Waves is a decentralised, blockchain based platform that can be used for creating custom tokens that can represent any real-world assets. Tokens created on the Waves platform can be pegged to fiat currencies and other real assets, such as bonds, intellectual property, stocks etc. These custom token can then be managed and traded like any other digital asset. The Waves blockchain is powered by a cryptotoken of the same name.
You can margin trade WAVES on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short WAVES with leverage.
|Symbol||Description||Price||Max Leverage||Settlement Currency||Action|
|WAVESBTC||Waves Perpetual Swap||10x||BTC||See Market|
Complete details of the futures and perpetual contracts on WAVES that are listed on Delta Exchange are available below.
Perpetual contracts on WAVES are intended to provide returns of the underlying spot market in WAVES with the added advantage of leverage. Perpetual contracts do not have an expiry date. You can learn more about perpetual contracts here.
WAVES Perpetual contracts are quoted in BTC. All margin, Profit/ loss and settlement calculations are denominated in BTC.
WAVES Perpetual contracts are margined in BTC. This means you need to have BTC to trade these contracts. The maximum allowed leverage for WAVES Perpetual contracts is 10x.
The underlying index for WAVES Perpetual contracts is .DEWAVESXBT. It tracks the price of WAVES/BTC price from binance.
Funding is a series of continuous payments that are exchanged between longs and shorts in a perpetual contract to keep the price of the contract tethered to the underlying index.
At any given time, funding rate is equal to the difference of the mark price and the underlying index price. Funding is considered to be an 8-hourly interest rate and is computed and exchange every minute. When funding rate is positive, longs pay shorts. When funding rate is negative, shorts pay longs.
This contract is perpetual and does not settle.
You can directly buy or sell WAVES. This is called spot trading of WAVES. If you buy low and sell high, you will make profit. However, this trade only works when WAVES price goes up. Further, leverage trading is not possible in spot trading.
WAVES margin trading through derivatives addresses these shortcomings. The WAVES futures and perpetual contracts enable you to go benefit from both up and down move in WAVES. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first WAVES trade on Delta Exchange:
Delta exchanges offers trading in cryptocurrency futures. These futures offer: (a) up to 100x leverage and (b) ability to go both long or short. Crypto futures not only have the same features as margin trading, but also higher liquidity and lower trading fees.
Delta Exchange is a derivatives exchange. You can trade futures on cryptocurrencies, but not cryptocurrencies directly. The complete list of futures listed on delta is available here.
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