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Quickstart Guide

Ensure your wallet is set to the correct network

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 are shown here for Phantom, Solflare and Slope - but the process is similar for other wallet providers too.
Once you're finished, remember to switch your wallet's network back before interacting with other production Solana applications.
If you don't have a wallet yet, we have guides to selecting, installing and configuring a wallet.
You can read more about wallets and how to get one in the Installing a Walletsection of the documentation.

Connecting your wallet

You’ll need to connect your Solana wallet of choice to the application. Click ‘Connect Wallet’ in the top right-hand corner of the application - this will trigger a request to authorize a connection between Aver and your wallet provider.
If it's your first time connecting, you will need to familiarize yourself with the community rules and sign them with your wallet in order to validate your understanding and agreement.
You can read more about connecting your wallet and authorizing transactions in the Connecting to Aver section of the documentation.

Getting some funds

This step is only applicable when using the devnet application. For mainnet, you will need to obtain real SOL and USDC - find out how to do this by watching our Aver explainer video on SOL, USDC and Wallets.
On Devnet, you’ll need to get some simulated SOL and USDC to interact with the application. Once your wallet is connected, click the faucet icon in the top right-hand side and request an airdrop. You can repeat this action a number of times if you run out
If you're on Mainnet, you'll need to have some real SOL and USDC in your wallet to interact with Aver.
You can read more about funding your wallet, what USDC and SOL are, and why you'll need them in the Funding Your Wallet section of the documentation.

Configure your preferences

Configure your preferences before you start using the application.
You can choose between a number of options, including:
  • Viewing and specifying prices/odds in Probability, Decimal or American format;
  • Viewing and specifying quantities/sizes in Stake or Payout;
  • Displaying the application in dark or light mode;
  • Placing orders one-at-a-time via pop-out modal or create multiple orders at once using the betslip panel (the betslip panel is not avaiable on mobile devices);
  • Using the standard display mode, or interacting via the more complex and feature rich 'Pro' mode.
Try out some of the different alternatives if you're not sure, or see linked documentation for a better understanding of the differences between these preferences.
Note that for the remainder of this guide, some of the examples may look different to your experience (particularly values like prices and quantities) due to differences in your preferences and those applied when the examples were captured.
You can learn more about the options available to you and how to configure your preferences in the Configuring Preferences section of the documentation.

Analyze available markets

A typical market view in Standard Display Mode
A typical market view in Pro Display Mode
Browse live events and markets to find one you’d like to trade. The UI is available in two version - Standard and Pro. You can configure these within your preferences.
Within the Standard display mode, you’ll see a number of tools to understand the market - including the market's possible outcomes, terms and the best price currently available to bet on a given outcome. The chart provides an overview of how the outcomes have trended in price/odds so far.
If you opt to use the Pro display mode, there are a number of additional pieces of information about the market - this includes a more information on the prices/odds and quantities currently on offer which you can buy or sell at immediately. More sophisticated charting and orderbook views are available in Pro mode.
You can read more about navigating Aver and understanding markets in the Navigating Markets section of the documentation.

Place an order

To initiate an order click on one of the blue (to buy) or pink (to sell) cells in the main module.
A window will open which allows you to adjust your desired price and size before placing the order. You can adjust the price to a value you’d prefer, but note that the order may not get filled at this price - whereas choosing a price and size available in the market already means your order is more likely to get filled.
Once you place an order, you’ll have to approve (’sign’) this transaction within your Solana wallet.

Signing transactions and how non-custodial contracts work

Your wallet is your on-chain, digital identity - it has a public key (which everyone can see) and a secret (“signing”) key that only you have.
When an action is taken, and information (such as token balances, Aver market exposures, etc) are due to be updated - the owner of any wallets who would be reducing their balance as a result of the action will need to authorize it to go ahead in a process called “signing”.
For example, it would be possible for a user's token balances to increase without them signing a transaction, but it would not be possible for them to decrease. Similarly for a user to place or cancel an order which might impact on their balances, the transaction would be required to be “signed” by the wallet to which the transaction relates.
You can learn more about placing orders in the Placing Orders section of the documentation.

Understand positions and past orders

There are two key tabs for understanding your interactions with a given market - the 'My Orders' tab and 'Positions' tab.
The My Orders tab gives a history of the orders placed, which may include matched/filled orders, cancelled orders (which may or may not have partially been filled), open orders (which may or may not have been partially filled). Orders are described by their price, stake, profit/liability and payout.
Positions shows a current point in time view of the aggregate positions and exposures you have, as a result of one or many orders.
In this example, there a single order has been matched, and we can see the consequence of the order on the exposures and payouts. Here the participant stands to receive $45 (their payout) if England wings, $22.5 of which would be their 'profit' on this bet. They stand to make a 'loss' of -$22.5 (the 'stake' paid) if England do not win and the match results in a New Zealand win or a Draw.
You can learn more about how to interpret your past orders and positions for a market in the Understanding Positions section of the documentation.

Manage and cancel open orders

An open order is an order which has not yet been matched with another participant - i.e. it remains open for someone else to accept.
You can view your open order in the 'My Orders' tab in a given market, or in the 'My Orders' tab at account level.
Orders may be fully open (i.e. have not been matched at all) or partially open (i.e. the trade has been partially matched, but is awaiting other parties to take up the remaining part of the trade).
If you have changed your mind, you can cancel an open order by clicking the trash can symbol, confirming and authorizing the transaction within your wallet.
You can learn more about managing open or unmatched orders in the Managing Open Orders section of the documentation.

Cash-out unwanted positions

Once an order has been matched however, your bet is locked in. If you no longer wish to hold have that exposure you will have to 'cash out' that position. This means trading this position back to the market at the best price currently available to offset your original bet.
You might want to cash-out for a number of reasons - but most commonly, either:
  • The price has moved (in your favor) and you would rather lock-in a profit now, rather than wait to see how the event actually plays out;
  • You no longer have the same conviction about your bet, and you would prefer to exit the position - however, depending on the current state of the market, you may not be able to get all of your state back.
You can learn more about cashing-out positions and exiting orders which have already been matched in the Cashing-out Positions section of the documentation.

View past trades, live positions and balances

At any time, you can get an 'account level' view across all of the markets you've interacted with. This can be a convenient way of navigating to markets that you want to keep an eye on.
These tabs are accessible via a dropdown menu beside your wallet icon in the top-right hand side of the application.
From here, you can see and aggregate view of:
  • Balances of USDC and SOL in your wallet or which is 'in' any open markets;
  • All matched and unmatched orders in any open markets you've interacted with;
  • The history of all trades/matches struck in any market;
  • Your current-state positions and exposures to every outcome in every open market;
  • The list of closed markets you've interacted with which are awaiting resolution and settlement or have already been resolved and settled.
You can learn more about managing and understanding your positions, balances, orders and trades in the Understanding Positions section of the documentation.

Check on market settlement

Once a market ceases trading, it may take some period of time (generally a short period) before the market can resolve to determine and outcome.
Any winnings or proceeds from (in USDC) and the recoverable balance of SOL are paid automatically into your wallet shortly after the market resolves.
If you'd like to check the status or result of markets which are now closed to trading, you can see the list of markets 'Awaiting Settlement or Resolution', and the history of 'Settled Market' transfers which have been made to your wallet. Information is also displayed in the 'Settlement' tab of any closed market views.
Settlement includes a transfer of USDC which is made up of:
  • Return of any 'idle funds' that were in the market at the point when trading ceased;
  • Payouts in respect of your exposure to any winning outcomes at the time trading ceased;
  • Less any fees deductible, if a net profit was made on this market.
The automated process also closes the Solana account (used to store your orders and positions for this market) and redeeming the SOL which you had previously paid in 'rent'. This is automatically transferred back to your wallet.
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, how proceeds and market profit-and-loss are determined, and the recovery of SOL 'rent' in the Settling Past Markets section of the documentation.
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On this page
Ensure your wallet is set to the correct network
Connecting your wallet
Getting some funds
Configure your preferences
Analyze available markets
Place an order
Understand positions and past orders
Manage and cancel open orders
Cash-out unwanted positions
View past trades, live positions and balances
Check on market settlement