received: 2,000 × 1.01 = 2,020 USD
* New Total Assets: 11,100 - 2,020 = 9,080 USD
* New Total ELPP Supply: 10,990.1 - 2,000 = 8,990.1 tokens
* Collateralization Ratio: 9,080 ÷ 8,990.1 = 1.01 (unchanged)
Bob receives more USD than the number of tokens he's returning because his tokens have increased in value due to accumulated profits.
***
### When and How the Ratio Changes
The collateralization ratio is typically updated at specific intervals (e.g., at the end of each epoch or when profit/loss is realized) based on:
1. **Realized Profits:** When trading positions are closed with profit
2. **Realized Losses:** When trading positions are closed with loss
3. **Unrealized PNL** Adjustments: Periodically accounting for the estimated value of open positions
Between these updates, the ratio stays fixed. This means that if you deposit or withdraw during a stable period, you'll receive tokens or assets based on the same ratio as everyone else during that time.
***
### What This Means for You as a Liquidity Provider
When you provide liquidity to the ELPP:
1. You receive tokens worth exactly your deposit amount (initially)
2. As the pool generates profits, your tokens become more valuable
3. When you withdraw, you receive your original deposit plus your share of all accumulated profits (or minus your share of any losses)
4. The timing of your deposits and withdrawals doesn't affect the fairness of what you receive
In practical terms, the collateralization mechanism offers you these benefits:
* **Fair Profit Sharing:** You earn exactly your proportional share of all trading profits
* **No Dilution:** New depositors don't reduce your profit share
* **Transparent Value:** You can always calculate exactly what your tokens are worth
* **No Harvesting Needed:** Profits are automatically reflected in your token value
* **Flexibility:** Your ELPP tokens can be transferred or used in other protocols while maintaining their value
The collateralization ratio is what makes the ELPP system both powerful and fair, ensuring that all participants benefit from the pool's performance in direct proportion to their contribution.
# APY Calculation
***
#### Understanding ELPP Returns
ELPP measures **Annual Percentage Yield (APY)** based on changes in the pool’s collateralization ratio over time. This standardized metric helps users see how their investments might grow annually, assuming current trends continue.
***
#### The Formula
$$
\text{APY} = \left( \frac{\text{Coll}*{T1} - \text{Coll}*{T0}}{\text{Coll}\_{T0}} \times \frac{365}{T1 - T0} \right) \times 100%
$$
**Where**:
* Collₜ₀: Collateralization ratio at the starting point.
* Collₜ₁: Collateralization ratio at the ending point.
* T₀ and T₁: Timestamp values in days.
* T₁ - T₀: Number of days between measurements.
***
#### Example Calculation
Imagine you measure the pool’s performance over a 30-day period:
* **Starting Date** T₀: January 1, 2023
* **Ending Date** T₁: January 31, 2023
* Collₜ₀: 1.000
* Collₜ₁: 1.006
* ΔT: T₁ - T₀ = 30 days
Plugging these values into the formula:
$$
\text{APY} = \left( \frac{1.006 - 1.000}{1.000} \times \frac{365}{30} \right) \times 100%
$$
$$
\text{APY} = (0.006 \times 12.17) \times 100% = 0.073 \times 100% = 7.3%
$$
Hence, if the same growth persists for a year, the annualized return would be about **7.3%**.
***
#### Important Considerations
* **Historical Indicator**: APY reflects past performance and doesn’t guarantee future returns.
* **Market Events**: APY can vary significantly during periods of high volatility or extreme market conditions.
***
#### Summary
APY serves as a convenient measure of annualized returns, giving liquidity providers a clearer idea of potential growth within the ELPP.
# Risks and Considerations
While ELPP offers many advantages, it is important to understand the inherent risks:
### Trading Performance Risk
The value of ELPP tokens is directly tied to broker trading performance:
* During profitable periods, ELPP value increases
* During unprofitable periods, ELPP value decreases
* Historical performance is not indicative of future results
***
### Withdrawal Timelock Considerations
The epoch-based withdrawal system means:
* You cannot instantly withdraw your funds
* Withdrawal periods extend during times of negative performance
* You must plan ahead for liquidity needs
***
### Smart Contract and Market Risks
As with any DeFi protocol:
* Smart contracts may contain vulnerabilities despite audits
* Technical issues could affect accessibility or functionality
* Extreme market volatility could affect broker performance
* Liquidity crises in external markets might impact trading operations
***
### Important Disclaimers
* Variable Returns: Unlike fixed-rate products, returns are variable and dependent on broker performance
* Timeframe: Performance should be evaluated over longer periods rather than daily fluctuations
* Tax Implications: The automatic reinvestment may have tax implications in some jurisdictions
* Please note: As with any investment, there are inherent risks. Past performance does not guarantee future returns, so invest responsibly and consider your risk tolerance before participating.
\
# FAQ
What is ELPP?
ELPP (Electra Liquidity Provider Pool) is a tokenized vault where users provide liquidity for the protocol's broker to conduct trading operations. When you deposit assets, you receive ELPP tokens representing your share of the pool. Profits and losses from trading are automatically distributed through changes in token value.
#### How is ELPP different from other DeFi pools?
ELPP uses a broker-integrated model with actively managed trading strategies, avoids impermanent loss by using a single-asset model, implements an epoch-based withdrawal system for stability, and distributes profits through token value appreciation rather than yield farming. Additionally, ELPP includes a restaking mechanism that puts idle funds to work in external lending platforms, generating extra returns and boosting rewards for liquidity providers.
#### How are profits distributed?
Profits are distributed automatically through increases in ELPP token value. When the broker generates profits, these are added to the pool, increasing the total assets while the token supply remains constant. This makes each token worth more, distributing profits proportionally.\
\
What is restaking in Electra?
Restaking in ELPP is a system that puts idle funds to work by moving them into an external lending platform, where they earn additional returns over time. This helps boost rewards for liquidity providers without affecting trading operations. Electra automatically manages the movement of funds between networks and the lending platform to keep everything running efficiently and profitably.
#### What happens if there are trading losses?
Losses are reflected in reduced ELPP token value, distributed proportionally among all holders. The protocol employs risk management strategies to minimize losses, but negative returns are possible during adverse market conditions.
#### How do I deposit funds?
Connect your wallet to the Electra Protocol interface, go to the "ELPP" section, select "Deposit," choose your asset USDT, enter the amount, and confirm the transaction. You'll receive ELPP tokens representing your share.
#### How do I withdraw from ELPP?
Go to "ELPP" > "Withdraw," create a withdrawal request for your desired amount of ELPP tokens. Withdrawals typically take between 3 to 9 days, depending on protocol conditions. Wait until your assigned epoch arrives, then return to execute your withdrawal.
#### Why can't I withdraw immediately?
ELPP uses an epoch-based withdrawal system to protect stability during market volatility and prevent sudden mass withdrawals that could force unfavorable liquidations. The timelock period varies based on the protocol's financial health.
#### What is an epoch?
An epoch is a fixed time period (typically 3 days) used for the withdrawal mechanism. Each epoch has specific start and end times, withdrawal requests are assigned to future epochs based on current timelock, and withdrawals can only be executed during their assigned epoch.
#### What if I miss my withdrawal period?
If you don't execute your withdrawal during your assigned epoch, the request expires, and you'll need to create a new request for withdrawal.
####