# 📚 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

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2F1cDibo201Or5uyGOmSv9%2FBitStone_tut01.png?alt=media&#x26;token=59f37044-6cd3-456f-8046-9181ac6d3038" alt=""><figcaption></figcaption></figure>

***

### 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**)

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FXwrwZ8F0ZcU0YdwTDSLO%2FBitStone_tut03.png?alt=media&#x26;token=d02ec1cc-a1f3-4a51-b9b4-c118af30c396" alt="" width="375"><figcaption></figcaption></figure>

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

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FVL93mP4RnwGLvY8ozplT%2FBitStone_tut02.png?alt=media&#x26;token=9b69321b-ffa1-4444-b411-ce263e623488" alt="" width="375"><figcaption></figcaption></figure>

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

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2Fvo6YLIV0D6S7bAKBZYTI%2FBitStone_tut04.png?alt=media&#x26;token=11af3573-99ad-4869-976d-a31c797d5b8d" alt="" width="375"><figcaption></figcaption></figure>

* 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**.

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FkriVp3xIvLyF8l70rbhT%2FBitStone_tut05.png?alt=media&#x26;token=cdbabe9d-9a68-4247-98f6-f62429a5e24f" alt=""><figcaption></figcaption></figure>

### **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

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FLb2IJdOvfthcocOABfnh%2Fimage.png?alt=media&#x26;token=a4072b11-69da-4d44-aad5-37393a1ecf55" alt=""><figcaption></figcaption></figure>

**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

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FdROx5cmHBJoc15kusq1T%2FBitStone_tut07.png?alt=media&#x26;token=161c69d9-28f4-4b0d-90cf-18bfe2f7edf7" alt=""><figcaption></figcaption></figure>

***

## Start Trading!

Explore the Jasper Vault BitStone today: [https://app.jaspervault.io/degen/](https://app.jaspervault.io/degen/Bitlayer)