With your account funded, you're all set to trade on Helix—delivering a decentralized exchange experience that rivals the speed and cost efficiency of leading centralized exchanges.

Example: Your First Trade

Let's follow an example whereby you might want to open a $100 BTC PERP long position, and close an existing INJ PERP long position.

First, navigate to the correct trading pair by selecting "Trade" in the top navigation bar and using the markets dropdown visible by clicking the current trading pair.

Now that we are on BTC PERP, we can set order parameters for a limit order, which is highly suggested over a market order.

You can either type a limit price in the box, or click a price on the orderbook, and let Helix automatically populate the price box for you. You can also click "mid" in the limit price box, and Helix will automatically calculate and populate the mid-price in the limit price box.

Then, choose an amount (in either USDT or the selected asset, using the dropdown to the right of the asset) and leverage by sliding the blue diamond or typing the desired leverage in the input box to the right of the slider.

Click "Buy / Long" to open the position. If Auto-Sign is not enabled, sign the transaction when prompted by your connected wallet.

The position will now appear in your open positions section right below the price chart. Let's say you wish to close a position, in this case let's close an INJ PERP long position.

To close the position, click the red trash bin logo next to the market ticker and confirm the transaction pop up.

Explore

Take time to get familiar with the platform and supported trading features. To learn more about trading and what Helix has to offer, check out Trading and Trading Bots.

What is Helix?

Helix is redefining on-chain trading by building the most powerful and transparent exchange infrastructure to date.

The Helix infrastructure stack powers a diverse suite of groundbreaking products, creating a robust foundation for applications to truly thrive. With performance as a top priority, Helix delivers an unrivaled user experience that meets the demands of modern decentralized finance.

At its core, Helix introduces the industry’s most advanced on-chain orderbook. Designed to eliminate MEV inefficiencies and create a unified liquidity hub, Helix empowers developers and users alike to build, trade, and innovate without barriers. Today, this orderbook is used to power perpetual and spot markets, alongside automated liquidity vaults and more.

By rebuilding every single component from scratch, Helix introduces a new paradigm for on-chain trading infrastructure with unmatched speed and efficiency. Helix currently is able to facilitate transactions with instant finality, ensuring real-time performance that satisfies even the most demanding high-frequency traders.

What truly sets Helix apart is its community-first approach. Helix has taken zero outside capital from investors and plans to remain fully aligned with its users. Every reward, every benefit, and every opportunity goes back to the community driving the future of finance.

Helix is more than just on-chain financial infrastructure. It represents a new era for decentralized finance where ownership, performance, and transparency come together to unlock limitless possibilities for all.

The first step in onboarding to Helix is signing up. This is very similar to what you would do on any other website, and can be done with an email address or a Web3 wallet.

Just click the button in the top right-hand corner of the Helix app to get started.

Via Email

When the pop-up window appears, you will see two options for signing up with email. You can choose to proceed using Google SSO or by typing your email in directly. Selecting either option will automatically create a fresh wallet address for your account without the need to download a separate browser extension.

Via Wallet

When the pop-up window appears, you will see several options for signing up with a wallet. Helix supports 10+ wallets, including most popular providers like MetaMask, Keplr, Ledger, and Phantom.

Helix currently supports all on-chain markets available on its decentralized orderbook.

Any community member is able to launch new markets on Helix. Certain pairs are "verified," as denoted by a green badge. Pairs can be verified for a number of reasons, typically due to community support or consistent high trading volume and a trusted project team.

What are Perpetuals?

Perpetual futures contracts are leveraged trading instruments that allow traders to speculate on asset prices without an expiration date. Unlike traditional futures, perpetuals remain open indefinitely and are cash-settled, eliminating the need for physical delivery of the underlying asset.

On Helix, perpetual contracts are margined with stablecoins (e.g., USDT), making them more accessible and reducing the need to hold or store the underlying asset. Perpetuals also tend to be more liquid than traditional futures, minimizing slippage during trades.

To maintain alignment with the underlying asset's spot price, perpetuals rely on a funding mechanism. Funding payments are exchanged periodically between long and short positions based on the funding rate, which adjusts for price deviations between the perpetual contract and the underlying asset. This mechanism ensures the price remains close to the spot price, preventing significant overpricing or underpricing.

Key Concepts & Mechanisms

Realized vs. Unrealized Profit and Loss (PNL)

• Realized PNL: Profit or loss locked in when a position is closed, accounting for entry/exit prices and fees (e.g., trading fees, funding payments).

• Unrealized PNL: Potential profit or loss on an open position based on the current market price, fluctuating with the mark price.

Mark Price

The fair value price used to calculate unrealized PnL and liquidation events, preventing manipulation from temporary price changes. Helix uses decentralized oracles like Pyth and Stork for accurate mark price data.

Margin Requirements

• Initial Margin: Margin required to open a position, based on position size and leverage.

• Maintenance Margin: The minimum margin needed to keep a position open. Falling below this threshold triggers liquidation, automatically closing the position to prevent further losses.

Liquidation

Triggered when the margin balance drops below the maintenance margin. To avoid liquidation, traders can add more margin, reduce their position size, or monitor market conditions closely.

Funding Payments

Periodic payments exchanged between long and short positions to align the perpetual price with the spot price. On Helix, funding occurs hourly.

• Positive funding rates: Longs pay shorts.

• Negative funding rates: Shorts pay longs.

This mechanism incentivizes traders to bring the perpetual price back in line with the underlying market.

Leverage and Risk Management

Higher leverage reduces the buffer between the initial and maintenance margin, increasing the risk of liquidation. Traders should calculate liquidation prices and adjust their strategies to manage risks effectively.

Unique Use Cases

Helix perpetual futures go beyond standard trading applications, enabling innovative use cases like Election Perpetuals and Index Perpetuals.

Election Perpetuals

Election perpetuals allow traders to speculate on election outcomes with leverage, offering exposure to markets like Polymarket's Presidential Election Winner 2024. These contracts are perpetual futures tied to an index price rather than traditional crypto assets.

Key Features

• Leverage: Trade with up to 3x leverage.

• Funding Mechanism: Funding payments ensure the contract price aligns with the Polymarket index.

• Mark Price: Uses a proprietary oracle from Stork, applying a 6-hour time-weighted average price (TWAP) to reduce volatility.

Example For the 2024ELECTION PERP, the mark price tracks Polymarket's midpoint for "Donald J. Trump Wins." If the Polymarket market resolves to "yes," the price settles to $1; otherwise, it settles to $0.

Market Settlement While perpetual contracts have no expiration date, trading activity decreases as elections conclude. Once the Polymarket result is final, a governance proposal can settle the market, liquidating any open positions at the final mark price ($0 or $1).

Index Perpetuals

Index perpetuals are derivatives that track the price of an index instead of a single asset. These contracts are perpetual futures tied to indices, such as baskets of cryptocurrencies or on-chain metrics like the total supply of a product. For example, the BUIDL/USDT Index Perp tracks the net asset value (NAV) of BlackRock's BUIDL fund.

Key Features

• Leverage: Trade with up to 5x leverage.

• Funding Mechanism: Funding payments align the contract price with the index.

• Mark Price: Uses a proprietary oracle from Stork, which applies a 1-hour TWAP to smooth price fluctuations.

Example For the BUIDL/USDT Index Perp, the mark price reflects the total supply of the BUIDL fund based on its smart contract on Ethereum. The NAV is scaled down for readability (e.g., 500 million tokens equates to a price of 5000).

Index perps provide flexible and innovative trading opportunities, allowing traders to speculate on broader market movements or specific on-chain metrics without holding the underlying assets.

Multiple types of futures on Helix involve margin trading, which is defined as using borrowed capital to amplify your potential returns and risks when trading certain futures contracts. However, it's crucial to understand the risks involved before diving in, as margin trading can amplify losses just as easily as gains.

In essence, margin trading allows you to control a larger position in a futures contract than your own capital would normally allow. This is achieved by borrowing capital, placing a leveraged bet on the future price of the underlying asset.

Here's how it works:

1. Deposit Margin: You deposit a portion of the total contract value as initial margin. This deposit - which is typically denominated in USDT or INJ on Helix - acts as collateral for the borrowed capital.

2. Control a Larger Position: With your initial margin, you can control a futures contract with a much higher notional value. For example, if a Bitcoin futures contract is worth $100,000 and the margin requirement is 10%, you can control the entire contract by depositing only $10,000.

3. Amplified Profits and Losses: Any price movement in the underlying asset will be magnified for your position. If the price moves in your favor, your profits will be multiplied compared to simply holding the underlying asset. Conversely, if the price moves against you, your losses will also be amplified, and your initial margin could be wiped out if the price falls too far.

Understanding Margin Requirements:

The amount of margin required for a futures contract varies depending on several factors, including:

• Volatility of the underlying asset: More volatile assets typically require higher margin amounts.

• Contract terms: Different futures contracts on the same asset may have different margin requirements.

• Exchange or clearinghouse: Each exchange or clearinghouse may set its own margin requirements.

It's important to remember that margin trading is not for everyone. It's a high-risk strategy that requires a deep understanding of the markets and risk management techniques. If you're not comfortable with the potential for significant losses, it's best to stick to traditional trading methods.

Here are some additional things to keep in mind when considering margin trading on Helix:

• Liquidation: If the price of the underlying asset moves against you and your margin falls below a certain threshold (maintenance margin), your position will be liquidated to cover your losses. This means you could lose your entire initial margin deposit. See Liquidation for more information.

• Funding Rates: In some cases, you may also be charged funding rates, which are fees paid to maintain your leveraged position. These fees can vary depending on market conditions and can eat into your profits. See Funding Rates for more information.

• Manage Your Risk: Always use stop-loss orders and other risk management tools to limit your potential losses when margin trading.

Margin trading can be a powerful tool for experienced traders, but it's important to use it responsibly and with a clear understanding of the risks involved. If you're considering margin trading on Helix, be sure to do your research and only trade with capital you can afford to lose.

Once you've created an account, you can bring funds over in several simple ways.

Deposit Funds

You can send funds from anywhere Injective is supported directly to your Helix account address. This includes supported centralized exchanges and wallets.

Supported CEXs include:

• Binance

• OKX

• Bybit

• Bitget

• Upbit

• KuCoin

• Kraken

Bridge Funds

Funds can be deposited into your Helix account address from nearly any network via bridging solutions. Bridging solutions support 24+ networks, including most popular networks like Ethereum and Solana. Additionally, funds can be bridged in from IBC-enabled chains, expanding access to 110+ networks.

Recommended bridges for funding your Helix account address include:

• Injective Bridge

• Wormhole Portal Bridge

• Skip

Purchase Funds

Instead of depositing funds from another account or centralized exchange, you can click "Buy INJ with Card" and purchase INJ in just a few easy clicks using credit, debit, or Apple Pay.

Leveraging the power of margin trading comes with the risk of liquidation. This mechanism acts as a failsafe for both the trader and the DEX, automatically closing your position when your equity dips below a critical threshold. This is done to prevent further losses and protect the system's stability.

Liquidation is triggered when your account's maintenance margin drops below a certain level. This maintenance margin is a percentage of the total contract value, typically lower than the initial margin you deposited. It acts as a buffer against price movements.

Maintenance Margin Requirement

The margin must fulfill:

For example, in a market with maximally 20x leverage, the initial margin ratio would be 0.05. Any new position will have a margin which is at least 5% of its notional.

The margin must fulfill the mark price requirement:

PNL is the expected profit and loss of the position if it was closed at the current MarkPrice. Solved for MarkPrice, this results in:

For Buys:

For Sells:

Throughout the lifecycle of an active position, if the following margin requirement is not met, the position is subject to liquidation.

For Longs:

For Shorts:

For example, let's say you use 10% margin for a Bitcoin futures contract worth $100,000. Your initial margin would be $10,000, and your maintenance margin might be 5% ($5,000). If the price of Bitcoin falls significantly, causing your equity in the contract to drop below $5,000, your position will be automatically liquidated.

How Does Liquidation Work?

When liquidation is triggered:

1. The exchange will force-close your position. This means selling your futures contract, regardless of the current market price.

2. The proceeds from the sale will be used to cover your outstanding debt to the platform. This includes the initial margin, any unpaid funding fees, and the loss incurred on the position.

3. Any remaining funds will be credited back to your account. However, it's crucial to remember that liquidation can potentially wipe out your entire initial margin deposit.

To avoid the painful sting of liquidation:

• Monitor your margin: Keep a close eye on your account's margin level and the market movements affecting your positions.

• Use stop-loss orders: These pre-set orders automatically sell your position when the price reaches a certain point, potentially minimizing losses and preventing liquidation.

• Maintain adequate margins: Avoid over-leveraging your positions. Higher margins provide a larger buffer against price fluctuations.

• Understand funding rates: Factor potential funding costs into your risk management calculations, especially in volatile markets.

What are Expiry Futures?

In TradFi, a futures contract is an agreement that requires two parties to transact an asset at a predetermined price at a specified time in the future. This allows traders to lock in a future price of the underlying asset to hedge or speculate on price movements. Helix offers a completely decentralized form of these futures contracts—expiry futures.

Similar to perpetual futures, expiry futures on Helix are traded with margin, allowing traders to access leverage. However, unlike perpetual futures, expiry futures have expiration dates and do not require funding payments, though liquidations may still occur if the maintenance margin threshold is not met.

Upon expiration, expiry futures markets are settled using oracle prices, typically set to the spot prices of the underlying assets. As a result, the price of futures tend to converge upon the spot price as the expiration date nears.

An interesting use of expiry futures on Injective are Pre-Launch Futures.

Pre-Launch Futures

Pre-Launch Futures (PLF) enable investors to speculate on assets before their public release, addressing the gap where trading activity is typically unavailable. The initial PLF market on Helix will utilize expiry futures contracts, although perpetual futures may also be introduced in the future.

How do Pre-Launch Futures Work?

For expiry futures, a mark price is essential for tracking liquidation and settlement. However, as spot prices for the underlying assets are unavailable before public launch, traditional oracle feeds cannot be used. PLF markets are designed to be traded near the asset's public launch, allowing the mark price to align with the spot price once trading begins. Before this point, Helix employs a 24-hour exponentially weighted moving average (EWMA) of the last day’s minutely last traded prices as the interim mark price, ensuring accurate liquidation tracking and settlement preparation.

Mark Price Mechanism

The mark price is based on two price feeds:

1. EWMA price feed

2. CEX API price feed - Binance, OKX, or Bybit, whichever lists the underlying asset first.

During the various phases of the timeline, a different price feed is used:

• Before asset is listed on CEX ⇾ EWMA price feed

• Within 24 hours of asset is listed on CEX ⇾ EWMA price feed

• 24 hours after asset is listed on CEX ⇾ CEX API price feed

This design prevents a sudden distortion in mark price if the difference between EWMA price feed and CEX API price feed is great.

The EWMA price is calculated as follows:

Where:

• t_init is the time of the first trade in the underlying market.

• assumed price is the price assumption of the underlying asset. This price is used when there is no last traded price 24 hours prior the first trade in the underlying market. In other words, after the first 24 hours, if the underlying market has traded already, then the assumed price would no longer have an impact on the mark price.

• last traded price is the last price traded in the underlying market.

While margin trading unlocks the door to amplified gains, it also introduces another layer of complexity - funding requirements. Often overshadowed by margin requirements, understanding funding rates is crucial for responsible leveraged trading on Helix.

What are Funding Rates?

In traditional futures contracts, the price on the exchange converges with the spot price over time. In contrast, perpetual futures on Helix never expire, creating a potential disconnect between the contract price and the underlying asset's spot price. To keep these prices in sync, a mechanism called funding payments kicks in.

Funding rates are essentially periodic fees exchanged between long and short positions. The direction of these payments depends on the prevailing market sentiment:

• Positive Funding Rates: If a significant majority of traders are long, short positions pay funding fees to long positions. This incentivizes trading activity that could potentially bring the contract price down towards the spot price.

• Negative Funding Rates: Conversely, if most traders are short, long positions receive funding fees from short positions. This encourages trading activity that could potentially push the contract price up towards the spot price.

The specific calculation of funding rates is a formula that considers the difference between the contract price and the index price (a reference point representing the spot price), along with an interest rate component. While these rates may seem small at first glance, they can accumulate over time and significantly impact your trading experience.

For long position holders, positive funding rates represent an additional cost. You'll be paying funding fees to short positions on each funding interval. Conversely, negative funding rates translate to receiving payments, essentially earning passive income on your open position.

For short position holders, the funding dynamic flips. Positive funding rates become a source of income, while negative funding rates translate to periodic payments you owe to long positions. Therefore, it's crucial to factor potential funding costs into your margin calculations and risk management strategies.

Order Types

• Limit: allows a trader to specify a maximum price they are willing to pay when buying, or a minimum price they are willing to accept when selling. The order is only executed if the market reaches the specified price (or better).

• Market: an instruction to buy or sell an asset immediately at the best available market price. Market orders prioritize speed and execution over price control.

• Stop-Limit: combines features of a stop order and a limit order. It becomes a limit order when the market price reaches a specified "stop" price. The trade is then executed only if the market price meets the conditions of the limit price.

• Stop-Market: converts into a market order once the market price reaches the specified "stop" price. Execution occurs immediately at the best available price after activation, ensuring the trade happens, but without price guarantees.

Order Options

• Leverage: allows a trader to amplify their position size by borrowing funds. It increases potential profits but also magnifies potential losses. Helix offers up to 20x leverage on trades, depending on the market.

• Slippage: refers to the difference between the expected price of a trade and the actual price at which it is executed, often caused by low liquidity or high market volatility. Custom slippage settings can be set for Market and Stop-Market orders on Helix.

• Post Only: ensures that an order is added to the order book as a maker order and does not execute immediately as a taker order. This guarantees the trader earns maker fees (or rebates) rather than paying taker fees. Post Only is available for Limit orders on Helix.

• Reduce Only: ensures that the order only decreases or closes an existing position and does not open a new one. This is commonly used to manage risk. Reduce Only is available across all order types on Helix.

• Bypass Price Warning: allows traders to override system warnings about placing orders at potentially unfavorable prices, which might result in significant slippage or execution far from the expected price. This option is available for Limit and Stop-Limit orders on Helix.

• Take Profit / Stop Loss (TP/SL): conditional orders designed to automatically close a position at a specified profit or loss level. TP sets a target price to lock in profits, while SL sets a price to limit loses. TP/SL is support for Market orders on Helix.

What are Volume Boost Bots?

Volume Boost Bots are simplified trading tools designed to automate liquidity provision and generate trading volume within a chosen price range. They are ideal for both beginners and experienced traders, providing an easy way to stay active in the market and earn rewards.

With an intuitive setup process, Volume Boost Bots:

• Automatically optimize grid and trailing boundary settings.

• Focus on maximizing trading volume.

• Include built-in stop-loss and take-profit mechanisms to manage risk.

How to Set Up Your Volume Boost Bot

1. Select Your Trading Pair

• Choose a trading pair from the dropdown menu.

• Certain markets offer extra incentives for providing liquidity, so be sure to review eligible markets.

2. Choose Your Strategy

Select a volatility strategy based on your risk tolerance:

• Passive: Conservative approach with a wider price range and fewer trades.

• Moderate: Balanced approach with a medium price range and trading frequency.

• Aggressive: High-frequency trading with a tight price range.

3. Set Your Deposit

• Minimum deposit: $50 worth of base and quote assets combined.

4. Launch Your Bot

• The bot will automatically optimize grid settings and begin trading within your selected parameters.

• Automatic stop-loss and take-profit levels are set based on the strategy:

  • Passive: 1%

  • Moderate: 5%

  • Aggressive: 10%

What are Trading Bots?

Trading bots are automated programs designed to execute trades based on predefined strategies and conditions. On Helix, trading bots directly interact with the platform to enhance trading efficiency, automate strategies, and reduce manual effort.

Why Use Trading Bots on Helix?

Helix offers the most comprehensive suite of trading bots across all DEX platforms, providing unique benefits:

• Reliable: Powered by Injective’s advanced financial infrastructure, ensuring high performance and uptime.

• Cost-Efficient: Helix covers gas fees for bot trading operations, except for strategy creation or removal.

• Flexible: Fully customizable to fit various trading styles and risk preferences.

• LP Rewards: Use trading bots to provide liquidity and earn rewards based on the trading volume your bot generates.

Available Trading Bots

• Spot Grid Trading Bot: Automates buying low and selling high within a defined price range, ideal for profiting from market volatility in sideways markets.

• Volume Boost Bot: Optimized for liquidity provision and volume generation, using adaptive spot grid trading tailored for LP rewards.

Coming Soon

• Perpetual Grid Trading Bot: Automates leveraged perpetual futures trading with advanced position and risk management.

• Dollar Cost Averaging (DCA) Bot: Simplifies long-term accumulation by automating periodic asset purchases to reduce volatility impact.

• Funding Rate Arbitrage Bot: Captures funding rate inefficiencies in perpetual markets with low-risk strategies.

Frequently Asked Questions

Do I need prior experience with trading bots? No. Helix's platform and trading bots are user-friendly and accessible to beginners, while offering advanced features for experienced traders.

Are there fees for using trading bots? Helix covers gas fees for bot operations. Fees only apply when creating or removing strategies.

When do I get my LP rewards? Rewards vary by market and are claimable at the end of each market’s campaign.

Overview

The Helix "AI Index" is a cryptocurrency index designed to provide investors with diversified exposure to the most promising AI blockchain projects and AI Equities. The index comprises 50% of 10 selected AI blockchain tokens and 50% of 6 AI Equities.

Index Composition - AI Tokens

• Components: 10 AI tokens, including Near (NEAR), Internet Computer (ICP), Bittensor (TAO), Render (RENDER), Virtuals Protocol (VIRTUALS), Artificial Superintelligence Alliance (FET), Injective (INJ), Akash Network (AKT), Ai16Z (Ai16z) and Grass (GRASS)

• Weighting Methodology: Market capitalization-weighted.

• Rebalancing Frequency: Monthly.

Index Composition - AI Stocks

• Components: 6 AI stocks, including Nvidia (NVDA), Taiwan Semiconductor Manufacturing Company Ltd (TSM), Palantir (PLTR), Arista Networks (ANIT), Super Micro Computer Inc (SMCI), and SenseTime (SNTMF)

• Weighting Methodology: Market capitalization-weighted.

• Rebalancing Frequency: Monthly.

The Weights -

How the Index is Priced

1. Initial Calculation:

• Market Cap Calculation: For each token, its market capitalization is calculated by multiplying the token's price by its circulating supply. Tokens represent 50% of the index. For each stock, the market capitalization is taken from Bloomberg Terminal. Equities represent 50% of the index.

• Initial Weights: Each token’s weight is determined by dividing its market cap by the total token market cap. Likewise, each equity’s weight is determined by dividing its market cap by the total equity market cap.

2. Price Calculation:

• Index Value: The index is priced by aggregating the weighted prices of each component token and equity.

• Formula: First we divide the market capitalization for each asset by the sum of the market capitalization in each asset sector, equities and crypto. This gives us the asset-specific weight for for the index. Then we sum the market capitalization for all equity assets and all crypto assets. Next, we multiple each asset-specific weight by the sum of the market capitalization of all assets to get the normalized market capitalizations for each asset. This normalizes the assets so that 50% of the index represents AI Equities and 50% of the index represents AI Tokens. Lastly, we add up the normalized market capitalizations and divide by 1,000,000,000 (10^9) to get an index price for the asset.

Here are the steps in formula form:

1. Calculate the total market capitalization for each sector:

where $TMC_{equity}$ represents the total market cap of the equity companies in the said basket, and $TMC_{crypto}$ represents the total market cap of the crypto companies in the basket. $MC^{i}{equity}$ represents the element with index $i$ in the real valued vector $MC{equity} \in \R^{m}$ and similarly $MC^{j}{crypto}$ represents the element with index $j$ in the real valued vector $MC{crypto} \in \R^{n}$

1. Calculate asset-specific weights:

where $w^{i}{crypto}$ and $w^{j}{equity}$ represents each element of the real valued vectors $w_{crypto} \in \R^{n\times1}$ and $w_{equity} \in \R^{m \times 1}$

1. Adjust the weights to a scaled value of 50% crypto and 50% equity:

where $nw_{crypto} \in \R^{n \times 1}$ and $nw_{equity} \in \R^{m \times 1}$ where $n$ and $m$ represent the total number of crypto and equity companies, respectively, $nw_{crypto}$ and $nw_{equity}$ is the adjusted weight metric.

Now let us introduce another variable $nw$ which represents the entire basket of equity and crypto whose dimensions are now a direct sum of $nw_{crypto} \oplus nw_{equity}$ as $nw \in \R^{(n + m)\times 1}$

1. Calculate normalized market capitalizations:

Based on the new $nw$ we calculate the total normalized market cap:

where

1. Calculate the index price:

The index price is now:

where the numerator is a vector summation, and the $\text{divisor} = 10^{9}$.

Index Operation and Investor Use

1. Index Usage:

• Benchmarking: Investors can use the "AI Index" as a benchmark to measure the performance of their portfolios.

• ETFs and Derivatives: The index can serve as the basis for financial products like ETFs or derivatives that track its performance.

2. Risk Management:

• Cap on Dominance: The representative caps prevent any single token or equity from dominating the index, reducing concentration risk.

• Diversification: By including 10 tokens, the index mitigates the impact of poor performance in any one project.

3. Performance Monitoring:

• Real-Time Tracking: The index value is updated in real-time based on the latest prices of the component tokens.

• Historical Data: Historical index values are available to analyze trends and performance over time

What is Grid Trading?

Grid trading is an automated strategy that places buy and sell orders at predefined price intervals within a specified range. It generates profit by capitalizing on price oscillations, making it effective in both trending and ranging markets.

How Grid Trading Works on Helix

1. Define Your Grid

   • Set the price range (upper and lower bounds).

   • Choose the number of grids to divide the range into equal price intervals.

2. Initial Balance Setup

   • Deposit both base and quote assets.

   • Initial market orders rebalance your assets to match the grid strategy, ensuring optimal performance.

   • Example: For a $1800–$2200 ETH/USDT grid, the bot adjusts your assets to match the grid's middle point.

3. Automated Trading

   • Places buy orders at lower grid levels and sell orders at upper levels.

   • Continuously rebalances positions as the market moves.

4. Profit Generation

   • Profits are realized each time the price crosses a grid line.

   • Earn from market volatility, with profits accumulating in both base and quote assets.

Fees

Helix trading fees are typically set to:

• Maker Fee: -0.005%

• Taker Fee: 0.05%

VIP Discount Tiers

Traders who meet threshold criteria for minimum staked INJ and minimum trading volume on a 28-day rolling basis are eligible for discounts on Injective trading fees, as described below.

To view your current tier and personal statistics, please visit the Fee Discounts page. Upon connecting / logging into your account, you will see the dashboard below, populated with your information.

Rebates

On Helix, rebates are available for maker fees, standardized at 60%.

For example, a trader places a limit order to purchase 1 BTC/USDT PERP at $100,000. If this limit order constitutes a maker flow, it is eligible for the -0.005% maker trading fee. As such, the rebate issued to the trader is calculated as:

Upon connecting your wallet to Helix, you may be prompted to enable Auto-Sign, which allows you to trade for 60 minutes without having to sign each individual transaction. You can deactivate Auto-Sign at any time by going to wallet settings, or by simply disconnecting your connected wallet from Helix. If you prefer to sign each transaction individually, you can ignore or dismiss the pop-up and trade normally.

By trading on Helix, users earn points based on a proprietary calculation of trading volume, products traded, and platform loyalty. This program rewards users who contribute to Helix’s ongoing success.

The points program was officially announced on December 11, 2024. Historical protocol usage was also taken into account, enabling loyal users to earn additional bonus points. Active, loyal users may continue to earn bonus points in the future.

Users are ranked by their accrued points and sorted into categories such as White Belt and Orange Belt. Every trader on Helix begins as a White Belt and can level up with regular use of the protocol. These categories currently follow a bell curve model, where the most elite active users achieve the highest ranks. Additional ranking categories may be introduced in the future.

The criteria for earning points is updated regularly to ensure that genuine engagement with Helix is rewarded the most. Points are tracked daily, weekly, and in total on the points dashboard. Helix reserves the right to modify point distributions at its sole discretion, without advance notice.

What are Spot Grid Trading Bots?

Spot Grid Trading Bots are automated trading tools that use grid trading strategies to capitalize on price movements in spot markets. These bots place buy and sell orders at predefined intervals within a specified price range, helping traders profit from market volatility.

All spot markets listed on Helix are supported, allowing you to create grid trading strategies for any available trading pair.

How to Set Up Your Spot Grid Trading Bot

1. Define Basic Parameters

• Price Range

  • Upper Bound: The highest price to sell.

  • Lower Bound: The lowest price to buy.

• Number of Grids

  • More Grids: Captures frequent price movements but results in smaller profits per trade.

  • Fewer Grids: Fewer trades but larger profit per trade.

• Capital Requirements

  • Minimum of $50 worth of both base and quote assets.

  • Additional $5 per grid beyond the minimum, up to 150 grids.

2. Select Distribution Type

• Arithmetic Distribution: Equal intervals between grid levels, ideal for stable markets with consistent volatility.

Best Practices

• Use stop-loss orders to protect against significant losses.

• Adjust grid spacing for market volatility:

  • High Volatility: Fewer grids with wider spacing.

  • Low Volatility: More grids with tighter spacing.

• Regularly review and optimize your strategy as market conditions change.

The Helix Profit and Loss (PNL) Leaderboard ranks the top traders based on realized trading PNL across four durations:

• Today: Starts at 00:00 UTC each day.

• This Week: Begins at 00:00 UTC on Monday.

• This Month: Starts at 00:00 UTC on the first day of the current month.

• All Time: Tracks realized PNL since August 1, 2024.

How the Leaderboard Works

• Eligibility: Connected wallets appear on the Leaderboard only if their PNL clears a dynamic hurdle set by the top traders' performance. Wallets with negative PNL, PNL below the hurdle, or no PNL will not see their rank until profitable trades exceed the hurdle.

• Updates: The Leaderboard refreshes every hour on the hour.

• Inactivity: Wallets with extended inactivity or trades predating the Leaderboard's start may not be ranked.

Key Notes

• For Reference Only: Leaderboard figures are for vanity purposes and trading competitions. Figures on the PNL Leaderboard are not a substitute for thorough tax reporting calculations.

• Spot Markets:

  • Only spot trades made after the Leaderboard launch count toward PNL.

  • PNL is calculated using the First In, First Out (FIFO) method.

• Purchases made before the Leaderboard went live do not count toward PNL, even if sold afterward.

• Derivatives Markets:

  • Realized PNL is calculated for each trade when it is closed, based on emitted trade logs.

  • Totals from individual trades are aggregated and added directly to the Leaderboard PNL.

  • Adjustments for scenarios like liquidations or funding payments are included in the PNL calculation.

Helix periodically hosts trading competitions, offering traders the chance to win prizes based on their performance or participation. Competitions may focus on PNL, trading volume, or a combination of both over a specified duration.

Competition Types

1. Performance-Based Competitions Prizes are awarded to traders with the highest PNL or trading volume during the competition period.

2. Random Draw Competitions Winners are chosen at random, with entries based on PNL or trading volume.

   • Example: Earn 1 entry for every $10 of trading volume. The more entries accrued, the higher the chance of winning.

3. Hybrid Competitions Combine both formats, awarding prizes to top performers and random participants.

How Trading Competitions Work

• Tracking Progress: Participants can view their PNL, trading volume, and accrued entries on the page. Data is updated hourly and does not refresh in real time.

• Competition Period: Each competition has clearly defined start and end dates.

• Winner Notifications: At the end of the competition, winners will be notified via a popup if their connected wallet is selected. The popup will provide details on how to verify identity and claim the prize.

• Terms and Conditions: Every competition is governed by specific rules, available on the competition page.

Spot Markets

For spot markets, realized profit and loss (rPNL) is calculated based on the difference between the buy and sell prices of an asset. Using the First In, First Out (FIFO) method, the formula is:

Where:

• : Quantity of the asset sold in the 𝑖-th transaction.

• : Price at which the asset was sold in the 𝑖-th transaction.

• : Price at which the corresponding quantity of the asset was purchased, based on FIFO.

• : Total number of sell transactions considered.

Example

Let’s calculate rPNL step by step based on the following trades:

1. Date A: Buy 50 INJ at price .

2. Date B: Sell 200 INJ at price .

3. Date C: Sell 50 INJ at price .

4. Date D: Buy 10 INJ at price .

5. Date E: Sell 20 INJ at price .

Step-by-Step rPNL Calculation

1. Initial rPNL:

   • At Date A, nothing has been sold, so rPNL = 0.

2. rPNL at Date B:
3. rPNL at Date C:

   • The user sells another 50 INJ, remaining net short. Since no new purchases have been made, the rPNL calculation remains unchanged:
4. rPNL at Date D:
5. rPNL at Date E:

   • At this point, the user remains net short by 190 INJ, as they have sold more INJ than they purchased.

Derivatives Markets

For derivatives markets, rPNL calculation is very straightforward. Herein, rPNL is calculated for each trade when a position is closed. The chain emits detailed trade logs that include the rPNL for each individual trade. These values are then aggregated to determine a trader’s total rPNL.

This approach ensures that rPNL is recorded accurately and in real-time, with additional adjustments made for scenarios like liquidations or funding payments.

Helix is built on Injective. For relevant API information, please visit:

Supported SDKs include: