Once you have Drops in your account, you now have the ability to utilize all of our tools that run on Drops. One of the more popular is Dex, our automated trading platform. First, lets setup your Dex profile. To activate you first must deposit Drops into the Dex user portal.
Adding to Dex for the first time
Once you have added Drops to the Dex user portal, you can now deposit the Drops into Dex. To do so, visit the Performance page using the navigation menu.
You will see a window popup that allows you to configure the amount to deposit and the settings to use.
Risk strategy This setting is what will subscribe you to a particular risk pool made up of logic and strategy befitting that particular level. We recommend clicking here to learn more about risk strategy before deciding which option to go with.
Reinvest This slider allows you opt to reinvest all Dex profits following the completion of a cycle back into Dex.
Withdraw distribution If you don’t want to reinvest 100% of Dex profits, this setting will allow you to choose how much you would like to reinvest and how much you would like to cashout to a wallet of choice.
Withdraw destination If you adjusted the “withdraw distribution” slider, this setting allows you to choose where to send the cashout portion of Dex profits following the completion of a cycle. You may send to an external wallet such as an Exchange or third-party wallet like MEW. Click to see our list of supported Dropil exchanges; alternatively, you can send them to your Dex portal wallet.
Clicking the “Send to Dex” button will start your Dex profile and begin your first 15-day Dex cycle. Note: The USD value of your deposit is calculated based on the 24-hour average Drop token price displayed at the time of starting and is used for the entire duration of your 15-day cycle.
Adding more Drops into ongoing Dex cycle
There may come a time that you would like to modify your ongoing Dex cycle. For example, if you would like to add more Drops or change your risk level mid-cycle.
- Funds can never be added to Dex during an active cycle; however, you can schedule Drops to be added at the beginning of your next cycle
- To do this click the “Add to Dex” button located on the Performance page of the Dex user portal
A window will popup to add to Dex. Drag the slider or input the number of Drops you wish to add to your next Dex cycle.
Once you have confirmed the number of Drops you are adding is correct, click the “Send to Dex” button. Your Drops will be queued to be added to your next cycle.
Changing Dex settings during the cycle
Just like adding Drops, you can queue settings changes for the next cycle. You can change the risk level and your reinvest/cashout distribution and destination.
- On the performance page, in the “Dex Funds” section there is a “Settings” button in the top corner. Click this and you will be taken to your Dex settings.
- The Dex settings screen will allow you to make changes to your risk level and your reinvest/cashout distribution and destination. If you want to add Drops instead, use the Add to Dex button
- We are going to update our Risk setting from Moderate to Aggressive, but not change the reinvest settings.
- Your settings will get queued for the next cycle, this is why when visiting the settings window again, you will see your current settings
- If you have made a mistake and wish to cancel changes go back to the settings menu
- When you have pending updates, you will see a red “cancel changes” button. Clicking this will cancel all pending changes including queued additional Drops. If you want to cancel changes, but not queued Drops, you will have to cancel and then add the Drops to Dex again
Things to remember
When using Dex keep these things in mind
- When adding Drops to Dex, the value of your deposit is based on the 24 hour average Drop price (higher price is better)
- You can queue up more Drops or settings changes for the next cycle, any additional settings updates will overwrite any pending settings updates
- You can withdraw a partial amount of Drops instantly from Dex if needed; however, you will lose the proportional amount of unrealized profit.