CLAMM MVP WALKTHROUGH
Greetings my pretty pets and welcome to a CEO walkthrough for our new CLAMM MVP!
- Connecting your wallet
- Providing liquidity
- Trading options
Connecting your Wallet
First things first, let’s get your wallet connected to the CLAMM testing dApp.
- Go to the CLAMM website.
Make your way to the alpha testing site here.
It should look something like this.
- Connect wallet
In the top right corner, click the ‘Connect Wallet’ button which will open your wallet options.
Select your wallet of choice and follow the prompts.
Splendid - you are now ready to provide liquidity or trade options.
You may provide either $ARB or $USDC to write liquidity for $ARB options. Your liquidity will be deposited into the ARB-ETH Uniswap v3 pool at the tick equivalent to your chosen strike.
- Switch to ‘Liquidity Provision’ box
By default, the CLAMM user box will be set to ‘Trade’.
Click ‘Liquidity Provision’ to switch to the LP side.
- Select option type
Select ‘Call’ or ‘Put’ depending on the type of option you would like to write.
Writing a call requires $ARB while writing a put requires $USDC.
- Select strike price
Click ‘Select Strike’ to open a drop down menu containing the possible strike prices you can select.
Select the strike price you want your liquidity to be used for.
- Enter deposit amount
Enter the amount of tokens you would like to deposit (here I am depositing $USDC because I am providing put liquidity).
Click ‘Deposit’ and confirm the transactions.
Congratulations, you are now successfully providing CLAMM liquidity!
- Review position and withdraw
If you would like to view your position, go to the bottom of the page and select ‘LP Positions’.
If your liquidity is not currently utilized, you may click ‘Withdraw’ and sign the transactions to withdraw your position at any time.
The CLAMM allows you to trade options using deposited liquidity. In contrast to Dopex v1, we have two massive upgrades:
- Options can be settled at any time they are in profit
- Expiries are not restricted by epochs
Keep in mind that CLAMM is still in alpha so you will have to manually settle a profitable position before expiration. With our full launch, profitable positions will be settled automatically.
- View available options
The CLAMM page will list all available options based on available liquidity.
By default, the page will be set to ‘Call’ - click the ‘Put’ tab if you would like to trade put options instead.
- Click the strike price you would like to purchase
Click the strike price you would like to purchase and it will auto-select it for you in the ‘Trade’ box (the box is set to ‘Trade’ on default but you may need to select it manually if you are on the ‘Liquidity Provision’ tab).
Alternatively, click the Strike price in the ‘Trade’ tab to manually select a strike price.
- Enter the amount of options you would like to purchase
Type in the number of options you would like to purchase.
This will automatically output the cost of your premiums.
- Select an expiry time and purchase options
Select your desired expiry time - note that longer expiries will be more expensive.
To purchase, click ‘Approve’ then ‘Buy’ and sign the transactions.
- View positions and exercise.
If you would like to view your position, go to the bottom of the page and select ‘Buy Positions’.
A position can be exercised at any time if it is currently in profit. In the above scenario, the top position is ITM and thus exercisable while the bottom position is OTM and cannot be exercised.
Congratulations, you have successfully purchased options (and mayhaps even exercised an ITM position) on our brand spanking new CLAMM!
Thank you for joining your beloved CEO on a little walkthrough of our brand new CLAMM system.
Please do provide feedback in the Dopex Discord’s #clamm-mvp-feedback channel or feel free to message 0xSaitama directly.
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner. Dopex uses option pools to allow anyone to earn a yield passively. Offering value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries. This is thanks to our own innovative and state-of-the-art option pricing model that replicates volatility smiles.
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