Overlay Protocol ($OV) is a liquidity layer that permits buying and selling of illiquid property with out conventional counterparties. This enables customers to commerce any sort of asset, together with these with little or no liquidity. Overlay Protocol’s ($OV) testnet airdrop has simply gone dwell! This implies mainnet and airdrop could also be coming quickly! Right here is our Overlay Protocol ($OV) token airdrop information.
Take a look at our step-by-step information!
What’s Overlay Protocol ($OV)?
Overlay Protocol is a liquidity layer that addresses the problem of buying and selling illiquid property. Listed below are some key options about Overlay Protocol:
- Backers: Overlay Protocol has garnered help from distinguished traders, together with Polychain Capital, 1kx, ParaFi, Metacartel Ventures, and The LAO.
- Product-Market Match: Overlay Protocol fills a big hole by enabling buying and selling in illiquid markets. It permits customers to create markets for numerous scalar knowledge, together with unconventional property like buying and selling playing cards, uncommon sneakers, Elon Musk tweets, and online game gadgets. Overlay pioneers the exploration of beforehand unimaginable property inside conventional markets.
- Trading and Liquidity Incentives: Overlay Protocol incentivizes buying and selling and liquidity, offering a bespoke toolbox for merchants and market individuals. Its focus extends past buying and selling to empowering customers to create markets tailor-made to their preferences.
How one can get the Overlay Protocol ($OV) token airdrop
Time wanted: 1 hour
- Hook up with testnet
Join your pockets to the Overlay Protocol ($OV) testnet. Be sure to are on the Arbitrum Sepolia community.
- Declare testnet tokens
Click on on the highest bar to say Arbitrum Sepolia Testnet ETH and take a look at token OVL. You’re going to get 0.003 testnet ETH and 50 testnet OVL. Word you may solely declare testnet tokens on the web site as soon as. Nonetheless, you may declare an additional 100 testnet OVL and 0.0069 testnet ETH at their #get-ovl channel on their Discord by typing “/faucet” and the Arbitrum handle that you may be utilizing to work together with the testnet.
- Get Discord roles
After getting claimed the additional testnet tokens on Discord, go to #claim-ovl and you’ll mechanically be awarded the OVL Take a look at Token Holder function on Discord.
- Commerce on Overlay Protocol testnet
Go to https://app.overlay.market/#/markets and choose a market to position an extended or quick place. Select “Long” or “Short” and the leverage. Then click on “Approve OV” and approve the spending restrict in your pockets. Afterwards, click on “Build” to open your place.
- Monitor your place
Monitor your place continually. Shut your place if the market is buying and selling in the identical manner as your place.
- Full extra profitable trades for extra factors.
We advise returning each day to open extra positions. It’s because you may be awarded factors for profitable trades. Level scores are up to date each Thursday at 0:00 UTC.
- Test your Purrps Factors rating
You possibly can examine your Purrps Factors rating on the leaderboard HERE.
