Table of Contents:
- Creating an opportunity
- Navigating the opportunity page
- Depositing your first funds
- Starting a funded opportunity
- Checking an opportunity transaction history
- Extracting an opportunity transaction history
- Closing an underfunded opportunity
Creating an opportunity
This procedure is currently executed with the assistance of Block Green for quality control reasons. A future workflow is being created and will replace the current instructions.
- Contact Block Green via email to start the opportunity creation process.
- We will reach out to you to discuss your requirements (opportunity size, duration, collateralization), resulting hashprice, and applicable discount rate.
- After finalization of the opportunity terms, we will validate and publish the opportunity on the application.
Navigating the opportunity page
- Navigate the opportunity list to find the opportunity.
- Click the “Opportunity ID” to access the opportunity details page.
- Check the opportunity information, collateral status, tranche details, and transaction history.
- Validate the opportunity information under “Opportunity Information”. All information should correspond to the information that you have provided when creating the opportunity.
- You can check the collateral status and deposit collateral under the “Deposit Collateral” section.
- You can check the financing history under “Tranche Details”, where you are able to validate the status, funding, and settlement date for any given amount of liquidity received.
- Check the transaction history under “Transaction History”, where each transaction regarding the opportunity is recorded, detailing their status, addresses, type of transaction, timestamp and amount. You can also access more details using a Blockchain explorer, clicking on the link available on “Tx Link”.
Depositing your first funds
- Navigating the user interface, click the "Wallet" tab and select the “Deposit” option.
- Copy the address of your platform wallet by clicking on the copy symbol.
- Transfer the funds from one of your wallets using the Bitcoin (BTC) network, following the provided best practices:
- Validate that the wallet addresses on the transaction are correct.
- Make sure that you are completing the transaction via the Bitcoin (BTC) network.
- Send first a small amount of funds to the target wallet address in order to ensure correct transaction settings & inputs.
- Validate that the test transaction was successful and that funds are visible on the wallet of the app.
- Successful transfers will be confirmed after six network confirmations. The transferred funds will then be visible on the app.
Starting a funded opportunity
- Once an opportunity receives the required liquidity, you will receive a notification from the platform.
- You need to deposit collateral to the opportunity’s collateral address until 24h before the start date of the opportunity. Please note that you will only receive the agreed upon advance amount after you have deposited sufficient collateral.
- You need to access your mining pool software and redirect your mining rewards to the reward address of the opportunity.
- You can consult the transaction history of the opportunity to validate any operation.
Checking an opportunity transaction history
- Navigate the opportunity page to find information about the transaction history.
- Under “Transaction History”, you are able to confirm the transaction history for the opportunity.
Closing an underfunded opportunity
- Navigate the opportunity page to find information about the start date of an opportunity and its minimum funding amount,
- If the opportunity does not receive the minimum funding amount from LP’s before the set start date, the opportunity will be automatically closed, requiring no action from your side.