[Bearchain Ecosystem Tracking｜IVX Test Network (with Interaction Guide)]
IVX is the native options protocol of BearChain.
It is also one of the few BearChain native projects that has completed financing.
On May 23, IVX announced that it had raised $1.2 million.
The round was led by Animoca Ventures and Avid3.
The IVX testnet is now live, and officials are hinting at potential rewards.
Below is a basic introduction and basic interaction guide.
Tutorial Start
1. Project Introduction
IVX is a native options protocol built on the Berachain Polaris EVM stack that leverages Berachain’s Berps to bring Zero Day Expiration Options (0DTE) to the community.
Options are a type of financial derivative that gives the buyer the right to trade an asset at a specific price at a predetermined future time, but it is not mandatory.
0DTE stands for 0 Days to Expiration, and these options contracts only last for 24 hours, which means:
1: The option costs are very low.
Since 0DTE is only 24 hours, the time value is almost zero, making the option fee very cheap.
2: Smaller volatility risk.
Since the expiration time is short, it is less likely that the asset price will change significantly, so traders can enjoy less volatility risk.
IVX is suitable as a speculative tool for short-term trading (news/on-chain events/announcements), gaining high leverage exposure with lower capital.
According to official information released,
The current IVX testnet has incentives.
Participating in the interaction may have potential rewards.
2. Interaction Guide
1: Code+Led Water
Navigate to the official DC: discord.com/invite/ivx
Find the Ooga-booga-code channel and get the code.
2: Navigate to the test network: https://artio.ivx.fi
Enter the group code.
3: The interaction requires Bear Chain Gas and BERA test water.
Tap 1:
artio.faucet.berachain.com
Tap 2:
https://beraden.com
Tap 3:
app.stakelab.zone/testnet/faucet
4: Click Create Account,
Create a self-hosted smart contract wallet.
5: IVX’s simulated token,
Click Claim on the screen to receive it.
You can receive 2,000 per day.
III: IVX basic interaction method
1: Navigate to the Trade interface: artio.ivx.fi/trade
2: Open the personal panel and select the corresponding one.
3: In the Type column, there are four options:
Buy/Call - Buy a call option
Buy/Put - Buy a put option
Sell/Call - Sell a call option
Sell/Put - Sell put period
4: Select the execution price you want on the right:
If you buy a call option, you choose a strike price, which is the price you think the underlying asset will be above at expiration.
If you buy a put option, you choose a strike price, which is the price you think the underlying asset will be below at expiration.
You can see the expiration time in the countdown above.
5: Adjust the number of option contracts:
1 contract = 1 token price exposure, confirm the position,
Finally, on the dashboard below, click Close to close the position.
That’s all for today
For other interactions, you can view all previously published articles
For more interactive tutorials on airdrop projects, please follow Kaka Crypto Research Society. Thank you~