The Vega protocol software is built to provide a framework for creating markets for trading financial instruments that are based on the values of their underlying assets. All markets created using the Vega protocol have been initiated and voted on by tokeholders. To start, the Vega protocol exclusively supports creating cash-settled futures markets. (Learn about cash settlement on Investopedia. ↗)
Participants that interact with a futures market created using Vega software can submit market, limit, pegged and liquidity commitment orders.
The topics in this section are in progress and will continue to cover more of the trading framework.
This section covers derivatives trading concepts and parameters that can impact trading modes. If you understand basics and want to try out the Vega protocol for trading, use Vega Console ↗ for the Fairground network. You'll need to deposit testnet assets using Vega and Ethereum wallets.
📄️ Trading modes
Find out what trading modes the protocol supports.
📄️ Positions and margin
Trading margined derivatives (such as futures) allows you to create leveraged positions, meaning you only need some of the notional value of an instrument to place orders on a market on Vega.
📄️ Fees and trading rewards
Trades can incur fees as well as get rewards.
📄️ Market protections
Read about how markets can trade safely, pseudonymously.
See the order types and when they're applicable for a market.
Vega can be used to create cash-settled futures markets, meaning they are margined and settled in a single asset, as opposed to being settled in the actual (physical) underlying asset.
📄️ Market lifecycle
See every stage possible for a proposed or live market.