# Carmine Testnet (Potential Airdrop)

By [Cryptobuch](https://paragraph.com/@cryptobuch) · 2023-02-20

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![](https://storage.googleapis.com/papyrus_images/81096a6e9395c01481f7fff2957302eb83fa3aaec5d40212d33a6820bb340eaf.webp)

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Carmine Finance will provide several protocols connected to insurance. First is the Carmine Options AMM and others are being prepared. This docs focus exclusively on the Carmine Options AMM.

AMM enabling anyone to buy and sell options at a fair price

For crypto funds, traders and investors who need to hedge their portfolios or trade options, this options AMM will provide a possibility to do so. Different from most competitors, this AMM allows for selling specific options directly to the user.

**Video Guide \[YouTube\]:** [https://youtu.be/clbzOqzXiQY](https://youtu.be/clbzOqzXiQY)

**StarkNet Wallet:** [https://www.argent.xyz/argent-x/](https://www.argent.xyz/argent-x/)

\*\*StarkNet Faucet: \*\*[https://faucet.goerli.starknet.io/#](https://faucet.goerli.starknet.io/#)

Let’s go through the testnet itself

*   Go to [https://app.carmine.finance/trade](https://app.carmine.finance/trade) and connect your ArgentX Wallet.
    
*   Go to Trade and Choose a Position to Bet on
    

![](https://storage.googleapis.com/papyrus_images/05dec53a689a81aa7c5ee13a263fd9e4e39ed935ea99b31f47222b650612534b.webp)

*   Enter Option Size and Click Buy/Sell For ETH…
    
*   Here, I am going for SHORT-CALL options
    
*   You can also try other options like LONG-CALL, LONG-PUT, SHORT-CALL, SHORT-PUT.
    

![](https://storage.googleapis.com/papyrus_images/0a22d58f927d4736215c711ba72d7cb1dace95c597c98d1d115bdb7d4f70d291.webp)

*   You Can Close The Position By Going To MY POSITION
    
*   Enter Amount and Click Close
    

![](https://storage.googleapis.com/papyrus_images/300830f7cba8877bdcd964c61b347dc8e37200c93aab7df4ca0598fae4ea94af.webp)

*   Stake Some ETH or USDC By Going Through **STAKING**
    
*   Enter Amount in ETH/USDC and Click Stake
    

![](https://storage.googleapis.com/papyrus_images/e47a6a222f7c41218b655af26aafbc38250fdbd44bd47fae9dcc83f527826b25.webp)

*   Withdraw Some Capital In Percentage
    

![](https://storage.googleapis.com/papyrus_images/f81684a3c3775e0d3012e5fcbba82aeff3808316f014c27de48724f84da1349e.webp)

Hurry! Testnet is completed, Now you need to provide the feedback on Discord.

**Discord Link:** [https://discord.gg/CtvDen9vKc](https://discord.gg/CtvDen9vKc)

![](https://storage.googleapis.com/papyrus_images/9b82c3c59b75fb62b31619f3d2c9315ae0199c708a0f637f1a3679e3b92c543c.webp)

*   **Complete The CREW3 Tasks to Get a Role on Discord:** [https://crew3.xyz/c/carmineoptions/invite/rLgbYN8hQzDZWGg8DZHaW](https://crew3.xyz/c/carmineoptions/invite/rLgbYN8hQzDZWGg8DZHaW)
    

There are many more to come. Stay Tuned! Follow Medium for more airdrops

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*Originally published on [Cryptobuch](https://paragraph.com/@cryptobuch/carmine-testnet-potential-airdrop)*