Trading

Understanding Trading Mechanics

Trading on Panda Factory is pretty similar to Kodiak V3 DEX, with small differences.

Key differences:

• Prices move along a predefined curve

• Trading is always against the Panda Pool liquidity

• Max buy is what's available in the Panda Pool bonding curve

• No token approvals needed to sell!

• Minimum trade requirement must be met

Trading Interface

1. Base Token Selection

• When base token is WBERA:

  • Toggle between BERA/WBERA for trading

  • Both use same liquidity pool

• Other tokens:

  • Trade with designated base token

2. Amount Input

• Enter amount to trade

• Quick selection options:

  • Min: Minimum trade size

  • 25%: Quarter of balance

  • 50%: Half of balance

  • Max: Maximum possible trade

3. Balance Information

• Shows your available balance

• Updates based on selected token

• Displays in both tokens

When using WBERA as base token, you can seamlessly switch between BERA and WBERA without affecting trade price or impact.

4. Trade Details

• Timestamp relative to current time

• Green for buys, red for sells

• Volume in base token value

• Clickable transaction hashes

All trades executed through the bonding curve are reflected immediately in the trade history.

All trades are subject to:

• Protocol fees

• Minimum trade size

Executing Trades

Buy Orders

1. Input amount to buy (token or base currency)

2. View calculated output

3. Check price impact

4. Confirm transaction

Sell Orders

1. Input amount to sell

2. View expected return

3. Review price impact

4. Confirm transaction

Important considerations:

• Larger trades have higher price impact

• Minimum trade size requirements apply

• Trading fees are applied to all transactions

Transaction History

View your trading activity:

• Recent transactions

• Buy/Sell orders

• Transaction status

• Price and amount details