> ## Documentation Index
> Fetch the complete documentation index at: https://docs.silvana.one/llms.txt
> Use this file to discover all available pages before exploring further.

# Terminal

Silvana Terminal is the main trading workspace for Silvana Book.

<Callout icon="rectangle-terminal" color="#cf65c9">
  Since Silvana separates off-chain matching from on-chain DvP settlement, the terminal makes every trade state visible: from active order and match result to counterparty action and final settlement.
</Callout>

This means execution and settlement are visible as separate stages. A trade can be matched quickly, then continue through settlement until both sides complete the required steps.

The terminal helps you track this path without leaving the trading screen.

# Market Workspace

<img src="https://mintcdn.com/eranetworksdmcc/haDofqWU8SrPQRfx/images/image-50.png?fit=max&auto=format&n=haDofqWU8SrPQRfx&q=85&s=2c7d6fb95a394aa09f5b6c039b5545cc" alt="Image" width="1917" height="900" data-path="images/image-50.png" />

The main terminal screen is divided into several working areas:

| **Area**        | **What it shows**                                                          |
| :-------------- | :------------------------------------------------------------------------- |
| Market selector | Available markets, favorites, and quick market switching.                  |
| Market header   | Current price, 24h change, index price, mark price, high, low, and volume. |
| Chart           | Live price movement and market indicators for the selected pair.           |
| Order Book      | Current bid and ask levels for the market.                                 |
| Trades          | Recent executed trades and live market activity.                           |
| Order form      | Buy and sell controls for limit and market orders.                         |
| Activity Panel  | Open orders, order history, settlements, and trade history across markets. |

The same workspace keeps both market data and trade state visible. You can select a market, place an order, monitor the book, and track whether your trade is still open, already matched, or waiting for settlement actions.

# Prerequisites

To start trading, you have to:

* be [**onboarded**](https://docs.silvana.one/onboarding)
* [**connect your wallet**](https://docs.silvana.one/early-bird-program#2-connect-wallet) to your account
* be logged in

<Note>
  Check the [list of supported wallets](/silvana-book/introduction/supported-wallets).

  If your wallet becomes disconnected for any reason, you can reconnect it using the **Connect** button in the top-right corner of the interface.
</Note>

## Step 1. Selecting a Market

Use the market selector to switch between available trading pairs. Each market opens in the terminal with its own chart, price data, order book, and order form.

<Check>
  Favorite markets can be pinned for faster access. Open market tabs allow you to move between several pairs without losing context.
</Check>

<img src="https://mintcdn.com/eranetworksdmcc/xdKvagCaVveGwm5m/images/5244567798053279655.jpg?fit=max&auto=format&n=xdKvagCaVveGwm5m&q=85&s=45313963612dce20f02a675e8ad01155" alt="5244567798053279655" title="5244567798053279655" className="mx-auto" style={{ width:"53%" }} width="488" height="511" data-path="images/5244567798053279655.jpg" />

## Step 2. Placing an Order

Choose the side, order type, price, amount, and time in force from the order form.

* For a limit order, the order is placed in the private orderbook at the selected price and quantity.
* For a market order, the terminal uses available liquidity to execute immediately based on the current market state.

<img src="https://mintcdn.com/eranetworksdmcc/xdKvagCaVveGwm5m/images/5244567798053279658.jpg?fit=max&auto=format&n=xdKvagCaVveGwm5m&q=85&s=18a16cd40703f9e989075c97e34ade8e" alt="5244567798053279658" title="5244567798053279658" className="mx-auto" style={{ width:"77%" }} width="778" height="868" data-path="images/5244567798053279658.jpg" />

Before submitting, check the available balance, price, quantity, and estimated total. Once the order is placed, the terminal updates the order state and shows its position in the trading flow.

<Expandable title="Time in Force details">
  Time in Force selector defines how long an order can remain active after you submit it.

  | **Option**                    | **Meaning**                                                                            |
  | :---------------------------- | :------------------------------------------------------------------------------------- |
  | **Good Till Cancel (GTC)**    | The order stays open until it is filled or manually canceled.                          |
  | **Immediate Or Cancel (IOC)** | The order executes as much as possible immediately, then cancels the remaining amount. |
  | **Fill Or Kill (FOK)**        | The order must be filled in full immediately, or it is canceled entirely.              |
  | **Good Till Date (GTD)**      | The order stays active until a selected date or time, then expires automatically.      |
</Expandable>

## Step 3. Track the Settlement Proposal

After a match, the trade moves into a settlement proposal. This view shows the details of the matched order and the current step in the DvP process.

Follow the proposal status to see which side must act next, whether confirmation, signing, fee payment, token allocation, or final settlement is currently required.

<img src="https://mintcdn.com/eranetworksdmcc/xdKvagCaVveGwm5m/images/5244567798053279666.jpg?fit=max&auto=format&n=xdKvagCaVveGwm5m&q=85&s=0a349ef03013f210e76cf46842911bd3" alt="5244567798053279666" title="5244567798053279666" className="mx-auto" style={{ width:"77%" }} width="947" height="792" data-path="images/5244567798053279666.jpg" />

The proposal makes the post-trade flow visible. You can see whether the system is waiting for you, waiting for the counterparty, or moving to the next settlement step.

<Expandable title="Order States details">
  Silvana Terminal shows different positions of the same trade as it moves through the system.

  | State                                         | Meaning                                                                                                             |
  | :-------------------------------------------- | :------------------------------------------------------------------------------------------------------------------ |
  | **Awaiting Buyer/Seller: Confirm Settlement** | The matched trade is waiting for one side to confirm settlement. The other side waits until this step is completed. |
  | **Awaiting Buyer/Seller: Sign DvP**           | The settlement is waiting for one side to sign the DvP contract before the flow can continue.                       |
  | **Action Required: Pay DvP Fee**              | Your wallet confirmation is required to pay the DvP fee before settlement continues.                                |
  | **Action Required: Allocate Tokens**          | Your side must allocate the required assets for the DvP settlement.                                                 |
  | **Action Required: Pay Allocation Fee**       | Your wallet confirmation is required to pay the allocation fee for the token allocation step.                       |
  | **Partial**                                   | Only part of the order has been filled, while the remaining amount stays open or waits for further matching.        |
  | **Cancelled**                                 | The order or settlement was canceled before completion, so the trade did not proceed to final settlement.           |
  | **Settled**                                   | The DvP flow is complete, and delivery and payment have been finalized.                                             |

  <Warning>
    A matched trade does not always mean that settlement has finished. The terminal shows both execution status and settlement progress, so you always know the order's current position.
  </Warning>
</Expandable>

## Step 4. Review Your Activity Panel

Once settlement is complete, the trade appears in the activity panel at the bottom of the terminal.

<Expandable title="Activity Panel details">
  The panel helps you check what is still open, what has already been processed, and where each completed record is stored.

  | Tab               | What it shows                                                          |
  | :---------------- | :--------------------------------------------------------------------- |
  | **Open Orders**   | Active orders that are still waiting for execution or cancellation.    |
  | **Order History** | Past order records, including filled, cancelled, and completed orders. |
  | **Settlements**   | Settlement records and DvP proposal results.                           |
  | **Trade History** | Executed trades with market, side, price, amount, and total details.   |

  Use **Hide Other Pairs** to focus the panel on the currently selected market pair.
</Expandable>

Congratulations – your trade has been completed and recorded in the terminal!

## Wallet Confirmations

Some settlement steps may require wallet confirmation. The terminal indicates when action is required on your end.

<Tip>
  With multicall enabled, you can approve multiple settlement actions at once rather than confirming each one separately.
</Tip>

<Warning>
  Make sure browser pop-ups are enabled before starting settlement. Loop approval requests may open in a separate tab or window, and blocked pop-ups can prevent the confirmation flow from continuing.
</Warning>

## Key Takeaway

Before submitting an order, make sure the trading details are accurate and that the status shown in the terminal after the order is placed matches the status.

<Check>
  * Check the selected market before placing an order.
  * Make sure the order side is correct: **Buy** or **Sell**.
  * Review the price, quantity, available balance, and Time in Force.
  * For market orders, check the available amount and order range before confirmation.
  * After the order is placed, follow its state in the terminal.
  * If the order enters settlement, track the proposal status closely.
  * When the terminal displays “Action Required,” approve the requested step.
  * If the terminal is waiting for the buyer or seller, no action is required from the other party until they complete their step.
  * Settlement is complete only when the proposal status changes to **Settled**.
</Check>