๐Ÿ›ก๏ธHow to Hedge

HEDGE

Hedging is like a financial safety net. Itโ€™s basically a strategy to protect you from a drop in prices when you think the market is going down.

With Umoja, you can lock in your gains by placing a hedge (synthetic put option).

Hereโ€™s how to place a Hedge:

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

Visit umoja.xyz and click โ€˜Launch Appโ€™ 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 โ€œHedgeโ€ at the top of the form.

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

Step 3: Choose a date or the duration you want your protection to last until. The date you select on the calendar is when your market loss coverage will end, or in other words, when your hedge will expire (specifically at 11:59:59PM on the date you select).

Step 4: Choose your strike price, meaning the price you want your protection to start at. Take a look at the current price of the token for reference.

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

Step 6: Review Hedge 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 Hedge details page in your Dashboard when the transaction is complete.

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