Beginners Guide to Deri V3 Trading
Important Update:
With “External Custody”, Deri V3 has adopted the Venus Protocol to achieve the scalability of base tokens.
As of Deri V3, traders can deposit the following base tokens as margin to trade perpetual futures and everlasting options:
- BUSD
- USDC
- USDT
- XVS
- BNB
- BTCB
- ETH
- LTC
- SXP
- XRP
- DOT
- LINK
- DAI
- ADA
- CAKE
- TUSD
- TRX
- MATIC
Part one: Futures
To get started visit Deri.finance
Step 1: Click ‘Futures’ at the upper menu of Deri’s official website to enter the Futures section.
Step 2: To select the trading symbol of your choice, click on the small arrow pointing upwards. This will open the market window. Trading symbols that remain long term as demand is quite high (e.g BTC/USDT、ETH/USDT.etc) are in the “Main” section
The Inno Zone marks trading symbols that will be evaluated and added by team in regard to their innovation or the brisk request by the Deri community.
This tutorial will be illustrated using the BTCUSD trading symbol as an example. Choose BTCUSD in Main zone.
Step 3: Then click “Deposit” to transfer funds from Wallet to Deri Protocol to charge your DEX account with margin.
Step 4: The account deposit window appears. Firstly, choose the base token you’d like to transfer to the Deri platform and use as margin , we’re taking BUSD (1) as an example. Secondly, enter in the amount of BUSD you’d like to transfer from your wallet ( or you can directly select the percentage (2) by your total BUSD amount in your wallet). Once you have decided on an amount, click” Approve”.
Step 5: Confirm your request on the wallet by clicking “Confirm” in order to have the funds transferred to Deri Protocol. Your deposit is successfully transferred once the hint “ Deposit success” occurs at the upper right corner. On the Account Panel info located at the top left corner, you can see your available, added Margin.
Step 6: Now we’re ready to open a BTCUSD position! Move to the “Buy” section in the bottom corner, set the notional amount in BTC you’d like to buy (Or you can directly enter the notional amount in USD, it will be converted to BTCs equivalent). Instead of the manual input or the given percentage buttons, there is also a slider to adjust the amount.
Step 7: Click “Buy/Long” (1). A transaction confirmation window appears which sums up all the transaction details. Once convinced, hit the “Buy/Long” button. Confirm your wallet request to open your position.
Step 8: The hint “Transaction success” means you have successfully opened your transaction. Information of your open position(s), you have opened up, will be included in your “Positions” tab.
Step 9: if you seek to close a specific position, you can click “Close” in the position tab ,which results in a complete close of your position. Once you hit the close button, you need once again to “Confirm” the closure request on your wallet. The hint “Close position success” means you have successfully closed your position.
Step 10: You can view your detailed trading history in the “History” section. Referring to the picture below, the information of two transactions we did, i.e buying BTCUSD & selling BTCUSD are recorded in ‘’History“ section now.
Part Two: Options
Step1: Click ‘Options’ at the upper menu of Deri’s official website to enter the Options section.
Step 2: To select the trading symbol of your choice, click on the small arrow pointing upwards (1). This will open the market window. Each trading symbol includes different strikes. Click on the arrow pointing downwards to display the strikes of the respective symbol. This tutorial will be illustrated using the BTCUSD-50000-C strike as an example, click “BTCUSDT-50000-C” to select your strike (2)
Step 3: Then click “Deposit” to transfer funds from Wallet to Deri Protocol, charging your DEX account with margin.
Step 4: The account deposit window appears. Firstly, choose the base token you’d like to transfer to the Deri platform and use as margin, choosing BUSD as example here. Secondly, enter in the amount of BUSD you’d like to transfer from your wallet ( or you can directly select the percentage (2) by your total BUSD amount in your wallet). Once you have decided on an amount, click ”Approve”.
Step 5: Confirm your request on the wallet by clicking “Confirm” in order to give permission to Deri Protocol to access your wallet funds. Then click “Deposit” after the hint “Approve success” occurs at the upper right corner. Then confirm again on the reoccurring wallet page. Your deposit is successfully transferred once the hint “ Deposit success” occurs again. On the Account Panel info located at the top left corner, you can see your available, added Margin.
Step 6: Here is the extra benefit for traders: When you deposit tokens as margin, some XVS earning will be distributed to you as extra benefit. Click the upward arrow under “Dynamic Effective Balance” to see your XVS earning, and click “Collect” to take earning.
Step 7: Now we’re ready to open a BTCUSD position! Move to the “Buy” section in the bottom corner, set the notional amount in BTC you’d like to buy (Or you can directly enter the notional amount in USD, it will be converted to BTCs equivalent). Instead of the manual input or the given percentage buttons, there is also a slider to adjust the amount. Once done, hit the “Buy / LONG” button.
Step 8: A transaction confirmation window appears which sums up all the transaction details. Once convinced, hit the “Buy/Long” button. Confirm your wallet request to open your position.
Step 9: The hint “Transaction success” means you have successfully opened your transaction. Information of your open position(s), you have opened up, will be included in your “Positions” tab.
Step 10: If you seek to close a specific position, you can click “Close” in the position tab, which results in a complete close of your position. Once you hit the close button, you need once again to “Confirm” the closure request on your wallet. The hint “Close position success” means you have successfully closed your position.
Step 11: You can view your detailed trading history in the “History” section. Referring to the picture below, the information of two transactions we did, i.e buying BTCUSDT-50000-C & BTCUSDT-50000-C are recorded in ‘’History“ section now.
The complete trading steps of Deri Derivatives are on display here.
You can also watch Documentation Guide on how to trade Futures & Options: https://docs.deri.finance/trading/deposit-margin
About Deri Protocol
Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.
Deri is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm and positions are tokenized as NFTs, highly composable with other DeFi projects. Having provided an on-chain mechanism to exchange risk exposures precisely and capital-efficiently, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.
