Buy
Buying DP & YB Tokens
The Buy tab lets you purchase DP and/or YB tokens in any ratio you choose from the AMM liquidity pool. This is how you customize your risk exposure beyond the default 50/50 split on the Split tab.
Getting Depeg Protection with DP
If you want to protect your position against depegs, buy DP tokens. The more DP you hold relative to YB, the more of your position is covered.
For example, allocating 100 units of a base asset as
95 DP
5 YB gives you near-full protection
Your DP tokens are redeemable 1:1 at maturity even if a depeg occurs, while you still retain the base yield minus the premium you paid to YB token holders for depeg protection.
Boosting Yield with YB
If you believe a depeg is unlikely and want to maximize returns, you would buy YB tokens. You earn the base yield plus a premium from selling depeg protection.
For example, allocating 100 units of a base asset as
10 DP
90 YB
This concentrates your exposure on yield. In a no-depeg scenario, YB holders earn a higher effective APY than simply holding the base underlying asset.
How to Buy
From the Markets, select your desired asset. It navigates you to the Buy view for that market.
Specify the amounts of DP and YB tokens you want to purchase.
Example: With 100 units of a base asset, you could buy 70 DP and 30 YB.
Review the transaction details – including price impact and any slippage.
Click Buy and confirm the transaction.
Your token balances will update once the transaction confirms.
How It Works
When you buy through this Buy, you are swapping the base asset for DP and/or YB tokens via the AMM pool. The tokens available for purchase come from liquidity deposited by other users.
Since prices are market-driven:
DP and YB token prices reflect supply and demand. If more users want protection (DP), its price may trade at a slight premium.
Slippage may occur on larger trades relative to pool liquidity.
You are choosing your risk profile. More DP = more protection, lower yield. More YB = higher yield, more depeg exposure.
When to Use: Buy vs. Split
You want an even 50/50 allocation
Use Split
You want mostly protection (e.g., 80% DP / 20% YB)
Use Buy
You want maximum yield boost (e.g., 20% DP / 80% YB)
Use Buy
You already split and want to shift your ratio
Use Buy to trade one side for the other
Understand Risk Profiles
Conservative investor (risk-averse): You believe the underlying asset carries meaningful depeg risk and want maximum protection. You allocate 100 units of a base asset as 95 DP and 5 YB — locking in protected yield with minimal depeg exposure.
Aggressive investor (yield-seeking): You believe a depeg is unlikely and want to maximize returns. You allocate 100 units of a base asset as 10 DP and 90 YB — earning boosted yield in exchange for absorbing depeg risk.
Both investors retain the full base yield of the underlying asset. The difference is in how depeg risk and its premium are distributed between them.
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