July 8, 2023

Dydx Testnet Manual

Let's analyze the potentially profitable testnet from the DYDX project. I believe there's no need to talk about the project itself as everyone is well aware of its scale and prospects.

Previous testnets brought in several thousand dollars in Dydx tokens. Now we have the opportunity to demonstrate activity in the new testnet. Let's start.

Follow the link and connect your MetaMask wallet:

dYdX

After that, you will be offered to receive a test deposit of $1000. Click on "deposit funds" and receive the assets.

Now let's follow the link and carefully read the points that need attention (the points were written by the developers).

Активности в Dydx

Now, with access to all the functionality, we can try experimenting with trading itself.

  1. Here, you can choose whether to open the position with a "limit order" or "market order."
  2. «buy» button - long position
  3. «sell» button - short position
  4. Enter the position size in $ or tokens.
  5. Leverage
  6. Click to open a trade.

Which position to open? It doesn't matter. Simply interact with the platform and its market. Open positions both in short and long positions. Close them manually as well as using limit orders. Explore all the features and capabilities provided by the trading platform.

Next, in this window, you can view all the detailed information about the position as well as manually close it.

In the "portfolio" tab, you will find direct information about your account. It includes your open positions, their volume, open orders (limit orders), and order history.

In the "market" section, you can find all the existing assets in the market at the moment, as well as their basic information.

After showing maximum activity, I strongly recommend finding any issue on the exchange or perhaps something that was lacking for you. You must genuinely identify some problem or multiple problems. It can be minor, but it should exist.

Once you have found something for yourself, proceed to the following link:

v4 Public testnet feedback

You need to fill out a Google Form. You need to provide the main problem or multiple problems and then describe it in detail. Feel free to add relevant details to make the problem description vivid and authentic, as if you were genuinely working as a tester for the platform. Please provide the wallet address you copied from the website and contact information.

Good luck!