How do I place a DeOrder/Buy?
Buying the dip with DeOrderBook
How do I place a DeOrder/Buy?
Visit the DeOrderBook website at www.deorderbook.com .
Connect your supported wallet to the platform. At the time of writing, DeOrderBook supports Metamask, and Wallet Connect. For ease of explanation, this tutorial will use Metamask.
Make sure you're on the DeOrder page, as shown below. You should also have already minted HODL tokens to use as collateral for your DeOrder. If you don't have enough HODL tokens, you'll be prompted to mint some before being able to place a DeOrder.
You'll need to mint $uHODL tokens from $USDC to place a Deorder/Buy.
On the upper dropdown, you will be able to select 'uHODL' or 'bHODL' once you've minted the appropriate HODL tokens. Since we are placing a DeOrder/Buy, we will select 'uHODL' and the amount we'd like to buy with.
Once you've input the desired amount of uHODL to buy with, as well as an expiry date and strike price: a vAPR will be shown and the 'Approve' button will turn green as shown below. Click 'Approve' and allow Metamask to use your HODL tokens.
A grey 'Transaction success!' message will appear on the upper righthand corner once your wallet has been approved to use HODL tokens. The green button on the DeOrder model should now show 'Buy to Earn' and a projected APR. Click 'Buy to Earn' to process the DeOrder.
You'll see a coin flipping animation start as the network processes your DeOrder. It might take a while: but don't worry, networks get clogged sometimes but your transaction will go through soon!
Once the transaction has successfully gone through, you'll receive a pop-up of the Goddess Dobia showering you with $DOB rewards, as well as a detailed summary of the full transaction details.
Congratulations, you've placed a DeOrder! Now sit back and start watching those $DOB rewards come pouring in!