Gryps Documentation

Gryps Trading Guide

Complete legacy documentation content, presented in the new Gryps docs interface.

Gryps Trading Guide

Follow these steps to open and manage a position.

  1. 01

    Connect wallet & choose network

  • Connect any EVM wallet. Select SEI.
  1. 01

    Deposit USDC

  • Fund your cross‑margin account. Deposits are immediate; withdrawals finalize after a 12‑hour fraud‑proof window.
  1. 01

    Select market & size

  • Choose a symbol (see in‑app list). Set direction (long/short), size, and desired leverage within limits.
  1. 01

    Request & accept a quote

  • Submit your trading intent. Orbs’ solver network returns competitive quotes. Review margin impact and accept to execute.
  1. 01

    Manage risk

  • Monitor PnL, maintenance margin, and account health. Add collateral or reduce exposure as conditions change.
  1. 01

    Close & withdraw

  • Close positions partially or fully. Withdraw USDC as needed (subject to the 12‑hour window).

> Risk warning: Perpetuals are high risk and can lead to rapid losses. Use leverage responsibly and never trade with funds you cannot afford to lose.

Typical pitfalls

  • Slippage around prints or during high volatility can widen fills.
  • Funding over long holds can erode returns even if direction is correct.
  • Leverage creep: adding size while equity falls increases liquidation risk.

Checklist before accepting a quote

  • Network selected correctly (SEI) and wallet connected
  • Collateral sufficient; understand IM/MM impact
  • Leverage sanity: confirm liquidation distance
  • TP/SL configured (partial or full) as needed

Quote lifecycle (sequence)

mermaid
sequenceDiagram
  participant Trader
  participant Frontend as Gryps Frontend
  participant Solvers
  participant Symmio as Symmio Contracts
  Trader->>Frontend: Submit intent
  Frontend->>Solvers: Broadcast RFQ
  Solvers-->>Frontend: Return quotes
  Frontend-->>Trader: Present best quote
  Trader->>Frontend: Accept
  Frontend->>Symmio: Settle on-chain
  Symmio-->>Trader: Position opened