Colocación y pedido de fórmulas
Para crear una «nueva orden» o hacer coincidir una «orden real», primero debe completar los filtros con los parámetros de la operación que desea realizar. Una vez que su pedido esté listo para ser realizado, puede elegir entre simular su operación o hacerlo de forma real.
Para realizar una transacción real, debe tener una billetera conectada al DEX y financiada con USDC para operar y MATIC para pagar las tarifas de gas.
Todas las transacciones se liquidan utilizando Kilowattshour como cantidad unitaria:
1 Megawatt = 1,000 Kilowatts = 1,000,000 Watts
Units of electricity measurement: small, medium, and large, respectively.
Las fórmulas para realizar una operación con la que se realiza la liquidación se describen a continuación.
Futuros
Es la obligación entre dos partes de intercambiar los flujos de efectivo pactados sobre el precio fijo. No se realiza ninguna entrega física de la electricidad subyacente, solo se liquida en el USDC cuando el operador publica los precios.
| Sell (Offer) price |
(Maximum Loss - Working Capital) + Fees |
| Buy (Bid) price |
Maximum Loss + Fees |
| Sell (Offer) price |
When a trader submits an offer to sell electricity on Watt2Trade, they express their willingness to provide a specific quantity of energy at a specified price, committing to fulfilling this obligation upon market price clearance.
|
| Buy (Bid) price |
When a trader places a bid to purchase electricity on Watt2Trade, they commit to acquiring a specific quantity of energy at an agreed-upon price, binding themselves to fulfill this obligation.
|
Opciones
Es un acuerdo entre dos partes que otorga la comprador de la opción, el derecho a comprar o vender a un precio específico en una fecha futura específica. Cuando se ejerce la opción, el vendedor de la opción debe entregar el contrato al precio de ejercicio. La siguiente fórmula explica el capital circulante de cada parte de un «contrato de opción inteligente»
|
CALL |
PUT |
| Sell |
Maximum Loss + Fees |
Maximum Loss + Fees |
| Buy |
Maximum Loss + Fees |
Maximum Loss + Fees |
Pérdida máxima
Se mide con el límite máximo o mínimo neto con la oferta y la oferta de futuros o el precio de ejercicio y el prime de una opción multiplicado por el kWh.
| FUTURE MAXIMUM LOSS |
| Sell |
(Cap Price × Quantity KWh) |
| Buy |
(Floor Price × -1) × Quantity KWh |
| Cap Price |
The maximum price at which a market price may clear. This is defined by the governance of Wattoin for each market and marks the amount of guarantees the seller needs to deposit.
|
| Floor Price |
The minimum price at which a market price may clear. This is defined by the governance of Wattoin for each market and marks the amount of guarantees the buyer needs to deposit.
|
|
CALL |
PUT |
| Sell |
[(Cap Price - Strike Price - Prime) * Quantity KWh] |
[(Strike Price + (Floor Price × -1) - Prime) * Quantity KWh] |
| Buy |
Prime * Quantity KWh |
Prime * Quantity KWh |
| Cap Price |
The maximum price at which a market price may clear, defined by the governance of the Wattoin for each market, marking the amount of guarantees the seller needs to deposit. |
| Floor Price |
The minimum price at which a market price may clear, defined by the governance of the Wattoin for each market, marking the amount of guarantees the buyer needs to deposit. This is normally a negative price based on the physical market floor price. |
| Strike Price |
The "Strike Price" at which players can participate in the market by executing an option contract. |
| Prime |
The fee that the buyer must pay to the seller in order to guarantee the transaction. |
Capital circulante
Es el resultado de multiplicar el precio de la oferta o la oferta por la cantidad de kWh para un futuro.
Para una opción es el precio de ejercicio o el precio preferencial (según si se compra o se vende) multiplicado por la cantidad de kWh. El resultado de las siguientes fórmulas se considera el capital circulante de cada parte.
| Sell (Offer) price |
Is the price you will get paid for selling the electricity to the buyer at the specified price. Once the market prices are cleared by the market operator, you will be paid the value of the local marginal price. |
| Buy (Bid) price |
Is the price at which you must pay for the energy to the seller at the specified price. Once the market prices are cleared by the market operator, you will be paid the value of the local marginal price. |
| OPTIONS WORKING CAPITAL |
| Sell |
Strike Price * Quantity KWh |
| Buy |
Prime * Quantity KWh |
| Strike Price |
The "Strike Price" is the price at which the players can participate in the market by executing an option contract. |
| Prime |
Is the fee that the buyer must pay to the seller in order to guarantee the transaction. |
Liquidación de pedidos
Tras depositar la pérdida máxima y el capital circulante, una vez que el operador publique el precio de mercado, cada una de las partes se liquidará y recibirá el equivalente al depositado, menor o mayor, de acuerdo con las siguientes fórmulas:
| FUTURES SETTLEMENT |
| Sell |
Maximum Loss + [Working Capital – (Market Price * KWh)] |
| Buy |
Maximum Loss + [Working Capital + (Market Price * KWh)] |
| Sell |
After the market prices are cleared, the buyer pays the seller the agreed-upon price for the acquired electricity. The seller receives payment equivalent to the value of the Local Marginal Price (LMP) from the market operator. |
| Buy |
Upon market price clearance, the buyer pays the seller the agreed-upon price for the purchased electricity. The buyer receives payment equivalent to the value of the Local Marginal Price (LMP) from the market operator. |
| Term |
Definition |
| Future |
The obligation between two parties to exchange cash flows agreed on the fixed price. No physical delivery of the underlying electricity takes place, only USDC settlement when the operator publishes the prices. |
| Offer Price |
The price you will get paid for selling electricity to the buyer at the specified price. Once the market prices are cleared by the operator, you will be paid the value of the local marginal price. |
| Bid Price |
If you bid (purchase), you must pay the energy to the seller at the specified price. Once market prices are cleared by the market operator, you will be paid the value of the local marginal price. |
| Option |
An agreement between two parties that gives the buyer the right to buy or sell at a specified price on a specific future date. When exercised, the seller must deliver the contract at the strike price. |
| Call Option |
A call or cap gives the buyer price protection against the market moving above the strike price, in exchange for the premium or fee. |
| Put Option |
A put or floor gives the buyer protection against the market price moving below the strike price, in exchange for the premium or fee. |
| Strike Price |
The price at which players can participate in the market by executing an option contract. |
| Prime |
The fee that the buyer must pay to the seller to guarantee the transaction. |
| Work Capital |
The result of multiplying the bid or offer price by the quantity of KW; for an option, the strike or prime price multiplied by the quantity of KW. |
| Guarantee |
The relationship between maximum losses netted with income and expenses, multiplied by the amount of KWh. |
| Maximum Loss |
Measured with the cap or floor netted with the bid and offer for futures, or strike price and prime for an option, multiplied by the KWh. |
| Cap Price |
The maximum price at which a market price may clear, defined by the governance of Wattoin for each market; it marks the amount of guarantees the seller needs to deposit. |
| Floor Price |
The minimum price at which a market price may clear, defined by the governance of Wattoin for each market; it marks the amount of guarantees the buyer needs to deposit. |
| Market Price |
The clearing prices resulting from the publication of the market operator. |
| On-Peak |
Hours from HE 7 to HE 22. |
| Off-Peak |
Hours from HE 1 to HE 6 and HE 23 to HE 24. |
| 24/7 |
All 24 hours from HE 1 to HE 24. |
|
CALL
If Market Price < Strike Price |
PUT
If Market Price > Strike Price |
| Sell |
Maximum Loss + Buyer’s Working Capital |
Maximum Loss + Buyer’s Working Capital |
| Buy |
N/A |
N/A |
*N/A = Does not apply
| Strike Price |
The "Strike Price" is the price at which players can participate in the market by executing an option contract. |
| Buyer Working Capital |
Is the fee paid by the buyer to the seller to secure the option position. |
Los contratos inteligentes de Watt2Trade garantizan una compensación justa, liquidez y contribuyen al funcionamiento equitativo de las transacciones de electricidad para ambas partes.
Precios durante las horas punta, fuera de las horas pico y las 24 horas
El precio al que los jugadores podrán realizar nuevos pedidos o igualar los pedidos en vivo se divide en tres opciones diferentes.
Un día se compone de 24 horas, los usuarios tendrán tres canales en los que realizarán sus ofertas y, a su vez, se liquidará el precio de mercado.
Watt2Trade utiliza la finalización de hora (HE) para liquidar sus transacciones; por lo general, HE se indica con la finalización de una hora en el reloj. En el sector de la electricidad, el término «finalización de hora» se usa comúnmente para especificar la finalización de un período de una hora
| 24/7 |
| OFF PEAK |
ON PEAK |
|
| 1 | 2 | 3 | 4 | 5 | 6 |
7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |
23 | 24 |
Glosario de contratos inteligentes
| Term |
Definition |
| Future |
The obligation between two parties to exchange cash flows agreed on the fixed price. No physical delivery of the underlying electricity takes place, only USDC settlement when the operator publishes the prices. |
| Offer Price |
The price you will get paid for selling electricity to the buyer at the specified price. Once the market prices are cleared by the operator, you will be paid the value of the local marginal price. |
| Bid Price |
If you bid (purchase), you must pay the energy to the seller at the specified price. Once market prices are cleared by the market operator, you will be paid the value of the local marginal price. |
| Option |
An agreement between two parties that gives the buyer the right to buy or sell at a specified price on a specific future date. When exercised, the seller must deliver the contract at the strike price. |
| Call Option |
A call or cap gives the buyer price protection against the market moving above the strike price, in exchange for the premium or fee. |
| Put Option |
A put or floor gives the buyer protection against the market price moving below the strike price, in exchange for the premium or fee. |
| Strike Price |
The price at which players can participate in the market by executing an option contract. |
| Prime |
The fee that the buyer must pay to the seller to guarantee the transaction. |
| Work Capital |
The result of multiplying the bid or offer price by the quantity of KW; for an option, the strike or prime price multiplied by the quantity of KW. |
| Guarantee |
The relationship between maximum losses netted with income and expenses, multiplied by the amount of KWh. |
| Maximum Loss |
Measured with the cap or floor netted with the bid and offer for futures, or strike price and prime for an option, multiplied by the KWh. |
| Cap Price |
The maximum price at which a market price may clear, defined by the governance of Wattoin for each market; it marks the amount of guarantees the seller needs to deposit. |
| Floor Price |
The minimum price at which a market price may clear, defined by the governance of Wattoin for each market; it marks the amount of guarantees the buyer needs to deposit. |
| Market Price |
The clearing prices resulting from the publication of the market operator. |
| On-Peak |
Hours from HE 7 to HE 22. |
| Off-Peak |
Hours from HE 1 to HE 6 and HE 23 to HE 24. |
| 24/7 |
All 24 hours from HE 1 to HE 24. |
