How to Trade stATOM on Levana

Step 1: Access Levana Vaults

1. Visit the Levana platform and connect your wallet (ex. Keplr), to access your assets. You can access the App at https://trade.levana.finance/osmosis/trade/.

Note: Levana Protocol is supported in limited regions due to geoblocking - proceed accordingly.

Step 2: Acquire stATOM Tokens

1. Click on the "Bridge Funds" button on the right column. Bridging funds just refers to the process of transferring assets from one blockchain or network to another to make them usable on the destination network.

2. Select the source of your tokens - either stATOM that you may have in your wallet stored on a different chain, or a different token that you have a supply of that you can swap with (e.g., Osmosis).
3. Connect your wallet (Keplr). Enter the number of tokens that you want to move from the original chain to get stATOM with (or the token you wish to swap for stATOM), and the destination chain (Osmosis).

4. Review the estimated transaction details, including slippage. You can view this by selecting the Settings gear icon in the top right corner.

5. Confirm the transaction in your wallet, and your stATOM tokens will be on their way!

Step 3: Open a Position

1. Now that you have stATOM in your wallet, select the amount you want to use for your position. In the app interface, you use the toggle that denominates this in stATOM or USD for simplicity.

2. Choose your position type:
• Long: A long position in trading is a strategy where an investor or trader buys an asset with the expectation that its price will increase over time. They aim to profit from the appreciation of the asset's value and typically plan to sell it at a higher price in the future. Set this if you believe the price of ATOM and stATOM will go up.
• Short: A short position in trading is a strategy where an investor or trader borrows and sells an asset that they do not own, with the anticipation that the asset's price will decrease. They aim to repurchase the asset at a lower price in the future to profit from the price decline and return it to the lender. Set this if you anticipate a price decrease.

3. Decide if you want to use a limit order or a market order:
• A limit order opens your position when stATOM reaches a specific price.
• A market order opens your position immediately at the current market price.
• For simplicity, this tutorial uses a market order.


4. Select your desired leverage level, e.g., 25x. When choosing your leverage level in trading, you should consider your risk tolerance, trading experience, and market conditions. Higher leverage can amplify both gains and losses, so it's crucial to assess how much risk you are comfortable with and ensure you have a solid understanding of leverage's impact on your trades. Additionally, market conditions and volatility should be taken into account, as more volatile markets may require lower leverage to manage risk effectively.

5. Set a take profit and stop loss to manage your risk:
• Take Profit: The price at which you want to automatically sell your position when it reaches a certain price point such that you are profiting.
• For example, if you set the Take Profit price at 8 USD, then when stATOM hits that price, your position will be automatically sold.

• Stop Loss: The price at which you want to automatically close your position if the market moves against you and you want to limit your potential losses.
• For example, if your Stop Loss price is set to 7.65 USD, if the price of stATOM goes down to that number, then your position will be automatically closed at this price.


6. Review the preview of your profit and loss based on your settings. If you're satisfied with the details, you can go forward with opening your position. Confirm the transaction with your Keplr wallet.

Step 4: Monitor, Adjust, or Close Your Position

1. Your order will start in the negative initially due to fees. You can click on the position to see a summary of your estimated profits and losses.


Note: These fees are subtracted from your position's value, which temporarily puts your position in a loss, even if the market price hasn't moved significantly. In other words, the fees associated with opening the position are factored into the position's initial value, and you will need the market to move in your favor to offset these fees and start showing a profit. This is a common aspect of trading and is important to consider when managing your positions and calculating potential gains or losses.



2. Keep an eye on your position in the "Open Positions" section on the platform.

Note: The funding rate will be displayed at the top left of the page of the position you are viewing. The funding rate is critical to keep track of: whenever there is imbalance in the market, then there is an opportunity for the popular side to pay the not-popular side.

If you click on the little question mark next to “Funding Rate (APR)” on the left side of the screen, you’ll see a pop-up window interpreting what this means for those going long versus those going short with their positions:


3. To update your position parameters, click on your open position in the "Open Positions" table, and a popup titled “Update Position” will appear where you can make changes.

4. If you want to close your position, you can do so individually by clicking the "X" button on the position, or you can use the "Close All Positions" button.

Tracking Your History:

• how it changed over time
• the fees you paid over time
• the ability to export the list, which you can utilize during tax filing