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Trading on DeversiFi
New to trading? From different order types to how OTC trading works, find everything you need to know to trade with confidence on DeversiFi.
rhino.fi: Learn how OTC trading works
Learn how OTC trading works After discussing with the community, we’ve decided to launch rhino.fi OTC feature to make your trading experience more seamless and flexible than ever. The new feature, now available on rhino.fi, unlocks a whole new way to trade tokens, reducing the potential for slippage while giving you additional flexibility when working with the exchange. Orders created via rhino.fi OTC are not shared on the regular exchange order book. Instead, rhino.fi OTC generates a uniq
rhino.fi Why do I need to 'deposit' tokens?
Why do I need to 'deposit' tokens? The rhino.fi trading platform has been designed to optimise for speed, privacy, certainty of execution and cost efficiency. Once a trade is matched on rhino.fi, it is executed instantly, your balance is updated and your new funds are available to trade right away. However, rhino.fi never has custody of your funds or those of the other traders whose orders are on the order book. So how can one be certain that all parties will honour their order
Privacy on rhino.fi
rhino.fi uses a Validium approach to Layer-2 scaling. This means that rhino.fi trade data is held off-chain and a Data Availability Committee is used. The DAC has three main jobs: Protect user trading privacy by allowing balance updates and trades to be hidden from other users and from on-chain data. Check the balances state and, if valid, sign to allow the Merkel root of the stat
rhino.fi: Fees and Minimum Order Sizes
Fees and Minimum Order Sizes Minimum Order Size Minimum order sizes vary from token to token, but they are approximately $50 (or equivalent). If your order is smaller than the minimum size you will be notified. Fees rhino.fi's trading fees range from 0% to 0.2%, meaning they are among the most competitive of any non-custodial or centralised crypto exchange. The full rhino.fi fee schedule can be found here. You can gain discounts based on your
rhino.fi: TWAP (Time Weighted Average Price)
TWAP (Time Weighted Average Price) A time-weighted average price order (TWAP) allows you to execute a large order over a period of time by splitting it into a series of small trades placed at regular intervals. The app.rhino.fi.com screen must be kept open in order for the TWAP to run. Moving to another tab in your browser will not prevent the order from being executed, but closing the tab or browser will prevent order execution. So it is important to keep your browser open and running!
rhino.fi: Order Types
Order Types There are currently two order types available to users of rhino.fi: Limit Order and Simple Order. Limit Order The Trader specifies the exact price and quantity they to buy or sell at. The order is then only successful if that specific price is met. Example: Imagine you have 10 ETH and you want to sell all of them. The current market price for ETH is $300 but you do not want to sell your tokens for less than $320. Using a limit order, you would set the price to $320
rhino.fi: 90% Fill Market Buy Orders
90% Fill Market Buy Orders Why Are Market Buy Orders Only Being 90% Filled? In some cases, rhino.fi only executes approximately 90% of your market buy order. This article will explain why this happens, and outline two of the potential remedies that the rhino.fi team is exploring. Background Traders on self-custodial Ethereum exchanges (including rhino.fi) sign each order that they place with their Ethereum key (on our exchange this links to the trader’s unique rhino.f
rhino.fi: Order Time In Force (TIF)
Order Time In Force (TIF) The time in force (TIF) for orders placed via the rhino.fi UI is 720 hours (30 days). The TIF is not updated if an order is partially filled - i.e. the original TIF remains in place. The TIF can be changed to a value other than 30 days if you are trading via the API.