SECURED FINANCE USER GUIDE
Trading at Itayose (Pre-Open) Order Book
Let’s trade some cryptocurrency in our Itayose (Pre-Open) Order Book. Whether you’re an aspiring borrower or a savvy lender, Secured Finance’s Itayose is your gateway to seamless and efficient trading. Before we blast off, make sure you’re connected to our platform, have some ETH in your wallet, and are ready to make waves. New here? Don’t worry! Our user guide at the bottom of the page will get you up to speed.
Let’s get you to the launchpad. Click here to access the Itayose Order Book directly. Alternatively, you can navigate to the Itayose Order Book via the Market Dashboard. Simply scroll down to the table section and locate the ‘Pre-Open’ tab. Once you click on it, you’ll see various ‘Pre-Open Order’ buttons. Click on any of these, and you’ll be directed to the Itayose Order Book.
You’re all set to trade!
Let’s choose your asset. (Select Bitcoin as your asset.)
Note that the Pre-Open Order Book offers only a single maturity date.
Borrowing? Remember first to provide collateral.
As it’s a Pre-Open Order Book, they are all Limit Orders, which means you can set your own terms. We also show your ‘Available to Borrow’.
Now, choose the ‘Bond Price’ you’re comfortable with, enter the ‘Amount’ of Bitcoin you want to borrow, and hit ‘Place Order’. You can see the ‘APR’, and the ‘Estimated Present Value’ of your limit order.
A confirmation window will pop up where you can double-check the details, and when you’re ready, click ‘OK’.
Once ‘OK’ is clicked, you will need to confirm execution using your MetaMask wallet.
A few seconds later, you’ll get a message on the status of your transaction. You can also check on the link of your Transaction Hash. Click ‘OK’ to close the box.
Now, let’s check where your orders are placed. You can see your Order added to the Orderbook and all your Open Orders.
Do take note that Simultaneous borrow and lend orders are now allowed during Itayose.
Lending? Choose your source. Lend from your wallet or your borrowed asset held at Secured Finance’s Token Vault.
As it’s a Pre-Open Order Book, they are all Limit Orders, which means you can set your own terms. We also show your ‘Available to Lend’.
Now, choose the ‘Bond Price’ you’re comfortable with, enter the ‘Amount’ of Bitcoin you want to lend, and hit ‘Place Order’. You can see the ‘APR’, and the ‘Estimated Present Value’ of your limit order.
A confirmation window will pop up where you can double-check the details, and when you’re ready, click ‘OK’.
Once ‘OK’ is clicked, you will need to confirm execution using your MetaMask wallet.
A few seconds later, you’ll get a message on the status of your transaction. You can also check on the link of your Transaction Hash. Click ‘OK’ to close the box.
Now, let’s check where your orders are placed. You can see your Order added to the Orderbook and all your Open Orders.
Be the conductor of your financial orchestra! View all available orders, current ‘Midprice’ and ‘APR’, and modify yours as needed. Adapt, strategize, and trade like a pro bond trader.
After you are satisfied with your order, it’s time to wait for the Itayose process. This unique feature ensures a transparent and orderly market opening. All overlapping bids and offers are matched, and the opening price is determined. Watch as the market gracefully finds its balance.
Post-Itayose, the Pre-Open Order Book transitions to normal trading Order Book. Orders not matched during Itayose remain in the Order Book. Orders matched during Itayose are completed at the opening price. Take a bow! You’ve just traded cryptocurrency rates like a champion.
Step-by-Step Guide Series
DeFi Apps Onboarding Guide
This guide will walk you through the steps you need to take to start using DeFi apps. You’ll learn how to set up your MetaMask wallet, connect it to DeFi apps, and get test ETH from Sepolia faucets.
Secured Finance User Guide
This guide offers a concise walkthrough of the platform, covering key aspects from preparing test tokens and managing collateral to executing transactions. It also delves into advanced trading strategies that are unique to Secured Finance.
