Overlay Protocol ($OV) is a liquidity layer that allows buying and selling of illiquid belongings with out conventional counterparties. This permits customers to commerce any sort of asset, together with these with little or no liquidity. Overlay Protocol’s ($OV) testnet airdrop has simply gone reside! This implies mainnet and airdrop could also be coming quickly! Right here is our Overlay Protocol ($OV) token airdrop information.
Try our step-by-step information!
What’s Overlay Protocol ($OV)?
Overlay Protocol is a liquidity layer that addresses the problem of buying and selling illiquid belongings. Listed below are some key options about Overlay Protocol:
- Backers: Overlay Protocol has garnered help from distinguished buyers, together with Polychain Capital, 1kx, ParaFi, Metacartel Ventures, and The LAO.
- Product-Market Match: Overlay Protocol fills a major hole by enabling buying and selling in illiquid markets. It permits customers to create markets for varied scalar knowledge, together with unconventional belongings like buying and selling playing cards, uncommon sneakers, Elon Musk tweets, and online game objects. Overlay pioneers the exploration of beforehand unimaginable belongings inside conventional markets.
- Buying and selling and Liquidity Incentives: Overlay Protocol incentivizes buying and selling and liquidity, offering a bespoke toolbox for merchants and market contributors. Its focus extends past buying and selling to empowering customers to create markets tailor-made to their preferences.
Tips on how to get the Overlay Protocol ($OV) token airdrop
Time wanted: 1 hour
- Connect with testnet
Join your pockets to the Overlay Protocol ($OV) testnet. Ensure you are on the Arbitrum Sepolia community.
- Declare testnet tokens
Click on on the highest bar to assert Arbitrum Sepolia Testnet ETH and take a look at token OVL. You’ll get 0.003 testnet ETH and 50 testnet OVL. Word you possibly can solely declare testnet tokens on the web site as soon as. Nevertheless, you possibly can 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 tackle that you’ll 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 Check Token Holder function on Discord.
- Commerce on Overlay Protocol testnet
Go to https://app.overlay.market/#/markets and choose a market to put an extended or brief 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 consistently. Shut your place if the market is buying and selling in the identical approach as your place.
- Full extra profitable trades for extra factors.
We recommend returning every day to open extra positions. It’s because you’ll be awarded factors for profitable trades. Level scores are up to date each Thursday at 0:00 UTC.
- Examine your Purrps Factors rating
You’ll be able to verify your Purrps Factors rating on the leaderboard HERE.
