↕️ Degen Options: A Step-by-Step Guide
Introduction to Degen Options
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.
Why Trade Degen Options?
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.
How to Trade Degen Options on Jasper Vault
1. Connect Your Wallet
Visit Jasper Vault and connect your wallet
Select the Bitlayer, Arbitrum, or Base network depending on your preference
2. Place a Trade
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
3. Pay the Premium & Execute Trade
Choose the premium currency (e.g., BTC, USDT) and pay the corresponding premium.
Confirm and execute the trade
4. 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.
5. Optional: Fund Your AA Wallet For Gas-Subsidized Transactions
To enjoy gas-subsidized transactions:
Click on Enable Gas Subsidy on the Degen tab
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
How Much You Can Profit with Degen Options?
Check out real examples of potential gains, break-even points, and risk calculations.
Get Started with Degen Options Today!
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!
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