UI/UX

The User Interface is where the majority of our users will be placing trades. We have designed the UI to be as close to that of a Centralized Exchange as much as possible. This allows traders who have never used a DEX before to feel familiar and comfortable while also providing all of the functionality traditional CEXs provide.

Through the UI users are able to switch between different assets, view that asset's information, see the trading chart, look at the orders on the orderbook and past trades, and seamlessly place a variety of order types.

How it works

Connecting your wallet

When you come into the Exchange page, the first thing that needs to be done is connecting your wallet via Polygon's zkEVM. If you do not currently have zkEVM on your wallet provider, it's something that's super simple to add! Just follow this link for some easy instructions.

Once you've switched over to the Polygon zkEVM network, all you need to do is click the "Connect Wallet" button at the top!

Depositing Funds

After you've connected your wallet, you will be able to deposit funds into the Exchange smart contract so that you can place orders and trade. All you need to do is click on the "Deposit Funds" button on the top. That will pop up the "Deposit" box, where you will be able to choose which asset you would like to deposit, and the amount that you want to deposit.

Once you've entered the asset and the amount, you will need to click the "Approve" button below, which will pop up your wallet provider so that you can approve the transfer. After you approve it, please wait a couple of seconds for the Blockchain to process you're approval, once your approval has been verified the "Approve" button magically changes into a "Deposit" button! All you have to do now is click on the "Deposit" button and you funds will be deposited from you wallet into Evo Exchange.

Congratulations, you're ready to trade!

Please note that if you have any margin positions open, depositing will first pay back any outstanding liabilities you have in that asset and then deposit the surplus amount.

Placing an Order

From now on, trading is as easy as it is on any other centralized exchange. In the Trading Widget, you'll be able to place limit, stop, and market orders. From there you'll also be able to turn margin trading on and off in order to margin or short the crypto of your choice!

Market Orders

When you place a market order, your order will match with the best priced trades according to your order. For example, if you place a market buy order, it will match with the lowest priced sell orders on the book. If you place a market sell order, it'll match with the highest priced buy orders on the book.

Limit Orders

A limit is an order to buy or sell at a specific price or better. For a buy limit order, the order will only execute at the limit price or lower; for a sell limit order, it will only execute at the limit price or higher. When you place a limit order it will be matched in the same manner as a market order. However, if there are no matching trades, it will be placed on the book as a "maker" order and remain there until an order that matches it comes in.

Stop Orders

A stop order is an order to buy or sell once the price moves past a specified point, known as the stop price, which triggers the order to become a market order. For a buy stop order, it is placed above the current market price, and for a sell stop order, below the current market price, activating only when the stop price is reached or surpassed. For example, if you are holding long position of ETH that you bought at $3,000, it is now at $4,000, and you would like to secure profits at $3,800, you would place a stop sell order with a price of $3,800. If the price ever drops below $3,800 your position will automatically be sold.

After you place the order through the UI, the front end will first check that you have the required balances to place the trade you want to. Once that has been confirmed, the order will be sent to the Matching Engine to match. If the order matches it is a "taker" (orders that are taking orders off the book instead of putting them in), if it doesn't then it is a "maker" (orders that are making the book).

Because our matching engine and orderbook are off-chain, there is no gas-fee required to place orders. However, when an order matches and needs to be executed in the Exchange smart contract, the "taker" of that order needs to sign the transaction and pay the gas fees required to execute the trade on-chain (which are minimal on Polygon zkEVM!).

Withdrawing

If you want to withdraw, you can head over to the same Deposit section you used to deposit funds. All you have to do is select which asset you would like to withdraw, input the amount you want to withdraw and click on the "Withdraw" button.

Please note that if you have any margin positions open, you can only withdraw up to your aggregate initial margin requirement.