Trading Airdrop Guidance

1. Bridge

Since ZKFair is a Layer 2 network built on Ethereum, users need to transfer their tokens to ZKFair for interaction. This can be done via the bridge at https://wallet.zkfair.io/.

2. Swap

USDC On the ZKFair network, USDC is used as the stablecoin for paying Gas fees.

WUSDC HyperionX allows the use of WUSDC to exchange for USDX (Exchange Dollar) for perpetual contract trading, liquidity purchases, and staking.

This can be done via the swap at https://izumi.finance/trade/swap.

3. Log In

HyperionX supports logging in with both Web 3 wallets (Bitget Wallet, Metamask Wallet) and Web 2 methods (Google email, phone, Twitter, etc.).

4. Transfer

To use WUSDC in HyperionX, you need to transfer WUSDC from "My wallet" to "Exchange Wallet". Once transferred, WUSDC is converted to USDX at the prevailing exchange rate. Similarly, when you withdraw assets from your exchange wallet, USDX is converted back to WUSDC at the exchange rate.

5. Trade

• Navigate to the "Perpetual" page and select your preferred pair.

• Choose the trading leverage.

• Select the type of order.

• Enter the size.

• Decide whether to go long (buy) or short (sell).

• Place your order and sign the transaction.

6. Trading Fees

When users open or close a position in perpetual on HyperionX, they are required to pay an opening fee and a price impact fee. These fees are included in the fees for airdrop event. Users can view the estimated opening fee and impact fee in the order confirmation pop-up. After executing the order, they can also check the actual fees charged by visiting the "Bill" page.

In the $HPX airdrop trading event, funding fees, gas fees, and execution fees are excluded from the event's fees and are not part of the final fee refund.When users open a position using their full collateral, to ensure the size of positions opened is not affected, HyperionX records the opening fee and price impact fee on the user's position as an accounting entry. These unrealized fees are not included in the fees of the opening but are charged and recorded in the day's fees when the position is closed or liquidated.

7. View the airdrop rewards and trading refunds you've received

• Access the "Airdrop" page on the platform.

• The page displays the current phase and a countdown to the next phase.

• This phase's fees and token distribution situation.

• My Fees: Sum of actual open/close position fees and price impact fees incurred by the user for the day.

• Total Fees: All open/close position fees and price impact fees collected by the exchange for the day.

• Est. $xHPX: The estimated number of $xHPX tokens allocated to the user, calculated based on "My Fees" and "Total Fees".

• Est. refunds①: If "Total Fees" exceed 16,000U, the excess transaction fees are refunded to users who incurred them that day.

• Earned $xHPX: Total amount of $xHPX tokens earned by the user over past phases, to be distributed after the trading event ends.

• Est. refunds②: Total refund amount earned by the user over past phases, to be distributed after the event ends.

• Historical fees and token distribution

Summary - Trading Airdrop: This section records the fees, token rewards, and refunds from past phases of the user's trading activities.