Speed Markets Trading Guide
How to use the Speed Markets dapp with full Account Abstraction
Last updated
How to use the Speed Markets dapp with full Account Abstraction
Last updated
The brand new Speed Markets application offers seamless user experience paired with a lot of fun speculating short term crypto prices! This guide will help you navigate the dapp.
To start using the Speed Markets dapp, the first step is to log in.
When visiting the dapp on the link www.speedmarkets.xyz/speed-markets you will be greeted with the Get Started menu.
The Get Started menu will guide you to onboard the dapp in three steps.
The first step is the Sign up step.
Click on the LOGIN button, tick the Terms of Use checkbox and then click on the login method you want to use.
Social Login methods (Google, Twitter, Discord, Guthub, Apple etc.) generates a wallet for you via Particle Network, creates you a Smart Accounts and enables for a full Account Abstraction experience. Connect with Wallet method onboards you without a smart account with regular wallet connection.
If you logged in successfully with Social Login, you will unlock step 2 of the Get Started process: the Deposit funds step.
Deposit funds in your Speed Markets smart account by sending USDT and/or USDC to the address generated for you. If you don't have USDT or USDC, you can also directly deposit them via Credit Card using the FUND WITH CARD button. Click here for Deposit Tutorials.
After your Smart Account has funds deposited, you can start using the dapp! With Paymaster integrated in the backend, you don't have to worry about having an ETH balance for gas fees, so you can immediately start trading with a stablecoin deposit.
On the main dapp trading page, you'll see the price chart with a constantly-updating asset price, based on a data feed from Pyth Oracles. In the other corner of the chart you'll see the liquidity available for the chosen asset. Below the chart are different time frames and a summary of your position once the variables are selected.
To create a position, first choose an asset (BTC or ETH) and a direction.
This is the direction you think the price will have moved at the end of your selected time frame based on the current price (at the time the purchase transaction is submitted).
Next, choose the position duration, and then enter the dollar amount you'd like to purchase. You can either click on one of the prefilled dollar amount buttons, or enter your own amount in the custom input field.
After building your position with all the parameters above, click on the BUY button to confirm your trade!
After confirming your first BUY with a Particle Wallet pop up signature, you also start a Account Abstraction Session.
After this, all subsequent transactions will require no signature or pop up confirmation. You just click buttons and its confirmed!
Your open positions will be visible on the bottom of the trading page. If your position is a winning one, you'll see the blue "Claim Win $XX.XX" button next to a winning position. Click on the button to complete the transaction and claim your payout!
You can also use the CLAIM ALL WINS button to batch all winning positions at once!
