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  1. Overview

Getting Started

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Last updated 4 months ago

Testnet

Our contracts are currently deployed on the Sepolia testnet and are open for public testing.

To get started, grab your test BTC & ETH tokens from our faucets with a simple click, as explained in the video below.

Once you have your underlying tokens, you are now ready to interact with our platform @ web.riskprotocol.io.

High level Guide

  1. Connect Your Wallet

    • Open the TRP Dapp.

    • Click the Connect Wallet button located at the top-right of the interface.

    • Choose your preferred wallet provider (e.g., MetaMask) and ensure that you are connected to the Sepolia Testnet.

    • Once connected, your wallet address will be displayed on the interface.

  2. Split Your Underlying Token into Risk On/Off

    • After connecting your wallet, navigate to the Split Modal.

    • Select the amount of underlying tokens (BTC/ETH) you want to split.

    • You can choose to split into:

      • RiskON/RiskOFF: This is the default selection. In return for 1 unit of the underlying cryptocurrency, you receive 1 unit of RiskON and 1 unit of RiskOFF. Choose which token you want to keep and swap out of the other.

      • RiskON Only: This operation will first split the underlying cryptocurrency into RiskON & RiskOFF. It will then swap out of the RiskOFF for additional RiskON. This happens seamlessly in one transaction for the user.

      • RiskOFF Only: This operation will first split the underlying cryptocurrency into RiskON & RiskOFF. It will then swap out of the RiskON for additional RiskOFF. This happens seamlessly in one transaction for the user.

    • Once you've decided, approve and confirm the transaction in your wallet.

  3. Swap

    • Swap between underlying and RiskON/RiskOFF. SWAP function currently uses 3 asset Balancer pools. In future, SWAP functionality will be extended to include all major tokens found on DEXes.

  4. Redeem

    • You will need equal amounts of RiskON & RiskOFF to redeem your collateral. Similar to Split there's one to one equivalency. Burning 1 unit of RiskON & 1 unit of RiskOFF will allow you to redeem 1 unit of the underlying cryptocurrency.

  5. View Token Balances

    • After splitting, you will see your balances for both Risk On and Risk Off tokens displayed on the top right when you click on the "Connect Wallet" button.

    • Each token represents a specific exposure to the risk-return profiles.