Trading

It is possible to trade both perpetuals and P2P options on Foxify.

P2P Options Users may select an asset, decide on their own strategy (Short/Long) and then trade on either side of an option. Options are specific to an asset, a period of time and a rate, set by the maker.

The platform will display available trades with the best rate first: (Example: ETH/USDT +1% in 4 hours), of which a trader can accept the terms as a taker or offer their own terms on an option, as a maker. Funds are escrowed into the smart contract, once both sides have been executed (Maker & Taker). Due to the unique design of Foxify, no Liquidity Pool is required to execute the trade, which incurs zero slippage. No off chain services are utilised, ensuring a 100% trustless options platform.

Makers (Automation) & Takers A maker is able to provide liquidity for an option, at the terms of their choosing. The platform will display the best rate of return first. The maker configures their option (asset, time period, long, short) within the parameters available. They then set the rate of return they are prepared to offer on the option.

• Example - ETH/USDT - Long - 1% - +4 Hrs @ 2.3 = A commitment to pay x2.3 any amount committed to the trade - including the trader's collateral, where the scenario is realised, from the time the option begins.

• So, a taker commits $100 on the above example, trading against the maker. After 4 hours, ETH/USDT is +1.1% from the price when the option started,, they will receive their $100 back + $130 from the maker ($230), less platform fees. If the option is not realised, then the maker will receive their $130 collateral back, plus the $100 committed by the taker, less fees.

Auto-Making: The Maker may also select the option to automatically compound gains back into their options, each time they are successful. Deepening their liquidity available for Takers to trade against. The maker may withdraw funds that have been offered on an option, but not committed to a trade. Funds cannot be withdrawn by either side, once an option has started. A Taker, will trade against the options available at rates decided by the Makers. You will be presented with the best rate of return being offered for a specific option, see below:

You may only trade a maximum of the collateral available on that specific option. If the total liquidity available on the above example is $230, you may only trade a maximum of $100 before the makers liquidity is exhausted. You cannot trade more, as they do not have the collateral to ensure a return at the rate offered. You will see options from makers at a lesser rate. For example, a maker with $220,000 of liquidity on the option, offering a rate of 2.2 may accept trades of $100,000 against their options. In this instance, assuming you wanted to trade $1,000 against ETH/USDT - Long - 1% - +4 Hrs , you may accept a blended rate. $100 @ 2.3 + $900 @ 2.2 = a Blended rate of 2.21 (Return = $2,210 for a trade of $1,000). Perpetuals

The Perps trading platform offers traders the opportunity to leverage up to 50 times their investment on blue chip pairs, including BTC/USD and ETH/USD, with plans to expand into other pairs in the future. Through the use of the platform's Liquidity Pool (PLP), traders can leverage their collateral and take advantage of a range of features such as take profit and stop loss execution.

To ensure optimal performance for traders, the Perps platform is supported by enterprise-grade hosting, providing minimal latency and swift execution. With an interactive and customizable user interface, traders have complete control over their trading experience to meet their individual preferences and strategies.

When a trader wants to open a position on the perpetual future, they will send their desired margin to the smart contract, along with their desired leverage and direction (long or short). The smart contract will calculate the position size based on the margin and leverage, and execute the trade.

As the price of the underlying asset changes, the position will either gain or lose value. If the position goes against the trader, they will need to maintain a certain level of margin to keep the position open. If they fail to maintain the required margin, the position will be liquidated, and the remaining margin will be used to cover the losses.

To ensure that the perpetual future remains fully collateralized and that traders can always trade with confidence, Foxify will use a funding mechanism that automatically transfers funds between long and short positions. This funding mechanism, called the funding rate, will adjust the price of the perpetual future to keep it in line with the underlying asset price.