Carmine Options AMM enables anyone to buy and sell options at a fair price on #StarkNet
Let's see what you can do on their testnet and what to expect!
⭕️ Carmine Options AMM
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.
⭕️ Token / Airdrop
After the mainnet tokens will be allocated to users, those helping to build the protocol, traders, liquidity providers, and influencers.
Tokens for traders, users, and liquidity providers will be distributed automatically based on activity.
⭕️ Tokenomics
There will be a token issued early in the process to govern the protocol. This token will be partly sold off to investors at the beginning of the project and then slowly released to the community so that the community can govern the protocol.
⭕️ Token Allocation
12.5% to liquidity providers
5% through airdrops 🪂 / 10% to community projects
12.5% to traders / 10% to the security pool
10% as initial capital to the treasury
20% will be distributed to investors
20% will be distributed between the core team members
Functionalities that are being developed and are deployed on testnet
🔸Internal price mechanics
🔸Allow to stake
🔸Trade (mint/burn option tokens, settle options, close trades) options
🔸ETH/USDC as underlying asset
🔸Alpha version of FE
⭕️ What to do?
🔸Buy Options > Long/Short - Put/Call
🔸Stake / Unstake
🔸Join Discord / Leave Feedback
🔸Join Crew3 / Do Quests
https://crew3.xyz/c/carmineoptions/invite/jCVO_UBPn3UxYohXiWQcB
🔸Follow @AlphaInsiders For Future Updates
If You Want To Claim The Next #Airdrop
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