Parasset Public Beta Tutorial
- Open the following URL in Chrome. (official website: www.parasset.top, choose Ethereum Main network)
2. Dapp needs to be authorized by MetaMask for the very first time.
3. Home page — Users can check Total Value of Collateral Assets, Total Value of Parassets, and Total Value of Insurance Pool.
4. Mint page — User can deposit ETH/NEST to mint PUSD; or deposit NEST to mint PUSD/PETH. (advice to use NEST for testing and ETH as gas fee)
5. Debt Position — Display the Deposited Underlying Assets, Minted Parassets, Stability Fee, Collateral Ratio, Liquidation Price, Status, Action, etc.
6. For instance — using 1000NEST to mint 20PUSD.
7. Gas fee payment confirmation.
8. After the mintage, users will be able to see Deposited Underlying Assets, Minted Parassets, and Collateral Ratio in the Debt Position;
9. Repay the debt (Users can use the Fast Minting function in Insurance Pool, swap USDT for PUSD, as the payment for Stability Fee)
10. Redeem the collateral assets and pay the Gas fee
11. Fast Minting — for example swap USDT for 100PUSD, authorize and pay the Gas fee.
12. Deposit ETH/PETH or USDT/PUSD into the Insurance Pool, the Profit and Loss from liquidations will flow into the Insurance Pool and be distributed based on the shares.
13. Redeem from Insurance Pool — users can Redeem their deposited assets. (same as the ones they deposited)
14. When redemption is available, authorize and pay the Gas fee.
15. Wait a moment and the redeemed assets will be returned to your MetaMask wallet~
