# FAQ ### **Q: What is Marginly?** A: Marginly is a smart contract-based margin trading & derivatives application that allows users to take up to 20x leveraged long and short positions on crypto-assets across different DEXes in multiple networks. ### **Q: Who developed Marginly?** A: A dedicated team within [EQlab](https://eqlab.io/) is working on Marginly. ### **Q: How can I get involved with Marginly?** A: Join our [Discord](https://discord.gg/e69RwaaC) for feedback and discussion, follow us on [Twitter](https://twitter.com/marginlycom) to keep up with the news and check out Marginly’s [Galxe](https://galxe.com/marginly) space to participate in contests and other promotional activities. ### **Q: How do I trade on Marginly?** A: Marginly app is in public beta so anyone can try it out by visiting beta.marginly.com ### **Q: How do I get testnet tokens?** A: Testnet tokens can be obtained in [this](https://discord.com/channels/1097798692003655781/1124273397321453669) discord channel. Type /get and paste your address. Please note that tokens can only be received once per address. ### **Q: Can I swap testnet tokens?** A: Sure! Feel free to use this direct link: for swapping assets ### **Q: What chains/networks does Marginly support?** A: At the moment Marginly supports Arbitrum, Polygon and zkSync. More networks might be supported in the future. ### **Q: What oracle does Marginly use?** A: Marginly uses Uniswap V3 TWAP oracle for V1 of the protocol. Refer [here](https://marginly.medium.com/marginly-protocol-design-100-decentralized-and-trustless-739716e61a3f) for additional information. ### **Q: How is the liquidation price calculated? Why is my liquidation price so close to my entry point?** A: The way leverage trading works is that the liquidation price moves closer to the entry price as leverage increases. This makes high leverage plays both lucrative and risky as even a small move against the trader in the price of the underlying may result in liquidation. Refer [here](https://docs.marginly.com/protocol-mechanics/risk-management/liquidations-and-deleveraging) for a detailed breakdown and examples. ### Q: Has the code been audited? A: An agreement has been reached with Quantstamp regarding an audit. More info [here](https://marginly.medium.com/marginly-set-to-undergo-an-audit-with-quantstamp-ahead-of-protocol-launch-bf09025d06d). ### Q: Is there a Marginly token? A: There is no native Marginly token yet however a tokenomics release is planned after Marginly launches on mainnet. ### Q: Is there a public sale? A: There is no public sale. The project is self-funded. ### Q: Is there a way to earn Marginly tokens or other rewards in public testnet? A: There are testnet trading contests that reward winners with future Marginly native token allocations. More information [here](https://marginly.medium.com/marginly-beta-trading-contest-announcement-f41f297c0297). ### Q: I received a private message promising free tokens/NFTs/future airdrop allocation. Is it real? A: No, it's a scam. We do not message users directly offering free tokens or NFTs of any kind. We also do not offer users any private investment opportunities. ### Q: Who do I contact for partnerships, integrations and other proposals? A: Feel free to reach out to Discord moderators and you’ll be assisted with your query.