Trading
A guide to trading zero-coupon bonds on the Fixed-Rate Lending Protocol
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A guide to trading zero-coupon bonds on the Fixed-Rate Lending Protocol
Last updated
Was this helpful?
A connected wallet with sufficient assets
Basic understanding of fixed-rate lending concepts
Assets deposited as collateral (for borrowing)
Welcome to the on Secured Finance, your gateway to fixed-income trading. This interface enables you to engage in peer-to-contract lending and trading of zero-coupon (ZC) bonds with simplicity, efficiency, and transparency.
Navigate to the
Connect your wallet if not already connected
Click on the "Trading" tab in the main navigation
Select the asset pair and maturity date you want to trade
Before placing orders, it's important to understand the basics:
Buying ZC Bonds (Lending)
When you buy a bond, you're effectively lending assets
Your initial investment accrues interest over time
At maturity, you receive the full face value of the bond
Selling ZC Bonds (Borrowing)
When you sell a bond, you're borrowing assets
You receive funds upfront and repay the face value at maturity
Requires sufficient collateral to secure the loan
Orderbook System
All transactions occur on our Orderbook
Orders are matched directly with counterparties via smart contracts
Provides transparent price discovery and efficient execution
Select "Buy" in the order form
Choose between "Market Order" or "Limit Order"
Market Order: Executes immediately at the best available price
Limit Order: Executes only at your specified price or better
Enter the amount you want to lend
For Limit Orders, specify your desired price (interest rate)
Review the order details, including:
Total cost
Expected yield
Maturity date
Click "Place Order" to submit
Confirm the transaction in your wallet
Select "Sell" in the order form
Choose between "Market Order" or "Limit Order"
Enter the amount you want to borrow
For Limit Orders, specify your desired price (interest rate)
Ensure you have sufficient collateral
Review the order details, including:
Amount received
Repayment amount at maturity
Collateral requirements
Click "Place Order" to submit
Confirm the transaction in your wallet
Navigate to the "Open Orders" section below the orderbook
View all your pending orders
To cancel an order:
Find the order you want to cancel
Click the "Cancel" button
Confirm the cancellation in your wallet
If you need to exit a position before maturity:
Go to the "Portfolio" tab
Find the position you want to unwind
Click the "Unwind" button
Choose between Market Unwind or Limit Unwind
Enter the amount you want to unwind
Review the details and confirm the transaction
When your loan matures:
Funds are automatically reinvested into the next 3-month maturity cycle via our Auto-Roll feature
This minimizes reinvestment risks and promotes steady growth
You can customize Auto-Roll settings in your Portfolio
After learning the basics of trading, you might want to:
If your limit order isn't being executed:
Your specified price may not be competitive with current market rates
There might be insufficient liquidity at your price level
Try adjusting your price or using a market order for immediate execution
If you receive an insufficient collateral error when borrowing:
Check your collateral balance in the Portfolio tab
Deposit additional collateral if needed
Reduce the amount you're trying to borrow
Consider using assets with higher collateral factors
If your transaction is failing:
Ensure you have enough native tokens (ETH, MATIC, etc.) for gas fees
Check that you've approved the necessary token permissions
Try refreshing the page and attempting the transaction again
If issues persist, check the blockchain explorer for specific error details
Secured Finance prioritizes loan security with:
Robust Collateral Management
Borrowers must pledge collateral
Collateral is managed by smart contracts to reduce counterparty risk
Automatic liquidation processes protect lenders
Smart Contract Technology
Enforces loan terms automatically
Enhances security and reliability
Undergoes regular audits and security reviews
For more details, see our section
that protect your investments
For more details, see our and sections.