Comprehensive Guide on CVEX Lite Version and Some More Stuff

August 28, 2024

Together with the new CVEX v.1.171 update, we have introduced the CVEX Lite Version. In general terms, it is a simplified trading terminal interface with fewer elements and indicators. Why did we do it? Well, it’s quite simple: some traders don’t pay attention to most indicators, and these can become unnecessary visual clutter. But for our experienced friends, we have left all this in the Pro Version. 

But what exactly has changed?

How to Switch?

Firstly, let's understand how to get to the Lite Version. In general, the Lite Version is the first at launch, as it is objectively user-friendlier. However, in case it didn't happen, to get to it, use the drop-down list in the upper right corner of the screen. Click on it and select Simple Trading.

No More Noise

The first difference you may notice is the reduction of visual noise and the reduction of information content in the interface. There are two pictures at the bottom, compare them for yourself:

For instance, we’ve removed the Margin Utilisation parameter. You can still see how your position will affect the required margin, but unclear percentages are a thing of the past. Also, the Leverage indicator has taken the form of a slider for more convenience. As you know, in the future, we will introduce the ability to select the leverage yourself, and this is the first step in that direction.

One more change has been made to fees. In the end, for most traders, it doesn't matter what part of the commission is for operational fees and what part is for trading fees. So now you can see the total value. For example, to buy one Bitcoin, you will spend $2.7 on commissions.

Finally, order types. As our statistics show, a few users actually use these features (although we consider them necessary for competent trading), so now we have left them only for the Pro version.

New Account Details

In the new Lite Version, we have simplified the display of your account details and portfolio. Again, there are two pictures below for comparison:

Here's what's changed:

  • The Margin Utilisation and Required Margin metrics have been merged. Now, in account details, the first metric is listed as a percentage and the second as a number.
  • The USDC Collateral indicator has been removed. You can now see it in the Pro Version or calculate it yourself by adding Equity and P&L. 
  • Available to Withdraw became Available Collateral, which is closer to the truth. After all, this amount can be used for opening new positions and for withdrawal to a stablecoins wallet.

More Contracts Information

Now, in the upper part of the terminal, you can see the percentage change in the asset price without having to calculate everything yourself. Also, detailed information for fundamental analysis of the asset is available by clicking on a separate button in the upper right corner of the chart. 

We have also decided to limit the variability of selecting contracts for trading in the Lite Version, leaving only those that have a later settlement date. This decision is based on the feedback received from the audience and statistics collected by us.

What Else?

Along with the Lite Version, we have introduced several other features that can help you trade faster and more efficiently. You need an example, don't you?

New Contract Search

Now, by clicking on the contract name or using the shortcut Ctrl+M (the shortcut does not work in the Lite Version), you will open a new contract search box. Here, you can find the asset you are interested in a more convenient format.

Balance Increase/Decrease without Wallet Confirmation

Since CVEX v.1.171, each balance change no longer requires additional confirmation from your wallet. This improvement required some hard technical decisions from us, but we have achieved the result. Now your trading should be much smoother. 

Note: We are aware that this improvement has caused excessive load on the smart contract, leading to delays or errors in balance changes. We are working on this and will address the situation with the next hotfixes. Thank you for your feedback!

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And This Is not the End!

You can read about other changes in our recent blog

We are truly happy that we are one step closer to our goal - the Mainnet release. And this update is the last step before we prepare for the release. So stay tuned and don't forget to leave your feedback in our community. Happy testing!

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