DBOE (DeFi Board Options Exchange) User's Guide for Beginners - Desktop
Last updated
Last updated
Welcome to dboe.exchange - the first DeFi European options exchange.
Get started with 4 quick and easy steps:
Step 1: Access the DBOE (DeFi Board Options Exchange) exchange
You can access the DBOE exchange on the DBOE app (For Android and IOS) or dboe.exchange.
DBOE (DeFi Board Options Exchange) interface on web browser
Step 2: Connect DeFi wallet to the exchange
Select “connect wallet” and follow the instructions.
To trade at DBOE (DeFi Board Options Exchange), you connect the exchange with your e-wallets. In which, Metamask wallet is chosen by many users to use.
Refer to the instructions for creating a Metamask wallet here.
Step 3: Instructions for placing trading orders at DBOE (DeFi Board Options Exchange)
1 - Select the expiration date and check the price ranges that interest you in Options Chain.
2 - View the current price and trading volume of that price range in the Order Book.
You can use the Black-Scholes formula to get the suggested option price by going to the “Online DBOE Pricer” section.
See more detailed instructions on how to use the Black-Scholes formula here.
3 - Place an order: Select the position you want to place with the same price and trading volume.
4 - Check PnL expected on due date in Order Preview.
5 - Submit an order by pressing the Approve button under Order Preview and following the instructions.
6 - Check transaction history in Open Orders, Trades, and Positions.
Watch detailed video instructions at https://www.youtube.com/watch?v=TmgRtAq_7_4
If you're new to options, visit the DBOE Academy for a complete guide to DeFi and options. Start learning here.