Getting Started

This guide helps you get started with Milopt as a trader.

For Traders

Trade options directly from the web interface.

Prerequisites

• Solana wallet (Phantom, Solflare, Backpack, etc.)

• SOL for transaction fees (~0.01 SOL recommended)

• USDC for premiums and strike payments

Quick Start

1. Visit the Milopt App

   https://milopt.com

   (Use devnet URL during beta testing)

2. Connect Your Wallet

   • Click "Connect Wallet" in the top right

   • Select your wallet provider

   • Approve the connection

3. Get Test Tokens (Devnet Only)

   • Visit the Milopt faucet

   • Request SOL and USDC

   • Wait for confirmation (~1 second)

4. Create Your First Option

   Step 1: Select Asset

   • Choose from SOL, WBTC, or other supported assets

   Step 2: Choose Direction

   • CALL (Go Up) - Profit if price rises above strike

   • PUT (Go Down) - Profit if price falls below strike

   Step 3: Set Parameters

   • Strike Price - The price at which you can exercise

   • Amount - How much of the asset (e.g., 1 SOL)

   • Expiry - When the option expires (1-30 days)

   Step 4: Review Quotes

   • Wait for market makers to respond (~200ms)

   • Compare premiums from different MMs

   • Select the best quote (lowest premium)

   Step 5: Confirm Transaction

   • Review details in wallet popup

   • Sign the transaction

   • Wait for confirmation

5. View Your Options

   • Navigate to "My Options" page

   • See all active options with current P&L

   • Exercise profitable options before expiry

6. Exercise an Option

   • Click "Exercise" on an in-the-money option

   • Confirm you have enough USDC for strike (CALL) or asset (PUT)

   • Sign the exercise transaction

   • Receive your assets immediately

Example Trade

Scenario: You're bullish on SOL, currently at $140.

1. Create SOL-CALL option:

   • Strike: $150

   • Amount: 1 SOL

   • Expiry: 7 days

   • Premium paid: ~7.50 USDC (5% of strike)

2. SOL price rises to $180:

   • Your option is $30 in-the-money

   • Exercise to buy 1 SOL at $150 (worth $180)

   • Pay strike: 150 USDC

   • Receive: 1 SOL

   • Net profit: $30 - $7.50 premium = $22.50

3. SOL price stays below $150:

   • Option expires worthless

   • Max loss: 7.50 USDC premium

Network Information

Devnet

Resource	Value
RPC URL	https://api.devnet.solana.com
WebSocket	wss://api.devnet.solana.com
Explorer	https://explorer.solana.com/?cluster=devnet

Mainnet (Coming Soon)

Resource	Value
RPC URL	https://api.mainnet-beta.solana.com
WebSocket	wss://api.mainnet-beta.solana.com
Explorer	https://explorer.solana.com/

Support

• Documentation Issues: GitHub Issues

• Protocol Questions: See Protocol section

• SDK Questions: See SDK section

Next Steps

• Traders: Start with small test trades on devnet

• Developers: Read Protocol Documentation

• Market Makers: Review SDK Reference