# Introduction ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FfzA71G8sTBSHocuKOBEk%2FSEO-banner.png?alt=media\&token=35ed1980-75b6-4358-bb15-e71f77c2361b) ### **What is Friendly Market?** Friendly Market is a one-stop-shop for Casper. We provide access to multiple DeFi products in one place. ### **Why Casper?** The Casper Network is the first live proof-of-stake blockchain built off the Casper CBC specification. Casper is designed to accelerate enterprise and developer adoption of blockchain technology today and evolve to meet user needs in the future. What’s more, we've been continually impressed by the value, vision, and engineering chops of the Casper team. For these reasons, we believe that Casper is the best choice to support the next generation of DeFi apps. ### **Are your smart contracts audited?** All our smart contracts are reviewed by [Arcadia](https://www.arcadia.agency/), a key player in DeFi development on Casper. ### **Do you have a token?** Yes. Check out the [REI and superREI](https://docs.friendly.market/products/rei-and-superrei) page. ### **What wallets can I use with Friendly Market?** To connect to Friendly Market, you can use [Torus](https://tor.us/), CasperDash, Casper Wallet or [Casper Signer](https://docs.cspr.community/docs/user-guides/SignerGuide.html) ### **Can I use Friendly Market on my phone?** Yes. You can use Torus to connect to Friendly Market on Mobile. Friendly Market provides the ultimate user experience for interacting with DeFi products using your phone. We offer easy and simple access. ### **How do you decide which tokens to list on Friendly Market DEX?** Friendly Market accepts all tokens from the Casper network to be listed. It is not necessary to contact us or ask for permission. All you need to do is add liquidity to create a pair. ### # Wallet Set-up Casper Network To use Friendly Market, you'll need to create a Casper wallet with Casper Signer or Torus. Your tokens will be exchanged directly to and from your wallet. * [Create Casper Signer & Connect to cspr.live](https://docs.cspr.community/docs/user-guides/SignerGuide.html) * [Create Torus Wallet](https://casper.tor.us) # Wallet Setup Nibiru Chain To interact with the protocol, you need to connect a **Nibiru-compatible wallet**. This is your gateway to deposits, borrowing, and rewards. #### Why it matters Without connecting your wallet, you cannot: * Supply collateral. * Borrow funds. * Claim rewards. Your wallet is also where you hold **NIBI tokens**, which are required to pay for gas fees on the Nibiru chain. #### How to use it 1. Click **Connect Wallet** in the top right of the app. 2. Select your Nibiru-supported wallet. 3. Approve the connection request. 4. Make sure you have: * **NIBI tokens** for gas fees. * Assets you want to lend or borrow. # 🔄 Friendly Swap ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2F3Mxnq9Qpy6EJeNKTOjjo%2FAMM%20Banner%402x.png?alt=media\&token=f2bd92f6-0ba0-4092-b069-211ff12df493) An AMM is vitally important to a sustainable DeFi system as it is essentially an algorithm that sets buying and selling prices for cryptocurrencies. The Friendly Market AMM is built using the constant product formula `x*y=k` to determine token prices. A 0.3% fee will be collected on every trade executed on the AMM. 0.25% will go to liquidity providers while the rest will be split evenly between superREI holders and the Friendly Market treasury. Naturally, yield farming will be available on the platform as well, giving liquidity providers the chance to earn more yield in addition to the trading fees they get from providing liquidity. # How To Trade #### 1. **Create a Torus/CasperLabs Signer wallet** To use Friendly Market, you'll need to create a Casper wallet with CasperLabs Signer or Torus. Your tokens will be exchanged directly to and from your wallet. **2. Get CSPR** Since Friendly Market is based on the Casper blockchain, you will need its native token, CSPR, in your wallet to pay the network fees on each transaction. **3. Connect your wallet** ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FvEfxbg8ckRwXyfVo7BZZ%2Fimage.png?alt=media\&token=f224bce2-6580-44cb-b612-7dc1dacb9a81) #### **4. Enter the amounts** ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2F02y42qECBIOyaOTRH58J%2Fimage.png?alt=media\&token=4c47fb95-c4b9-4c6c-b7f9-649aef61ae0a) #### **5. Click on Swap and sign transaction** * Sign using Casper Signer ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FRcEH6yNhLX3op8eBvXoQ%2Fimage.png?alt=media\&token=cbc899d1-a07a-4283-9186-bafb067e2f55) * Sign using Torus ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FfQUdvRM27BeFy3mxmV5N%2Fimage.png?alt=media\&token=6d571942-0492-489d-a386-b8098ef1e7bb) #### 6. All done! You can click on 'View on Explorer' to see your transaction details. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FF92vKfw7SrKvvtCZWaAr%2Fimage.png?alt=media\&token=f09f074f-6d80-4795-865d-0cb9fa368e65) # How To Provide Liquidity ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FJiNHWN9RpL6a27sSnjVo%2Flp-w-t.png?alt=media\&token=5e7b9a1e-7b07-4e49-9b77-66fa5efa5bc0) To provide liquidity, you’ll need to deposit the two tokens making up the pool of your choice. In this process, liquidity providers are rewarded by newly minted LP tokens. LP tokens represent the liquidity provider’s share in the pool and provide the benefit of earning trading fees, which are accumulated into the pool on every swap transaction. During this example, we are going to add liquidity to the **CSPR/dETH** pool: 1. Head over to ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2Fssa1RzKdgUmDN8jYonvH%2Fimage.png?alt=media\&token=a229cd7d-dc8d-4c1b-a3a5-e219d70a417c) 2\. Enter the number of tokens you want to deposit in the pool. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FxTcswR4CsPNKf3PoJ4hp%2Fimage.png?alt=media\&token=a39aaeba-e003-49f5-8cbd-afd5352940ff) 3\. Click "**Add Liquidity**." ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FCTu0qW9qoi05F6lEmlRx%2Fimage.png?alt=media\&token=bfa6f1cf-ce36-44a0-9726-16f5dc4f4bf9) ### View Your Liquidity To view your current liquidity positions, visit the [Pool](https://friendly.market/pool) page. If you have connected your wallet and you have supplied liquidity you'll see your positions like shown in the screenshot below. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2F1jFA8Fmy2Hwb9LFO53NP%2Fimage.png?alt=media\&token=81f6a3fa-b0f5-4b3a-88b9-9273af772b59) ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FyaerZqD6HMZaQGXMjNNZ%2Fimage.png?alt=media\&token=4707519a-bea1-463b-95f7-ba061b8743f3) # How To Import Liquidity If your liquidity position does not show up in the Pool page, you can import it by clicking on the **Import** button. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FYV0A6zNY7LMSXHKWDCd7%2Fimage.png?alt=media\&token=4d6f842e-2f1b-4a22-8dec-de46ff58434a) You will then be redirected to another page where you can select the pair. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2F7ng6qbC3NiAxYd9dJHEk%2Fimage.png?alt=media\&token=0701c8b3-a930-411c-886d-569a2b8771aa) After pair selection, wait a few moments while fetching your current positions ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FFd4dwMfy80JYTg9Ooowt%2Fimage.png?alt=media\&token=ce448733-ab56-4e7d-b7bd-b9903adc6092) If you have LP tokens of the pool you chose, you will get a message confirming this with a link that goes to the Pool page where you will be able to see your newly imported position. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FhJXSxvUpMkU82OIukxDE%2Fimage.png?alt=media\&token=63a5ef53-0c04-4101-b5c8-a952520e1fbd) If you select a pair that you have not supplied liquidity to, you will get a link to add liquidity to that pair. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2F8v788SzvRcXPlHFiR6g4%2Fimage.png?alt=media\&token=e6ad7dfd-cf95-41f6-8a6e-18843591ba72) # How To Remove Liquidity 1. Visit the [My Liquidity](https://www.friendly.market/pool) page to view your active liquidity positions. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FVxQyIdAVsY5zfsiU9g1O%2Fimage.png?alt=media\&token=d9e3d407-f0eb-4bf1-a42f-2bc533418065) 2\. Click on the pair you want to remove liquidity from under “My Liquidity Positions". ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2Fe0NWaYc54fBRpWSBunjo%2Fimage.png?alt=media\&token=d69a798a-0028-4121-acff-238adacaf0b9) 3\. Click **Remove**. You'll be redirected to a new page. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FItfl9Hy0geroJCh9STMs%2Fimage.png?alt=media\&token=06b7a937-322a-46d8-880e-07de5e1aa34d) 4\. Choose how much liquidity you want to remove then click on **Remove**. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FSD5OKLYtmjLabzDNy57q%2Fimage.png?alt=media\&token=e5495ceb-8c7a-4794-acb7-94bc5355692f) 8\. Once the transaction is confirmed, you will receive two of the tokens from your pair. # Liquidity Pools Learn about Liquidity Pools ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FJiNHWN9RpL6a27sSnjVo%2Flp-w-t.png?alt=media\&token=5e7b9a1e-7b07-4e49-9b77-66fa5efa5bc0) By providing liquidity to a pool, you'll earn a 0.25% fee on all trades proportional to your share of the pool. Fees can be claimed by withdrawing your liquidity. ## How do LPs earn fees? Every time a swap happens in a pool, a 0.3% fee is applied. Of which 0.25% goes to liquidity providers while the rest gets split between the Friendly Market treasury and [superREI](broken://pages/cDhesfuGqyKoG4LCQJzZ) holders. The fees do not get sent directly to LPs wallets, instead they are added to the pool, increasing your position. Example: * There are 1000 CSPR and 1000 USDC in a pool * There are 1000 LP tokens in circulation. Meaning 1 LP token = 1 CSPR + 1 USDC * Alice swaps 100 USDC to CSPR * LP fees are 0.25 USDC (0.25% of 100USDC) * Bob swaps 100 CSPR to USDC. * LP fees are 0.25 CSPR * Pool now has 1000.25 CSPR + 1000.25 USDC. * 1 LP token is now worth 1.00025 CSPR + 1.00025 USDC ## How is APR Calculated? Pool APR is calculated based on the pool's 7-day volume. Example: * Pool CSPR-USDC has $50M in liquidity * 7-day volume for pool CSPR-USDC is $10M * To calculate the fees, we multiply the volume by 0.003 (0.3%) which equals **$30,000** * Remember we want to caluclate yearly rewards, so we multiply 30,000 by 52 (365/7) which equals **$1,560,000** * All that is left now is to divide the yearly volume by total pool liquidity and multiply by 100 to get the percentage: `(1,560,000/50,000,000)*100`which equals **3.12% APR.** ## Impermanent Loss {% hint style="warning" %} Providing liquidity has its risks. Make sure you understand all associated risks with providing liquidity. {% endhint %} ["Simply put, impermanent loss is the difference between holding tokens in an AMM and holding them in your wallet."](https://blog.bancor.network/beginners-guide-to-getting-rekt-by-impermanent-loss-7c9510cb2f22) Also check out [Binance Academy's explanation of the topic.](https://academy.binance.com/en/articles/impermanent-loss-explained) # FAQ ### **Why is it stuck in 'Waiting for transaction signature'?** ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FjZ263TPdv8QJSbjbrTSm%2Fimage.png?alt=media\&token=4662602a-ee24-4b6d-93c1-d74a87a84eec) This could be due to many reasons: * **Insufficient balance**: Make sure you have enough CSPR to pay for gas fees (around 3CSPR to 5CSPR) * **Casper Signer**: If you are using Casper Signer, make sure the extension is active and is working. Try refreshing the page and/or restarting the browser and trying again. ### **What does User error: 65533 mean?** ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FgyM0v3vFEsfrnUP5lBPy%2Fimage.png?alt=media\&token=3c02d342-03d9-43d4-9192-09e5b0172c20) The smart contract has not been approved to spend your tokens. Make sure you approve the smart contract first. ### **What does User error: 65527 mean?** ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FyHyIVTFjBwXbIo5Smmo0%2Fimage.png?alt=media\&token=434cbbfc-b7d7-45dd-92d3-c1c27dbfdb34) This error means that the requested prices for the trade cannot be met. This usually happens when the price of the tokens changes right before you submit your trade. Try increasing your slippage or try refreshing the page and submitting the trade again. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2F7M7B8B3enu0UE9ZzFlQ4%2Fimage.png?alt=media\&token=a97ca462-e628-47c5-aac5-cbdc62fae98a) ### **What is Expert Mode?** Expert mode allows you to perform trades with high price impact. Before Expert Model: ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FykSbF3BYDyrq5fKLhCRt%2Fimage.png?alt=media\&token=1fc8700e-7b10-4f2d-8af3-f8c34c30bb52) After enabling Expert Mode: ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FMxI98KKJPZvj44Ei9tWw%2Fimage.png?alt=media\&token=ff6c502c-5019-4245-875a-19bc12efdcb9) ### **I supplied liquidity but my token numbers keep changing** **This is normal.** When you supply liquidity to a pool, you get LP tokens. These LP tokens represent your share in the pool of tokens in the pool. Your pool share is calculating by dividing your LP tokens balance by the LP tokens total supply. Example: * Pool has 100 CSPR and 100 USDC * Pool LP tokens total supply is 100 CSPR-USDC LP * Bob adds 50 CSPR and 50 USDC to the pool * Bob gets 50 LP tokens * Pool LP tokens total supply is now 150 CSPR-USDC LP * Bob currently owns 33% of the pool. * Alice swaps 15 CSPR to 13.6 USDC * Pool now has 160 CSPR and 136.4 USDC * Bob still has 33% of the pool, which is equal to 52.8 CSPR + 45.012 USDC ### I supplied liquidity but both my tokens have decreased in numbers This happens if you supply liquidity at price x and other users supply liquidity at price y where price y is lower than price x. Example: * Pool has 900 CSPR and 900 USDC. 1 CSPR = 1 USDC * 1 LP token equals 1 CSPR + 1 USDC * Alice supplies 100 CSPR and 100 USDC to a pool for a 10% share. * After multiple trades, 1 CSPR = 0.12 USDC and pool has 3000 CSPR and 300 USDC. * Bob supplies **2000** CSPR and 1000 USDC for a 40% share of the pool * Alice now has 5.5% of the pool or 99 CSPR and 49.5 USDC. * **Alice lost 1 CSPR and 50.5 USDC.** {% hint style="warning" %} Providing liquidity has its risks. Make sure you understand all associated risks with providing liquidity. Visit the [Impermanent Loss section](https://docs.friendly.market/products/amm/liquidity-pools#impermanent-loss) for more details. {% endhint %} # 🖼️ NFT Marketplace
NFTs and an NFT marketplace are essential to every blockchain. In a world of fiat printing and currency devaluation, the importance of having units of exchange that are incorruptible is not to be underestimated. The Friendly NFT marketplace is permission-less, meaning anyone will be able to create and sell their NFTs on the platform. A 3% platform fee will be applied on every sale. When the REI token launches, the fees will be distributed equally between the holders of superREI and the Friendly Market treasury. {% hint style="info" %} To be visible on the marketplace, NFTs need to have a`token_uri`field pointing to an IPFS hash in the metadata sent to the smart contract. Example of a valid`token_uri`field: `{"token_uri":"ipfs://bafkreiby646kw5vqicjvl77mf234g4zt65j7bpyh4d3rcplhtss6osfl4i"}` **Users minting on Friendly Market do not need to worry about this.** {% endhint %} {% hint style="info" %} Only NFT collections [created on Friendly Market](/products/nft-marketplace/create-your-collection) or deployed using the [**CEP78 standard with events**](https://github.com/FriendlyMarket/eventful-cep78) will be tracked on the marketplace. {% endhint %} Contents: ### FAQs: {% content-ref url="/pages/M3nD8sV1VFg957ZMkP67" %} [CSPR and WCSPR](/products/nft-marketplace/cspr-and-wcspr) {% endcontent-ref %} {% content-ref url="/pages/1i1oQprTYvvbCdevybMi" %} [Broken mention](broken://pages/1i1oQprTYvvbCdevybMi) {% endcontent-ref %} ### Getting Started: {% content-ref url="/pages/H16E0OlxoiMV20kMhETo" %} [Wallet Set-up Casper Network](/master/wallet-set-up-casper-network) {% endcontent-ref %} {% content-ref url="/pages/T3luDueNJaJUuuE9mQEP" %} [NFT Profile](/products/nft-marketplace/nft-profile) {% endcontent-ref %} {% content-ref url="/pages/f8J0ABYFHdIgkKIostRu" %} [Quick Information & Tips](/products/nft-marketplace/quick-information-and-tips) {% endcontent-ref %} ### How to buy NFTs: {% content-ref url="/pages/BETmFaMV5BTseJt1XKxj" %} [Fixed Price Purchase](/products/nft-marketplace/fixed-price-purchase) {% endcontent-ref %} {% content-ref url="/pages/bhuaXWEOn3petQpKO6L1" %} [How To Bid](/products/nft-marketplace/how-to-bid) {% endcontent-ref %} {% content-ref url="/pages/vuEMLjgVBzmR95GXdR2s" %} [Making An Offer](/products/nft-marketplace/making-an-offer) {% endcontent-ref %} ### How to sell NFTs: {% content-ref url="/pages/DgKbiorACiPiNqnqZfG2" %} [Selling your NFT](/products/nft-marketplace/selling-your-nft) {% endcontent-ref %} ### Collection Management: {% content-ref url="/pages/zwZhXnDLa6u0YIhTn8VN" %} [Create your Collection](/products/nft-marketplace/create-your-collection) {% endcontent-ref %} {% content-ref url="/pages/56VbQ2frxXMFMoNGt9mT" %} [Managing your Collection](/products/nft-marketplace/managing-your-collection) {% endcontent-ref %} # CSPR and WCSPR To interact with the NFT Marketplace, it is necessary to have CSPR in your wallet. **CSPR** CSPR will be deducted from your wallet when used on the marketplace to: * Pay for gas/transaction fees. * Buy an NFT * Make an offer on an NFT * Bid on an NFT {% hint style="warning" %} To make any kind of transaction on the marketplace you will need to have a balance of CSPR to pay for the transaction fee. {% endhint %} **WCSPR** WCSPR is the ERC20 version of the native Casper Network token (CSPR). All marketplace transactions eg. buying NFTs, making offers, bidding, etc... will be carried out using WCSPR. WSCRP is backed 1:1 with CSPR, to obtain WCSPR please visit the [**wrap section**](https://www.friendly.market/wrap) on our AMM to swap CSPR to WCSPR. Unless you prefer to do so, wrapping CSPR maunally is not necessary. We've added the possiblity to wrap the CSPR into WCSPR and interact with the marketplace contract into one transaction. # Quick Information & Tips Below you will find useful information and quick tips.
Reporting Inappropriate Content - ​ If you believe content has been uploaded which is offensive to the community, \ please press the symbol and follow the instructions to report it. See more [here](/products/nft-marketplace/report-inappropriate-content).
Sharing NFT Listings - On any NFT listing by pressing will allow you to share the link of the listing in the following ways: * URL * Facebook * Twitter
Transaction Speed When you are required to confirm a transaction please keep in mind each one will take around 30 seconds. This is due to the speed of Casper Network and not something Friendly Market can control.
Royalties Royalties are currently **NOT** supported. This is due to the CEP78 standard not having support for royalties.
#### # NFT Profile You can view your profile to display the following: * Owned NFTs * Listed NFTs * Offers Made * Received Bids * Bids Made Follow the steps below to view your profile. 1. Click on your wallet address on the top right of the screen.
2\. A pop up will appear with your wallet information, select **View NFT Profile**
3\. You will now see your NFT profile, please familiarise yourself with the different tabs.
Let's move on to purchasing your first NFT on the Casper Network! # Selling your NFT Now it's time to list your first NFT on the Casper Network! ### **Listing Creation** 1. Navigate to the NFT you want to sell and click on **List For Sale**
* In the popup that appears, select the type of sale you'd like to perform {% tabs %} {% tab title="Fixed Price" %} Select the 'Fixed Price' option and type in your asking price. You can choose whether to list the NFT immediately or at a later date.
* Price: The price you wish to sell the NFT for. * List Immediately: Choose whether to list this NFT now or at a later date. * Expiration date: Set a deadline for your sale. Users will not be able to purchase the NFT after this date. To get the NFT back to your wallet, you will need to manually unlist the NFT if it is not sold before the deadline. {% endtab %} {% tab title="Auction" %}
* Minimum Bid: The minimum amount a user can bid. * Minimum Bid Increment: New bids must be higher that previous bids by at least this percentage. Example: For an auction with a minimum bid increment of 5% and a current bid of 100 WCSPR, the next valid bid must be higher or equal to 105 WCSPR. * List Immediately: Choose whether to list this NFT now or at a later date. * Expiration date: Set a deadline for your auction. Note that if the NFTs receives new bids in the last 10 minutes before the expiration date, then the expiration date is extended by an addtional 10 minutes. After the auction ends successfully, you can get your WCSPR by clicking on **Claim WCSPR** in the Bids Received tab in your [NFT Profile](/products/nft-marketplace/nft-profile).
{% endtab %} {% endtabs %} {% hint style="info" %} * A 3% platform fee will be applied on every sale. When REI token launches, the fees will be distributed equally between the holders of superREI and the Friendly Market treasury. * Once listing is successful, temporary ownership will be given to the marketplace address. {% endhint %} # How To Bid Once you have found an NFT that is set to an auction-style listing you will firstly need to place a bid. Press **place bid** to display the bid amount field, you will only be able to bid with the token the seller has decided to accept as payment, this will be either REI (when it launches) or WCSPR. {% hint style="info" %} Any bids made within the final 10 minutes of the auction ending will extend the time of the auction by a further 10 minutes. {% endhint %}
3\. A message to confirm your bid was processed will appear. Bids can be viewed within your [***NFT Profile***](/products/nft-marketplace/nft-profile)***.*** The following message and options will be displayed: * Auction Won - You have successfully won the NFT. * Outbid - Claim back the WCSPR you designated to the bid. If you win the auction, either you or the seller need to trigger the exchange. * From the buyer's side this can be done by clicking on the **Claim NFT** button in the **Bids Made** tab.
* From the seller's side, this can be done by clicking on the **Claim WCSPR** (or REI, depending on the payment token) button in the **Bids Received** tab.
The NFT can now be viewed under the **Owned** tab under [NFT Profile](/products/nft-marketplace/nft-profile). Now let's move on to the next page to learn how to buy an NFT through a **Fixed Price** type listing. # Fixed Price Purchase Found the NFT you have been looking for? Simply follow below on how to purchase instantly for the sellers asking price. ### How to Buy 1. Press **Buy Now** to authorise the purchase.
2\. You will be asked to sign a transaction to **approve** and **buy** the NFT. Congratulations you have just bought an NFT, to view the NFT in your wallet go to your [***NFT Profile***](broken://pages/nr2dvPiaYpG9mTFaN22V) and select the **Owned** tab. Lets continue onto the next page to find out how to make offers on NFT listings. # Making An Offer So, you have found an NFT you like but feel you can get a better deal? then you can make an offer on an auction or fixed style listing by following the steps below. Offer status can be viewed under the **Offers Made** section within your [***NFT Profile***](/products/nft-marketplace/nft-profile). #### How to Make An Offer 1. Press **Make Offer to** begin. You will be able to make an offer in CSPR or WCSPR and set a date as to when your offer expires.
2\. View offers you have made in your [**NFT Profile**](/products/nft-marketplace/nft-profile). You may also withdraw an offer if you no longer wish to purchase the NFT. If the seller accepts an offer, you will see the NFT under your **Owned** tab. # Create your Collection Friendly Market makes it possible for you to create your own NFT collection. To create an NFT collection, navigate to the [Create Collection](https://friendly.market/nfts/create/collection) page.
To understand the different modalities such as `Ownership Mode`, `NFT Kind`, etc.., it is recommended to check the [README](https://github.com/casper-ecosystem/cep-78-enhanced-nft#modalities) provided by Casper. # Managing your Collection {% hint style="info" %} Only the collection's installer can manage the collection. {% endhint %} To update your collection's information, head over to the collection page. There are three ways you can do this: 1. While inspecting an NFT that belongs to the collection, click on the collection name
2. By going to your profile and clicking on **View Collections** then select your collection.
3. By simply navigating to . Make sure `YOUR_COLLECTION_HASH_HERE` with your actual collection hash. For example, if the collection hash is `42890b209bfbbc5c0d2c56715682e18bc13509ae980b1fc2121cdbfcefdd0ded` then the URL becomes In your collection page, click on **Edit Collection.**
You will be redirected to a page where you can update all your collection's relevant information.
# FAQ's ### **Why is it stuck in 'Waiting for transaction signature'?** ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FLr0SqnPaiswuZUUJXA0V%2Fimage.png?alt=media\&token=a9347d2a-c93d-45d8-a818-4a524377bc09) This could be due to many reasons: * **Insufficient balance**: Make sure you have enough CSPR to pay for gas fees (around 3CSPR to 5CSPR) * **Casper Signer**: If you are using Casper Signer, make sure the extension is active and is working. Try refreshing the page and/or restarting the browser and trying again. ### **What does User error: 65533 mean?** ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2F0fgV2S3KuexdrQs3RqvC%2Fimage.png?alt=media\&token=6968cd6a-f729-48db-bcae-969882a69331) The smart contract has not been approved to spend your tokens. Make sure you approve the smart contract first. ### **The Transaction Link Says Not Found** ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2F1dwFzWVF6ocSofKyU23d%2Fimage.png?alt=media\&token=bb178ece-3ec5-4720-9f2b-b0959891c465) You need to wait for the transaction to be picked up by the nodes and included in the blockchain. This usually takes around 30 secs. # Report Inappropriate Content If you feel any content on our NFT Marketplace is inappropriate please report it and we will remove the content swiftly. ## Making a Report On any listing look for the following symbol ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FtnhM3InY9NNtXUViiCsl%2Fimage.png?alt=media\&token=98746f0a-042c-4282-ace7-bea4fd13551a) Once pressed an information box will appear to direct you to a form to fill out.
Please fill out the form accordingly where a team member will review and remove the content if deemed inappropriate as swiftly as possible. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FNdRxMRV0DWLflRQ6nsK2%2Fimage.png?alt=media\&token=491ee5e1-c230-402b-aade-8de86a4a1047) {% hint style="warning" %} **The direct link to the form:** [**https://docs.google.com/forms/d/e/1FAIpQLScncU29YwnHtboLd8QkHWrpgIw8u2GznlF92jCasPqtIcR5Tg/viewform**](https://docs.google.com/forms/d/e/1FAIpQLScncU29YwnHtboLd8QkHWrpgIw8u2GznlF92jCasPqtIcR5Tg/viewform)\ \ **Alternatively, please contact an admin via the following channels.** Discord: [**https://discord.com/invite/S9kGRkS6gP**](https://discord.com/invite/S9kGRkS6gP) Telegram: [**https://t.me/friendlymarketofficial**](https://t.me/friendlymarketofficial) {% endhint %} # 🤖 Ghobot | Your Casper Trading Companion
We're thrilled to announce the launch of our latest product, Ghobot! Ghobot is a Telegram bot that allows you to easily trade tokens on the Casper Network using only your Telegram account. With Ghobot, you can simply paste your token address and start trading. Flick through our tutorial to gain an understanding of how to use Ghobot. # Ghobot Setup Firstly, access Ghobot using the following link: 1. Press **Start** to be greeted by the main menu, select **⚙️ Wallets.**\
2. Simply press **Generate Wallet** to create an address for the bot to use.
3. Your wallet details will appear. Do not forget to write down all essential information for wallet recovery in case access is lost.
4. By pressing **Back to Wallets** you will be returned to an overview of your wallet and further wallet management options.
Once your wallet has been set up press **Menu** and proceed to the next step to learn how to fund your new wallet. # Transferring CSPR To & From Ghobot Simply Transfer CSPR tokens to and from Ghobot in a few easy steps! ### Funding Your Wallet To fund your wallet, the process is the same as any other transfer from your main choice of wallet or exchange, in this instance we will use the Casper Wallet to demonstrate. 1. Within your Casper Wallet select **Send**, enter the amount of Casper and enter the address of the new wallet generated within Ghobot. 2. Press **Next** and follow the instructions within Casper Wallet to perform the transfer, a **Transfer ID (memo)** is not required.
3. Your transaction will process on the network and after a few minutes your balance will appear within Ghobot. Please note transfers from exchanges may take slightly longer depending on their withdrawal processes.
## Transferring Casper Out of Ghobot From the main menu simply press **👻 Transfer Casper** this will bring up the following options. 1. Press **Select Wallet** 2. Select the wallet you wish to transfer from. In this example **Wallet 1.**
3. Enter the address to receive Casper by pressing **📨 Recipient**, this could be the address of any wallet or exchange of choice that supports Casper ($CSPR). Reply to the bot with the address and this will populate the **📨 Recipient** box.
4. Enter the amount of Casper to transfer, you can use the pre selected amounts or enter a specific amount by pressing **🖋️ x CSPR.** {% hint style="warning" %} **Please Note: Leave enough Casper free for network fees, e.g. if your balance is 100 CSPR you should only enter 95-96 Casper to send.** {% endhint %} 5. Lastly, press **Submit Transfer** to process the transaction and you will be given a deploy for the transfer. Wallet to wallet transfers should take a couple of minutes for the network to process, exchange addresses may take longer depending on the exchanges deposit process. # Transferring Other Tokens 1. Select **💸 Transfer Tokens** from the Ghobot menu and enter the contact address of the token to send, in this case we're using Shiboo for our example, enter: \ \ **4d7c5ece0a0dfeea697e6e79cbc9d75d589f2046dff701f944295f630825bd3d**
2. Token information, balance and the transfer options will display. \ \ \- Press **💳 Select Wallet** to choose the wallet holding the token you're sending. \ \- Enter the recipient address by pressing **📨 Recipient.**\ \- Select the amount to send by pressing one of the pre-selected amounts or enter a specific amount by pressing **🖋️ x SHIBOO** and reply to Ghobot with the amount required.\ \- **Submit Transfer** once you have finalised your options.
3. Once your transfer has been submitted you will initially receive a message to confirm it has been successful with a deploy you can view on cspr.live
4. A short while after the Casper Network has processed your transfer you will receive another message indicating success.
# Swapping ## Buying 1. Within the main menu of Ghobot press **🟢 BUY** to begin a swap.\
2. You will be asked to reply with the contract address of the token. In this example we have entered Shiboo using contract address: \ \ **4d7c5ece0a0dfeea697e6e79cbc9d75d589f2046dff701f944295f630825bd3d**\
3. Token information will be displayed with the options available to perform the swap.\ \ The wallet with the highest amount of funds will be pre-selected, you can select or change wallet if you have multiple generated by pressing 💳 symbol. \ \ Pre-selected amounts to swap are offered or to enter a specific amount press ️**🖋️ x CSPR** and reply with the amount required, in this example we replied with **100**.
4. Once happy with you options and settings selected press **Submit Swap** to perform the transaction. \ \ Successfully submitted swaps will display a message with your transaction hash.
5. Once the Casper Network has successfully finalised your transaction you will receive a message of confirmation after a short amount of time.
## Selling 1. Press **🔴 SELL**, you will be asked to enter the contract address of the token to sell. \ \ Using Shiboo again for the example we will enter contract:\ \ **4d7c5ece0a0dfeea697e6e79cbc9d75d589f2046dff701f944295f630825bd3d**\
2. This will display the token information, balance of tokens and sell swap options. \ \ The process to sell is the same as when buying, select or enter the required amount to sell and check swap settings. \ \ Press **Submit Swap** to perform the transaction**.** Confirmation messages will appear for successful swaps.
## Swap Settings #### 🌊 Slippage Due to how AMM's work many trades may be occurring constantly changing the price of a token. If your swap fails please check the deploy hash for error codes, error 65527 will indicate you need to increase the slippage. To do so press the **🌊 Max Slippage** button and adjust accordingly, we would suggest increasing by increments 10% if having trouble. #### ⏳ Deadline The default time set to 20 minutes is the given amount for the TX to process before failing. We suggest you do not modify this setting unless advised due to heavy network congestion. # Export Wallet You can import your Ghobot wallet into other Casper wallets by exporting the private and following these steps: 1. Go to ⚙️ **Wallet Settings**\
2. Click **View Private Key**
3. Select the wallet to export
4. Save the private key to a file ending the .pem extension. 5. Head over to your Casper wallet of choice and select **Import Private Key**.
{% hint style="warning" %} ⚠️ Do not share this information with anyone! It is recommended that you write down this information and delete this message. {% endhint %} # Private Key Security * We advise users of Ghobot to always [generate a new wallet](/products/ghobot-or-your-casper-trading-companion/ghobot-setup) within the bot and not to import existing main wallets. * Always treat Ghobot wallets as hot wallets. Do not transfer more funds to Ghobot than you can afford to lose. * It is recommended to only use Ghobot wallets for trading and to transfer funds out to your other wallets after trading. * Ensure you write down and safely store newly generated wallets details, if you lose access you will not be able to recover the wallet without it. # FAQ's Find help and advice for using Ghobot. ## Fees Ghobot is connected to the Friendly Market platform, the fees are as followed:
**Swaps** * Friendly Market platform fee - 0.3% * Ghobot fee - 1% * Casper Network TX fee **Transfers** * Casper Network TX fee ## Failed Transactions Check the failed deploy hash supplied on cspr.live and check for the following error codes. Error 0 - Insufficient Casper balance to perform swap. Error 65527 - Increase the slippage setting for the token you're attempting swap, this can be found on the swap menu when buying. {% hint style="warning" %} If you're still unable to find the answer you're looking for please reach out to us on Discord or Telegram for admin support. Links for our channels can be found on the main menu. {% endhint %} # CSPR.fun
#### **Unleash Your Token Vision on the Casper Network** Ready to bring your ideas to life on the blockchain? **CSPR.fun** is your ultimate launchpad on the Casper Network — empowering *anyone* to create, trade, and grow their own tokens in just minutes, with zero coding required. Whether you’re building a community coin, testing a concept, or launching the next viral project, **CSPR.fun** gives you the tools to make it happen — fast, fun, and fairly. #### **Why CSPR.fun?** * **Create Instantly**\ Launch your token with a custom name, ticker, image, and description — all in a few clicks. * **Fair & Dynamic Trading**\ Powered by Casper’s scalable blockchain and bonding curve pricing, early supporters benefit as demand grows. Enjoy low fees and fast finality. * **Graduation to Friendly.Market**\ Hit a 2.5M CSPR market cap and your token levels up to the **Friendly.market** DEX — plus creators earn a **21,000 $CSPR** reward. * **Eco-Friendly & Secure**\ Casper’s proof-of-stake network offers low energy consumption and robust security, making token creation sustainable and future-ready. #### **A Launchpad for Everyone** Unlike other platforms, **CSPR.fun** blends user-friendly design with powerful blockchain tech to make token creation accessible to *everyone* — not just developers or insiders. Whether it’s a serious project, a fan token, or something completely unique, **CSPR.fun** is your canvas. Head to **cspr.fun**, create your token, and see where the Casper community takes it. From memes to mission-driven tokens, your idea starts here. # How to Trade ### **Key Information** * Trading tokens consumes around 9 $CSPR in gas. * When your token reaches 2.5M CSPR Market Cap, it will be automatically launched on [Friendly.Market](https://friendly.market) DEX and you will receive 21k CSPR as a reward. * Triggering the token graduation (meaning buying a token and pushing its market cap above or equal to the graduation market cap) costs around 800 $CSPR. #### Trading On the homepage find the token you wish to trade and press **View Token,** this will bring you to the tokens information and trading page. You can view the following: * Contract Hash * Market Trades * Price Chart * Social Links * Swap * Token Description
Trading is as simple as entering the amount you wish to buy or sell, you have the ability to trade in $CSPR or the coin selected when buying. Slippage is set by default to 5%, but can be adjusted by selecting **Set Slippage**
Once your trade has been initiated please allow up to 2 minutes for completion.\ Your balance will be reflected in the trade section of the token page once your transaction has finalised.
View trades that have occured on the market for the selected token.
# How to Create a Token ### **Key Information** * Creating a token costs around 370 $CSPR. * Trading tokens consumes around 10 $CSPR. * When your token reaches 2.5M CSPR Market Cap, it will be automatically launched on [Friendly.Market](https://friendly.market) DEX and you will receive 21k CSPR. * Triggering the token graduation (meaning buying a token and pushing its market cap above or equal to the graduation market cap) costs around 800 $CSPR. * Initial token price is 0.0009 $CSPR #### Token Creation To create a token in a matter of minutes on CSPR.fun the following boxes and selections must be filled out. You can create a token based on a bonding curve or by creating a liquidity pool pair. Please note liquidity pool tokens are not displayed on CSPR.fun but become available to trade directly on our DEX [Friendly.Market](https://friendly.market). {% hint style="info" %} Bonding Curve: a mathematical formula that determines the price of a token based on its supply. As more tokens are bought, the price increases; as tokens are sold, the price decreases. Liquidity Pool: A liquidity pool is a pool of two tokens (e.g., coin + CSPR) locked in a smart contract on a DEX (Friendly.Market) to facilitate trading. The price is determined by the ratio of the tokens in the pool. {% endhint %}
**Set your token to Standard or Tax** Standard: Cryptocurrency token with basic functionality for transfers, holding, and trading, without additional fees or mechanisms imposed on transactions beyond network gas fees. Tax: A token with a smart contract that automatically imposes a fee (or "tax") on every transaction, redistributing the fee to specific wallets, liquidity pools, or other purposes.
**Tax Settings** Enter the amount you will tax traders of your token and enter a valid Casper Network wallet address for the taxed amount to be sent to.
**Description and Social Links** Write a brief description and social links for potential holders to understand your coins purpose and connect with your project through various social media channels.
**Finalisation** Upon filling out all the required information and you are happy to proceed press **Next Step** to review a summary of your token. Bring your token to life by pressing **Create Token** and sign the transaction within your chosen wallet to process.
A transaction pending box will appear before eventually displaying a pop up box indicating your token has been created and is now open for trading!
To view your token on the homescreen change the filter selection to **Creation Time**, tokens are listed in order of highest market cap by default.
# What is a Bonding Curve 1. **Initial Setup:** * When a user creates a coin on cspr.fun, the token starts with a total supply of 1 billion tokens, of which 800 million are allocated to the bonding curve for trading. * The remaining 200 million tokens are reserved for purposes like liquidity provision when the token graduates to Friendly.Market DEX * The token’s price begins at a very low value (close to zero) to encourage early buyers. 2. **Bonding Curve Mechanism:** * The bonding curve is a mathematical formula that ties the token’s price to the number of tokens purchased. * As users buy tokens, the price increases along the curve. Conversely, when users sell tokens, the price decreases. For example: * If the first buyer purchases 1% of the supply, they pay a small amount (e.g., a fraction of a $CSPR). * As more tokens are bought, the price per token increases, so later buyers pay more for the same amount of tokens. * Selling works in reverse: selling tokens pushes the price down the curve, reducing the value per token. 3. **Key Features of the Bonding Curve:** * Continuous Pricing: The bonding curve provides a real-time, automated price based on supply and demand, eliminating the need for traditional order books until the token graduates to Friendly.Market. * Liquidity Provision: The $CSPR paid by buyers is stored in the bonding curve’s liquidity pool, which is used later when the token transitions to Friendly.Market. * Price Discovery: The curve helps establish the token’s market value organically, driven by community interest and speculation. 4. **Graduation to Friendly.Market:** * When the token’s market cap reaches 2.5M CSPR , the token graduates to Friendly.Market, a Casper-based DEX. * Once your token has graduated to Friendly.Market, you will receive a reward of 21,000 $CSPR * The CSPR raised from the bonding curve trading is paired with 200M of the token to create a liquidity pool on Friendly.Market. * The bonding curve is no longer used, and trading shifts to Friendly.Market’s automated market maker (AMM) model, where prices are determined by the liquidity pool’s ratio of tokens and $CSPR. 5. **Example of Bonding Curve in Action:** * A new token, “CASPERMOON,” is created on cspr.fun. * The first buyer spends 10 $CSPR to buy 10k tokens when the price is near zero. * As more users buy, the market cap grows, and the price per token rises along the bonding curve. For instance, after 100 million tokens are sold, the price might be 0.00001 $CSPR per token. * If a user sells 5 million tokens, the price dips slightly, as the curve adjusts downward. * Once the market cap hits 2.5M, CASPERMOON graduates to Friendly.Market, where $CSPR and a portion of tokens form a liquidity pool, and trading continues on the DEX. 6. **Fees and Costs:** * cspr.fun charges a 1% fee on buy and sell transactions on the bonding curve. * FM DEX charges additional fees. #### Why the Bonding Curve Matters * Incentives for Early Adopters: Early buyers get tokens at lower prices; * Fair Launch: The bonding curve ensures no presales or insider allocations, leveling the playing field (though “soft rug pulls” by creators buying and dumping remain a risk). * Automated Liquidity: The curve’s accumulated $CSPR ensures liquidity for trading on Friendly.Market, reducing the risk of illiquid markets post-graduation. #### Limitations and Risks * Volatility: The bonding curve’s price swings can lead to significant losses for late buyers or those who sell during a dip. * Rug Pulls: Creators can buy early, hype the token, and sell large amounts, crashing the price before graduation to Friendly.Market. * High Failure Rate: Many tokens may fail to reach the DEX stage if they don’t gain enough traction to hit the market cap threshold. * Speculative Nature: Coins are highly speculative, and the bonding curve amplifies this by tying prices to short-term demand rather than fundamental value. # Introduction Friendly Market is launching a **lending protocol** on the **Nibiru blockchain** that combines **native lending pools** with **cross-chain markets**. * **Native Pools** → For assets like **NIBI** directly on Nibiru. * **Cross-chain Lending** → Supply/borrow in **Compound on Ethereum and Base (other chains will be added in the future)** using **LayerZero + Stargate** bridging. * **Liquidity Hub** → Friendly Market is creating the environment that transforms Nibiru into a **cross-chain liquidity center**, where billions in TVL are accessible. **Why it matters:** * Users don’t need to leave their Nibiru wallet. * They can interact with both **local assets (NIBI)** and **external DeFi (Compound and more)**. * They get **better rates, incentives, and rewards** compared to isolated markets.
# 📘Markets Overview The **Markets page** shows you all available assets, their supply and borrow stats, and interest rates. #### Why it matters This is where you compare opportunities: * Which assets have high supply APY? * Which markets have borrowing demand? * Which pools offer **better rates or more rewards**? #### How to read it * **Total Supplied** = how much liquidity is in the pool. * **Total Borrowed** = how much has been taken out. * **Utilization** = % of supply currently borrowed. * **Supply APY** = interest suppliers earn. * **Borrow APY** = interest borrowers pay.
# 📘Supported Networks & Protocols #### What it is Friendly Market combines **local liquidity** on Nibiru with **external liquidity** from other blockchains.
#### Why it matters * You aren’t limited to Nibiru-only liquidity. * You can choose where your assets go: Nibiru-native pools or cross-chain Compound markets. #### How it works * **Native Pools** → Friendly Market’s pools on Nibiru. * **Compound on Ethereum** → accessed through Stargate bridge. * **Compound on Base** → accessed through Stargate bridge. * **Upcoming chains** → Polygon, Arbitrum, Optimism, BSC. # 📘Managing Your Position The **My Position panel** shows your personal activity in each market.
#### Why it matters This is your **control center** to track risk and rewards. You always know: * How much you’ve supplied. * How much you’ve borrowed. * How close you are to liquidation. #### Key metrics * **Your Supply** → deposits you’ve made. * **Your Borrow** → current loans. * **Net Position** → supply minus borrow. * **Collateral Value** → dollar value securing your loans. * **Supplied Assets** → list of tokens you have supplied to the market. Includes bot the base asset and collateral tokens. # 📘 How to Supply Assets Supplying assets on Friendly Market lets you earn yield and unlock collateral power in **two ways**: 1. **Native Lending (Pools on Nibiru)** * Assets like **NIBI** can be deposited into Nibiru’s own pools. * Interest (and rewards in the future) are earned directly on-chain. * Collateral is held on Nibiru. 2. **Cross-Chain Lending (Compound Pools on Ethereum & Base)** * Assets you supply are automatically **bridged via LayerZero + Stargate**. * Once bridged, they are supplied to **Compound V3** markets on Ethereum or Base on your behalf. You always keep ownership of the tokens. **Friendly Market does not hold your tokens**. * You don’t need to manually bridge or interact with Compound — it’s handled in the background. *** #### Why it matters * **Native pools** give you exposure to Nibiru-native assets. * **Cross-chain pools** unlock access to **billions in liquidity** on Ethereum and Base. * You can diversify and earn rewards from **multiple chains** while staying inside your Nibiru wallet. *** ### How to Supply 1. Navigate to the **Supply & Borrow** tab for your chosen asset. 2. Under **Asset Management**, select **Supply**. 3. Enter the amount you want to deposit. 4. Confirm the transaction: * If it’s a native **market**, your tokens stay on Nibiru. * If it’s a **Compound (cross-chain) market**, your tokens will be **bridged to Ethereum or Base** and deposited into Compound V3 on your behalf. (Estimated bridge time: 2–5 minutes). You always keep ownership of the tokens. **Friendly Market does not hold your tokens** 5. Once confirmed, your supply will appear in **My Position** and start earning interest.
*** ### Interest Rate Model (Right Panel) * **Total Supply** = all liquidity in the market. * **Total Borrow** = amount borrowed from this liquidity. * **Available Liquidity** = funds left to be borrowed. * **Interest Rate Chart**: * **Supply APR** = what you earn. * **Borrow APR** = what borrowers pay. * Rates increase as utilization rises.
*** ### Collateral Assets Table This section lists which assets can be used as collateral in both native and cross-chain markets. * **Asset**: Token supported (e.g., cbETH, WETH, cbBTC). * **Total Supplied**: Liquidity provided by users. * **Collateral Factor**: How much of the asset’s value counts as borrowing power. * **Liquidation Factor**: Safety threshold before liquidation can occur. * **Liquidation Penalty**: Extra cost applied to liquidated positions. * **Oracle Price**: Current market value, fetched from decentralized oracles.
*** ## ✅ Key Takeaway * There are **two types of lending**: * **Native** → stays on Nibiru. * **Compound (cross-chain)** → bridged automatically to Ethereum or Base. * Supplying earns yield **and** enables borrowing. * The collateral table explains how much you can safely borrow against your supply. # Borrowing Assets Borrowing allows you to **take out a loan** by locking your supplied tokens as collateral. You can borrow from: 1. **Native Pools (on Nibiru)** → Loans against Nibiru-native collateral like NIBI. 2. **Cross-Chain Compound Pools** → Loans from Compound on Ethereum and Base, using LayerZero + Stargate to bridge collateral automatically. #### Why it matters * Access liquidity **without selling** your tokens. * Use leverage to increase your positions. * Borrow stablecoins (e.g., USDC) or ETH to diversify your portfolio. * Stay on Nibiru while interacting with Ethereum/Base markets. *** ### How to Borrow 1. Go to the **Supply & Borrow** tab. 2. Click **Borrow** under Asset Management. 3. Choose the asset you want to borrow. 4. Select which collateral to use (e.g., WETH). 5. Enter the **amount to borrow** (limited by your borrow capacity). 6. Confirm the transaction: * **Native pool** → loan issued directly on Nibiru. * **Cross-chain Compound pool** → your collateral is bridged to Base/Ethereum, loan is issued there and your borrowed tokens are bridged over to Nibiru and sent to your wallet. 7. Your borrowed balance will appear in **My Position**.
*** ### Borrow Panel (Left Side) * **Collateral Value** → Value of your supplied assets available as collateral. * **Current Borrowed** → How much you’ve already borrowed. * **Borrow Capacity** → Maximum amount you can borrow based on your collateral factor. * **Available to Borrow** → Remaining borrowable balance.
*** ### Cross-Chain Collateral Supply If you’re borrowing from **Compound on Base/Ethereum**, your collateral will be **bridged automatically** from Nibiru to Compound. This process takes **2–5 minutes**. * Example: Supply WETH on Nibiru → It gets bridged and posted as collateral on Compound Base → You can borrow USDC or ETH.
*** ### Interest Rate Model & Utilization (Right Panel) * **Total Supply** = liquidity available. * **Total Borrow** = amount currently borrowed. * **Available Liquidity** = borrowable funds still left. * **Interest Rate Chart** = * Borrow APR = cost for borrowers. * Supply APR = earnings for suppliers. * **Utilization** = percentage of liquidity borrowed. * High utilization = higher borrow rates. * Low utilization = cheaper borrowing.
*** ## ✅ Key Takeaway * Borrowing lets you access liquidity without selling your collateral. * You can borrow **natively on Nibiru** or **cross-chain via Compound**. * Always watch your **borrow limit** and **collateral factor** — if your collateral value falls, you risk liquidation. # Asset Management Actions (Repay & Withdraw) Once you’ve supplied or borrowed assets, you can **manage your open positions** using the **Repay** and **Withdraw** functions. * **Repay** → pay back borrowed assets to reduce or close your debt. * **Withdraw** → take out your supplied assets when you no longer want them earning yield or being used as collateral. #### Why it matters * Repaying protects you from liquidation risk if markets move against your collateral. * Withdrawing lets you unlock funds you previously deposited. * Managing positions is key to keeping your account healthy and flexible. *** ### Repay #### How to use it 1. Open **Supply & Borrow** tab. 2. Under **Manage Liquidity**, select **Repay**. 3. Enter the amount you want to repay (or click **MAX** to repay all). 4. Confirm transaction: * **Native markets** → repayment happens directly on Nibiru. * **Cross-chain Compound markets** → assets are bridged and repaid into Compound automatically (\~2–5 minutes). 5. Your outstanding debt decreases in **My Position**.
*** ### Withdraw #### How to use it 1. Open **Supply & Borrow** tab. 2. Under **Manage Liquidity**, select **Withdraw**. 3. Choose the token you want to withdraw. 4. Enter the amount (up to your available supply). 5. Confirm transaction: * If the asset is still acting as collateral, ensure you maintain safe collateralization levels after withdrawing. * Withdrawing too much collateral can trigger liquidation risk if you still have active borrows. 6. Tokens will appear back in your connected wallet.
*** ### Key Risks & Safeguards * **Repaying early** → reduces interest costs and improves account health. * **Partial withdrawals** → safe as long as borrow capacity remains above requirements. * **Over-withdrawal** → may lower your collateral below the liquidation factor, leading to liquidation. * **Cross-chain repayments/withdrawals** → require bridge time (2–5 minutes). *** ## ✅ Key Takeaway * **Repay** to reduce or close your borrowing obligations. * **Withdraw** to reclaim your supplied collateral. * Always track your **borrow capacity** and **collateral factor** before withdrawing to avoid liquidation risk. # Rewards & Incentives Friendly Market gives users the ability to earn **triple rewards** when supplying assets into cross-chain markets. These rewards combine: 1. **Compound Rewards** → earned directly from Compound V3 when supplying or borrowing. 2. **REI Rewards** → FriendlyMarket’s ecosystem token incentives. 3. **NIBI Rewards** → native rewards from the Nibiru chain. #### Why it matters * By combining rewards across protocols and chains, you earn **significantly higher yields** than using Compound or Nibiru alone. * Rewards incentivize both lending and borrowing, increasing liquidity and adoption. * You don’t need to manually claim rewards across different chains — everything is streamlined in FriendlyMarket. *** ### How to Earn Rewards 1. **Supply to a Cross-Chain Market** * Deposit assets (e.g., USDC, ETH) into Compound on Ethereum or Base via FriendlyMarket. * Earn base Compound rewards + REI + NIBI. 2. **Borrow from a Cross-Chain Market** * Borrow assets from Compound pools. * Borrowers are also eligible for rewards (depending on the market). 3. **Native Comet Markets** * Supplying NIBI or other native assets into Comet pools earns **NIBI + REI rewards**, but no Compound rewards since it’s local to Nibiru. *** ### Rewards Distribution * **Compound Rewards** → accrued in the Compound protocol and synced to your position. * **REI + NIBI Rewards** → distributed directly by FriendlyMarket. * Rewards are shown in your **dashboard/My Position** and can be claimed periodically. *** ### Key Notes for Users * Cross-chain = **Triple Rewards (Compound + REI + NIBI)**. * Native = **Double Rewards (REI + NIBI)**. * Rewards boost both **supply APY** and **borrow APY**, making borrowing potentially **net positive** in some markets. * Claiming rewards may require a transaction on Nibiru (gas fees apply). *** ## ✅ Key Takeaway * **Cross-chain markets give you the best yields** by combining Compound, REI, and NIBI rewards. * **Native Comet pools still reward you with REI + NIBI**, but without Compound’s incentives. * Rewards are automatically accrued — you just need to claim them when you’re ready. # FAQ ### **How long does bridging take?** **2–5 minutes on average.**\ Bridging typically takes between 2 to 5 minutes depending on network congestion and the chains involved. Transactions are routed through **Stargate** and secured via **LayerZero**, ensuring fast and secure finality across chains. ### **What happens if my collateral value drops?** **You risk liquidation.**\ If the value of your collateral falls below the required minimum collateralization ratio, your position can be **liquidated automatically**. This means your collateral may be sold to repay your debt. Always monitor your **Health Factor** and consider setting up **alerts**. #### **Do I need gas tokens?** **Yes — gas tokens are always required.** * **NIBI** is **always required** for any transaction, whether it's on Nibiru or cross-chain. It covers gas fees on the Nibiru chain. * **WETH (Wrapped ETH)** is additionally required **for cross-chain transactions where tokens will be received on Nibiru**. This applies to: * **Borrowing** from another chain with collateral on Nibiru * **Withdrawing collateral** cross-chain to Nibiru ### **How is collateral bridged?** **Via Stargate + LayerZero.**\ Collateral is transferred cross-chain using **Stargate’s liquidity protocol**, with messaging and transaction validation handled by **LayerZero**. # Get Testnet CSPR Since Friendly Market is based on the Casper blockchain, you will need its native token CSPR in your wallet to pay the network fees on each transaction. You can claim testnet CSPR from Faucet. To request testnet tokens you must first set your [cspr.live](https://cspr.live/) wallet to testnet. Connect to testnet by selecting the drop-down menu from the top righthand side of the homepage. ![](https://1643455207-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlAn5TL9-pSJxG2MRaf%2Fuploads%2FmbxxMlYqfj99C7F7HZCW%2Fimage.png?alt=media\&token=e346b04f-c5d6-4a9d-88bb-cebb6dd77d48) Once this is done, navigate to **tools** and select **faucet**. Complete the captcha and select **request tokens.** You should now be able to see 1000 CSPR testnet tokens in your wallet on cspr.live. {% hint style="warning" %} You are only able to claim 1000 CSPR testnet tokens per account. {% endhint %} # REI Token Learn more about the Friendly Market token. The native digital cryptographically-secured fungible token of Friendly Markets (ticker symbol REI) is a transferable representation of utility functions and potential attributed governance to be specified in the protocol/code of Friendly Markets, and is designed to be used solely as an interoperable utility token on the platform. REI is a non-refundable functional utility token which will be used as the medium of exchange between participants on Friendly Markets’ DEX and NFT Marketplace in a decentralised manner. The goal of introducing REI is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on REI, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. REI does not in any way represent any shareholding, participation, right, title, or interest in the company, any distributor or vendor of REI Tokens (“**Distributor**”), their respective affiliates, or any other company, enterprise or undertaking, nor will REI entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the United States or any relevant jurisdiction. REI may only be utilised on the Friendly Markets network, and ownership of REI carries no rights, express or implied, other than the right to use REI as a means to enable usage of and interaction within the Friendly Markets network. In particular, Friendly Markets’ native token REI has the following use cases: ### DEX * The Friendly Market DEX allows users to swap cryptocurrencies on the Casper Network. * In order for the protocol to perform its core function, users would need to be encouraged to provide liquidity to the Friendly Market DEX. As compensation for providing liquidity, REI rewards will be distributed to liquidity providers that stake their LP tokens. ### **NFT Marketplace** * The Friendly Markets NFT Marketplace makes it possible for users to explore, mint, buy and sell NFTs on the Casper Network. * If you use our platform, you may be charged a small service fee when the NFT is sold to subsequent third party buyers. #### **Token Utility of REI** * One of the primary utilities of the REI token is its access to the Friendly Markets NFT marketplace where users can enjoy discounted fees when they choose to sell their NFTs in REI when compared to any other token. * Furthermore, there may be exclusive NFT drops in which only REI tokens can be used to purchase such exclusive NFTs. ### **Governance** In the future, when the protocol has matured enough, there may be plans to introduce decentralized governance of the protocol. * The first phase of governance will be a mix between a centralized solution and blockchain voting. * There will be a centralized app, where users can sign with their wallet and cast a vote. The votes will be saved in the database of the application. * We will slowly convert this to a decentralized application with on-chain voting. The reason behind releasing a semi-decentralized solution first, is because we want to capture community engagement as soon as possible. * The application will be open to other Casper Network projects that are able to create their own environment there. In summary, REI would allow holders to extract the most value from the Friendly Market protocol in its initial stages with reduced fees, early access and various additional benefits. In the future, there may be plans to use REI in a governance setting which would allow holders to propose and vote on on-chain governance proposals to determine future features and/or parameters of the Friendly Markets platform, with voting weight calculated in proportion to the REI tokens staked (the right to vote is restricted solely to voting on features of the Friendly Markets platform; it does not entitle REI holders to vote on the operation and management of the company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, does not constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership). It is the community members which would maintain and drive development of the Friendly Markets platform, so REI incentives would need to be distributed to compensate such community members for their time, expertise and effort. # REI Token Distribution The total supply of $REI is **200,000,000 tokens**. The distribution will be as follows: * Seed Round: 1.375% * Private Sale: 4.63% * Public Sale: 1.5% * Treasury: 10% * Team: 20% * Advisors: 2% * Rewards & Incentives: 57.495% * Liquidity: 2% * Airdrop: 1%