Testnet Guide

Tokenize yield on Pulse with strikeADA

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

  1. Join the Pulse Discord.

  2. Request strikeADA for preprod.

  3. Confirm the tokens arrive in your wallet.

Step 2. Connect your wallet

  1. Open the Pulse app.

  2. Switch your wallet network to preprod.

  3. Connect your wallet.

Step 3. Convert to SY tokens

  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

  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

  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

  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

  • 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)

PreviousWelcomeNextMore Resources

Last updated