Bitlayer is the first Bitcoin second-layer project based on Bitcoin finality. Bitlayer is building a Bitcoin native second-layer ecosystem supported by innovative technologies such as OpVM, Finality Bridge and RtEVM, providing developers and users with Bitcoin security equivalence, trustless cross-chain bridges and real-time EVM programming experience.
Recently, Bitlayer officially launched the third phase of the First Mining Festival. This phase of the event was jointly initiated by the official and five ecological projects including RollDex, Jasper Vault, DeSyn Protocol, Avalon Labs and Lorenzo Protocol. The theme is "Battle for the Treasure Chest", which provides users with a total of 10 million $BTR tokens, ecological project airdrops, and Bitlayer ecological joint medal rewards.
Currently, the event has been officially opened, and users can now log in to the Bitlayer official website or other official cooperation portals, including UXUY Wallet, OKX Web3, Freee.xyz, Trusta Labs, OneKey, Ave.ai, Gate Web3, TokenPocket and FoxWallet and other platforms to participate in the event. Among them, the official participation entrance of the event is: https://www.bitlayer.org/mining-gala
This article will provide readers with important information about the Jasper Vault project participating in the third phase of the Bitlayer First Mining Festival and provide users with a guide.
Project Introduction
In the rapidly developing field of Bitcoin decentralized finance (BTCFi), Jasper Vault is committed to maximizing the advantages of high leverage and zero risk of liquidation of options, and combines account abstraction technology (ERC-4337) to achieve wallet-to-wallet non-custodial transactions, creating the industry's first minimalist on-chain options product, with a minimum rolling opening of 2 hours, leverage of more than 300x, and zero liquidation. Users only need to choose to be bullish or bearish. If the judgment is correct, they can get up to 300 times the leverage income. If the judgment is wrong, they will only lose a small amount of premium. Users can use put options to hedge against the risk of falling prices and protect their principal, or use call options to buy at the bottom to make a small profit.
Ecological data
Jasper Vault official website: app.jaspervault.io
Jasper Vault X: https://x.com/jaspervault
X Followers: 100K
Reward Introduction
Bitlayer Paid Treasure Box: Bitlayer provides a total of 10 million $BTR tokens for this first mining festival. Each user can directly purchase the treasure box on the Bitlayer event page. A maximum of 20 paid treasure chests can be opened every day, and the opening fee is about $0.4;
Bitlayer Free Treasure Chest: You can get 5 free treasure chests for each transaction on Jasper Vault, with a maximum of 5 opening opportunities per day, so you can get a maximum of 25 free treasure chests per day;
Moonlight Box: If you guess the wrong trading direction in option trading, you can use the Moonlight Box prop to reverse the trading direction to make it easier to win profits;
Leverage Bonus jPoints: For each transaction on Jasper Vault, you will get leverage bonus points jPoints, and enjoy more airdrop rewards in the future.
First Mining Festival Gameplay Guide
The on-chain options protocol Jasper Vault has launched a new BTCFi gameplay - the on-chain Moonlight Box, and it is first launched on Bitlayer. Users will automatically receive the Moonlight Box in their first transaction, allowing holders to adjust the option direction according to market changes half an hour before the transaction expires. This gameplay incorporates game elements into option trading, providing an innovative experience for novices. The event is limited to Bitlayer First Mining Festival users and lasts for one month.
In this round of the first mining festival, Jasper Vault includes the following two tasks, namely:
Follow the Jasper X account
Select BTC Degen 2-hour options on the Bitayer chain in Jasper Vault, and the order amount is unlimited
Complete the above tasks, the specific tutorial is:
Step 1: Join the Bitlayer Mining Gala III event
Step 2: Follow the Jasper Vault official X account
Step 3: Make your first transaction on Jasper Vault
Step 4: Use the Moonlight Box to reverse your trading direction
Note that before placing an order, please make sure you have received the Moonlight Box, and make sure that on the Degen page, you have clicked to enable the Moonlight Box item.
After placing the order, you can choose to reverse the direction of the trade:
— If you initially traded a call option (long ?), you can convert it to a put option (short ?).
— If you initially traded a put option (short ?), you can convert it to a call option (long ?).
Step 5: Get your Bitlayer treasure chest
Visit the Bitlayer Mining Gala III event page.
After each transaction, claim 5 Bitlayer regular treasure chests, up to 25 treasure chests per day.
Step 6: Get more Moonlight Boxes
After using the Moonlight Box for the first time, you can get a new treasure chest through the following tasks
Make any size BTC option trades on Degen Options again.
Check your transaction history to confirm whether there are any transactions with wrong direction guesses to meet the conditions for obtaining a free Moonlight Box.
At the same time, please make sure you have no unused Moonlight Box, because a user can only have one Moonlight Box at the same time
Click the “Claim Now” button to claim your Moonlight Box.
After claiming, the Moonlight Box will be minted within 3–5 minutes and sent directly to your wallet. Free minting, no gas fee