Gryps Trading Guide
A step-by-step walkthrough for opening a position on Gryps: connect a wallet, deposit USDC, choose a market and size, then request and accept an RFQ solver quote.
- 01
Connect wallet & choose network
- Connect any EVM wallet. Select SEI.
- 01
Deposit USDC
- Fund your cross‑margin account. Deposits are immediate; withdrawals finalize after a 12‑hour fraud‑proof window.
- 01
Select market & size
- Choose a symbol (see in‑app list). Set direction (long/short), size, and desired leverage within limits.
- 01
Request & accept a quote
- Submit your trading intent. Orbs’ solver network returns competitive quotes. Review margin impact and accept to execute.
- 01
Manage risk
- Monitor PnL, maintenance margin, and account health. Add collateral or reduce exposure as conditions change.
- 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