Asteria Testnet Tutorial
Three-Part Tutorial to Start Options Trading
Last updated
Three-Part Tutorial to Start Options Trading
Last updated
Open Google Chrome to download MetaMask Wallet
https://metmask.io/download.html
Click Install MetaMask for Chrome
Click Add to Chrome
Click Add Extension
MetaMask will populate and you can begin using the wallet
Next, click "start using" to create your wallet (if you already have a wallet, click "import wallet" and login directly). If you don't have an account, click "create a wallet" to create a wallet.
Click I agree to set the password - confirm the password and click next
Next, the mnemonic page will pop up - keep the mnemonic
Then the MetaMask Wallet interface will pop up
Select the network above to switch the network to the rinkeby test network
Then Google Chrome enters the Asteria Testnet https://asteria.finance/
Click on the MetaMask wallet logo on the extension program in the upper right corner of the webpage, you can click to fix it on the webpage
Then connect the wallet
Click Next
Click connect, the connection is successful as shown
If you cannot find those tokens in your wallet after the above 2 steps, you can click "Add Token" in your wallet.
Contract address of test tokens:
USDT: 0x8338984716623A3E8569F8CC9c3A11e664289d2f
Notice: You can also get more test ETH by following the instructions in this link:
https://faucet.rinkeby.io/
1.) Connect your MetaMask wallet to Asteria.Finance
2.) Once successfully connected to the Asteria Platform, your screen will look like this
3.) Click Options Exchange
4.) Choose an underlying asset: WBTC or ETH. The underlying asset is what you want to trade cryptocurrency options on.
5.) Choose the amount of options you want.
One option contract underlies 0.01 of the underlying asset
The max amount of options contracts available is shown.
6.) Choose the option strike price. The strike price is where you think the underlying asset will reach within a specified time (step 7).
The strike price is denoted in USD ($).
7.) Choose the option period. This is the amount of time until the option expires.
8.) Choose the option type.
Call: Makes money when the underlying asset goes up.
Put: Makes money when the underlying asset goes down.
9.) Here is the total cost of the option contract you have created after completing the above steps
10.) Here is the total balance of USDT in your connected wallet
11.) Here is a tool that is synced with the chart right below the sliding bar. The percentage says how much percent will the current price of the underlying asset change by. As you slide the bar, the expected price of the underlying asset will change along with the chart.
12.) The chart shows the potential profit or loss of the sliding bar tool. Or it shows the potential profit or loss of the input option contract details.
13.) These are the main aspects to pay attention to on the chart. This is how options pricing works. And how you can know when you'll profit!
14.) When you're ready, press "Approve" to execute your option contract.
15.) MetaMask will pop up with a window. Press "Confirm"
16.) After a couple of seconds, your option contract will be executed! Check in your wallet -> activity, to see the execution document.
17.) Click ‘My Options’ to see all your option positions.
18.) Here is an example of an option position.
19.) Here is the real-time profit or loss of your position.
20.) Here you can see active, expired, or exercised positions.
End Tutorial.
