Siprifi

Quick Start

Get started with Siprifi in just a few steps. This guide will walk you through connecting your wallet and making your first trade.

Prerequisites

  • A Web3 wallet (MetaMask, WalletConnect, etc.)
  • ETH for gas fees and trading
  • Basic understanding of prediction markets

Step 1: Connect Your Wallet

Visit the Siprifi app and click the Connect Wallet button in the top right corner. Select your preferred wallet provider and approve the connection.

Step 2: Explore Markets

Navigate to the Markets tab to browse available CDS markets. Each market represents a credit event with:

  • Event description
  • Maturity date
  • Current protection coverage
  • Market status (Active, Maturity Reached, Resolved)

Step 3: Buy Protection (YES Tokens)

To buy protection on a credit event:

  • Click on a market card to view details
  • Click Buy Protection
  • Confirm the transaction (0.1 ETH per YES token)
  • Your YES tokens will appear in your Portfolio
Each YES token costs exactly 0.1 ETH. If you want to buy more protection, you can make multiple purchases.

Step 4: Create a Market (Optional)

Anyone can create a new CDS market:

  • Click Create Market in the Markets tab
  • Enter an event name (e.g., "Company XYZ Default")
  • Set the maturity date
  • Deposit ETH as initial collateral
  • Confirm the transaction

Market Creator Responsibilities

As a market creator, you are responsible for resolving the market after maturity. You will receive NO tokens proportional to your collateral, which can be claimed if the event does not occur.

Step 5: Claim Winnings

Once a market is resolved:

  • If YES wins (event occurred): YES token holders can claim the collateral
  • If NO wins (event did not occur): NO token holders can claim the collateral
Tip: Check the Portfolio tab to see all your positions and track your P&L across markets.

Next Steps

Now that you understand the basics, explore more advanced features: