optmac-userguide

OptMachine user guide

Welcome to be the user of this dapp I will show you how to use it step by step

0. Requirements

• A Solana wallet (Phantom)
• Small amount of DEVNET SOL for fees
• You can click the faucet button to visit solana faucet to get some devnet sol
• SET THE WALLET IN TESTNET MODE

1. Connect wallet and get test tokens

• First, click the connect wallet button to connect your wallet to the website
• Then, click the airdrop button to get test tokens. We will provide you 1000 token A and 1000 token B

2. Create & Mint your first option

• You should create your option before you mint it
• You can set any parameter to your option, but make sure your expiration is set after your time or the option will not be created
• Also, we recommend you to set it in an appropriate size so that you can mint
• You can see the option mint on transaction logs

• Copy the option mint and paste it on the option parser, you can see the detail of the option token

• Now you can mint your option
• As you mint your option your underlying asset will be transfered to the vault if users exercise option the vault will send
• underlying asset to the exerciser and the creator will receive the quote tokens

  

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-You will find option tokens in your wallet

3. Exercise option

• First of all, check the option token in our option parser
• Then, paste the option token mint into exercise option and choose the amount of options you’d like to exercise
• After you exercise the option token will be burned and underlying of the option will be sent to you from the vault
• Your quote token will be transfered to the creator of the option

  

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4. Reclaim assets

• After the option expires creator of the option can reclaim the collateral in the vault

  

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