Trading

How To RAVE TRADE

This guide covers the process of trading on RAVE on the RAVE TRADE app interface

To open and close trades on RAVE you will need:

1. A Web3 wallet, like Metamask, connected to RAVE Chain.

2. Init Tokens (whether to use as gas or trade with)

3. Any other Altcoins in your wallet you wish to use on RAVE. If your trading, these tokens serve as collateral, essentially the value you're putting up when opening a trade.

Interface Overview

Market Selection/Dashboards:

The first step of executing a trade is degerming which market you would like to speculate on. In the top left corner of the page, select from the drop down menu the market you wish.

Making a Trade - Trade Widget Upon Choosing your market - navigate to the trading widget on the right side of the page to input trade details.

1. Choose Trade Type (Long or Short):

   • After choosing your desired market, decide whether you want to take a long (betting the price will go up) or short (betting the price will go down) position on BTC.

2. Select Collateral (Pay):

   • From the dropdown option, select which token, and how much of the token you use as collateral. This amount represents your initial investment and is the maximum amount at risk if the trade is liquidated.

3. Set Leverage:

   • Choose a leverage multiplier for your trade. Leverage amplifies your exposure based on your collateral. Ex: 1 RAVE collateral * 200 leverage = 200 RAVE token net exposure. Keep in mind higher leverage increases the risk of liquidation.

4. Specify Max Slippage:

   • Set a maximum slippage percentage to protect your order. This will cancel your market order if the price moves significantly in your trade's direction before it opens.

   • Example: If you are going long and the price jumps 1% before your trade executes, the order will be automatically canceled.

Note: Always consider the risks associated with leverage and market volatility and slippage

1. Open the Trade

• Upon providing the information above, the trade button will turn either green (for longs), or red (for shorts)

• Upon clicking the long or short button, a final confirmation box will appear - this box allows you to verify the correct parameters of the trade.

• A transaction request will also appear to execute the trade. Assuming the information in the confirmation box appears correct, execute the transaction on your own wallet to open your trade.

Confirmation Box for Trade

Note: if this is your first time trading, you will need to make two wallet executions - 1 to approve interactions with RAVE contracts and 2 to execute the trade.

1. Trade Processing

• Upon executing the transaction, a confirmation message will show that the order has been received. And a loading bar will show the processing of the trade

Confirmation of Order

Bar to Check Status

• Immediately after, RAVE app will confirm the trade, a confirmation will show that the the position has been opened

1. Live Trade - Viewing the details of an Open Trade

• Your Trade is now Live! You can view its details by clicking on it under "Open Trades", directly under the price chart

Closing a trade

I. Click on the X to the right hand side of your trade in Your Open Trades

Click the X to Close the Trade

II. Upon clicking the X for your designated trade, a wallet transaction to execute the closure will also pop up, along with a confirmation button.

III. Execute the transaction, and your trade will be closed - with profits and losses distributed back to your wallet. IIII. Your closed trade will populate in "trade history" tab where you can view the trade details going forward.

Advanced Features

RAVE offers several features for the advanced trader including stop loss, take profit, and limit.

Limit Orders

To execute a limit order, on the trading widget, switch from "market" to "limit". From there you can input all of your trade parameters, including the limit price, or price at which you wish for the trade to execute.

Stop Loss and Take Profit For each trade, users are able to input stop loss and take profit parameters. Stop Loss will close the trade upon reaching a certain loss level, whether designated by percent loss or market price. Take Profit will likewise also close the trade upon reaching a profit level, which can also be designated by either percent profit or market price.

Setting TP/SL

Users are able to set stop loss and take profit points as parameters when opening the trade in the trade widget.

Setting Stop Loss in Trade Widget

Users are also able to update TP/SL for open trades by viewing the "open trades" tab and clicking on the "SL/TP" column for a specific trade.

Click on the Sl/TP column for a specific open Trade

Updating TP/SL of Open Trade

Note on Stop Loss, Take Profit, and Limit Orders: Stop-loss, take-profit, and limit orders may not execute exactly at the specified prices due to market volatility, user-selected slippage, and oracle update timing. Please keep in mind and trade accordingly