The terminal has two modes, switched next to the logo: Practice trades a practice balance instantly with no wallet, Testnet settles every order on Robinhood Chain testnet with free test tokens. This guide is for Testnet mode. You need a browser wallet, a little testnet ETH for gas, and mUSDC you claim on the page. Setup takes a few minutes and four transactions to sign.
The one thing to know
Claiming puts mUSDC in your wallet. Orders only use your balance inside the venue, so the mUSDC has to be deposited before the order button unlocks. The top bar shows both: In wallet is your wallet, In venue is what you can trade with. On a phone the top bar shows only your address; both balances are in the Testnet wallet card.
Setup · step 1 of 8
Setup · step 2 of 8
Setup · step 3 of 8
Setup · step 4 of 8
The step people missTrade · step 5 of 8
Each book is one trader's whole account on fomo.family or pump.fun, priced by the venue's mark. How the mark is built.
| Est. fill | The price your order is expected to fill at, spread included. |
| Spread | What a fill pays over the mark: 30 to 300 bps, wider when prices move fast or one side is crowded. |
| Fee | 0.15% of the size (15 bps), on every fill. |
| Margin required | Size divided by leverage: the position's margin. |
| Held until the fill | What leaves your venue balance when you commit. See below. |
| Est. liquidation | Where the position would be liquidated, leaving out fees and funding. |
| Room on this side | Whether the book's open-interest cap has space for your size: up to $100,000 per side, less on smaller accounts. |
| A $100 order on a 2x book | at 2x | at 1x |
|---|---|---|
| Margin | $50.00 | $100.00 |
| Buffer | $5.00 | $5.00 |
| Fee | $0.15 | $0.15 |
| Held until the fill | $55.15 | $105.15 |
Trade · step 6 of 8
Orders do not fill the moment you press the button. Your commit records the order; a keeper executes it once the three minutes after your commit have passed, at the average mark over those three minutes, the forward TWAP. Nobody can trade on a price they can already see.
Trade · step 7 of 8
Trade · step 8 of 8
Where am I?
Paste a wallet address, or use the wallet in this browser, to see which steps are done. This only reads the chain. Use my wallet asks your wallet to share its address; nothing here ever asks for a signature.
Troubleshooting
| What you see | What it means | What to do |
|---|---|---|
| No wallet found, or a grey Connect wallet button | The page cannot see a browser wallet. | Install MetaMask, Rabby or Phantom, then reload. |
| Phantom: "reaches Robinhood Chain testnet only with Testnet Mode on" | Phantom only knows this network in Testnet Mode, and a page cannot add networks to it. | In Phantom: Settings, Developer Settings, Testnet Mode. Then connect again. |
| The page connected the wrong wallet | Several wallets are installed. | Reload and pick the other one in the dialog. If no dialog appears, the other wallet is not announcing itself; disable it for this site. |
| Deposit $56 first on the order button | Your venue balance is empty. mUSDC in your wallet does not count. | Press it: it deposits what the order needs (step 4). |
| Deposit $38 more first | The order needs more than your venue balance holds. | Press it to deposit the difference, or lower the size, or raise the leverage. |
| Claim 1,000 mUSDC first | Your wallet holds no mUSDC and the daily claim is open. | Press it, then press again to deposit. |
| deposit to size an order next to Size | No venue balance to size an order against. | Deposit. |
| Claimed · 23h | One claim per wallet every 24 hours. | Wait, or trade what you already have. |
| Trading paused or Closing only | The book is not open right now: prices are stale, or it is winding down. | Pick another book. In a closing-only book you can still close. |
| "no signed price for this book yet" | No signed price has been published for this book yet. | Pick another book, or try again shortly. |
| The order stays "waiting for the fill" | The fill needs three minutes of fresh prices after your commit. | Check that the top bar says prices live. After 24 hours without a fill the order can be cancelled and everything returns. |
| The order shows cancelled | The price moved more than 10%, the cap filled, or the book changed status. | The margin is back in the venue. Place the order again. |
| A transaction fails at once with insufficient funds | No testnet ETH for gas. | Use the faucet (step 2). |
| Your first deposit fails | First deposits must be at least 20 mUSDC. | Deposit 20 or more. |
Words on the page
| Venue | 0x82BD386B89240F40Fc0ff0a7451eD4ED80B146a1 |
| Mock USDC | 0x2D4c6ED557092940B83fEef08456623DEEc63759 |
| Oracle | 0xFDF377eFF6607DbaC6a19f14cF2e434F6D4EA2C9 |
| Backstop vault | 0xa7eaC50B05216f6B27f51C60fc0DB6591cc839C6 |
| Chain | Robinhood Chain testnet · 46630 |