Spot 🐸
Your guide to RiskSwap's spot trading through Central Limit Order Book
RiskSwap provides users with the ability to trade assets on spot through the Central Limit Order Book (CLOB). For this, the Serum ecosystem is used, thanks to which traders receive liquidity, instant execution of transactions with minimal spreads and a large selection of trading pairs.

Primary RiskSwap Setup

To trade on our platform, you need an SPL wallet, such as Phantom and some amount of SOL tokens to pay transaction fees.
Please be aware that using public computers can be unsafe. Your wallet can be compromised and the assets on it can be stolen. Please use only trusted PCs and a secure internet connection.
Connect the RiskSwap app to your wallet in the Solana ecosystem. If you haven't installed the wallet yet, please read this article. Optionally enable auto-approval of transactions in the interface of your wallet.
All transactions on the platform take place through an intermediary account, to which funds are directed when placing or executing an order. In order for the funds to be transferred from the intermediate account to the main account in automatic mode, enable auto-approval, otherwise, after each transaction, you must call the contract for the transfer of funds to the main account in manual mode using the “settle” button.
It's important to know that when auto-approval is enabled, the protocol can dispose of the contents of your wallet automatically, without confirmation from the user. The function can be turned "on" or "off" at any time.

How to trade on spot?

Congratulations! Your wallet is connected to the protocol and you are ready to trade!
Select the "Trade" section in the upper left menu and a trading pair you plan to trade. Currently, only limit orders are available. In the near future, support for other types of orders is expected.
After you have filled in all the fields, you can click the “limit buy/sell” button, and your order will be placed in the RiskSwap CLOB. You will be able to see it in the “open orders” section.
Note: If an order is executed or cancelled without auto-approval enabled, your funds will be placed in the intermediary wallet. You will be able to see them in the section shown below. To transfer cryptocurrency to your wallet, just click "settle".

Fees

Since RiskSwap uses the Serum ecosystem to trade on the spot market, commissions are paid in accordance with the Serum rules:
Fee tier
Requirements
Taker
Maker
0
Hold <100 SRM
22 bps
-3 bps
1
100 SRM
20 bps
-3 bps
2
1,000 SRM
18 bps
-3 bps
3
10,000 SRM
16 bps
-3 bps
4
100,000 SRM
14 bps
-3 bps
5
1,000,000 SRM
12 bps
-3 bps
6
1 MSRM
10 bps
-5 bps
If you have any questions, feel free to ask them in our Discord or Telegram!
Last modified 23d ago