Overlay Protocol ($OV) Token Airdrop Information
Overlay Protocol ($OV) is a liquidity layer that allows trading illiquid assets without traditional counterparties. It allows users to trade all types of assets, including those with little or no liquidity. The testnet airdrop for Overlay Protocol ($OV) has just begun! This means mainnet and airdrops could be launching soon! The following is the Overlay Protocol ($OV) token airdrop guide.
Check out our step-by-step guide!
What is the Overlay Protocol ($OV)?
overlay protocol A liquidity layer that solves the problem of trading illiquid assets. Some key features of the overlay protocol are:
- sponsor: Overlay Protocol has received support from renowned investors including Polychain Capital, 1kx, ParaFi, Metacartel Ventures, and The LAO.
- Product-Market Fit: The Overlay Protocol fills a significant gap by enabling trading in illiquid markets. It allows users to create markets for a variety of scalar data, including unconventional assets such as trading cards, rare sneakers, Elon Musk tweets, and video game items. Overlay pioneers previously unimaginable asset discovery within existing markets.
- Trading and Liquidity Incentives: The Overlay Protocol incentivizes trading and liquidity, providing a customized toolbox for traders and market participants. Its focus extends beyond trading to helping users create markets tailored to their preferences.
How to receive the Overlay Protocol ($OV) token airdrop
necessary time: 1 hours
- Connect to testnet
Connect your wallet to the Overlay Protocol ($OV) testnet. Make sure you are in the Arbitrum Sepalia network.
- Testnet token claim
Arbitrum Sepolia Testnet Click on the top bar to request ETH and test token OVL. You will receive 0.003 testnet ETH and 50 testnet OVL. A website can only request a testnet token once. However, you can request an additional 100 testnet OVL and 0.0069 testnet ETH in the #get-ovl channel on Discord by entering “/faucet” and the Arbitrum address you will use to interact with the testnet.
- Get a Discord role
After requesting additional testnet tokens on Discord, go to #claim-ovl and you will automatically be granted the OVL test token holder role on Discord.
- Transactions on the Overlay Protocol testnet
Go to https://app.overlay.market/#/markets and select the market you want to take a long or short position on. Select “Long” or “Short” and leverage. Then click “Authorize OV” and approve your wallet’s spending limit. Then click “Build” to open a position.
- Monitor your location
Monitor your location constantly. Liquidate your position if the market is trading the same way as your position.
- Complete more successful transactions to earn more points.
We recommend visiting daily to open more positions. This is because you will receive points for successful transactions. Point scores are updated every Thursday at 0:00 UTC.
- Check your Purrps Points score
You can check your Purrps Points score on the leaderboard. here.
