VDEX
  • overview
    • Introduction
    • What is VDEX?
    • Core Features
      • Omnichain Trading
      • Full Self-Custody
      • Sustainable BTC Yield
      • ZeroGas Transactions
      • Sub-Millisecond Finality
      • No KYC, No VPN Restrictions
  • Trade
    • Platform
      • Getting Started
      • Platform Navigation
      • Deposit and Withdraw
      • Supported Collateral
      • Pairs
      • Finality Time
      • Perps
      • Orders
      • CLOB
      • Margin
      • Leverage
      • Liquidations
      • Fee Schedule
      • Gas Fees
      • Funding Rate
      • Insurance Fund
    • Access
      • Chain Abstraction
      • No VPN, No KYC
    • Beta
    • Market Making
    • Security
      • VDEX Fund Protection
      • Dispute Resolution Mechanism
      • Oracle and Collusion Safeguards
  • Yield
    • Virtual Market Maker
    • Volatile Asset Collateral
    • Fund Strategy
  • Ecosytem
    • Overdrive
      • Overdrive: The Ultimate Trading Advantage
        • Activating Overdrive
        • Key Participants
      • Market Makers-Overdrive
      • Traders-Overdrive
    • Bug Bounty Program
    • Bug Reporting Guidelines
    • Contact & Support Channels
    • FAQ
    • Whitepaper
    • Definition of Terms
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On this page
  • Collateral Options on VDEX
  • Why Are Profits Settled in USDT?
  • How It Works
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  1. Trade
  2. Platform

Supported Collateral

Trade with ETH, BTC, and USDC – Settle in USDT

VDEX allows traders to deposit multiple assets as collateral while ensuring that all profits and losses are settled in USDT. This design enhances capital efficiency, reduces volatility risks, and provides a stable settlement currency for all traders.

This feature helps you put your idle and volatile assets to use without having to forcibly convert them into stablecoins.

Collateral Options on VDEX

Traders can deposit and use the following assets as collateral:

✅ Ethereum (ETH) – The most widely used asset for DeFi trading. ✅ Bitcoin (BTC) – Leverage the largest crypto asset for perpetual trading. ✅ USD Coin (USDC) – A stablecoin collateral option for those who prefer reduced exposure to volatility.

All deposits remain in their native form, meaning you don’t need to swap your collateral before trading.

Why Are Profits Settled in USDT?

On VDEX, all realized profits and losses (PnL) are settled in USDT, regardless of the deposited collateral type.

🔹 Stability & Predictability: Since USDT is pegged to the US dollar, it prevents the uncertainty of PnL fluctuations caused by collateral price volatility. 🔹 Simplified Accounting: Traders can easily track earnings in a single stable currency without worrying about BTC or ETH price swings. 🔹 Instant Withdrawals: Since USDT is widely accepted across DeFi platforms, traders can withdraw and use their profits immediately without additional conversions.

For example:

  • If you deposit BTC and make a $5,000 profit, your profit will be credited in USDT instead of BTC.

  • If you deposit ETH and take a $1,000 loss, the loss will be deducted from your collateral in USDT equivalent value.

This system ensures that all traders operate on a level playing field, avoiding the unpredictable impact of asset price changes on PnL.

How It Works

1

Deposit

Deposit any supported collateral (BTC, ETH, or USDC).

2

Trade

Trade across all supported markets without needing to swap assets.

3

Settle

PnL is settled in USDT, ensuring consistent profit realization.

4

Withdraw

Withdraw collateral at any time without conversion restrictions.

By keeping PnL settlements in USDT, VDEX ensures smooth trading, stable profits, and easy capital management—all while giving traders the flexibility to use their preferred collateral assets.

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Last updated 3 days ago