Another day, another new Pair on Pi42.com! Let’s quickly see what is Optimism
all about and how to trade OP/INR on Pi42.
What is Optimism?
Optimism (OP) takes Ethereum to the next level as a layer-two blockchain. It taps into the strength of the Ethereum mainnet for security while turbocharging the scalability through optimistic rollups. In simpler terms, transactions get recorded on Optimism in a trustless manner but find their ultimate security haven on Ethereum.
This scaling superhero boasts a whopping $500 million in Total Value Locked (TVL) and hosts a vibrant community of 97 protocols. Big players like Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a decentralised exchange, and Velodrome (VELO), an automated market maker, call Optimism home.
How to Trade in OP/INR on Pi42?
- Log in: Access your Pi42 account.
- Navigate: Head to the trading terminal.
- Select the Pair: Choose OP/INR from the dropdown menu.
4. Define your Position: Select your desired leverage, Enter the quantity of asset, or the INR equivalent, alternatively you can select a certain percentage that you want to invest from your wallet balance.
- Set Limits (Optional): Establish Take Profit and Stop Loss orders for risk management.
- Execute your Trade: Click Buy/Long or Sell/Short based on your market prediction.
- Track your Trade: Monitor your position in the orders and positions panel below the trading chart.
