Carmine Options AMM is a decentralized application built on Starknet blockchain for options trading, by enabling users to buy and sell options at fair prices, Carmine is empowering traders, liquidity providers, hedge funds, and investors to explore new possibilities and manage risk on the blockchain.
Carmine project started on April 2022 and mainnet launched on April 2023.
They has achieved commendable achievements after only 7 months of official launch:
+TVL reached over 0.13 millions dollar
+ Unique users reached over 115K, going parabolic
+ Trades count all time over 84,000
And how to use Carmine Options AMM?
It is easy when using Carmine daap with 4 steps
1. Go to https://app.carmine.finance/
Choose Mainnet and Trade tab.
2. Connect your wallet
You need to have Braavos wallet or Argent wallet (Recommend Braavos wallet)
3. Select your options trade and choose your size (long/short, call/put, listed strike, listed maturity)
+ Be aware that for longs you pay premium
+ For shorts you collect premium, but have to lock capital in the option to guarantee payment of buyer, if the buyer makes a profit.
+ Optionally, you can set slippage - slippage sets maximum acceptable difference between the current price and price at the execution time. You will always pay the price at the execution time, if the price at the execution time is higher than the price with slippage the transaction will fail - this is intentional to prevent overcharging.
4. Approve your transaction by signing in your wallet.
My experience with the Carmine dapp: just 14 days I got 3.5x (mean increased 250%) you can read here: https://x.com/nghoangdai58/status/1717415296720650613?s=20
Lets join with Carmine journey by following socical account:
Offical website: https://carmine.finance/
X (formly Twitter): https://twitter.com/CarmineOptions
Discord discussion: https://discord.gg/nYreWBgRhv
Zealy adventure: https://zealy.io/c/carmineoptions/invite/XaUrGhFISsc32EBJ3j1BH
