Question 1

How do I get started?

Accepted Answer

Getting started with perpetuals trading on GeroWallet takes just a few minutes. First, install the Gero Dashboard browser extension from the Chrome Web Store and create or import your Cardano wallet. Next, ensure you have ADA in your wallet for both trading collateral and network transaction fees. Then navigate to the Perpetuals section in your dashboard where you'll find the Strike Finance integration. Connect to the protocol, select whether you want to go long (profit when price rises) or short (profit when price falls), choose your leverage multiplier, enter your position size, and execute your trade. We strongly recommend starting with small positions and low leverage to familiarize yourself with the platform before scaling up.

Question 2

What are perpetual futures?

Accepted Answer

Perpetual futures are derivative contracts that allow traders to speculate on the price of an asset like ADA without an expiration date. Unlike traditional futures contracts that have fixed settlement dates, perpetuals are designed to trade indefinitely. They use a funding rate mechanism (periodic payments exchanged between long and short traders) to keep the contract price aligned with the spot price. This ensures the derivative stays pegged to the underlying asset value. With GeroWallet's Strike Finance integration, you can trade these instruments with leverage while maintaining non-custodial control of your assets on the Cardano blockchain.

Question 3

How does leverage work?

Accepted Answer

Leverage allows you to control a larger trading position with a smaller amount of capital, amplifying both potential gains and losses. For example, with 2x leverage, a $100 deposit controls a $200 position. If ADA rises 10%, you profit 20% on your margin. However, leverage is a double-edged sword: losses are also magnified. If the market moves against you beyond your maintenance margin threshold, your position will be automatically liquidated to prevent further losses. GeroWallet displays your liquidation price clearly so you can manage risk effectively. We recommend starting with lower leverage ratios until you understand the mechanics.

Question 4

Is my wallet still non-custodial when trading?

Accepted Answer

Yes, your wallet remains fully non-custodial throughout the entire trading process. All trades are executed through audited smart contracts deployed on the Cardano blockchain, and you maintain complete control of your private keys at all times. Unlike centralized exchanges where you must deposit funds and trust a third party, Strike Finance's decentralized protocol enables leverage trading without ever surrendering custody. Your assets stay in your wallet until you open a position, and settlement happens directly on-chain. This means no counterparty risk, no withdrawal delays, and complete transparency of all transactions.

Question 5

What fees are involved?

Accepted Answer

Trading perpetuals on GeroWallet involves three types of fees, all transparently displayed before you confirm any trade. First, trading fees are charged when opening and closing positions (typically 0.1% of position size). Second, funding rates are periodic payments exchanged between long and short traders every 8 hours. You may pay or receive funding depending on market conditions and your position direction. Third, standard Cardano network transaction fees apply (usually under 1 ADA). There are no hidden fees, deposit fees, or withdrawal fees since you maintain custody of your assets throughout.

Question 6

What happens if I get liquidated?

Accepted Answer

Liquidation is a risk management mechanism that automatically closes your position when losses approach your deposited collateral. It occurs when the market moves against you and your margin falls below the maintenance threshold (typically 6.25% of position value). When liquidated, your position is force-closed at the current market price, and you lose the collateral you allocated to that specific position, but never more than that amount. Your remaining wallet balance is always safe. To minimize liquidation risk: use lower leverage ratios, monitor your positions regularly, maintain adequate margin buffers, set mental or automated stop-losses, and never risk more capital than you can afford to lose.

Question 7

Can I close my position anytime?

Accepted Answer

Yes, you have complete flexibility to close your position at any time while markets are active. Simply navigate to the open positions section in your Gero Dashboard and click "Close Position." The protocol will execute your closure at the current market price through the on-chain order book. Your realized profit or loss is calculated instantly and settled directly to your wallet after deducting any applicable trading fees and pending funding payments. There are no lock-up periods, no withdrawal queues, and no approval processes. The decentralized nature of Strike Finance means you always maintain full control over your trading activity and can exit positions whenever you choose.

Question 8

What is Strike Finance?

Accepted Answer

Strike Finance is a decentralized perpetual futures protocol built natively on the Cardano blockchain. It provides the smart contract infrastructure that powers trustless leverage trading directly on-chain, without intermediaries. Strike Finance uses an innovative virtual AMM (vAMM) model for price discovery and liquidity, combined with an insurance fund to protect against cascading liquidations. The protocol has been audited and integrated directly into Gero Dashboard, providing you seamless access to perpetual futures trading without leaving your wallet interface. This partnership brings institutional-grade derivatives trading to Cardano's DeFi ecosystem.

Feature	GeroWallet	Centralized Exchange
Custody	You control your keys	Exchange holds your funds
KYC Required	No	Yes
Withdrawal Limits	None	Often restricted
Settlement	On-chain, transparent	Off-chain, opaque
Counterparty Risk	Smart contract only	Exchange solvency
Account Freezing	Not possible	Can freeze anytime

Trade ADA Perpetual Futures Without Leaving Your Wallet

How Perpetuals Trading Works

Connect Your Wallet

Select Your Position

Execute Trade

Manage & Close

Why Trade ADA Perpetuals on Gero

Non-Custodial Security

On-Chain Transparency

Leverage Your Position

24/7 Market Access

No KYC for Trading

Integrated Experience

Gero vs Centralized Exchanges

Professional Trading Features

ADA/USD Trading Pair

Real-Time Price Feeds

Flexible Leverage

Instant Settlements

Position Monitoring

Advanced Order Types

Frequently Asked Questions

Ready to Start Trading?

Important Risk Disclosure

Market Volatility

Leverage Amplifies Risk

Liquidation Risk

Smart Contract Risk