Testnet Guide
Here is a brief overview of using our V2 protocol.
Features
Decentralized - 5 Guardians verifying transactions via a multi-sig scheme.
Accessibility - mint from any Bitcoin wallet, including directly from Binance, Kraken, Coinbase, etc.
User-friendly - seamless minting and redeeming experience.
Overview
Use the preprod testnet on Cardano. We recommend Nami or Eternl.
Setup a Bitcoin testnet wallet. Use the Bitcoin V3 testnet.
Minting Guide (BTC -> cBTC)
Input the amount of cBTC you want to mint. Make sure you have the amount available in your Bitcoin wallet.
The interface will prompt you to sign a transaction of about 50 ADA. You will get this back upon successful mint.
The interface will then prompt you to send the amount of BTC to the Guardians' multi sig vault.
Confirm you have sent the transaction.
This will then show up in the Transactions tab. You can use the tx ID for support if needed by creating a ticket on Discord. Your cBTC should be sent to your wallet in about 20 minutes.
Redeeming Guide (cBTC -> BTC)
Redeeming is a bit simpler than minting. First, make sure you have enough cBTC to redeem for BTC. Of course, you won't be able to redeem BTC if you don't have enough cBTC. Enter the BTC destination address, which is your Bitcoin wallet address.
Confirm the Cardano transaction, which will send the cBTC back to the Guardians and they will send your BTC to your specified address. You can track the status of this transaction in your Transactions tab.
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