# DeOrderBook Core

### DeOrderBook Core Functions

<figure><img src="https://content.gitbook.com/content/BsnGpEEb8OMmsJGOe82I/blobs/e1eJjd49mRphvsJuxvpa/Frame%201.png" alt=""><figcaption><p>View our flowchart covering all the main functions of DeOrderBook.</p></figcaption></figure>

Too many users have stacks of `$BTC` or stablecoins such as `$USDC` lying in their wallets gathering dust. DeOrderBook has an elegant solution to help ensure users keep accumulating wealth even while they keep their most beloved currencies close. Using a revolutionary protocol design that takes oracles out of the equation, DeOrderBook is able to offers users real yield and maximum capital flexibility in a uniquely secure environment of decentralization.\
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The DeOrderBook solution revolves around the four core token types that make up its ecosystem, each with their own important associated actions.

* [HODL](https://docs.deorderbook.com/hodl/explaining-hodl): To enter the DeOrderBook ecosystem, users must first mint HODL tokens from supported cryptocurrencies. HODL tokens can then be used as collateral to back [DeOrders](https://docs.deorderbook.com/deorders/explaining-a-deorder), which are essentially limit orders.
* [$DOB](https://docs.deorderbook.com/usddob/explaining-usddob): The native governance token of the platform, earned at a continuous rate as placed DeOrders mature. `$DOB` can be [locked back](https://docs.deorderbook.com/usddob/locking-usddob) onto the platform for rewards in the form of revenue-sharing and BULLET tokens.
* [SNIPER](https://docs.deorderbook.com/sniper-and-bullet/explaining-sniper-and-bullet#what-are-sniper-tokens): An option writer obligation token, generated in tandem with BULLET tokens when placing a [DeOrder](https://docs.deorderbook.com/deorders/explaining-a-deorder). Can be combined with matching BULLETs to unwind orders at any time before expiry date.
* [BULLET](https://docs.deorderbook.com/sniper-and-bullet/explaining-sniper-and-bullet#what-are-bullet-tokens): An option right token, generated in tandem with SNIPER tokens. These are awarded to eligible [$DOB lockers](https://docs.deorderbook.com/usddob/locking-usddob), and have the unique property of being able to exercise DeOrders. Tradable at the [BULLET Bazaar](https://docs.deorderbook.com/sniper-and-bullet/bullet-bazaar).

### Tutorial Video 🎥 : How DeOrderBook Works

{% embed url="<https://youtu.be/JiULzMoKYk8?si=-IP58_GwpOUtfexk>" %}
Explore the world of DeOrderBook with a step-by-step animation explaining our flowchart.
{% endembed %}
