How to Trade on FNDZ: What You Should Know as a Vault Owner.
FNDZ utilizes decentralized finance (DeFi) infrastructure to provide a highly secure, fully automated, and easy to use copy trading platform. The FNDZ ecosystem consists of the FNDZ token, which has various utility features, and the FNDZ platform, which allows experienced traders to create and manage vaults into which their novice counterparts can deposit digital assets.
Vault owners carry out trades using the digital assets deposited into their vaults. This guide shows you how to trade as a FNDZ vault owner. However, before you can trade on the FNDZ platform you must first create a vault.
Vault management page
Once you have created a vault you can manage it and view its performance by clicking the ‘My Vault Detail’ button. Clicking this button will bring you to the vault management page entitled “My Vaults.”
The vault management page contains an overview of key statistics and figures related to your vault(s). At the top, you will find four boxes showing you, from left to right, the total amount deposited; the total number of depositors; average monthly return; and total profits.
Vault management grid
The middle part of the vault management page contains a list of all the vaults under your management. You can create as many vaults as you wish.
Hovering your cursor over one of your vaults will reveal a “View Details” button. Clicking this button will bring you to the vault view page.
The vault view page contains a summary of the configuration and key settings of your vault, including the timelock period, denomination, and smart contract addresses.
Next to the “Vault overview” tab is the “Trade” tab. Clicking this tab will take you to the vault manager’s trading interface, containing buttons for buying and selling as well as graphs of price movements.
You can select the asset you wish to purchase by clicking on the button containing an abbreviation for an asset (by default ‘ETH’). This will open a drop-down menu of available assets. Not all assets are listed; only those which have passed a rigorous vetting process are available for trading by vault managers. We have pre-selected Ethereum chain and Binance Smart Chain assets.
Clicking on the “Sell” button will take you to the selling interface. For both buying and selling, you simply select the amount you wish to sell or buy and then click the “Buy” or “Sell” buttons.
The buying and selling interfaces contain tabs for various more advanced trading methods: limit buys, market buys, stop-limits, and take profit. Each of these grants you a more fine-grained control over your trading. All trades are executed via Paraswap, a leading dex aggregator for price execution.
ParaSwap has been chosen to make the trading experience as frictionless as possible. ParaSwap simplifies the exchange of Ethereum and Binance Smart Chain tokens by removing most of the complexity that is currently required to perform trades at market rates.
ParaSwap simplifies the process of comparing prices and optimising swaps (while accounting for gas costs and other variables) so you can concentrate on your trading strategy.
There are several advantages to trading with the Paraswap DEX aggregator:
1. Large swap liquidity
ParaSwap is the most cost-effective alternative for orders >15 ETH due to its ability to split orders among multiple decentralised exchanges.
2. Optimize capital deployment
ParaSwap offers a ‘MultiPath’ functionality for all swaps, wherein the algorithm measures the viability of splitting transactions between multiple DEXs or routing through another token all at once. It also simplifies a series of transactions involving interactions with many DeFi protocols such as swaps between Aave’s or Compound’s deposit contract.
3. Take profits and save
MultiPath can also be used to aggregate your DeFi activities and minimise the impact of gas costs on your strategies. If you’re trading in the ERC-20 token market, for example, ParaSwap makes it simple to take profit and save fees in one optimized transaction.
4. Pay friends
You can use ParaSwap to skip any unnecessary extra steps when making a payment in a currency you don’t hold. With Swap & Transfer, you can pay them with any of your tokens, and ParaSwap will send them for you — just be sure to check the destination address!
5. Multi-chain trading
FNDZ runs on the Binance Smart Chain. In the future FNDZ will extend to other chains as well. Depending on which chain you choose, different assets are available for trading and different transaction costs and trade execution times apply.
One of the key tenets of the FNDZ vision is that the platform should be easy to use and manage. Trading on and operating a vault is no exception to this vision.
Happy trading and many happy returns!