Welcome to the future!

We’re beyond thrilled to introduce our latest innovation — the Auto-Bidding Tool, coming soon.

This game-changing feature is designed to empower our users, providing greater flexibility and accessibility to traders no matter where you’re located.

In this tutorial, we’ll walk you through the steps to leverage the full potential of the Auto-Bidding Tool, ensuring you make the most of your options strategies.

Step 1: Understanding the need

In the dynamic world of options trading, timing is everything. However, we recognize that users located in different regions often face challenges participating in our current auctions due to time differences.

The Auto-Bidding Tool aims to eliminate these barriers by allowing users to schedule their desired bidding strategies, putting the control back in your hands.

To gain access to the Auto-Bidding Tool, users must own a Level 4 Tails, our exclusive dNFT collection. (This feature will be open to more users in the future)

Typus Finance on Twitter: "Tails By Typus: The Key To Your DeFi Playground.(/5🧵) pic.twitter.com/e56Tj1lz41 / Twitter"

Tails By Typus: The Key To Your DeFi Playground.(/5🧵) pic.twitter.com/e56Tj1lz41

Don’t have one yet? Fret not! You still have the opportunity to mint an NFT on our platform, opening the door to a world of advanced trading possibilities.
https://typus.finance/mint/

Step 2: Navigating the Auto-Bidding Dashboard

Once you’ve secured your Level 4 Tails NFT, head to the Auto-Bidding section. Here, you’ll find an intuitive dashboard where you can set up and customize your bidding parameters.

Our Auto-Bidding Tool offers a range of customizable parameters, including target vault, strategy type, strategy period, bid size, and price range.

Tailor your approach to match your trading style and preferences. Specify bid amounts, choose your preferred options strategies, and set the timing that suits your schedule.

Target Vault lets you quickly locate the vault to bid based on what underlying asset, duration, option type, and bid token you prefer.

The next parameter, strategy type, determines the strategy period. Choose between bidding at specific times, or bidding at the same consecutive time.

With specific times, you have the flexibility to schedule and bypass whichever auctions you want, and are not constrained to a consecutive schedule.

With consecutive times, simply enter the amount of of times (how many rounds) you wanna bid. The strategy will follow the consecutive schedule of the strategy chosen. Eg: Hourly = Bid for the next 10 consecutive hours, Daily = Bid for the next 10 consecutive days, etc.

Next up is Bid Size Per Time, there is a minimum of 10 SUI per bid. Note that this is the CONTRACT SIZE you are purchasing, and not the actual amount of premium you’re paying per auction. In this scenario, the estimated cost of purchasing 10 SUI hourly capped cost is 0.0036 SUI

Max Bid Price is the % tolerance you’re willing to pay. A higher % tolerance means that you are okay with bidding earlier and at a higher price. A lower % tolerance means that you prefer to place your bids at a lower % relative to the price range, which could potentially mean your order not getting filled if there is limited capacity. Through our Dutch Auction mechanism, ultimately the premium bidders pay will all be the same for the same round of auction.

Finally, the deposit amount. This is the amount that you are pre-depositing for the purpose of running your automated strategies. Only bids that are successfully placed will deduct from your deposit amount.

Now that you have a grasp of the parameters you can customize, let’s create your strategy.

Step 3: Creating Your Bidding Strategy

I’ve created a strategy with the following parameter:
A 1 time bid for the upcoming hourly SUI capped call with a 70% tolerance and I’ve deposited 1 SUI to run this strategy.

You will be able to see all your scheduled strategies under the “My Strategy” section in the portfolio page. Before your strategy starts running, you have the option to alter the parameters and update your strategy directly from the “My Strategy” section.

Step 4: Monitoring Your Strategies

Once the strategy has been executed, successful bids show up under “My Bid”

You have the option to activate strategies that are inactive as long as you have enough remaining balance to run them.

You can also choose to close the strategy and retrieve the remaining balance back to your wallet.

Stay in the loop with real-time monitoring features. Track your bids, review performance metrics, and make adjustments as needed. The Auto-Bidding Tool puts you in control, providing a seamless and user-friendly experience.

This is just the first of many advanced tools we’re building. With copy trading and signal trigger strategy on our roadmap next, we aim to make your journey on Typus better everyday.

At Typus, our mission is to empower users and enhance their options trading experience. The Auto-Bidding Tool is a testament to our commitment to innovation and accessibility.

With this powerful tool at your disposal, you can take charge of your trading journey, breaking free from geographical constraints and maximizing your potential for success.

We cannot wait for you to experience this game-changing tool! Make sure to level up your Tails or snatch one to try out this powerful tool.

Stay tuned for announcements on when this feature is going live.

Love,
The Typus Team.