The fund managers are given access to a list of your very own agreement along with the option to create new agreements. Navigate to the “My Agreements” tab on the sidebar to start.
Follow the following steps to create an agreement:
There are two important toggles to pay attention to before CREATING your agreement.
The “New” sub-tab will show you all the agreements that you have made but have yet to publish. Agreements listed here will not be available to the clients. They will not be able to see nor enter the agreements, enabling the fund manager to edit the agreement before publishing them.
Follow the following steps to edit an agreement:
Follow the following steps to publish an agreement:
You will notice that your agreement has moved to the “Active” sub-tab. Please note that once an agreement was published and entered by a client, the fund manager will not be able to edit the agreement anymore.
The “Active” sub-tab will show you all the active agreements you have. This refers to all agreements that have been published and made visible to the clients. You can track the status of each agreement and manage them here.
The main status that you should pay attention to are; “Clients have entered”, “Clients may enter”, and “Active”.
CryptoHelp is currently integrated with two Decentralized Exchange Platforms (DEX’es); Uniswap (Ethereum Network) and Pancake Swap (BSC).
DEX’es refers to a platform that connects cryptocurrency buyers and sellers. Buyers and sellers can make transactions with each other without the involvement of brokers. In contrast, Centralized Exchanges (CEX) refers to a broker that facilitates cryptocurrency trading and they will charge a fee for their service.
CryptoHelp uses the integration inside the smart contract, enabling the fund manager to execute the transaction through it for additional security. Below is the visualization of how these integrations work on CryptoHelp.
*The ones with red font have yet to be integrated in CryptoHelp. We will have more integrations in the future. For example; yield farming (cream.finance)*
The “Trade” tab will allow the funds to be traded on these platforms without the need to withdraw any funds to their personal wallet.
The “Trade” tab will be where you can allocate your client’s fund and make trades. Each agreement will be separated by a distinct box, allowing 4 active positions to be made at a time.
Follow the following steps to enter a position (buy):
The selling process works in a similar way.
Price Impact
Every trade made on cryptocurrency assent will impact its price. Buy trades push the price of a given asset higher by exhausting the cheapest sell orders in the order book, while the opposite happens for sell trades. The extent to which the price moves as a result of trades largely depends on the liquidity of the trading pair affected. More liquid trading pairs will see a smaller price impact than those with lower trading volumes.
Liquidity Fee
A DEX usually has a liquidity provider to maintain the liquidity of a market and there is a fee to use their service. This is called the “liquidity provider fee”. The trades you made on any DEX will be subjected to it.
The liquidity fee for UniSwap is 0.3% while PancakeSwap charges 0.2%.
The fund managers are eligible to close an agreement prior to its end duration. The result of the agreement will be calculated normally based on its target return rate and collateral rate.
To close an agreement, navigate to the “Active” sub-tab on the “My Agreements” tab and click on the “Close” button on the corresponding agreement.
Let’s take a look at the last sub-tab, “Complete”.
The “Complete” sub-tab will show you all of the agreements that have been completed. This includes past agreements as well as newly completed agreements. There are 3 different statuses that you can find in this sub-tab.
An agreement can be settled if their status was marked as ‘Expired’ or ‘Closed’. Follow the following steps to settle an agreement:
After the process is completed, you will see the funds withdrawn to your wallet.