User Guides

Getting Started with Tapir:

Buying DP(Depeg Protected) assets

becoming protected against depegs

  • Automatic

    • Go to the trading view of your desired asset

    • Select DP version of the given asset and press buy This will go through all the steps explained in the "Manual" buying mode described below

  • Manual

    • Go to the split view of your desired asset

    • Split the desired amount of tokens, you will receive DP + YB tokens.

    • Go to the LP view of the given asset

    • Swap YB tokens for DP tokens, now your full position is depeg protected

  • Note

    • Manual mode is advantageous only if you believe that swap price will be better in the future, or want to swap the YB asset using limit order

Buying YB(Yield Boosted) assets

selling protection against depegs & earning additional yield

  • Automatic

    • Go to the trading view of your desired asset

    • Select YB version of the given asset and press buy This will go through all the steps explained in the "Manual" buying mode described below

  • Manual

    • Go to the split view of your desired asset

    • Split the desired amount of tokens, you will receive DP + YB tokens

    • Go to the LP view of the given asset

    • Swap DP tokens for YB tokens, now your full position is yield boosted, earning additional yield and providing depeg protection

  • Note

    • Manual mode is advantageous only if you believe that swap price will be better in the future, or want to swap the DP asset using limit order

Providing Liquidity

earning trading fees from users buying & selling depeg protection

  • Steps

    • Go to the split view of your desired asset

    • Split the desired amount of tokens, you will receive DP + YB tokens

    • Go to the LP view of the given asset

    • Click on "Provide Liquidity" button, now you are earning additional yield from every depeg pool swap

  • Note

    • Note that if pool becomes unbalanced and a depeg event occurs, you can experience some loss, usually much smaller (strictly smaller) than if holding YB assets only. In most cases this loss will be equivalent to just holding the underlying asset without the protection. In rare cases it could be closer to holding YB assets

Advanced Strategies:

  • Arbitrage: Profit from mispricing between Depeg Protected Asset/Yield Boosted Asset and Principal Token/Yield Token markets

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