How to use Overtime
Overtime was made to bring the fun of sports to the blockchain, and part of that is providing a great market interface. The simple, well thought out dapp is easy to navigate and easy to use. Follow the steps below to get the full Overtime experience or view the embedded video tutorial.
From the home page, you can begin by connecting your wallet. To connect your wallet, click on "Connect Wallet" and select your wallet provider. Select the address you'd like to connect and accept the prompt allowing the protocol to see your address, account balance, activity and prompt transaction approvals.
You can select a language by clicking on the menu icon and then the flag icon, providing you options to select either English, Chinese, French, German, Spanish or Thai.
If you don't have sUSD in your wallet, you can swap ETH, DAI, USDC, or USDT for sUSD directly in the dapp by clicking on the "Get sUSD" button. You can swap your choice of the four by clicking on the arrow in the "from" box. You will need to confirm the transaction and then complete the swap using your connect wallet.
Now you can begin finding the game you want to participate in. You can click on the date to open a calendar where you can view available markets for each day. You can also select the 3hr, 12hr, 3 days filters. You can also search for an individual game in the search bar, or you can use the Sports filters on the left side of the screen. There is also the ability to sort by status (All, Pending, Finished or Paused / Cancelled).
Traders can filter markets by individual leagues by selecting a sport, which displays available leagues.
Once you've found a market and want to purchase positional tokens, you can either select your position directly from the home screen, or you can view the individual markets page. To select a position from the home page, simply click on the position number to add it to your orders.
To view an individual market's page, click on the link icon:
From here you can view more information for the market, including liquidity for each position and a list of recent transactions for that market, included at the bottom of the page.
You'll want to understand how pricing works for each position (see Position Pricing), as prices will change when odds are updated. Traders can and sell positional tokens back to the AMM before positioning ends for that market.
From an individual market's page, you can review the price, liquidity, skew, and potential profit for a position and amount. Each position (HOME, DRAW, or AWAY) displays the price a trader would have to pay for the change to redeem 1 sUSD (or DAI, USDC, or USDT) if they are correct.
For example in the image below, I've entered 100 sUSD in the "Amount to buy" field for QATAR (HOME) to win at a cost of $0.30 per 1 sUSD profit. I would receive 335.26 HOME tokens for this market. If QATAR wins, I can return and exchange that 335.26 HOME positional tokens for 335.26 sUSD. That's a potential profit of $235.26 (which comes to 235.28%). If they lose, my tokens are worthless.
Traders will also want to pay attention the Liquidity for each market (see the Market Liquidity page). Traders can only purchase positional tokens up to the amount within a positions listed liquidity; once it reaches 0 that position will no longer be available to trade.
Finally, consider the "Skew". Skew is the amount of additional fee applied to positions that are currently providing the most risk to the AMM. The AMM encourages traders to avoid this skew fee by purchasing positions that go against the majority of traders. For example, the odds for the market included in the image above are currently in the favor of ATLANTA UNITED FC winning the match, so to purchase a position for ATLANTA UNITED FC to win, a trader must pay a bit more (0.16%). This amount will change as more positional tokens are purchased from the AMM.
Once you've decided on a position and size, you're ready to purchase positional tokens. Make sure the "BUY" radio button is selected. You can choose the collateral type in the upper right corner by clicking on its icon. Your connected wallet's balance for each collateral type will be displayed next to the logo.
Select a position (HOME, DRAW, or AWAY ) and enter the amount of collateral you'd like to spend, and the number of positional tokens you'll receive is listed under "Amount to Buy:".
Once you've selected your position and entered the amount you'd like to buy, click the "APPROVE" button to initiate the approval transaction. Using your wallet provider, approve the transaction so Overtime protocol and exchange your tokens. Once that transaction is approved, complete the execution transaction to complete the swap.
Traders can sell their positional tokens back to the AMM up until positioning ends (Parlays can not be sold back to AMM, only individual market positions).
To purchase a Parlay, select multiple positions from different markets on the home page. See Parlays for more information and guidelines.
Once you've created your Parlay you can purchase the position from the home page by selecting a collateral, entering the amount you want to spend, and completing the transaction.
If you hold a position in a market on the Home screen, your position will be highlighted.
To view all your positions, click on "Profile" from the home page, or use the menu and select "Profile". Now you can view any Open/Claimable positions, as well as your transaction history (sorted by Single Games or Parlay Games).
You can also view your total number of trades, your total volume and your PnL.
If a market is cancelled, Traders holding positional tokens for that market can return to that market's page and redeem their tokens for the current value of the position.
You can use the "Claimable" filter on the right side of the home page to show markets you can claim winnings for.
A winning market will include a "Claim" button so you can claim directly from the home page, as well as the amount you've earned. You can click the "Claim" button and complete the transaction and your winnings will be deposited into your wallet.
Winnings not claimed within 30 days of a market being resolved are forfeited.
You can also claim winnings from the market page. There will be a "Claim" button underneath the amount you've won