📚 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!
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