Ready to dive into the world of Yellow Terminal trading? This comprehensive guide will equip you with the knowledge to navigate the platform seamlessly.
Head over to https://wallet.yellow.com/applications and select "Yellow Terminal" to begin your trading journey.
Click on “Connect Wallet” in the upper right part of the screen, then select “Yellow Wallet”. You can authorise your existing Yellow Wallet or create a new one by choosing one of the available methods. Once connected, you will be asked to sign a one-time verification token with your wallet to authorize future on-chain transactions.
Use Quick connect option in the bottom of the screen or select a suitable node/broker from the available options, choose an appropriate package that will determine the margin size for your trades, and click 'connect' to proceed.
Note: At the moment only one channel can be established at a time.
A pop-up will appear, requesting you to fund your margin account on-chain. The size of the margin determines the purchasing power throughout the trading session. The safety tokens are not in use, you can safely ignore them.
Note: Dont fund all of your USDC in the channel as they will be locket for trading and will not take part in the settlement (Step 8).
The margin amount will be automatically taken from your Yellow Wallet, and be secured on the adjudicator smart contract. The margin will not take part in the settlement process and will be refunded upon channel closure.
The executions are liquidation or closing the channel with not settled trades in negative PnL. (Section 7)
