what is going on everyone welcome back to the channel today we're talking about a new build for
the bear markets right it's gonna be super cool i'm gonna show you the whole app before we get in
disclaimer i'm not a financial advisor i do this for educational purposes only do so we're gonna
hang out hopefully make a little bit of money and have fun doing it so let's get straight in
so let's have a look straight away guys so the overview of the website it is short adopt finance
the links will be down below as always what you want to do is you've got two buttons click launch
app or documentation we're going to launch the app so we can have a little look inside but on the
page it says build for bear markets like i said we are creating unprecedented markets for 2 000
plus altcoins cool little image showing it going from the provider through the pools to the trader
through the dx short positions and money coming out awesome let's launch the app so this is the
app launched again the link will be down below all you've got to do is click on launch app okay and
we've got the dashboard the pools the farm and the governance the liquidations you can click
this little menu tab it'll hide it for you make it super cool and then some guy or woman will pop up
from the support team if you have any questions you can't understand this video please click
there to connect your wallet to click connect they've got metamask or wallet connect i do
recommend metamask it's on the rink b network if you are struggling please google these nets please
google metamask wallet and find out how to get them and we have the pre-mint campaign okay really
really exciting all you've got to do is click on that button it's going to take you straight to
the site you can actually click a tutorial and it's going to bring up what this is it'll take you
to the documentation side and this will show you exactly what is going on okay the test net version
short was deployed by the ring be test net anyone having a wallet account may request test tokens
about any limits so you can test this as much as you like that's a really unique thing that we have
not many chains not many programs allow you to test with unlimited coins to see exactly what you
could make what you could do right so over on this medium article okay again the links will be down
below it's saying introduction to short finance a unique d5 you should be aware of to survive in the
bear market okay what you want to do i'm going to show you how to get these test points so getting
started it allows you to be part of the final testing process to refine short finance like we
said it's allowing you to immerse into this brand new dap that's a decentralized app the governance
token which is ipis tr is linked to several key activities such as maximizing the privileges
and rulers of boating now it allows you to earn farming yield by staking single side idle tokens
borrow tokens from pools for margin trading with leverage avoid losses from encountering dramatic
spikes and obtain passive income from governing activities and liquidations how do we get them
as a provider you could try staking process so there are three main steps in the staking process
launch the shorter finer app connect a wallet and join the beta program like we just talked about
okay then you add some test tokens and how you do that is you click tutorial like we did on this new
page request ether from the rink be test net be sure to claim both eth and usdt tokens then you're
going to navigate to the pool section then select and enter one of the s eth pools just like in this
image here you're gonna prove and deposit some eth tokens some s eth tokens you would like to farm
then once you have confirmed the transaction your wallet check my portfolio to see the stake rewards
you may be entitled to so it will appear like this short any tokens as a trader okay so free
to open a new shorter position follow the steps type the number of test tokens and hit on short
s e t h that's your test tokens click this big button here basically what it's saying and it's
going to short it for you in the position info window confirm the leverage what you want to do
is confirm the leverage and then commit to it by clicking submit order you can review your pl by
clicking my position selecting trade will let you manage your position you can sell short or
buy to cover in the pop-up window and that is how you get your test token super super cool there's
a lot more information on this medium article the links will be down below please do your own
research so guys now i'm going to show you how to get the tokens okay the test tokens you're going
to go over and click the pre-mainnet campaign that's gonna take you to this page then you're
gonna click tutorial you're gonna go down here and click the rink beat faucet and you're gonna paste
your metamask wallet which will be this little button into here once you first send me the eve
they are going to send it to you obviously i've already had it so to be fair to all developers
would you only send 0.1 rigby every 24 hours so i can go again in 24 hours that will now appear
in your wallet okay you can see 0.1 now what you want to do is go back to the original page okay
go back and once you click once you click claim eth this is what's going to happen it's going
to take you to the transaction page and it's going to say this is the amount you've obviously
got enough because you've got the test tokens and click confirm that is now going to send the token
straight to your wallet if you click on your meta mask you will see the transfer pending so in the
meantime we're going to click claim on the usdt as well and claim them token so let's click confirm
and hopefully by the time we've done this both of the tokens will be going in so let's click on our
metamask and have a look so yes you can see the money has gone out for the last transfer if we go
to asset you can see here one e okay that's what we just claimed and in a second you will see the
usdt come up as well and we will have that amount there's your little pop-up scroll down and you
will see once you've imported that one whichever one you want to claim press add token and again
you will see the test token of usdt 400 perfect that is exactly how you get your tokens guys
back on the app now let's have a look through on the pools section okay obviously this will
show up once you've unlocked your wallet on there so you can choose if you are a provider
if you are a trader you just jump between two so total borrow 24 000 total state 3 million
plus and you can see the token loaning pools here all you got to do is go down here have a look so
btc i want to jump in this the 10 times leverage and for one year it's going to enter the pool
it jumps you in obviously my wallet isn't connected so i can't get into the pool but
this will pop up and you will choose how much and you will enter the pool okay super super easy now
going through the farming so on the farm inside it's going to show you the countdown so we've got
exactly that from when i recorded this it might be different now with you watching
okay and that's going to show you the new round it also shows you here the pool activities the
governance activities but this will show you the new round of the trading reward all you got to do
is click on lock wallet go in there and it's going to take you through them steps super super easy if
you want to learn more click the learn more button it's going to take you to the documentation side
everything in this documentation is going to talk about what is on the app and why it's on that
app right so you can obviously just come on here click tokenomics and things like that do your own
research get involved now going to the governance side the governance side you can actually choose
the different stats to look at so one week one month 24 hours this had obviously has not started
yet i've not connected my wallet or got in we have the proposals on the right so we've got active
we've got passed and failed so it shows you how many rulers we have in the committee 18
total lock 1 241 that's the ipis tr wallet super super cool now recent proposals actually takes
you through the history so we have a failed one down here so they're open to what's going on new
token loaning pool with ax s leveraging 10x ends in 14 days this is active you can click on here
click your wallet and get involved like we just showed you it now shows you the leader border
what's going on so this is the actual contact address you can put this into the block chain
and check it out check that it's real of course it is it's got this many boats and the proposal
votes is five and that is the governance side i'm gonna take you through the liquidation side so
liquidations obviously there's no liquidations yet but you can go through the changing positions put
the hash in there and it will show you and you can search the token and it will show you too going
over to legacy you can see here we already have one you can actually unlock your wallet and have
a look at this okay this is unsettled for 1 125 overdrawn it gives you all the details you need
you just got to do your own research you can also put in your position hash and it will come up with
the one that you're looking for once that finished obviously come up here you can see full details
let's just click on if have a look how this did and again it'll take you back here so progress 100
last price was at 1 215 okay size -01 leverage 10x okay no debt no one settled awesome it started
phase one phase two i bought it finished simple as that okay you get all the information that you
need now on their twitters at short of finance at shorter underscore finance we'll have a look
at the main page in a second but i wanted you to bring you straight to this tweet because we have
a pre-mainnet campaign going live take a bite of airdrop of 56 000 pound times three weeks super
super excited you can charge yourself at this point and t point to pump up all your adrenaline
okay it's gonna be eight am gmt minus seven july six if that's already gone for you then i am sorry
but you were too late but it's jumped right in this is when it starts okay please go on here and
have a look see if it is still going so it started at 8am gmt minus 7 july the 6th okay that's when
it went live so go on there and check it out let's go back to the actual twitter and have a look so
it is at shorter underscore finance like i said super super cool they've got 3164 followers please
click the follow button interact with their post this is the one i just showed you super super fun
get in there let me know from this channel and big us up links will be down below as always so guys
once you have your test tokens you can actually start getting involved okay obviously you're not
gonna make real crypto with this you're gonna make the test token crypto but you can actually start
getting involved i'm gonna show you right now two ways you can do on the pull section so you could
scroll down here now we know that we've got ethan usdt's find one that fits you 10.12 percent okay
that's very nice i'm gonna go for the two point four four percent i like it to be a little bit
more closer to the pool so i'm gonna click enter pool and go through to the next section now you
can see on here that you can actually deposit and put the amount that you would like in or you can
trade now going for the amount i would like in i would like not point one please in here deposited
aviv it's gonna take you to the transaction and you are going to confirm it this will confirm
that you are spending that amount of gas you are using that amount of the test net token and you
are entering the pool to see the simulated version of what would happen it will go with
the live price the live pool it's not going to be fake but only thing that will be not accessible
to change into real money is the token itself if you do this with actual ethereum guess what the
rewards are all yours now while that's doing that it's going to come up with a confirmation at the
top right i'm going to show you how you do it on the trade inside so that's just you entering the
pool now this is you actually trading okay there's that transaction confirmed so when you're actually
trading let me put in 0.1 that estimated margin is actually 14.69 usdt so this is this is the
difference in your trading now please have a note price impacts an impression used to describe the
coloration between an incoming order and the change in the price so all that means is if
the price changes while we're doing this it covers you on there now let's short 0.18 let's go through
what this says it's got 12 days i'm shorting each okay the estimated margin is 14.69 usdt so that's
up there token provided is 0.3 and the interest rate i'm gonna get is 0.028 percent a day i've
kept the max slippage as one and i'm going to submit again it'll come up with the transaction
hash and you're going to confirm it this is now you shorting this pool price so submit the order
and it will come up with a transaction confirm the top right now you can see all the transactions
with the actual real token coming up in the bottom here if you are getting involved in that you will
see that too but that's two very easy ways for you to get in here and really make some serious
money if you have a look at my portfolio you can actually see i deposited one either into this pool
and i borrowed one eve which is what i'm doing trading i'm shorting it it keeps a
track of everything you're doing if you click on my positions it will actually show you in this tab
as well and you can sit there and click your trade button which now takes you because you borrowed
that 0.1 it takes you to be able to actually sell the short or buy to cover in a nutshell what that
means is i have shorted eth now since i did that i am minus 84 cents okay it's my profit and loss
i can actually buy to cover it so if i think i've made the wrong decision there i can actually they
call it a different word when we're actually in the trading world but i can buy to cover put in
the maximum i need to one east okay not 0.1 and i can buy to cover it which is going to cover
myself in case it goes the opposite way obviously in this case i'm not going to make any crypto but
what i'm doing is covering my back so that i can actually buy to cover this trade now
you can do this as much as you want you can sell short buy to cover whatever you want to do
obviously do your own research please please don't take this as financial advice from me this is my
educated opinion only and i'm doing this to help you out please please do your own research so guys
one of the last things that i want to talk to you about is you can actually instead of just
entering the pools once this loads i'm going to show you that you can actually create a pool so
like we did before you check the pool enter that all you gotta do is click this cross up here where
it says create now you're gonna select the token that you want to use i'm all about ethereum so i'm
gonna use that because that's what test token i've got i'm gonna click the max on everything that i
can do the days to expiration as well i'm going to click say 10 and i'm going to click approve what
it's going to do is bring up your meta mask and give you this the voting has been done and you can
actually confirm that this can be a pool now once it's approved it's going to enter the pool section
you can actually get people to start depositing within your pool that's another passive income
that you can make for yourself incredible how many different ways you can make money on this dap okay
there is transaction confirmed i now have my own pull there we go guys super super excited about
this please hit the like button if you liked it hit the subscribe if you loved it and please leave
in the comments some feedback we really appreciate your support until the next video i'm out