Copy of DeOrderBook Docs
App
  • DeOrderBook Docs
  • 🌠Intro to DeOrderBook
    • What is DeOrderBook ?
      • DeOrderBook Core
      • Why use DeOrderBook?
    • Getting Started
    • Roadmap
    • Fees
    • Glossary
    • Litepaper
  • 💻DOB Website
    • DeOrder
    • Account
    • Lock
    • Claim & Exercise
    • Bazaar
  • 🪐The World
    • Characters
    • Concept and Backstory
    • Citizens (and Discord roles!)
  • 🙌HODL
    • Explaining HODL
    • Minting HODL
    • Staking HODL
    • Redeeming HODL
  • 🔅DeOrders
    • Explaining a DeOrder
    • Placing a DeOrder
      • How do I place a DeOrder/Buy?
      • How do I place a DeOrder/Sell?
      • Unstaking SNIPER and unwinding
  • 🔫SNIPER and BULLET
    • Explaining SNIPER and BULLET
    • Obtaining and Trading BULLET
    • Exercising DeOrders with BULLETs
    • BULLET Bazaar
    • BULLET Raffle
  • 🪙$DOB
    • Explaining $DOB
    • Claiming $DOB
    • Locking $DOB
  • 🏅Gerege NFT Program
    • Dual-Tier NFTs: Silver and Gold
    • Gerege Silver
    • Gerege Gold
  • ❔Support
    • Contract Addresses
    • FAQs
    • Tutorial Videos
  • 🤝Community
    • Social Media
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  • What do I need if I want to exercise a DeOrder?
  • How do I exercise a DeOrder?
  • Tutorial Video 🎥 : Exercising BULLET tokens
  1. SNIPER and BULLET

Exercising DeOrders with BULLETs

Exercise call options before they reach maturity

PreviousObtaining and Trading BULLETNextBULLET Bazaar

BULLET holders may choose to exercise DeOrders that have reached maturity and reached the chosen strike price.

What do I need if I want to exercise a DeOrder?

In order to exercise a DeOrder, you will need:

  • the correct amount of BULLET tokens with matching strike price and expiry parameters to the DeOrder you wish to exercise

  • the amount of HODL tokens that match the chosen strike price o the DeOrder

How do I exercise a DeOrder?

  1. Visit the DeOrderBook website at www.deorderbook.com .

  2. 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.

  3. Go to the

  4. Scroll down to find the BULLET tokens that you want to exercise. Ensure that you have the required collateral to match the strike price encoded in the BULLET tokens.

  5. Upon selecting the BULLET tokens you want to exercise, you'll be faced with a pop-up prompting you to select the number of HODL tokens you want to use to exercise.

Click 'Allow DeOrderBook to use your HODL' and wait for the transaction to be approved through Metamask.

  1. A success message will appear once the HODL tokens have been approved for use. Select the amount you'd like to use to exercise the BULLET tokens.

The 'Exercise' button will turn blue once you're all set. Click it and exercise those BULLET tokens!

Tutorial Video 🎥 : Exercising BULLET tokens

🔫
'Claim & Exercise' page.
BULLET tokens can be exercised: make sure you have the correct amount of HODL tokens needed or easily mint more before exercise.
You'll need to approve your wallet using your HODL tokens
Make sure you have enough HODL, or you'll be prompted to mint more from supported collateral before continuing