Carmine Finance Testnet (TBA) Airdrop
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.
Requirements to earn free crypto coins
Step-by-Step Guide ''Carmine Options Testnet''
- Visit the Carmine Options Crew3 page & Connect Metamask.
- Follow @CarmineOptions on Twitter & RT.
- Visit the Carmine Options Testnet App. To use Carmine Options on StarkNet Testnet, you will need to have an Argent X or Braavos wallet. To get starknet ETH goerli you can use Faucet.goerli.starknet.io and to get USDC goerli you can just swap with Starkswap.co or Commercium.app. You can also use L1 goerli ETH or USDC or get some on L1 goerli faucet and bridge them to Starknet with Starkgate.starknet.io and convert to USDC as above.
- Test the features: Choose a position for your bet, there are four options: LONG-CALL/LONG-PUT & SHORT-CALL/SHORT-PUT. Select the size of the option you want and click on the “BUY FOR ETH” button + Confirm the transaction.
- Close Option: Go to “My Position”, choose the size of the position and click on “Close” + Confirm the transaction.
- Withdraw Liquidity: Go to “Staking”, select the amount of liquidity to withdraw and click on the “Withdraw” button + Confirm the transaction.
- Join Carmine Options on Discord & In the #🔧 | testnet tab, leave the address of your wallet, from which you tested the application, and write feedback about your experience with the platform. There you can also point out the errors you found during testing.
- Now, complete Crew3 tasks and increase your level. There is a good chance that these tasks will be one of the criteria for Airdrop.
▪️ 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!
Disclaimer: Investors should thoroughly examine any product before depositing or investing their funds!