spot_imgspot_img
spot_img
HomeCOINSWhat Is Ferret (FRT)? Complete Guide Review About Ferret.

What Is Ferret (FRT)? Complete Guide Review About Ferret.

What Is Ferret (FRT)?

The easiest way to understand a stop-limit order is to break it down into stop price, and limit price. The stop price is simply the price that triggers the limit order, and the limit price is the price of the limit order that is triggered. Ferret means that once your stop price has been reached, your limit order will be immediately placed on the order book. Similar to a stop-limit order, a stop market order uses a stop price as a trigger. However, when the stop price is reached, it triggers a market order instead. A trailing stop is an order type designed to lock in profits or limit losses as a trade moves favorably.

Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction. Post-only Mode means that Traders can only place an Order if it would be posted to the Order Book as a Maker Order. Ferret Order which would be posted as a Taker Order will be rejected. No Market Orders may be placed and no Orders will be filled. Resting orders may be canceled in post-only mode. Ferret instructions allow you to specify the amount of time that your orders will remain active before they are executed or expired.

Ferret Storage Key Points

Coin BasicInformation
Coin NameFerret
Short NameFRT
Circulating Supply76,002.67 FRT
Total Supply497,012,267
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

What is Perpetual Trading?

Perpetuals, perpetual swaps, or perps are a special type of futures contract without an expiration date. Futures trading allows users to enter positions on margin (leverage) using borrowed funds to optimize capital. Ferret Using leverage allows for a user to enter a position with a larger size than their account balance. For example, a user could take 10x leverage and trade 100 CAKE for the price of 10 CAKE. In this example, the initial margin would be 10 CAKE which is used to collateralize the leveraged position.

Ferret addition to leverage, futures open the possibility of trading in both directions, buying (long) and selling (short) perpetuals. Additionally, itallows PancakeSwap to offer more assets to trade even assets not currently on BNB Smart Chain (BSC). Perpetual contracts don’t expire and allow the holder to enjoy trading price action of the underlying asset without owning it. In this tutorial they will explain how to use the Perpetual Trading interface in PancakeSwap. They assume that you understand what futures trading is about and know the associated risk. They recommend studying and understanding well about futures before making any trade.

How can I use it?

Using this functionality is really easy (the difficult thing is to trade well). Ferret will only have to follow a series of steps so that your experience is complete. You need to deposit funds into the Futures account first, in the box on the bottom right of the screen. The trading fees are 0.02% of the notional value for makers and 0.07% for the taker. CAKE will be the default payment option for trading fees, followed by APX (ApolloX’s token) and USDT. Any users who are paying the trading fees in CAKE will enjoy a 5% discount on trading fees.

What is the value contribution of this new feature to the cake holders?

Ferret expect this new feature to bring in a lot of new users, traders and volume. They want to ensure the value goes back to your CAKE token on top of offering the trading fee discount. 20% of all trading fees from users who sign up on PancakeSwap will be converted to CAKE and burnt. The rest are currently reserved for the treasury for ongoing expansion and development of this feature, as well as for an insurance fund for unexpected market events. As the feature matures, they expect to increase the burn portion gradually based on community feedback and governance.

How does ApolloX determine which user is from PCS and which user is from their own website?

Based on first time if the address was signed up at PCS’ domain or APX’s domain, if the wallet address has already signed up with ApolloX, it’s treated as APX’s users for revenue sharing calc purposes. Ferret frontend is the combined volume since the liquidity is combined and it shows the deep liquidity which also brings the tight spread. Ferret yield farming can give better rewards than Syrup Pools, but it comes with a risk of Impermanent Loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started. Check out this great article about Impermanent Loss from Binance Academy to learn more.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .