Hakifi Documents
  • Overview of the Hakifi protocol
    • The Problem
    • The Solution? Hedging!
  • Understanding Hakifi Insurance
  • Video Guides
    • Hakifi Introduction
    • Hakifi Demonstration
  • Buy Cover
    • How to Open a Contract?
    • How to Manage a Contract
  • Referral
    • How to get a referral code
    • How to enter referral code
    • How to calculate commission rate
    • How to Calculate Presentation Commissions
  • Pool addresses
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  • General risk disclosure
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  1. Buy Cover

How to Open a Contract?

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Last updated 1 year ago

  • Step 1: Select the token pair you would like to open a cover position on.

  • Step 2: Choose Bear or Bull depending on which movement you would like to open a cover on your position.

  • Step 3: Fill in the amount you would like to cover, the margin you would like to deposit, the price at which you would like to earn a payout and choose the contract period.

Attention:

- The current limit of the cover amount is 75-10,000 USD

- You need to deposit 2-10% of the cover amount as a margin

- The allowable range of claim price for each token pair is provided by our algorithm

The Claim price and Expire price are automatically provided by our system

Claim amount is automatically calculated with our algorithm based on margin amount, claim price and contract period