> ## Documentation Index
> Fetch the complete documentation index at: https://docs.priest.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# Quickstart

> Get trading on Priest.trade in less than 5 minutes. This walkthrough guides you through connecting your wallet, acquiring test or mainnet...

Get trading on Priest.trade in less than 5 minutes. This walkthrough guides you through connecting your wallet, acquiring test or mainnet funds, placing your first leveraged position, and managing it.

***

## Step 1: Connect your wallet

1. Open [priest.trade](https://priest.trade) in your browser.
2. Click **Connect Wallet** in the top-right corner.
3. Choose your preferred connection method:
   * **Privy Embedded Wallet:** Sign in seamlessly with your email, Google, Twitter, or passkey. Privy automatically provisions a non-custodial EVM wallet.
   * **External EVM Wallet:** Connect Rabby, MetaMask, Phantom (EVM), Coinbase Wallet, or any injected EVM provider.
4. Ensure your wallet is connected to the **Monad** network (Chain ID: `143` for mainnet, `10143` for testnet). The app will prompt you to switch if needed.

> [!NOTE]
>
> For detailed wallet troubleshooting, see [Connecting Your Wallet](https://docs.priest.trade/getting-started/connecting-your-wallet.md).

***

## Step 2: Acquire MON and USDC

To trade on Priest.trade, you need two assets:

* **MON:** The native gas token of Monad, used to pay network fees (fractions of a cent per transaction).
* **USDC:** Native Circle USDC on Monad (`0x754704Bc059F8C67012fEd69BC8A327a5aafb603`), used as margin collateral for all perpetuals positions.

### On Monad Testnet

If you are testing on Monad Testnet:

1. Obtain testnet MON from the official Monad Testnet faucet.
2. In the Priest.trade app header, click **Faucet** to mint MockUSDC straight to your wallet.

### On Monad Mainnet

Bridge or transfer native USDC and MON to your Monad address using official ecosystem bridges.

***

## Step 3: Select a market

Navigate to the **Trade** tab or browse the **Markets** discovery page:

* **Warmup Markets:** Newly launched tokens within their first 24 hours (leverage capped at 10x for safety).
* **Active vAMM Markets:** Primary-rail tokens with mature volume (leverage up to 40x).
* **Graduated Markets:** Tokens that have graduated to Uniswap v4 spot liquidity and the secondary oracle engine.
* **Listed Markets:** Community-listed tokens trading off Uniswap v3/v4 pools.

Click any market row to load the trading terminal, live candlestick chart, and order form.

***

## Step 4: Place your first trade

1. On the right-hand order panel, select your trade direction:
   * **Long (Green):** You profit if the token price rises.
   * **Short (Red):** You profit if the token price falls.
2. Choose your order type:
   * **Market:** Fills immediately against the vAMM or secondary engine.
   * **Limit:** Sets a specific target entry price.
3. Enter your **Margin Collateral** in USDC (e.g. 50 USDC).
4. Adjust the **Leverage Slider** (e.g. 5x).
   * Your **Position Size** (Notional) will automatically calculate: $\text{Notional} = \text{Collateral} \times \text{Leverage}$ (e.g. $50 \times 5 = 250\text{ USDC}$).
5. Review your estimated entry price, price impact / slippage, trading fee (0.10%), and liquidation price.
6. Click **Approve USDC** (one-time approval) and then **Open Long** or **Open Short**.
7. Confirm the transaction in your wallet. Thanks to Monad's 1-second block times, your order will confirm almost instantly!

***

## Step 5: Manage your position

Once your order confirms, your live trade will appear in the **Positions** table beneath the chart:

* **Entry Price:** Your execution price.
* **Mark Price:** Current mark price of the contract.
* **Unrealized PnL:** Real-time dollar and percentage profit or loss.
* **Liquidation Price:** The price at which your position becomes eligible for liquidation. Keep your collateral healthy to avoid liquidation!
* **Add / Remove Collateral:** Click the `+` or `-` buttons next to your margin to increase your buffer or withdraw excess profits.
* **Set TP / SL:** Click **Set TP/SL** to configure automated on-chain Take Profit and Stop Loss triggers.
* **Close Position:** Click **Market Close** or **Limit Close** to exit your position and return your margin plus realized profit to your wallet.

***

## What's next?

* Learn more about the mechanics in **[Order Types](https://docs.priest.trade/trading/order-types.md)**.
* Understand the complete fee structure in **[Fees](https://docs.priest.trade/trading/fees.md)**.
* Explore how to launch your own token in **[Launching a Token](https://docs.priest.trade/launching-tokens/launching-a-token.md)**.
* Earn passive yield on your USDC in **[Counterflow Vault](https://docs.priest.trade/vaults/counterflow-vault.md)**.


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