1. Complete participant onboarding
Ledig’s onchain hedging product is intended for approved businesses, payment service providers and institutional participants. Contact Ledig through its official channels to establish eligibility and complete the applicable onboarding process. Buyer and writer permissions are separate. A wallet cannot hold both permissions at the same time. If your organisation already provides liquidity, confirm the intended wallet arrangement with Ledig rather than assuming that an existing writer wallet can also buy. Use the approved wallet when purchasing. Changing accounts in a wallet application can change both the address and its permission to transact.2. Confirm the network and assets
Use the network identified by the supported Ledig application. A test environment and a production environment are distinct, even if they display similar token names. Check the exact token contracts for the selected market. Tokens with the same symbol on another network, or issued by a different contract, are not interchangeable merely because their names match. Your wallet also needs the network’s fee token to pay transaction costs. These costs are separate from the premium and exercise payment. Review each wallet request before signing.3. Plan both stages of funding
For example, an illustrative 100,000 USDC option with a 1.8% premium requires 1,800 USDC to purchase. At an agreed rate of 1,500 cNGN per USDC, exercising the full amount later requires 150 million cNGN.
The premium does not fund that later payment. You do not need to deliver the exercise payment at purchase, but you do need to arrange access to it in time. The option does not lend you that amount.
A bank balance or balance elsewhere on the Ledig platform is not automatically available to the onchain transaction. Any process for acquiring, transferring or redeeming the required tokens is separate.