🔓
OPerps
  • Introduction
  • 🤔Why use OPerps
  • 🔤Abbreviations
  • 💰Settlement
  • 🎚️Leverage
  • 🚶‍♂️Example Walkthroughs (L2 Chains)
    • PUT
    • Call
  • 🚶‍♂️Example Walkthroughs (Binance)
    • PUT
    • CALL
  • 🍡Types of OPerps
    • LCO
    • LPO
    • SCO
    • SPO
  • 📞How to
    • Convert OPerps to USDC
    • Buy Long OPerps Tokens
    • Exit on time
  • ‼️Exceptions
  • 📈Price Feed
  • 💸Fees
  • 📔Token Addresses
  • ❔FAQs
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  1. How to

Buy Long OPerps Tokens

PreviousConvert OPerps to USDCNextExit on time

Last updated 9 months ago

How to Buy Long OPerps Tokens

  • Collect testnet USDC and ETH from the Faucet (Ignore this step for mainnet).

  • Choose CALL or PUT mode depending on whether you believe the market will rise or fall respectively, in the next cycle.

  • Remember, CALL is profitable in rising markets and PUT is profitable in falling markets.

  • Take a look at the expected leverage in the next cycle (and also the distribution of long tokens : short tokens) to see how attractive it is to enter right now.

  • Higher the leverage, more attractive it is to buy Long OPerps tokens.

  • Try out our virtual PnL simulator to estimate your returns in the upcoming cycle.

  • Enter the number of tokens you wish to buy and hit "Buy" button.

  • Allow the smart contracts to access funds in your wallet. You can edit the allowance as per your comfort level.

  • Approve the buy transaction and that's it. You can see your order in the "Open Orders" tab after the transaction in confirmed.

  • Pending orders will get executed during the next settlement.

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Expected leverage in the next cycle is more than 5000x, a very attractive opportunity to enter a trade