📚 BitStone: A Step-by-Step Guide

Not sure how to get started on our new product, BitStone? Don’t worry! We’ve got you covered with step-by-step instructions and helpful visuals to guide you through. By the end of this guide, you’ll know exactly how to navigate confidently around our gamified product and start trading like a pro.

How to make profits on Jasper Vault?

Scenario:

• Trade Size: 0.01 BTC

• Trade Value: $1000 (BTC current price = $100K, $100K × 0.01)

• Trading Period: 30 minutes

• Premium Paid: $2 USDT

• Prediction: BTC’s price will rise.

Outcome:

BTC’s price increases by $1,000 within 30 minutes, reaching $101,000.

• Gross Profit: $1,000 (price change) × 0.01 BTC (option size) = $10

• Net Profit: $10 (gross profit) - $2 (premium) = $8

High Leverage, Higher Returns

With just $2 as your initial investment (the premium paid), you control a $1,000 trade value, achieving 500x leverage. This means you’re gaining exposure to a much larger position with minimal capital.

• ROI returns: $8 (net profit) ÷ $2 (premium) = 400% ROI in just 30 minutes

• Without leverage, you’d need to invest $1,000 upfront to achieve the same $8 profit.

• If you applied the same strategy with $1000 as the premium, your net profit could reach approximately $4,000, showcasing the immense earning potential of Jasper Vault’s leveraged options strategy.

No Liquidation Risk, Maximum Downside Capped

Unlike perpetual contracts, where a levered position can be liquidated even with small market movements, Jasper Vault eliminates liquidation risks. Your maximum loss is always capped at the premium paid, making it a safer and more predictable alternative to traditional leveraged perp trading.

Step-By-Step Tutorial

1. Connect to Jasper Vault’s BitStone

• Visit Jasper Vault app and click on BitStone

• Connect your wallet and choose any network to begin

  • Note: Trading can be done on all chains but the Infinity Stones are currently usable on Arbitrum and Bitlayer network

2. Place a trade

• Select Trade Size: Click on the trade size to change the contract sizes (e.g., 0.01 BTC, 0.03 BTC, or 0.05 BTC)

• Select Payment Asset: Click on the toggle to choose the asset (e.g., BTC, USDT) to pay your premiums in

• Select Trading Direction: Choose between a Call Option (price goes up) or Put Options (price goes down)

• Confirm your trade by clicking on the call or put and pay your corresponding premiums to execute the trade

3. Monitor and Check Your Performance

After executing a trade, you can track its progress at any time:

• You can monitor your position right after placing a trade or click on the Positions tab to view it.

• The trade is automatically settled upon option expiry.

• Profits from Calls are in the underlying asset (e.g., BTC, ETH), while profits from Puts are in USDT.

• All trade details, including gross profit, net profit, premium paid, and ROI, can be found in the Positions tab, which is divided into three sub-tabs: All, Open, and Expired.

4. Optional: Fund Your AA Wallet For Gas-Subsidized Transactions

To enjoy gas-subsidized transactions:

• Go to the Account Tab and click the Receive icon

• Transfer assets from your Externally Owned Account (EOA) wallet to your Account Abstraction (AA) wallet

Important Notes:

• If your EOA wallet has insufficient funds, first transfer funds to your EOA wallet, then move them to your AA wallet

• All transfers are secure—only the owner of the EOA wallet has access and control of the AA wallet, ensuring the safety of your funds

• You can choose to send all your assets back from your AA wallet to your EOA wallet anytime anywhere

Start Trading!

Explore the Jasper Vault BitStone today: https://app.jaspervault.io/degen/