Step by step guide
Last updated
Last updated
On starting menu switch to Arbitrum network.
Select Discover dApps and select CreDA dApp. You successfully logged in creda.app. You can continue with Step 2.
Click on the Account button
Go to Settings
Click on Networks
Click on Add Network
Fill in the details as below then “Save”
Network：Arbitrum One
New RPC URL：https://arb1.arbitrum.io/rpc
Chain ID：42161
Currency Symbol：ETH
Block Explorer URL：https://explorer.arbitrum.io
Before you head to the next step, make sure your wallet is connected to the Arbitrum network.
If your token is not listed automatically, you may add the tokens manually. Within the MetaMask wallet, you have "Assets" and "Activity" sheets. Make sure you are on the "Assets" sheet - scroll down till you see "Import tokens" - select it - paste contract address in "Token Contract Address" and confirm.
After successfully adding network and CREDA token, visit the next link:
You can toggle between Light and Dark mode. Before you continue, make sure you bridged some ETH to Arbitrum AETH, as you will need to pay for gas fees. We recommend at least 0.03 AETH as the initial balance.
The very first time you need to manually SYNC your wallet, so Credit oracle calculates your Credit Score. After that, the system will auto-sync your credit score every 24h.
Wait a few moments and you'll see your credit score along with the count-down timer till the next credit score auto-sync.
To be able to mint cNFT, your credit score needs to be above 50!
On the Profile tab on the right, click “Approve”. Pay attention to confirm tx as it will appear on your MetaMask.
Once you have 1 CREDA on your wallet balance, click “Mint” to mint the cNFT.
After a successful transaction, you will see your cNFT: - Level 1 is only possible at the moment. - Number (NO.) that is unique and belongs to your wallet
After successful credit score sync and cNFT mint, you got dropped some CREDA in locked status based on your Credit Score. The higher the credit score, the larger the CREDA locked balance.
Once you CLAIM your locked balance, continue with the unlocking process below.
If you received also an Invitation From Credit Network, JOIN and check more here about.
At the moment there are 2 ways you minted your unlocked CREDA on balance:
As a new user or as a direct result of the new (higher) Credit Score
Staking rewards from C pools
In both cases, minted CREDA is locked CREDA. To start the unlocking process, follow the next steps.
After successful credit score sync, you got dropped free CREDA in locked status based on your Credit Score. The user receives a 10% drop from the calculated Credit Score without minted cNFT or 14% if you minted also cNFT.
Go to Vault and CLAIM free (locked) CREDA
Once you CLAIM your locked CREDA balance will show in the 'locked amount'.
Click “Get LP” to provide the CREDA liquidity on SushiSwap (Arbitrum).
Swap some of your AETH or any other asset you have for desired CREDA token balance that you would like to use for adding liquidity as next step.
Provide CREDA/USDT liquidity on SushiSwap (Arbitrum)
After confirming the liquidity, you will see a confirmation page as below.
You may first be asked by SushiSwap to approve the contract. Please approve this request and then “Confirm Supply”
After providing the USDT-CREDA liquidity, you will receive USDT-CREDA Pool tokens (SLP) in your wallet.
Click on “Approve” and then “Stake” to stake CREDA/USDT LP.
Providing CREDA/USDT liquidity gradually releases, or “unlocks”, your CREDA.
You will find the amount of unlocked CREDA as shown below.
When you unlock your CREDA balance, CLAIM.
go to My Bank section and determine which currency pool and DeFi platform you would like to mine. Examples may include USDT or USDC.
Click “Approve” and then “Deposit” to deposit on your selected currency.
All approval and deposits should be done through "My Bank" and not directly on Earn section!
Once you successfully deposited assets in My Bank, visit Vault page and click “Approve”, then select “Stake” in one of the available pools;
Users receive locked CREDA rewards via these mining pools.
Refer to the steps in “unlock the CREDA token” if you want to unlock it.
