↕️ Degen Options: A Step-by-Step Guide
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Degen Options is Jasper Vault’s flagship 30-minute options product, designed to simplify options trading. Degen Options allows users to trade with minimal friction while experiencing the benefits of high leverage. With its one-click trading mechanism, even beginners can easily participate in options trading without worrying about intricate pricing models or volatility analysis.
Simplified Trading: No need to understand complex options pricing models—just choose a trading direction and size.
Short-Term Trades: Degen Options expire in 30 minutes, allowing for quick trades.
Up to 500x Leverage: Maximize returns with a small upfront premium.
No Liquidation Risk: Unlike perpetual contracts, your losses are capped at the premium paid.
Visit Jasper Vault and connect your wallet
Select the Bitlayer, Arbitrum, or Base network depending on your preference
Choose your preferred wallet provider
Go to DEGEN tab for 30 mins options
Select Trading Direction: Choose between a Call Option (price goes up) or Put Options (price goes down)
Select Trade Size: Degen Options offer predefined contract sizes (e.g., 0.01 BTC, 0.05 BTC, or 0.1 BTC)
DEGEN Options only offers 30-minutes options
Choose the premium currency (e.g., BTC, USDT) and pay the corresponding premium.
Confirm and execute the trade
After executing a trade, you can track its progress:
You can monitor your position right after placing a trade
After the 30-minute period, your trade is auto-settled
Profits from "Calls" are in the underlying asset (e.g. BTC, ETH) while profits from "Puts" are in USDT
Check the History tab to see gross profit, net profit, premium paid, and ROI
Jasper Vault provides gas subsidies/waiver for transactions:
To receive gas-free transactions for future trades, consider enabling the Account Abstraction (AA) Wallet on Jasper Vault.
Click on Enable Gas Subsidy button
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 transfer all your assets back from your AA wallet to your EOA wallet anytime anywhere
Check out real examples of potential gains, break-even points, and risk calculations.
Degen Options offers an easy way to engage in high-leverage options trading with a simple, intuitive interface. Connect your wallet, place your first trade, and experience the power of simplified options trading on Jasper Vault!
