Thetis FAQ

Frequently Asked Questions

General

Does Thetis charge any fees?

• Thetis itself does not charge any fees.

• The fees you see are related to the Aptos network (similar to gas fees) and minor deposit fees for creating associated token accounts (ATAs), which will be refunded when the account is closed.

Are Liquidity Provider fees included in the quoted price?

• Yes, the displayed price includes liquidity provider fees and price impact. You can find the details in the price info table.

My swap fails, reporting a slippage error. What should I do?

Slippage occurs due to changing market conditions between the moment the transaction is submitted and its verification. Adjust your slippage settings if needed. By default, slippage is set to 0.1%, meaning if the price slips more than 0.1% of your quote, the trade will not be completed. You can increase the slippage rate in case market is very volatile to ensure the trade go through.

Liquidity Pools

How do I add liquidity to Thetis pools?

• To add liquidity, go to the Thetis Earn page and connect your Aptos Wallet.

• Choose the desired liquidity pool (BTC/USDC, ETH/USDC, APT/USDC, etc.), enter the amount, and complete the transaction.

How do I sell my Thetis LP tokens?

• Go to the same Thetis Earn page, select the pool from which you want to remove liquidity
• Switch to the "Sell" tab, enter the amount, and complete the transaction.

What fees are associated with adding and removing liquidity?

• Add Liquidity Fees: Positive Impact: 0.05%, Negative Impact: 0.07%

• Remove Liquidity Fees: Normal Pool: 0.07%, Stable Pool: 0.02%

Perpetual Trading

How does Thetis ensure transparent and secure trading?

• Thetis uses on-chain trading mechanisms, allowing users to access all trader positions, balances, and the entire liquidity and treasury of the protocol.

• This transparency eliminates obscured Proof of Reserves and Balance Sheets issues found in centralized exchanges.

How do I open a perpetual trading position?

• To open a long position, deposit collateral matching the underlying asset (e.g., APT for an APT/USD position).

• To open a short position, deposit a stablecoin. Select your leverage, enter the amount, and confirm the trade.

What is the liquidation process on Thetis?

• Liquidation occurs when the Net Value (with liquidation price impact) falls below 1% of the position notional value.

• The system will automatically close the position if the token's price crosses this point.

Wallet and Security

Which wallets are supported by Thetis?

• Thetis supports major wallets suitable for the Aptos Network, including Petra, Pontem, Martian, OKX, Bitget, and Fewcha.

How does Thetis eliminate intermediaries?

• Thetis's blockchain and smart contracts assume the roles of traditional intermediaries, empowering users with full ownership and self-custody of their assets, reducing third-party risks.

Partnerships and Collaboration

How can I partner with Thetis?

For collaboration and partnership inquiries, please contact us at [e-mail]. Join our Discord and open a “collaboration” ticket to connect with us.

How do I integrate Thetis into my protocol or dApp?

Protocols and projects can integrate Thetis using our APIs. We encourage reaching out to our team once the integration is live for co-marketing opportunities.

Others

In the Wallet transaction history, I don't see the swap. Did I receive my tokens?

The wallet transaction history is based on blockchain data decoding, which some wallets may not do correctly. Check your swap history on Thetis from the right menu and use the block explorer link to verify the transaction.

My swap fails, reporting that the account does not have enough APT. Why?

On Aptos, APT is used to pay for transactions and rent fees for token accounts. Ensure you have enough APT to cover these fees.

How do I get my new project token to be available to trade on Thetis?

Follow the process of minting a new token and setting up a liquidity pool on a permissionless DEX. Ensure a minimum amount of liquidity ($500) to be picked up by Thetis. For token verification, follow our public Token verification process.