What Is Holdstation DeFutures ($HOLD)? A Guide to Using the Latest Derivatives Exchange on zkSync

What Is Holdstation DeFutures ($HOLD)? A Guide to Using the Latest Derivatives Exchange on zkSync

Holdstation DeFutures is an innovative trading platform product provided by Holdstation, supported all Ethereum-based virtual machine chains, enabling decentralized leveraged derivatives trading of up to 500x.

This platform offers a range of convenient trading features with low fees and user-friendly tools. Holdstation DeFutures is also integrated within the Holdstation ecosystem, encompassing additional services such as spot trading, asset storage, and staking.

What Sets Holdstation DeFutures Apart from the Rest of the Market?

Holdstation DeFutures is a trading platform that stands out with two vital features: Dynamic Price Feed (DPF) and Flexible Market Making (FMM). These cutting-edge functionalities are designed to enhance the trading experience for users.

Our platform is meticulously crafted to be simple and user-friendly, allowing you to execute transactions swiftly and effortlessly. With advanced and well-tailored algorithms, you can trade with confidence, knowing you'll receive the best prices for your transactions.

In addition, Holdstation DeFutures offers competitive transaction fees, surpassing those of most exchanges in the market. Furthermore, the collected fees are shared with liquidity providers and holders of the $HOLD token - RealYield.

Dynamic Price Feed (DPF)

Dynamic Price Feed (DPF) plays a crucial role in ensuring precise pricing for all traded assets on the platform.

The DPF algorithm is designed to calculate accurate average prices for all supported assets. This is achieved by gathering data from various sources, including decentralized oracles and real-time price data from leading centralized exchanges (CEXs).

By integrating multiple data sources, DPF minimizes the impact of inaccurate oracle values or abnormal trading activities. This helps to ensure the most accurate and reliable price data possible.

DPF is also integrated with Holdstation's Flexible Market Making (FMM) algorithm, enabling efficient and effective trading across a wide range of assets.

Dynamic Price Feed (DFF)

Holdstation DeFutures offers several advantages that enhance decentralization and empower users:

  • Non-Custodial
  • No KYC Requirements
  • Transparent Transactions
  • High-Accuracy Oracles with No Scam-Wicks
  • Unlimited Timeframe Trading

Flexible Market Making (FMM)

Holdstation DeFutures has designed the Flexible Market Making (FMM) model, drawing inspiration from the Dodo Proactive Market Making Model. It utilizes funding fees within blocks and applies them to all assets, including futures contracts for commodities, cryptocurrencies, and Forex.

The funding fee structure is simplified with a single smart contract that incorporates both pricing and funding fee logic, resulting in a seamless and efficient trading experience.

Holdstation's FMM model features a single versatile trading pool (i.e., a single smart contract) that handles pricing and funding fees logic.

Supported Assets and Leverage on Holdstation DeFutures

Crypto

Users can trade popular crypto assets like $BTC, $ETH, and more on Holdstation DeFutures with leverage of up to 150x, without any time restrictions.

Furthermore, in the future, there will be a continuous expansion of trading pairs to fulfill all user requirements.

Holdstation supports Crypto trading with leverage of up to 150x.

Forex

Holdstation DeFutures enables users to trade currency pairs with leverage up to 500x. Stay tuned for the addition of new Forex pairs like GBP/USD, EUR/USD, and more.

Commodities

Holdstation DeFutures introduces support for two commodity pairs, GOLD and USOIL, with leverage of up to 30x.

Fee Structure

  • Crypto: Enjoy a competitive closing/opening fee of 0.08%.
  • Forex: Experience low closing/opening fees of just 0.008%.
  • Commodities: Benefit from a favorable closing/opening fee of 0.05%.
  • Liquidation fee: Stay informed with a transparent liquidation fee of 0.02%.


Holdstation DeFutures Trading Guide

Step 1: Access holdstation.exchange

Step 2: Connect your wallet by Wallet Connect  

Step 3: Open position using the features available on the Holdstation DeFutures interface

  • Choose the Long/Short position to open
  • Set the order type as Market/Limit/Stop
  • Select the desired amount to allocate for opening the position
  • Grant permission to use USDC - Open the position
Trading Features of Holdstation DeFutures

Step 5: Once the process is completed, your positions will be visible in the central area. You have the flexibility to adjust/close/open positions as per your preference.

Guide to Use DeFutures Trading on Holdstation Wallet

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Providing Liquidity

  • At the holdstation.exchange interface, access the Vault
  • Information area about the
  • Vault Information area about users' assets in the Vault
  • Information area about incentivized rewards per Epoch

Guide to Providing Liquidity to hsUSDC Vault

Step 1: Provide liquidity to the Vault

  • Select "Vault" and navigate to the liquidity provision interface.
  • Use the Deposit/Withdraw features available.
  • Choose the amount of assets you want to provide as liquidity.
  • Grant permission and proceed with the Deposit/Withdraw operation.

This guide provides step-by-step instructions on how to provide liquidity to the hsUSDC Vault. By following these steps, you can efficiently contribute liquidity and participate in the ecosystem.

Holdstation DeFutures's Liquidity Provision Interface

Step 1: Access the Referral Section

To initiate the process of creating a referral link, access the "Referral" section on Holdstation DeFutures.

Step 2: Enter Email Address

In the Referral interface, enter your email address in the corresponding field. This ensures that the referral link will be sent to your correct email address.

Referral Interface

Step 3: Send Passcode for Verification

After entering your email address, select "Send Passcode" to have the system send a verification code to your email. This passcode will be used to verify and complete the referral link creation process.

After entering the passcode, you can track all the information about your referrals.

Summary

In conclusion, the above is all the information about the Holdstation DeFutures exchange, which is part of the Holdstation ecosystem. Readers can experience the products within the ecosystem to have the opportunity to receive airdrops from the project.


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Disclaimer:
The information, statements and conjecture contained in this article, including opinions expressed, are based on information sources that Holdstation believes those are reliable. The opinions expressed in this article are personal opinions expressed after careful consideration and based on the best information we have at the writing's time. This article is not and should not be explained as an offer or solicitation to buy/sell any tokens/NFTs.
Holdstation is not responsible for any direct or indirect losses arising from the use of this article content.
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