Carmine Finance Testnet
Carmine Options' Testnet is live on StarkNet! To kick off the governance, they will distribute a significant amount of Tokens shortly after the mainnet launch. These tokens will be allocated to users, those helping to build the protocol, traders, liquidity providers, influencers willing to help build the community, and all individuals willing to inform their "social bubbles" about Carmine Options AMM.
It is important to note that THERE WILL BE NO SALE OF TOKENS. Tokens will be distributed only to those participating in the protocol.
About Carmine Finance
Carmine Finance will provide several protocols connected to insurance. First is "Carmine Options", an AMM enabling anyone to buy and sell options at a fair price. For crypto funds, traders and investors who need to hedge their portfolios or trade options, this options AMM will provide a possibility to do so. Different from most competitors, this AMM allows for selling specific options directly to the user. 80% of fees received from trading will be given to liquidity providers. 20% will be put into a treasury.
Carmine Finance Testnet
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Step-by-Step Guide ''Carmine Options Testnet''
▪️ Carmine Options will be released on StarkNet mainnet soon! To ensure a successful launch, they need the support of the community, traders, and liquidity providers. They believe that the only way to build a well-functioning Options AMM is to have an amazing community around it that contributes to the development, feedback, and governance of the project. Thus, the protocol will be fully governed by the community through Carmine tokens. To kick off the governance, they will distribute a significant amount of Tokens shortly after the mainnet launch. Best of Luck!
* When using decentralized applications (ÐApps), it’s critical to remember that YOU are responsible for the security of your digital assets!
Disclaimer: Investors should thoroughly examine any product before depositing or investing their funds!
