How To Short The Graph (GRT)

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Shorting The Graph is pretty straightforward, all you need is a cryptocurrency exchange that allows for short selling. While there are a few exchanges out there that have added the ability to short crypto, our recommendation is to use eToro. They’re well-known, have a global presence, and are trusted by millions of users from 100+ countries.

We’ll be using eToro in our guide, you can sign up with one of the sign-up buttons below.

Global: Sign up with eToro

USA: Sign up with eToro US

The Graph

Before we get started, let’s quickly explain what shorting is (for those that are new to it). Shorting is the practice of selling a cryptocurrency hoping it will drop in price so you can buy it back later for cheaper… which, if successful, will give you a net profit.

It might sound a bit complex but don’t worry, it’s a lot easier than you might think.

How to Short The Graph

Shorting The Graph can be done in 4 steps:

  1. Find a cryptocurrency exchange
  2. Sign up with the exchange
  3. Fund your account with fiat or crypto
  4. Short The Graph

1. Find a crypto trading platform

As mentioned before, for this guide we’ll be using eToro as they offer the ability to short the most common cryptocurrencies.

You can, of course, use any other cryptocurrency trading platform that allows for short selling.

etoro crypto

2. Sign up with the crypto trading platform

Let’s start with creating an account on eToro.

Global: Sign up with eToro

USA: Sign up with eToro US

 

eToro sign up form

The sign-up process is very quick, as is the verification that needs to be completed afterwards so you can get started.

3. Funding your account

Next is funding your account. You have several deposit methods to choose from when depositing funds into your eToro Account. These include a bank transfer, credit card, debit card, PayPal, and more.

4. Short The Graph

These are the steps to follow to execute a short sell:

  1. Go to the search bar at the top, find The Graph by entering the name.
  2. On the crypto page/section, on the right side, hit the TRADE button to enter the trading interface.
  3. At the top of the trading interface: Click on sell to short the crypto.
  4. Enter the amount for which you want to sell The Graph and click on “Open Trade”.

Once you’re ready to close the trade, hopefully when the value of The Graph has dropped, go to your Portfolio, find the The Graph trade, and click on the red cross to close the trade.

If your assumption/prediction was right, then the profit will be added to your account after closing the trade. If you were wrong on the other hand, you’ll incur a loss which will be debited from your eToro account.

Congratulations, now you know how to short The Graph!

Global: Sign up with eToro

USA: Sign up with eToro US

 

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.

 

Where to Short The Graph (GRT)

Aside from eToro, the other major exchange you can use is Binance.

While Binance tends to be a bit more advanced when compared with eToro, they do have a lot more digital assets to trade with.

 

Frequently Asked Questions

Can I short The Graph on Binance?

Yes, you can short The Graph on Binance. They have over 300 cryptocurrencies on offer, have a decent phone app and a lot of advanced trading features.

About The Graph

It is both an indexing protocol as well as a global interface that organizes and makes available blockchain data via GraphQL. Graph Explorer can be used by developers to search, locate, and publish all of the public data required to build decentralized application. Developers can use this tool to create serverless dApps which are entirely powered by public infrastructures.

It was founded in Yaniv Tal as Project Lead, Jannis Phlman as Tech Lead and Brandom Ramirez as Research Lead.

They closed a $5million private token sale that was funded by Framework Ventures (Digital Currency Group), Coinbase Ventures, and others. Multicoin Capital also participated in a $2.5million seed round. A public sale round for $12 million was also closed a few weeks before the mainnet launch.

Developers can define subgraphs which describe the structure of blockchain data to be used by app or dapp designers. Developers can query the network by using subgraph schemas that are paid with GRT tokens.

Indexers act as nodes to serve these data. GRT tokens are used to incentivize them with GRT tokens.

Because there are so many subgraphs available, curators are charged with finding the most helpful subgraphs to developers. GRT tokens can be used to reward curators who find the best subgraph for developers.

Developers can obtain the majority of essential Ethereum data from The Graph. This data includes data for Uniswap balancer, Curve curve, Aave moloch DAO, Compound and other data.

The Graph Apps and dapps includes CoinGecko. Uniswap Info. Decentraland. Synthetix. Aragon.

The service has also expanded to include data from other blockchains, such as Binance Smart Chains (Bitcoin, Cosmos), Avalanche and Flow, Polygon POSs, Arbitrum, Celo, Flow, Flow, Flow, Polygon POSs, Flow, Flow, Flow, Flow, Flow, Flow, Flow, Flow, Flow, Celo, Celo, and many more.

GRT coin is the native currency of the network and it's used for coordination work. Node operators (also called Indexers) are able to stake and earn GRT in exchange for processing queries. To protect the network and get rewards, anyone can delegate their tokens. The Graph data is organized by the Curators. They do this by signaling GRT for useful APIs, known as subgraphs. Delegators (indexers), Curators (curators) and Indexers work together in order to organize and maintain the global API for DeFi/Web3 and the crypto economy.

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