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Introducing the live Testnet for Carmine Options on StarkNet! As we launch the governance phase, it's essential to highlight that Carmine Finance will offer various protocols related to insurance. One of these is "Carmine Options", an automated market maker (AMM) that allows users to buy and sell options at a fair price. This platform caters to crypto funds, traders, and investors looking to hedge their portfolios or engage in options trading. Unlike its competitors, Carmine Options enables users to directly sell specific options. Liquidity providers will receive 80% of trading fees, while the remaining 20% will be allocated to a treasury.
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About Carmine Finance Testnet
Following the mainnet launch, tokens will be allocated to users, developers contributing to the protocol, traders, liquidity providers, influencers who help grow the community, and individuals who spread the word about Carmine Options AMM within their social circles. Tokens will only be distributed to active participants in the protocol. One key feature is "Carmine Options", an Automated Market Maker that allows users to buy and sell options at fair prices. This AMM provides a solution for crypto funds, traders, and investors looking to hedge their portfolios or trade options. Unlike other platforms, Carmine Options enables the direct sale of specific options to users. 80% of trading fees will go to liquidity providers, with the remaining 20% going into a treasury.
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