SSOV
Please familiarize yourself with SSOVs and Option Fundamentals before attempting to use this walkthrough.
With our new Calls as Incentives update, you must stake your position after depositing to earn rewards. Additionally, make sure to claim your rewards before withdrawing your deposit or your associated rewards will be lost.
Quick Access:
Accessing the SSOV
It should look something like this:
Enter the SSOV you would like to write or purchase options for
Click the 'Manage' button on the card corresponding to the token and option type you would like to access
You can use the toggles in the top bar to assist in your navigation.
Congratulations, you have successfully entered an SSOV!
3. Connect your wallet
The top right hand side of the page has a "Connect Wallet" button.
Click "Connect Wallet" and follow the prompts according to what wallet provider you use.
If you are connected to the wrong chain for your chosen SSOV, you will be prompted to change to the correct chain.
Great! You are now ready to write or purchase options via our SSOV.
Writing Options via SSOV (Depositing)
View the strike price you would like to write for
The ‘Stats’ box will outline information about the SSOV, including current deposits, purchases, premiums, and rewards.
Once you have identified the strike price you would like to deposit in, proceed to the next step.
Select your strike price
In the top right box, click the ‘Price’ to select your strike price from the drop down menu.
Enter the amount of tokens you would like to deposit
Enter the amount of tokens you would like to deposit in the ‘Deposit Amount’ section or click the ‘Balance’ number to select your entire balance.
If you are happy with this amount, proceed to the next step.
Deposit your tokens
When you click the deposit button, you will be prompted to sign a transaction to deposit your tokens.
Sign the transaction to deposit your tokens.
Stake your position
You will then be prompted to sign a second transaction that wills take your position into the rewards contract.
Sign the transaction to stake your position - if you do NOT do this, you will not be eligible for liquidity mining rewards.
If you fail to sign the second transaction, you can manually stake your rewards under the ‘Write Positions’ tab.
Click the ‘Actions’ dropdown menu and select ‘Stake’ and confirm the transactions to manually stake your position.
Congratulations, you are now providing liquidity for SSOVs and earning rewards!
If your deposit is not staked, you will not receive rewards for your position! Make sure to stake your position to earn liquidity mining rewards.
View your written positions and claim rewards
After you have deposited into the SSOV, your position will show up in the ‘Write Positions’ section.
It will show all your position details, including deposit amount, accrued premiums and rewards, and utilization.
To claim rewards at any time, click the ‘Actions’ dropdown menu and select ‘Claim’.
Click the ‘Claim’ button.
You will be able to claim your rewards at any time by clicking ‘Claim’ again and signing the transaction.
Withdraw your position
Once the lock duration has ended, the "Withdraw" button will be made available.
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Click the withdraw button and you will receive your initial deposit plus any accrued premiums less settlement paid.
Your rewards will be lost if you withdraw your position before claiming rewards. Make sure to claim before withdrawing!
Purchasing Options
Click "Buy CALL/PUT Options"
Click the "Buy CALL/PUT Options" button.
Additionally, note the "Stats" section which outlines available strike price and liquidity in your chosen SSOV.
Select the number of options you would like to purchase and for what strike price.
After step 1., a "Buy Options" card will appear.
Enter your Options Price and select your Strike Price from the drop down tab, which will output the amount you will pay in fees and premiums.
If you are happy with this, click the purchase button.
View your purchased positions
After you have purchased your options, your position will be available under "Your Options".
Settle your position
If your option is ITM when an epoch ends, you will be able to settle your option.
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Click the settle button to redeem your rewards.
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