Trading

Learn how to trade tokenized stocks on Noreva.

Understanding Spreads

The spread is the difference between the tokenized stock price and the underlying stock price:

• Positive spread (Premium) - Token trades above stock price
• Negative spread (Discount) - Token trades below stock price

Spread = ((Token Price - Stock Price) / Stock Price) × 100%

Example

If bAAPL trades at $182.50 and AAPL stock is at $180.00:

Spread = ((182.50 - 180.00) / 180.00) × 100% = +1.39% premium

Trading via Jupiter

Noreva uses Jupiter (opens in a new tab) - Solana's leading DEX aggregator - for all swaps. This ensures:

• Best prices across all Solana DEXs
• Low slippage through smart routing
• Fast execution on Solana's high-speed network

Slippage Settings

Default slippage is set to 0.5%. For volatile markets or large trades, you may need to increase this.

⚠️ Warning: Higher slippage increases the chance of your trade executing but may result in a worse price.

Buy vs Sell

Buying Tokenized Stocks

1. Select a stock from the list
2. Click Buy tab
3. Choose payment: USDC or SOL
4. Enter amount in USD
5. Review the quote showing tokens you'll receive
6. Click Swap and confirm in wallet

Selling Tokenized Stocks

1. Select a stock you own
2. Click Sell tab
3. Choose what to receive: USDC or SOL
4. Enter token amount to sell
5. Review the quote showing USD you'll receive
6. Click Swap and confirm in wallet

Trading Tips

1. Check the spread - Look for tokens trading at a discount for potential value
2. Consider timing - Spreads often widen after market close
3. Start small - Test with small amounts before large trades
4. Monitor gas - Solana fees are low but check during network congestion

Transaction History

All your transactions are recorded on the Solana blockchain. You can view them:

• In your wallet (Phantom/Solflare)
• On Solscan (opens in a new tab) or Solana Explorer (opens in a new tab)