This is what you need to do if you want to earn 100 LXP points
Keep in mind that to be eligible for the LXP points, you need to connect your EOA with complete Proof of Humanity to the Yellow Wallet. Details about POH can be found here: https://poh.linea.build/
Yellow Wallet Quest instruction:
| Group | Task | Instructions |
|---|---|---|
| 1 | Getting started with your wallet | |
| Link Discord to Yellow Wallet | 1. Click the Link button under the quest |
Note: The USDC will be taken from your Yellow Wallet and will be locked in the smart contract as collateral of the channel. The Broker will deposit the same collateral amount from his side. The collateral will impact your buying power but will not take part in the trading and settlement. Make sure you have enough funds on Yellow Wallet to settle your positions in the end.
If the connection is taking more than 3 min, please, refresh the page and see if the channel is already opened, and if not retry opening the channel. | | | Trading rules | The maintenance margin (Red zone) is equal to 10% - the minimum amount of margin to maintain the position.
Note: If the indicator goes in the red zone, on any of the sides the liquidation will be initiated. Liquidation is possible for the trader and for the broker at equal conditions. Liquidations are backed up by the channel collateral and the liquidating side will send the collateral to counterparty to covet unsettled PnL.
Market Leverage x5 - allows you to trade five times the value of your initial collateral, enhancing risk and reward.
Trading fees - 0% for the testing period.
This interface is designed for asset planning and clearing, not for perpetual futures trading. Ensure to use it for its intended purpose to optimize your trading strategy. | | | Make a trade for $25-200-1600-… volume | 1. On the Yellow Terminal navigate to the Trading page 2. In the top left of the screen select the preferable market pair from the dropdown list 3. (Repeatable) In the top right of the screen use the Create Order form to create a short or a long market order 4. Once the order is matched the position will be created 5. Wait for volume to be counted toward the quest completion for around 10 min 6. Refresh the Yellow Wallet to see the updated volume and the leaderboard score
Note: The trading volume will allow you to maximize your LXP reward | | | Reduce or close the position (Optional) | 1. In the position section of the Yellow Terminal trading page, find the position with the Open status 2. Click the Market button next to it. If successful the status should change to Unsettled
The Market button allows you to do fast opposite order to open a position, cut your losses or secure the profit | | | Make a Settlement | 1. Once the trading activity for the week is done, it is time to settle your positions 2. In the Yellow Terminal navigate to the Positions page 3. Select all positions to settle using the checkbox next to the position 4. Click the Request Settlement button in the top right part of the screen 5. Review your net settlement result with the broker across all positions 6. (Optional) Top up your Yellow Wallet by clicking the QR code icon located at the right bottom of the settlement result window 7. Click the Continue button to initialize the process 8. During the process your Yellow Wallet will be used to send and receive funds 9. Once a settlement is finalized, check your wallet balance on-chain10. Click the Done button under the quest | | | Close channel | 1. Once all positions are settled it is safe to close the channel 2. Click on the Yellow Wallet address in the top right corner 3. Click on the gear icon in the same corner 4. Click on the End Trading Session button 5. Click the Done button under the quest | | | | | | 3 | Secure your standing | | | | Link External wallet with the Yellow Wallet | 1. Click the Link button under the quest 2. Click on the provider of the external wallet account (EOA) that you use 3. Follow the authorization process to connect EOA 4. After your EOA is connected click the link button next to it 5. Click the verify button under the quest
Alternatively, you can go to the Settings page on the Yellow Wallet and click the Link Wallet button | | | Verify POH | Proof of humanity check (POH) is crucial to be eligible for LXP distribution by the Linea team