Doge-ing the Basics Page

Doge-ing the Basics: Your First Steps to Financial Ruin

What You'll Need

• A crypto wallet (MetaMask preferred, but we're flexible)

• Some USDC (your soon-to-be-ex-money)

• Nerves of steel (or a complete lack of risk awareness)

• A good therapist (for post-liquidation blues)

Opening Your First Position

Step 1: Approve Your USDC

Think of this as giving your money permission to bid you farewell.

Step 2: Choose Your Adventure

• Collateral: 1-1000 USDC (choose wisely, young grasshopper)

• Position Size: Determines your leverage (and possible doom)

• Direction:

  • Long = "DOGE to the moon!"

  • Short = "What goes up must come down"

Step 3: Send It!

Click that button and watch your money work harder than a beaver on Red Bull.

Example: The "I'm Feeling Lucky" Trade

// Opening a 50x long position with 10 USDC //
Translation: "I have 10 USDC and a gambling problem"
openPosition(
    ethers.utils.parseUnits("10", 6),   // 10 USDC collateral
    ethers.utils.parseUnits("500", 6),  // 500 USDC position (50x leverage)
    true                                // Long position (bullish on DOGE)
);

Closing Your Position

// For when you realize you've made a terrible mistake
closePosition();

Remember: In crypto, timing is everything. Unfortunately, most of us have the timing of a broken clock.