Creating a DCA order
Last updated
Last updated
Creating a new DCA order on Aftermath is simple. Here we will walk through the steps of setting up a basic order. In the following sections, we will explore some of the further customizations which can be made if desired. We will discuss each field and what they mean to ensure the user sets their parameters for their desired outcome.
I want to allocate: This is the coin you currently possess in your wallet, which you want to swap into a different coin. The amount you enter here should be the total amount you wish to trade over the entire duration of your DCA order.
To buy: The coin you wish to swap into.
Every: This is the frequency at which you want the trades to occur. You can demoninate the time duration between trades in minutes, hours, days, weeks, or months.
Over X orders: This is the total number of trades you wish your DCA order to be broken up into. The amount of the allocated token which will be sold each order is calculated for you and displayed below for you to review.
Once you have reviewed your order and the parameters are all to your satisfaction, click the Create Order button. You will be asked to sign a transaction to create a new DCA account, and to approve a transaction to fund it.
Sign and Approve the transactions, and your DCA order will commence. In the next section, we will review monitoring the progress of your order.
In order to ensure each trade is processed, 0.05 SUI is set aside per transaction to pay for gas. For example, if you create a DCA order with 10 total trades, 0.5 SUI (0.05 SUI per trade x 10 trades) will be charged in addition to the funds deposited for trading. The difference between the gas deposit and the actual cost of the transaction when finalized is refunded to the user once the order is deleted or cancelled.
