Creating Positions
Last updated
Last updated
Creating a position in DCA means swapping a fixed amount an ERC-20 token for another ERC-20 at a regular interval. In order to do so, users needs to input certain properties:
Chain: Arbitrum, Ethereum, Polygon or BSC
Wallet: Metamask, Rainbow, WalletConnect, etc
From: ERC20 token to sell
To: ERC20 token to buy
Total Investment: Total amount of "From Token" you wish to put in the vault.
Duration: how many swaps to execute
Frequency: daily, weekly, hourly, etc
Let's take an example where we swap USDT -> CRV. The steps would look something like this:
Step 1: We choose invest 22.11 USDC to buy $CRV 22 times on a daily basis.
Step 2: Review your position
Step 3: Approve the transaction from your wallet and thatβs it. Your DCA position is all set.
You won't need to deposit anything else or pay any gas fees when the swaps are executed every day. To learn more about fees, check the fees section.