Trading on GSOL

Trading overview

GSOL is a decentralized exchange on Solana blockchain that lets you trade without a username or password. The platform uses oracle-based pricing sourced from Pyth and use Chainlink as fallback , which reduces the risk of liquidations from temporary wicks.

Positions and Orders

GSOL perpetual markets operate using a vault-based model, where traders open positions against a shared liquidity pool instead of matching directly with other traders.

Each position is defined by:

• Collateral (Margin): The capital deposited by the trader

• Position Size: The total exposure derived from collateral and leverage

• Leverage: Multiplier applied to collateral to increase exposure

• Direction:

  • Long — profit from price increase

  • Short — profit from price decrease

Profit and loss (PnL) is calculated using a linear model, meaning it is proportional to the position size and price movement.

Pricing Model

GSOL uses an oracle-based pricing mechanism instead of an orderbook.

• Prices are derived from external oracle feeds

• A price range is used to ensure fair execution and reduce manipulation

• A mark price (average) is used for display and internal calculations

Execution prices depend on position direction to maintain fairness and system integrity

Order Types

GSOL supports multiple order types to provide flexible trading strategies:

• Market Order Executes immediately at the current oracle price

• Limit Order Executes when the oracle price reaches a specified level

• Stop Market Order Triggers a position when a defined price threshold is reached

• Take-Profit / Stop-Loss (TP/SL) Automatically closes positions to lock in profit or limit losses

• TWAP (Time-Weighted Average Price) Splits large orders into smaller parts executed over time to reduce price impact

Execution Model

GSOL does not rely on a traditional orderbook.

• Orders are triggered by oracle price conditions

• Execution is performed by keepers (off-chain executors)

• There is no queue priority or passive matching system

This ensures consistent execution even in low-liquidity conditions.

Position Management

Traders can:

• Increase or decrease position size

• Add or remove collateral

• Set multiple TP/SL conditions

• Partially or fully close positions

PnL is realized upon closing a position and includes all applicable fees and price impact.

Risk Considerations

• Execution is not guaranteed for trigger-based orders during extreme volatility

• Price movements may skip trigger levels due to oracle updates

• Leverage and collateral directly affect liquidation risk