Dora: Institutional Bond Trading

Dora is a trading network for tokenized bonds. Runa connects to Dora as one more venue: a Dora account sits next to your crypto accounts, and Dora bonds trade from the same Trading page, Runa AI and agents.

Connecting a Dora Account

1. Create an API key in your Dora account.
2. In the Accounts tab choose the exchange dora and paste the API key (Dora needs no secret).
3. Mark the account as Demo to use Dora's staging environment, or leave it Live for production.

What You See

USD cash, bond holdings with their average entry price, leveraged (isolated) bond positions, open orders and fills, on the Accounts and Trading pages. Selecting a Dora bond shows its last price, 24h change, high/low and volume.

Trading Bonds

• Prices are quoted as a fraction of par (e.g. 0.9612) with four decimals.
• Orders: market or limit, sized in bond units or in USD; limit prices snap to the order book's tick size.
• Stop-loss and take-profit can be attached to the entry order; they appear as separate Stop Loss / Take Profit rows.
• Cancel is supported; to change a price, cancel and place a new order.
• Leverage: 1x trades from your cash balance. Above 1x Runa opens an isolated position, capped at the bond's maximum leverage; closing it repays the borrowed amount. Dora checks the effective leverage itself and may refuse an order; lower the leverage if that happens.

Fees

Runa reads the actual trading fee Dora charged for each trade. Until Dora has booked it, the fee is shown as an estimate marked “≈ … actual pending” (around 0.35%).

Runa AI and Agents

On a Dora account, Runa AI can read your bond positions and prepare Dora orders for you to confirm, and DCA / TWAP agents can work Dora bonds. Dora bonds can only be traded on Dora accounts.