# Public Testnet Guide

### Tokenize yield on Pulse with strikeADA <a href="#tokenize-yield-on-pulse-with-strikeada" id="tokenize-yield-on-pulse-with-strikeada"></a>

**Prerequisites**

* Cardano wallet connected to **preprod** testnet
* Access to the Pulse app on **preprod**
* Test tokens: request **strikeADA** in the Pulse Discord

***

#### Step 1. Get testnet tokens <a href="#step-1.-get-testnet-tokens" id="step-1.-get-testnet-tokens"></a>

1. Join the Pulse Discord.
2. Request **strikeADA** for preprod.
3. Confirm the tokens arrive in your wallet.

#### Step 2. Connect your wallet <a href="#step-2.-connect-your-wallet" id="step-2.-connect-your-wallet"></a>

1. Open the Pulse app.
2. Switch your wallet network to **preprod**.
3. Connect your wallet.

#### Step 3. Convert to SY tokens <a href="#step-3.-convert-to-sy-tokens" id="step-3.-convert-to-sy-tokens"></a>

1. Click **SY Converter**, and choose **Wrap SY**.
2. Select **strikeADA** as the input.
3. Choose the amount to convert.
4. Submit the order.
5. Wait for the order to settle. You will receive **SY strikeADA**.

**Note:** SY means the yield is standardized so it can be split into principal and yield parts.

#### Step 4. Split SY into PT and YT <a href="#step-4.-split-sy-into-pt-and-yt" id="step-4.-split-sy-into-pt-and-yt"></a>

1. Click **Split/Merge**, and choose **Split SY**.
2. Select your **SY strikeADA** balance.
3. Enter the amount to split.
4. Submit the order.
5. Wait for settlement. You will receive equal amounts of:
   * **PT strikeADA** (Principal Tokens)
   * **YT strikeADA** (Yield Tokens)

#### Step 5. Sell your YT for upfront value <a href="#step-5.-sell-your-yt-for-upfront-value" id="step-5.-sell-your-yt-for-upfront-value"></a>

1. Click **Trade YT**, and choose **Sell YT**.
2. Choose the amount of **YT strikeADA** to sell.
3. Review the quoted price and size.
4. Submit the trade.
5. After settlement you receive **SY strikeADA** as payment.

#### Step 6. Convert back to strikeADA <a href="#step-6.-convert-back-to-strikeada" id="step-6.-convert-back-to-strikeada"></a>

1. Return to **SY Converter**, and choose **Unwrap SY**.
2. Convert your **SY strikeADA** back to **strikeADA** if you want base tokens.
3. Wait for settlement and confirm your wallet balance.

***

#### What you accomplished <a href="#what-you-accomplished" id="what-you-accomplished"></a>

* You tokenized your **strikeADA** position into **PT** and **YT**.
* You sold the future yield by selling **YT**, and received upfront value in **SY strikeADA** that you could convert to **strikeADA**.
* The buyer now holds **YT strikeADA** and can redeem the future yield at maturity. You keep the **PT strikeADA**, which represents the principal at maturity.

***

**Tips**

* If an order is pending, refresh the portfolio view after a short wait.
* Make sure your wallet is on **preprod** or transactions will fail.
* Keep some test ADA for fees (you can get testnet ADA using <https://docs.cardano.org/cardano-testnets/tools/faucet>, rememer to select **Preprod Testnet**)&#x20;


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