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Quickstart Guide
A quick guide on how to trade on Aver Exchange
This guide is intended to quickly walk participants through the process of trading on Aver Exchange. More detailed guides on specific topics are included after this guide.
This step will depend on which network you're intending to interact with Aver on.
The Solana Mainnet application is at app.aver.exchange, while the Devnet application is available at dev.app.aver.exchange.
You will need to ensure your wallet is set to the appropriate network, corresponding to the version of Aver you are interacting with.
The steps above are shown for Phantom, Solflare and Slope - but the process is similar for other wallet providers too.
For most participants, this will be the Solana mainnet, involving real risk when placing trades. If you're on Mainnet, you'll need to have some real SOL and USDC in your wallet to interact with Aver.
Get Started Button
Connecting to Aver
To connect to the application, click ‘Get Started’ in the top right-hand corner. This will trigger a request to authorise a connection between Aver and your wallet provider or Single Sign-on authentication method.
If it's your first time connecting, you will need to familiarise yourself with the community rules and sign them with your wallet in order to validate your understanding and agreement.
Follow the prompts and you will be given the opportunity to pick your favourite markets and input some preferences. These settings can be changed at any time (see Configure Your Preferences section below).
Depending on whether you are connecting via Solana wallet provider or Single Sign-on authentication, there may be additional steps required to connect not listed here.
Drop-down Settings Menu
You can configure your preferences at any time by clicking the settings icon in the top menu bar or by navigating to the 'Account Settings' subtab on the 'Account Overview' page.
You can choose between a number of options, including:
- Viewing and specifying prices/odds in Decimal, Probability, or American format;
- Viewing and specifying quantities/sizes in Stake or Payout;
- Displaying the application in dark or light mode;
- Using the Simple or Pro mode in trading interfaces;
Feel free to try out some of the different alternatives if you're unsure your preference!
You can learn more about the options available to you and how to configure your preferences in the Configuring Preferences section of the documentation.
Application Homepage
FIFA World Cup 2022 Subcategory Page
There are a large variety of sports and prediction markets offered on Aver, and we’ve made it easy for you to find them and place trades.
Aver Exchange provides an event-centric view, which means that each event can have one or more markets underneath it - for example, a football event may have markets for match winner, correct score, red cards, etc.
When you log onto app.aver.exchange, you’ll see the discovery homepage. Here, you can see an overview of the most popular events and an overview of the funds in your account.
There are several ways to discover events and markets. Beyond the homepage, you can also use the navigation panel, category and subcategory discovery pages or the search feature.
Go to the Discovering Markets section to understand how to navigate the exchange.
Go to the Trading Markets section to understand how to navigate the exchange.
Now that you know how to navigate markets, it’s finally time to place your first order!
Before placing your first order, please ensure you have read and understood the following sections:
- Backing and Laying : An overview of the terminology, and therefore, how the trading modules function.
Senegal v Netherlands (Pro Mode)
To place an order, you can click the blue (buy/back) or red (sell/lay) cells shown in the trading module. Each cell shows the odds at a specific depth and maximum payout/stake (depending on your preferences) available at those odds in USDC. Clicking a cell will automatically generate a bet slip with fields to enter your order details and place your order.
Simple Mode
This interface is best suited to beginners and resembles what a participant would see on a web2 sportsbook. This interface only has the option to bet that an outcome will occur (back/buy).
Pro Mode
This interface is best suited to experienced participants and resembles what one would see on a web2 betting exchange. This interface has the option to bet that an outcome will occur (back/buy) or won’t occur (lay/sell).
Matched Orders Tab (Trading Interface)
Matched Orders Subtab ('Account Overview' Page)
Once you’ve placed an order you can monitor its status or view information about it in the ‘Matched Orders’ or ‘Open Orders’ tabs under the trading interface or in the ‘Account Overview’ page.
Orders can be in one of four states:
- Fully Matched
- Partially Matched
- Fully Open
- Cancelled
Please Note: Aver Exchange is a peer-to-peer betting exchange. Orders are only live or "executed" once they have been fully or partially matched by another participant.
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Monitoring Positions (Trading Interface)
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Monitoring Positions ('Account Overview' Page)
Once your orders are matched, you can monitor your aggregate positions and USDC exposure in the trading interface or ‘Account Overview’ page.
For each position you can see information such as event details, the selected market, the total funds exposed in that market, your USDC amount exposure to each outcome and your USDC amount payout.
You can even click on the 🔗 button to view the on-chain transaction for each trade on Solana Explorer.
To learn more about effectively managing positions, please see the Monitoring Positions section of our documentation.
Cash-out Button
Please Note: The cash-out option is only available in Simple mode. Please navigate to settings to toggle between Simple and Pro.
Cashing out is essentially trading your position back to the market at the best price currently available. You can cash out of your position by clicking the cash out button and following the prompts.
You may want to cash out for a number of reasons, some of which may be:
- The price has moved in your favour and you would rather lock in your profit rather than wait to see how the event plays out
- You no longer have the same conviction in your bet and you would prefer to exit the position at the current best price
You can learn more about cashing-out of positions which have already been matched in the Cashing-out Positions guide.
Trade History ('Account Overview' Page)
You can check your trade history in the 'Account Overview' page. You’ll find a comprehensive history of all the markets you’ve interacted with on Aver, in addition to detailed information about your trades on that market.
You can filter your trade history by date range or market type or use the search feature to find specific trades. You can even export your trade history for record tracking, analytics, and disclosure purposes.
Learn more about your trade history records in the Trade History and Settled Markets section of our documentation.
Markets Awaiting Settlement ('Account Overview' Page)
Settled Markets ('Account Overview' Page)
Once an active market ceases trading, it generally takes a short period of time before the market is resolved and an outcome is determined.
You can only receive your payout for a market once it’s resolved - the final stage of a market’s lifecycle on Aver.
Market settlement describes the process of a participant automatically receiving the following into their wallet after a market is resolved:
- USDC payouts in respect to the participant’s exposure to any winning outcomes at the time when the market closed
- The recoverable balance of SOL placed towards ‘account rent’
If you'd like to, you can validate all blockchain transactions have occurred as described on the Solana Explorer, by following the link in the 🔗 button.
You can read more about the process for market settlement in our Trade History and Settled Markets guide.
Last modified 5mo ago