How to Trade on MasterDEX Perp DEX (Beta)

We’re excited to announce the beta release of MasterDEX Perp DEX, now live and available for users to explore: https://masterdex.xyz/perp

MasterDEX Perp DEX enables users to trade perpetual contracts in a decentralized, non-custodial environment on the Base blockchain, using USDC as collateral. This beta launch focuses on validating core trading functionality, performance, and overall user experience.

Network Information

MasterDEX Perp DEX is currently deployed on the Base blockchain.

• Please ensure your wallet is connected to the Base network before interacting with the platform
• USDC on Base is required for deposits and trading

Getting Started

Deposit

To begin trading on MasterDEX Perp DEX:

1. Connect your wallet
2. Approve USDC in your wallet
3. Deposit USDC to use as trading collateral

Important notes:

• Maximum deposit limit during beta: $100

Deposited USDC is used exclusively as trading collateral

Available Markets

You can open LONG or SHORT positions on the following perpetual markets:

• BTC-USD
• ETH-USD
• SOL-USD

Trading rules:Only one open position per market is allowed at any time

Trading Fees

MasterDEX Perp DEX follows a simple and transparent fee structure:

• 0.1% fee when opening a trade
• 0.1% fee when closing a trade

All fees are automatically deducted from your available balance.

Settlement & Pricing

• Trades are settled using on-chain price oracles
• Oracle prices are protected against large deviations to enhance fairness
• PnL (Profit and Loss) is calculated automatically when a position is closed

This ensures transparent and reliable trade settlement directly on-chain.

Withdrawals

• Withdrawals are disabled while any position remains open

After closing all open positions, users can withdraw their remaining USDC balance

Beta Disclaimer

This release is a beta version with capped limits and controlled access. Users may experience ongoing improvements, refinements, and changes based on feedback and system performance.

We encourage users to:

• Test the platform
• Explore trading features
• Share feedback and report issues

Your input will directly help shape future enhancements.

What’s Next

Following the beta launch, the MasterDEX team will:

• Monitor platform performance and stability
• Analyze user behavior and trading activity
• Collect feedback via surveys and community channels
• Roll out incremental updates and feature improvements

Stay tuned as we continue to expand markets, optimize performance, and enhance the trading experience.

Start trading today: https://masterdex.xyz/perp