How to Use bbSOL on RateX

RateX has emerged as a groundbreaking platform on the Solana blockchain, tailored for investors looking to leverage yield trading of synthetic yield tokens (YT). This guide will walk you through the process of using Bybit Staked SOL (bbSOL) on RateX to maximize your investment strategies through innovative trading mechanisms and yield-optimization tools.

Key Takeaways:

• RateX distinguishes itself as the world's first leveraged yield exchange built on Solana, offering a unique suite of services focused on leveraged yield trading.

• Explore our step-by-step guide to find out how you can use bbSOL on RateX.

What Is RateX?

RateX distinguishes itself as the world's first leveraged yield exchange built on Solana, offering a unique suite of services focused on leveraged yield trading. This decentralized exchange (DEX) allows users to trade synthetic yield tokens (YT) that represent the yield component of various yield-bearing assets (YBAs). This innovative approach provides users with the ability to speculate, hedge or enhance their exposure to yields in a highly capital-efficient manner.

Some of the key features of RateX include:

• Leveraged Yield Trading: Users can engage in leveraged trading of YTs, enhancing potential returns by amplifying their exposure to yield fluctuations of YBAs. This feature allows for up to 10x leverage on deposited margins.

• Earn Fixed Yield: This function helps users lock in future returns by converting floating yield assets into fixed yield assets. It’s particularly beneficial for investors looking to secure a stable yield in fluctuating markets.

• Yield Liquidity Farming: RateX offers liquidity providers the opportunity to earn yield through multiple sources: the inherent yield from their deposited assets, trading fee rebates and profits from price discrepancies in YT trading.

• Integrated Features for Comprehensive Yield Management: In addition to its primary trading functions, RateX integrates tools for fixed yield earning and liquidity mining, providing a holistic platform for managing yield exposures.

How to Use bbSOL on RateX’s Yield Trading

Open Positions

1. Click Trade for bbSOL.

2. Choose a Trading Direction.

3. Input Margin or YT Amount.

4. Input Leverage.

5. Click the Trade button and Confirm to confirm order.

Close Positions

1. Click the CLOSE button of the position to be closed from the Position Panel.

2. Select the position percentage to be closed.

3. Click CLOSE.

Deposit/Withdraw Margins

1. Click the Deposit/Withdraw button of the position from the Position Panel.

How to Use bbSOL on RateX’s Liquidity Provision

RateX’s LP mechanism allows users to deposit yield-bearing assets (i.e., assets that can generate returns), and generates Yield Token (YT) and Standard Token (ST) for trading using a Uniswap V3 like AMM. RateX LPs earn yield from three main sources:

• The yield generated from their deposited assets.

• Rebates on trading fees.

• PnL from acting as counterparties.

1. Choose your Market.

2. Select a Standard Range or Customize your Range.

3. Deposit liquidity by clicking Add Liquidity.

How to Use bbSOL to earn Fixed Yield on RateX

Earning fixed yield helps holders of yield-bearing assets lock in future returns. When a user enters the earn fixed yield function and chooses to deposit their yield-bearing asset, they effectively convert a floating yield asset into a fixed yield asset.

1. Choose a Market.

2. Choose a Maturity Date.

3. Deposit your Yield-Bearing Asset.

4. Click the Withdraw button to withdraw your PT.

The Bottom Line

RateX offers a sophisticated platform for traders and investors aiming to capitalize on yield movements and leverage opportunities in the decentralized finance (DeFi) space. By using bbSOL on RateX, you can enhance your investment strategies, secure stable yields and participate in innovative liquidity mining programs.

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