{"id":670,"date":"2024-02-29T07:16:04","date_gmt":"2024-02-29T07:16:04","guid":{"rendered":"https:\/\/pi42.com\/blog\/?p=670"},"modified":"2024-02-29T07:16:04","modified_gmt":"2024-02-29T07:16:04","slug":"what-is-the-new-op-inr-pair-on-pi42","status":"publish","type":"post","link":"https:\/\/pi42.com\/blog\/what-is-the-new-op-inr-pair-on-pi42\/","title":{"rendered":"What is the new OP\/INR pair on Pi42?"},"content":{"rendered":"\n

Another day, another new Pair on Pi42.com! Let\u2019s quickly see what is Optimism<\/p>\n\n\n\n

all about and how to trade OP\/INR on Pi42.\u00a0<\/p>\n\n\n\n

What is Optimism?<\/strong><\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

How to Trade in OP\/INR on Pi42?\u00a0<\/strong><\/p>\n\n\n\n

    \n
  1. Log in: Access your Pi42 account.<\/li>\n<\/ol>\n\n\n\n
    \"\"<\/figure>\n\n\n\n
      \n
    1. Navigate: Head to the trading terminal.<\/li>\n<\/ol>\n\n\n\n
      \"\"<\/figure>\n\n\n\n
        \n
      1. Select the Pair: Choose OP\/INR from the dropdown menu.<\/li>\n<\/ol>\n\n\n\n
        \"\"<\/figure>\n\n\n\n

        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.<\/p>\n\n\n\n

        \"\"<\/figure>\n\n\n\n
          \n
        1. Set Limits (Optional): Establish Take Profit and Stop Loss orders for risk management.<\/li>\n<\/ol>\n\n\n\n
          \"\"<\/figure>\n\n\n\n
            \n
          1. Execute your Trade: Click Buy\/Long or Sell\/Short based on your market prediction.<\/li>\n<\/ol>\n\n\n\n
            \"\"<\/figure>\n\n\n\n
              \n
            1. Track your Trade: Monitor your position in the orders and positions panel below the trading chart.<\/li>\n<\/ol>\n\n\n\n
              \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

              Another day, another new Pair on Pi42.com! Let\u2019s quickly see what is Optimism all about and how to trade OP\/INR on Pi42.\u00a0 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. […]<\/p>\n","protected":false},"author":7,"featured_media":671,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"zakra_page_container_layout":"customizer","zakra_page_sidebar_layout":"customizer","zakra_remove_content_margin":false,"zakra_sidebar":"customizer","zakra_transparent_header":"customizer","zakra_logo":0,"zakra_main_header_style":"default","zakra_menu_item_color":"","zakra_menu_item_hover_color":"","zakra_menu_item_active_color":"","zakra_menu_active_style":"","zakra_page_header":true,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[6,9,8],"class_list":["post-670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-trading","tag-crypto-futures","tag-crypto-trading","tag-web3-community"],"jetpack_featured_media_url":"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2024\/02\/OP-Blog.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/comments?post=670"}],"version-history":[{"count":1,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/670\/revisions"}],"predecessor-version":[{"id":672,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/670\/revisions\/672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media\/671"}],"wp:attachment":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media?parent=670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/categories?post=670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/tags?post=670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}