Where is the OuYi contract delegation function?

Key Points:

• Overview of the OuYi Contract Delegation Function
• Step-by-Step Guide to Delegating Contracts on OuYi
• Benefits of Delegating Contracts on OuYi
• Risks and Considerations When Delegating Contracts
• Frequently Asked Questions about Contract Delegation on OuYi

Where is the OuYi Contract Delegation Function?

The OuYi contract delegation function can be found within the OuYi Exchange platform. To access this function, follow these steps:

1. Log in to your OuYi account.
2. Click on "Contracts" from the top menu.
3. Click on the "Delegation" tab.
4. You will now be presented with the Contract Delegation interface, where you can view, create, and manage your delegated contracts.

Step-by-Step Guide to Delegating Contracts on OuYi:

1. Select a Contract:
   • Choose the contract you wish to delegate from the available options.
   • Contracts can be filtered by market and expiration date.
2. Specify Delegation Details:
   • Set the delegation ratio, which determines the percentage of your contract's profits that will be shared with the delegate.
   • Set a delegation period, which determines the duration of the delegation.
   • Write a personal description or message to potential delegates.
3. Find a Delegate:
   • Explore the delegate leaderboard to identify potential delegates based on their performance, commission, and risk tolerance.
   • Contact and interview potential delegates through the in-app messaging system.
4. Create the Delegation:
   • After finalizing the delegation details and selecting a delegate, click the "Create Delegation" button.
   • Confirm the delegation and wait for it to be accepted by the delegate.

Benefits of Delegating Contracts on OuYi:

• Passive Income Generation:
  • Delegating contracts allows you to earn passive income from your idle positions.
  • You can set the delegation ratio to receive a portion of the profits generated by the delegate's trading activities.
• Professional Trading Expertise:
  • By delegating to experienced traders, you can benefit from their proven track record, risk management strategies, and market knowledge.
  • Delegates can optimize your contract positions, manage risk, and execute profitable trades.
• Time Savings:
  • Contract delegation frees up your time, eliminating the need for active trading.
  • You can delegate your contracts and focus on other aspects of your financial portfolio or personal life.
• Automation and Convenience:
  • The OuYi delegation platform automates the delegation process, making it easy to find and connect with delegates.
  • You can manage your delegations conveniently through the OuYi app or website.

Risks and Considerations When Delegating Contracts:

• Loss of Profits:
  • While contract delegation can generate passive income, it also introduces the risk of potential losses.
  • The delegate's trading strategies may not align with your risk tolerance or investment objectives.
• Delegate's Stability and Reliability:
  • It's crucial to conduct thorough research and due diligence before selecting a delegate.
  • Consider the delegate's trading history, reputation, and the rigidity of their risk management protocols.
• Loss of Control:
  • By delegating contracts, you surrender some control over your trading decisions.
  • The delegate will have the authority to execute trades on your behalf, though you can set parameters to limit their trading activities.
• Fees and Commissions:
  • Delegates may charge a commission or performance fee for their services.
  • Research and compare different delegates before making a decision based on their commission and profit-sharing ratios.
• Technical and Security Risks:
  • Contract delegation platforms are susceptible to technical errors and security vulnerabilities.
  • It's essential to ensure that your OuYi account is securely protected and that you use robust password and authentication measures.

FAQs about Contract Delegation on OuYi:

• What is the minimum delegation ratio on OuYi?
  • There is no minimum delegation ratio on OuYi. You can set any percentage of your contract's profits to be shared with the delegate.
• Is it possible to delegate a contract to multiple delegates?
  • No, you can only delegate a contract to one delegate at a time.
• How often are delegated profits distributed?
  • Delegated profits are distributed daily on OuYi.
• Can I edit or modify a created delegation?
  • Yes, you can edit or modify a created delegation before it is accepted by a delegate. Once accepted, the delegation cannot be modified.
• What should I do if I have any issues with my delegated contract?
  • Contact OuYi customer support for assistance with any technical issues or disputes with your delegate.