Marginly is a smart contract-based margin trading & derivatives application that allows users to take up to 20x leveraged long and short positions on crypto-assets across different DEXes and AMMs such as Uniswap, SushiSwap, Curve, Balancer, and others.
Enkrypt is a multichain, self-custodial, and open-source crypto wallet built by the team behind MEW (MyEtherWallet). With Enkrypt, users and developers can generate accounts, manage tokens and NFTs, and interact with DApps on Arbitrum, as well as parachains. Follow the instructions in this guide on how to use Enkrypt with Marginly!
Head to the "DApps" section of Arbitrum in Enkrypt. From here click on Marginly. Once on the Marginly website, click on "Launch App".
Due to U.S. regulations, you won't be able to access marginly.com from the states. If you're in a country that allows it, the following page will load!
Click on "Connect Wallet".
Click on "Enkrypt".
Enkrypt will pop up, click on "Connect".
The following pop-up will appear. Click on "Sign Message" to agree with Marginly's ToS and enter the website.
And we're in! Click on ETH, ARB, or any token to start trading with leverage.
By clicking on ETH or ARB, you'll be taken to the page below. Here you can enter in the details of your trade - whteher you want to go long, short, and how much leverage you want to apply.
When you're done leverage trading, head back to the home page. Click on "Earn" to check out the liquidity pool interface.
By lending your assets to Marginly, you'll earn an APR dependant on the pool you contribute to.
Click on any pair to begin lending.
Enter in how much you'd like to lend then click "Lend ARB".
Head back to the home page. Click on "Swap" to exchange crypto assets.
Select which assets and how much you'd like to swap, then click "Get USDC".
Returning to the home page, click on "Tasks" on the top right corner.
Here you'll find the Marginly Achievement system. Complete the tasks to earn tickets, use your tickets to enter into their weekly raffles!
Thanks for checking out this guide on using Marginly with Enkrypt! Make sure to download Enkrypt for a seamless web3 multichain wallet experience. If ETH on mobile is more your vibe, join our millions of users on MEW mobile crypto wallet - available on both iOS and Android!