Bet
Bet Overview
Place a bet on whether an asset price ends up inside or outside a defined range at expiry date.
Placing Bet Orders
In the Stories tab, select Bet
Enter your order parameters
Type: Select "Inside Range" or "Outside Range" bet
Bet/Capital at Risk: The amount of premium paid to enter the trade.
Range: Select Range
Target Earn: The limit price at the auction, it reflects how much one wants to earn for spending the premium if price at expiry ends up inside/outside the range. This amount is translated as expected APR.
Verity Order Summary
Order limit: Order price
Collateral requirement: The amount required to be locked so as to ensure that the order enters the auction.
Platform fee: Fee to be paid in case of execution.
Total premium: The total to be paid net of fees.
"Submit to Auction" and approve your transaction in your wallet
Bet Contract
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