How to integrate RSK Finance dApps in your Wallet
How-To-Do Guide
Index
1.
Introduction
2.
RSK integration
3.
Swaps/Dexes/Atomic Swaps
4.
5.
3.1.
CoinSwitch API
3.2.
Liquid API
DeFi Protocols Integration
4.1.
Money on Chain
4.2.
RIF on Chain
Technical Support
How to integrate RSK Finance dApps in your Wallet
How-To-Do Guide
1. Introduction
If you are a wallet aiming to be fully integrated with RSK Dapps, this how-to-do guide is a must
to understand and get deeper into this amazing technology.
As you know, RSK is the first general purpose smart contract platform on top of the Bitcoin
Network. Bitcoin and RSK ’s technology are conquering new heights. It is only natural that more
and more bitcoiners worldwide are starting to put to work their bitcoins and other
cryptocurrencies as a form of generating passive income and/or trading their balances.
Here we explain to you how to integrate on RSK and third parties Finance dApps built on RSK
network.
2. RSK integration
Step 1: Install a node
RSK nodes can be installed on all major platforms, including Linux, Windows, and Mac. Here a
guide about how to Install a node.
Step 2: Create a Wallet
The RSK network is account-based and incorporates an optional blockchain identifier, also
known as chain-id.
About addresses
Create a Wallet
Step 3: Get R-BTC
The Smart Bitcoin (R-BTC) is the token used to pay for the execution of transactions in RSK.
Test R-BTC
Buy R-BTC
Step 4: Connect your app
How to integrate RSK Finance dApps in your Wallet
How-To-Do Guide
Smart contracts for RSK are written using Solidity and are fully compatible with Ethereum Smart
Contracts, so you can migrate your existing Ethereum Smart Contract to RSK Smart without
making any changes.
Port Ethereum dApps
More Tutorials
3. Swaps/Dexes/Atomic Swaps
Once solved the RSK Integration on your Wallet, you need to integrate a swap component
aiming users to convert BTC into RBTC, and/or into any RSK Token.
3.1 Swaps of Bitcoin and RSK
3.1.1 CoinSwitch API
Coinswitch API will allow wallet users to convert BTC into RBTC and/or DOC, or vice versa.
Here the documentation: https://developer.coinswitch.co/
3.1.2 Liquid API
Liquid API will allow wallet users to convert BTC into RBTC and/or RIF, or vice versa.
Here the documentation: https://docs.partners.liquid.com/
3.2 Swaps of RSK tokens
3.2.1 TeX API
TeX is the decentralized exchange of Money on Chain. This DeX will allow wallet users to swap
between RBTC, DOC, BPRO, RDOC, RIFP, POC, DAR.
Here the documentation: TBC
4. DeFi Protocols Integration
4.1 Money on Chain
How to integrate RSK Finance dApps in your Wallet
How-To-Do Guide
Money on Chain Protocol is a suite of DeFi components, allowing bitcoiners to do more with
their bitcoins on RSK. Money on Chain has 3 different finance tools:
Dollar on Chain (DOC) is a token pegged to the USD Dollar. Characteristics:
• The peg is guaranteed by the smart contract and DOCs are redeemable for smart bitcoins
• Can be transferred freely
• Can be stored in your hardware wallet
• Every 30 days every single DOC can be redeemed against the smart contract (settlement
date)
• Outside the settlement date DOC can be exchanged in our decentralized exchange or be
redeemed against the smart contract paying s redemption rate (it varies with market conditions,
but will be typically less than 1%)
Bitpro (BPRO), is a token that retains the Bitcoin’s volatility, suitable for risk-propense Bitcoin
holders seeking a passive income in BTC. Characteristics:
• It earns a passive income in smart bitcoins
• It earns part of the MOC protocol fee
• A minimum of 10% of MOC tokens will be distributed to BPRO holders
• When the price of BTC goes up it will go up a little more, so it will beat BTC on the next bull
run to the moon.
• Can be stored in your hardware wallet
• BitPro can be exchanged in TeX decentralized exchange or redeemed for smart bitcoins
against the smart contract.
BTCX is a leveraged decentralized long position on the price of Bitcoin (BTCX). Characteristics:
• It is a LONG leveraged position on the price of Bitcoin.
• If you did not understand the line above this token is not for you and you are probably going to
lose your tokens if you buy it.
• The X specifies the leverage of the token
• Leverage can vary with the price of BTC but is fixed once you buy it.
• Leverage is reseted to X every 30 days when the contract expires
• Cost of leverage is fixed and paid when you buy the token but if you redeem your BTCX before
the settlement date a proportional of the interest paid is returned to you
• There is no margin call and you can be liquidated when the price of bitcoin goes down.
• If you did not understand at least one line above this one, this token is not for you and you are
probably going to lose your tokens.
Here the documentation:
https://github.com/money-on-chain/main-RBTC-contract/blob/master/integration-to-MOC-platfor
m.md
How to integrate RSK Finance dApps in your Wallet
How-To-Do Guide
4.2 RIF on Chain
RIF on Chain Protocol is a suite of DeFi components, allowing RIF holders to do more with their
RIF tokens. RIF on Chain has 3 different finance tools:
RIF Dollar(RDOC) is a token pegged to the USD Dollar. Characteristics:
• The peg is guaranteed by the smart contract and DOCs are redeemable for RIF
• Can be transferred freely
• Can be stored in your hardware wallet
• Every 30 days every single RDOC can be redeemed against the smart contract (settlement
date)
• Outside the settlement date RDOC can be exchanged in our decentralized exchange or be
redeemed against the smart contract paying s redemption rate (it varies with market conditions,
but will be typically less than 1%)
RIF pro (RIFP), is a token that retains the Bitcoin’s volatility, suitable for risk-propense Bitcoin
holders seeking a passive income in RIF. Characteristics:
• It earns a passive income in smart bitcoins
• It earns part of the MOC protocol fee
• A minimum of 10% of MOC tokens will be distributed to RPRO holders
• When the price of RIF goes up it will go up a little more, so it will beat RIF on the next bull run
to the moon.
• Can be stored in your hardware wallet
• RIFPro can be exchanged in TeX decentralized exchange or redeemed for smart bitcoins
against the smart contract.
RIFX is a leveraged decentralized long position on the price of RIF (RIFX). Characteristics:
• It is a LONG leveraged position on the price of RIF.
• If you did not understand the line above this token is not for you and you are probably going to
lose your tokens if you buy it.
• The X specifies the leverage of the token
• Leverage can vary with the price of RIF but is fixed once you buy it.
• Leverage is reseted to X every 30 days when the contract expires
• Cost of leverage is fixed and paid when you buy the token but if you redeem your RIFX before
the settlement date a proportional of the interest paid is returned to you
• There is no margin call and you can be liquidated when the price of bitcoin goes down.
Here the documentation:
https://github.com/money-on-chain/RDOC-Contract/blob/master/integration.md
How to integrate RSK Finance dApps in your Wallet
How-To-Do Guide
5. Technical Support
RSK Integration
Gitter Chat: https://gitter.im/rsksmart
Email: [email protected]
CoinSwitch Integration
[email protected]
Liquid Integration
[email protected]
Money on Chain Integration & RIF on Chain Integration
[email protected]
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