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updates faq #435

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Oct 16, 2023
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updates faq #435

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124 changes: 95 additions & 29 deletions apps/hyperdrive-trading/src/ui/onboarding/FAQ/FAQ.tsx
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Expand Up @@ -8,45 +8,111 @@ export function FAQ(): ReactElement {
<span className="pb-2 text-h5 font-thin">FAQ</span>
</div>
<Disclosure
title={<span className="text-h6">What is a long?</span>}
title={<span className="text-h6">How can I get fixed rates?</span>}
description={
<p className="">
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do
eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim
ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut
aliquip ex ea commodo consequat. Duis aute irure dolor in
reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla
pariatur. Excepteur sint occaecat cupidatat non proident, sunt in
culpa qui officia deserunt mollit anim id est laborum.
</p>
<span>
By opening a Long and holding it to maturity. Opening a long
position in Hyperdrive implies purchasing Longs at a discount. These
tokens are redeemable for their full face value at maturity. The
market price you pay and the Long&rsquo;s value at maturity are
known upfront, which results in a fixed rate of return. Opening
Longs has an immediate impact on the market. The Longs&rsquo; market
price increases, which means the fixed rate decreases. Conversely,
closing Longs has the immediate impact of decreasing the market
price and increasing the fixed rate. Users can also take speculative
long positions. Read our docs to learn more about{" "}
<a
className="underline"
href="https://www.notion.so/Position-Types-249d2fc0f16847c283b6f4df00df9bd5?pvs=21"
>
Hyperdrive&rsquo;s Position Types
</a>
</span>
}
/>
<Disclosure
title={<span className="text-h6">What is a short?</span>}
description={
<p className="">
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do
eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim
ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut
aliquip ex ea commodo consequat. Duis aute irure dolor in
reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla
pariatur. Excepteur sint occaecat cupidatat non proident, sunt in
culpa qui officia deserunt mollit anim id est laborum.
</p>
<span>
Simply put, a short is the opposite of a long. Opening a short
implies purchasing Short tokens at their market price which is the
same as the Long token&rsquo;s discount (i.e., the fixed rate
applied to the position size). Shorts accrue variable interest (APY)
on the full size of the position being shorted. Opening a Short
causes the market price of Shorts to increase (which also means the
market price of Longs decreases), while closing shorts has the
inverse effect. Users can take speculative short positions or use
Shorts for hedging other investments. Read our docs to learn more
about{" "}
<a
className="underline"
href="https://www.notion.so/Position-Types-249d2fc0f16847c283b6f4df00df9bd5?pvs=21"
>
Hyperdrive&rsquo;s Position Types
</a>
.
</span>
}
/>
<Disclosure
title={<span className="text-h6">How does LPing work?</span>}
title={
<span className="text-h6">
What are the benefits of providing liquidity?
</span>
}
description={
<span>
Liquidity providers (LPs) take potential revenue from 3 different
sources: <br /> - Trading fees from Longs and Shorts being opened
and closed by traders. <br /> - Variable rate on their idle capital
being deployed to the underlying yield source. <br /> - Profit (or
loss) resulting from taking the other side of traders’ positions.
Furthermore, LP capital isn&rsquo;t tied to a specific maturity
date, so these benefits remain until the funds are withdrawn by the
LP. <br /> Learn more about{" "}
<a
className="underline"
href="https://www.notion.so/LP-Profitability-0acf6928b88c4a33875221aa15ca62d2?pvs=21"
>
LP Profitability
</a>
</span>
}
/>
<Disclosure
title={
<span className="text-h6">
Can I close my position before maturity?
</span>
}
description={
<p className="">
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do
eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim
ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut
aliquip ex ea commodo consequat. Duis aute irure dolor in
reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla
pariatur. Excepteur sint occaecat cupidatat non proident, sunt in
culpa qui officia deserunt mollit anim id est laborum.
</p>
<span>
Yes, Longs and Shorts can be closed at any time (except in rare
cases, learn more in the{" "}
<a
href="https://www.notion.so/11eefd1e09974551949803e16fe48afa?pvs=21"
className="underline"
>
docs
</a>
). However, closing these positions before maturity implies selling
them to the AMM at the current market price. In other words,
positions that are closed early won&rsquo;t get the initially
expected rate of return, since their exit value depends on market
activity. Liquidity Provider (LP) positions don&rsquo;t have a
maturity date, so LP funds can be withdrawn at any time as long as
they&rsquo;re not currently backing other long or short positions;
if they are, LPs will receive Withdrawal Shares that represent
pending withdrawals that still share the same benefits of regular LP
capital. Learn more in the{" "}
<a
href="https://www.notion.so/9d3d21330909494d83608eddf7d518c5?pvs=21"
className="underline"
>
LP Shares
</a>{" "}
section of our docs.
</span>
}
/>
</div>
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