πŸš€How to Boost

BOOST

Boosting is similar to what you might know as a β€˜call’ option. You are basically betting that the price of an asset will increase without having to own or buy that particular asset.

With Umoja, you can use a BOOST (synthetic call option) to take a leveraged long position without the risk of liquidation.

Here’s how to place a BOOST:

(The numbers below are not trading advice and are for educational purposes only).

Visit umoja.xyz and click β€˜Launch App’ on the top right corner.

This will direct you to protocol.umoja.xyz. Confirm if the URL in your browser matches protocol.umoja.xyz

Step 1: Click β€œBOOST” at the top of the form.

Step 2: Select a token from the list and the amount that you want to bet.

Step 3: Choose the duration for the length of your BOOST. The end date is when your Boost will expire (specifically at 11:59:59PM on the date you select).

Step 4: Choose your strike price: Your strike price represents the price above which a BOOST is activated.

Step 5: This is optional, but helpful. If you want to view more information on what a Collateral is and how it works, click β€˜Learn more’.

Step 6: Review BOOST Details: Click "Details" to see a summary of the collateral required, fees, and Total down payment amount.

Step 7: Connect your wallet and approve the transaction. You will be redirected to the details page in your Dashboard when the transaction is complete.

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