Spot Trading
USDC swaps into ERC-20 tokens on Base. No leverage, no liquidation risk.
Spot trading lets the room swap USDC for ERC-20 tokens on Base, and back. No leverage, no funding rates, no liquidations. Just buying and selling.
Opening a swap
Tap Spot in the chat bar to open the spot drawer.
The drawer shows:
- Buy or Sell. Tabs at the top. Buy uses the fund's USDC, Sell returns USDC.
- Token selector. Search by symbol or paste a contract address.
- Amount. In USDC or in token units.
- Slippage. Default sits at a sensible value. Tighten on liquid tokens, loosen on thin ones.
- Live quote. Price is fetched fresh each time you change the amount.
Confirming the swap posts a spot trade card to the room.
Managing positions
Every spot position the fund holds shows in the Trading Fund dashboard:
- Token, balance, and average entry price.
- Live mark price.
- Realised and unrealised PnL.
To exit, open the position card and use the close drawer. It's the same flow as a sell from the spot drawer.
Base only
Spot swaps run on Base mainnet. If you want to swap a token that lives on another chain, bridge it to Base first.
Trust warnings
The drawer surfaces token warnings before you confirm: low liquidity, high price impact, brand-new contracts. Read them before sending the trade.
Points
Spot trading volume counts toward your weekly points. See the Points Program.