Testnet Tutorial (Based on NEAR)

Step 1:

Click the link:https://demo.crafting.finance/

Step 2:

Log in your NEAR wallet

Don’t know how to create a NEAR wallet?

Check this:https://link.medium.com/9koby6J3fnb 👀

How to Forge?

Collect Collateral Asset and fill in the quantity

Enter the Leverage ratio you want and select the synthetic asset in the corresponding Token

Join the debt pool: Assets added to the debt pool will not be able to withdraw.

Joining a debt pool may result in a loss. Please handle with caution.

What is Forge？

The essence of this feature is pledging and lending.

Digital asset pledges are forged into rToken.

How to Swap on Kingsman?

Collect your rBTC/rETH/rNEAR to Any rToken you want to Swap

Kind notice: Every swap will charge a 0.3% transaction fee

Function Introduction

The Forge

Forging synthetic assets, including the Raft include rBTC, rETH, rNEAR, rAURORA, etc., and the RaftStable rUSD.

Realize the debt pool function: When a user newly generates or destroys rUSD, the debt ratio is re-determined, and the user’s profit is calculated based on the change in asset prices.

The Kingsman

Trading one synthetic asset for another kind is supported in the Forge. Allow users to choose whether join the SDP.

2) Realize the function of the fee pool: transaction fees are included in the fee pool to complete the benefit distribution of CRF users.
3) Realize the trading function on the Web end, allowing users to trade various s freely.

It is convenient for users to stake CRF or NEAR to mint rUSD and destroy rUSD. Allow users to view the debt ratio, total system debt, the balance of personal synthetic assets, rewards income, etc.