AmaraSwap with DIONE Wallet — In-Wallet DEX on Odyssey

Step-by-step guide to perpetual futures trading on Odyssey Chain — including the AlliedOffsets carbon market integration.

Last updated: 2026-05-01

---

What AmaraSwap is

AmaraSwap is a perpetual futures decentralized exchange (PerpDEX) built on Odyssey Chain. Spot DEX on Odyssey is DiamondSwap; AmaraSwap covers the perpetual side.

PerpDEXs let users open leveraged long or short positions on tokens without holding the underlying assets. The mechanics: deposit collateral (typically USDC), open a position with chosen leverage, position tracks the underlying token's price, close when ready. Funding rates flow between long and short positions to keep the perpetual price aligned with spot.

What makes AmaraSwap distinct in the PerpDEX category is the asset coverage. Beyond DIONE perpetuals and standard crypto pairs, AmaraSwap recently added carbon credits and clean energy assets through the AlliedOffsets partnership. This brings $1.3B in annual carbon market data flow on-chain, accessible to anyone with USDC on Odyssey Chain.

Why AmaraSwap matters for DIONE Wallet users

Three reasons.

Native to Odyssey Chain. AmaraSwap operates on Odyssey, not on Ethereum or other chains. Trading on AmaraSwap supports Odyssey's transaction volume and validator economics — keeping liquidity on the chain rather than off-chain.

DIONE perpetuals. Trade DIONE long or short with leverage. For users with DIONE-specific theses (positive or negative), perpetuals offer expression beyond spot holding.

Carbon and clean energy market access. Previously, carbon credit markets were institutional-only — minimum trade sizes in the tens of thousands of dollars, limited to entities with established broker relationships. AmaraSwap × AlliedOffsets makes these accessible on-chain at retail trade sizes. For users specifically interested in the renewable-energy thesis underlying DIONE Protocol, this is the operational extension into adjacent markets.

Step 1 — Bridge USDC to Odyssey Chain

AmaraSwap settles in USDC on Odyssey Chain. If you're starting from USDC on Ethereum, Polygon, Arbitrum, or another chain, bridge first.

The Wanchain bridge at /migration handles cross-chain transfers between Odyssey and major EVM chains.

Steps:

1. Open the Wanchain bridge
2. Connect your wallet (DIONE Wallet via WalletConnect, or MetaMask if Odyssey is configured)
3. Select source chain (e.g., Ethereum)
4. Select destination chain: Odyssey
5. Select USDC, enter amount
6. Approve USDC spending on the source chain
7. Confirm bridge transaction
8. Wait for cross-chain confirmation (typically 5-15 minutes)

After confirmation, USDC appears in your Odyssey Chain wallet. Now you can trade on AmaraSwap.

Step 2 — Connect DIONE Wallet to AmaraSwap

AmaraSwap connects via WalletConnect v2, which DIONE Wallet supports natively.

1. Open amara.exchange in your browser
2. Click Connect Wallet
3. Select WalletConnect
4. A QR code appears (or a deep link prompt if you're on the same device)
5. Open DIONE Wallet
6. Click the WalletConnect icon (or the Scan button in the wallet UI)
7. Scan the QR code (or accept the deep link prompt)
8. Confirm the connection in DIONE Wallet
9. AmaraSwap shows your address connected

Your DIONE Wallet doesn't need to be the active browser session. The connection works across windows and devices through WalletConnect's pairing protocol.

Step 3 — Open a position

With wallet connected and USDC available:

1. On AmaraSwap, select the trading pair (e.g., DIONE/USDC perpetual)
2. Select position direction: long or short
3. Select leverage (typically 1x to 50x depending on pair)
4. Enter collateral amount (USDC)
5. AmaraSwap shows the resulting position size, liquidation price, fees, and estimated funding rate
6. Click Open Position
7. DIONE Wallet receives the transaction signing request
8. Review transaction details in DIONE Wallet
9. Approve

After confirmation (typically a second or two on Odyssey), the position appears in your AmaraSwap dashboard.

Step 4 — Manage and close

Your position remains open until you close it or it gets liquidated. Manage by:

• Monitoring price and PnL in the AmaraSwap dashboard
• Adding collateral to lower liquidation risk
• Reducing position size to take partial profits
• Closing fully to realize PnL

To close:

1. Navigate to your open position
2. Click Close
3. Choose full close or partial close
4. DIONE Wallet receives close transaction
5. Approve

PnL settles in USDC back to your wallet. Funding rates accrued during the position duration are netted into the final PnL.

The carbon credit and clean energy markets

AmaraSwap's AlliedOffsets integration adds asset categories beyond standard crypto perpetuals.

Carbon credits — verified emission reduction units from major registries (Verra VCS, Gold Standard, American Carbon Registry, Climate Action Reserve). Tradable as perpetuals, with prices tracking AlliedOffsets' benchmark indices like Tradable20.

Clean energy assets — exposure to renewable energy generation projects, often through tokenized representations of forward power contracts or REC (Renewable Energy Certificate) baskets.

These markets had been institutional-only. Minimum trade sizes were typically large; access required broker relationships and registry-specific accounts. The AmaraSwap × AlliedOffsets integration brings retail accessibility through standard crypto perpetual mechanics.

For users interested in the renewable-energy thesis broader than just DIONE token exposure, these markets are the operational extension.

Risks and honest caveats

Leverage risk. Perpetual futures with leverage can lose more than your collateral if liquidations cascade. Use leverage you actually understand.

Funding rate cost. Long and short positions pay or receive funding rates to keep perpetual prices aligned with spot. In trending markets, holding a long position can accumulate significant funding payments.

Smart contract risk. AmaraSwap is smart contract infrastructure. Despite audits, smart contract risk is non-zero. Don't deposit more than you can afford to lose.

Market depth on smaller pairs. DIONE perpetuals and crypto majors typically have reasonable depth; carbon credit and clean energy pairs may have thinner books with wider spreads.

Bridge risk. The Wanchain bridge is a separate piece of infrastructure with its own security profile. Bridges have historically been a source of high-value crypto exploits — minimize the time bridged USDC sits unused.

Price volatility. Carbon credit prices in particular can be volatile. AlliedOffsets benchmarks track institutional pricing, but on-chain liquidity may diverge from off-chain markets.

---