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Choose a market

A market is protection for one currency pair in one direction. Open Markets in the app to see every market with cover on sale.

What each market shows​

Each entry is a pool selling cover, labelled with its pair and contract, for example USD/NGN Up cover: for US dollars you have to pay, paying if the naira weakens. Choose one to see:

  • the lengths on sale, in days;
  • the price for each length, per dollar of cover, at a reference strike and limit (your own price depends on the strike and limit you choose);
  • how much cover the pool can still sell.

Picking the right one​

  1. Match the contract to your exposure. Paying US dollars: an Up cover. Receiving US dollars: a Down cover.
  2. Match the length to your payment date. Choose the tenor that ends when the payment is due.
  3. Check the available cover. If your maximum payout is larger than what is available, reduce the amount or move the limit closer to the strike.

More than one pool can sell the same market. You do not need to choose between them: when you request a quote, the protocol uses the pool that offers your terms at the lowest price.

Following the rate​

Select a pair to open its page. The chart shows the rate over 1 hour to the full history, with your contracts drawn on it. See Monitor contracts.