How difficult can crypto options be?
Check out this JasperQuant step-by-step guide to minimal options
Teach you how to participate in the simplest way#比特币期权 #以太坊期权 。
01. Wallet Account
Wallet Network
For wallets that support the Arbitrum network, we recommend Ouyi Web3 wallet.
Gas Fees
You need to deposit ETH from the Arbitrum network into your wallet as GAS fee consumption.
Prepare principal
In DEGEN, premiums can be paid using USDT or underlying assets (ETH or WBTC).
In 0DTE, only USDT can be used to pay premiums.
02 AA Wallet
Account abstraction, safe and efficient
JasperQuant uses ERC-4337 and PDAs for account abstraction and HTLC technology for multi-chain options trading. These technologies ensure the security and accuracy of funds during cross-chain transactions, allowing asset transactions on different chains to be carried out safely and efficiently.
Transfer to AA Wallet
Users need to transfer the principal required to create an order to the AA (Account Abstraction) wallet before they can use the AA wallet to create orders and settle profits.
User Control
All operations of AA wallet require users to confirm in independent wallets.
Users always have control over their AA wallet assets.
03 THE DOUGH
THE DOUGH
Designed for efficiency and user-friendliness, DEGEN is committed to creating an interactive experience that is "ready to use", ensuring smooth user interaction and allowing every user to easily enter the world of crypto options. DEGEN can provide an extremely simplified crypto options experience for both novices and veteran players.
Simple process
Creating an order requires only four steps:
【Choose the type, choose the scale, choose the direction, and pay the premium. 】
Automatic settlement
After the order is submitted, the system will automatically settle the transaction, and the user can obtain the transaction results without any additional operations.
Leverage and Term
The leverage is always the current highest multiple and the term is always 2 hours.
04 0DTE
0DTE
0DTE is based on the efficiency and friendliness of DEGEN, but places more emphasis on flexibility.
Premium and size
You can set the option size by entering the premium amount, or determine the size first and view the required premium later.
Leverage and Term
0DTE also provides multiple maturities and leverages, with different maturities corresponding to different leverages.
The longer (shorter) the term, the lower (higher) the leverage.
Finding a balance
For users who seek a balance between returns and risk management, flexibility and convenience, 0DTE can provide users with corresponding trading tools and strategy support, whether it is short-term market fluctuations or long-term trend judgments.
05 Open Orders
Order Lock
The order will be locked during the holding period.
Users cannot close their positions early or make any adjustments.
Order Expiration
When the order position reaches the expiration date,
The system will automatically settle based on real-time market prices.
This mechanism means that
During the entire period of the open order,
No matter how the market price fluctuates or how the profit and loss data changes,
You need to wait until the option expires before the final profit and loss settlement can be completed.
06 Related calculations
Premium = Option size × Strike price ÷ Leverage multiple
Gross profit of call option = (settlement price — strike price) × option size
Put Gross Profit = (Strike Price — Settlement Price) × Option Size
Net Profit = Gross Profit — Premium
Rate of return = Gross profit ÷ Premium × 100%
Note that in JasperQuant:
The opening price is the exercise price;
The loss of net profit will not exceed the premium amount;
For orders with no gross profit, the return rate is always 0.
07 Profit Settlement
Call Option
Profits are settled in the AA wallet in the form of underlying assets.
For example, use USDT to buy ETH call options and make a profit of 20 USDT.
When settling, the system will settle ETH worth 20 USDT to the user's AA wallet at the market price.
Instead of settling in the form of USDT.
Put Option
Profits are settled in the AA wallet in the form of USDT.
For example, use USDT to buy ETH put options and make a profit of 20 USDT.
During settlement, the system will directly transfer 20 USDT to the user's AA wallet.
08 Maximum loss
Payment of premium
The premium is the fee paid by the option buyer for the right to buy (or sell) the underlying asset at a specific price at a specific time.
The premium is non-refundable.
Exercise & Not Exercise
Exercise means that the option buyer can exercise the option at a specified time and at a specified price.
Exercise its right to buy (or sell) the underlying asset.
In Jasper Quant, when an option expires,
If there is a profit, the option will be automatically exercised; if there is a loss, the option will be automatically abandoned.
Maximum loss
In Jasper Quant,
The maximum loss is the premium paid when opening the order.
【JasperQuant】—— Innovative crypto options solutions:
- Completely decentralized, data on-chain, transparent and traceable;
- Minimal interaction, convenient and efficient;
- High leverage, no liquidation, fixed low risk;
- Low threshold, the minimum required is 1 ~ 2 U premium;
- Reliable, the smart contract has been professionally audited and is safe and secure.
Work together for a win-win situation, welcome to consult!
