Getting Started

Learn how to connect your wallet, make your first deposit, and start earning with RIP Protocol vaults.

Prerequisites

Before you begin, make sure you have:

• A Web3 wallet (MetaMask, Rainbow, Coinbase Wallet, or WalletConnect-compatible)

• WHYPE tokens (for rHYPURR deposits)

• Sufficient HyperEVM network gas (HYPE) for transactions

• Basic understanding of DeFi concepts

Step-by-Step Guide

1. Connect Your Wallet

Navigate to the RIP app and click the "Connect Wallet" button in the top right.

1. Select your preferred wallet provider from the list

2. Approve the connection request in your wallet

3. Ensure you're connected to the HyperEVM network

4. Your wallet address will appear in the top right when connected

First Time on HyperEVM?

You may need to add the HyperEVM network to your wallet. Most wallets will prompt you automatically, or you can add it manually using the network details from the HyperEVM documentation.

2. Choose a Vault

From the dashboard, select the vault strategy that matches your investment goals:

• rHYPURR — NFT-backed strategy with exposure to Hypurr NFT ecosystem

• More vaults coming soon

Each vault has different risk profiles, strategies, and backing assets. Review the vault documentation before depositing.

3. Make a Deposit

On the vault page, click the "Deposit" button and follow these steps:

1. Enter Amount: Specify how much WHYPE you want to deposit

2. Approve Token: First-time users must approve the vault to spend WHYPE (one-time transaction)

3. Submit Request: Confirm the deposit transaction in your wallet

4. Wait for Processing: Your request will be processed after the next NAV update (typically within 1-2 hours)

Important Notes:

• Deposits are asynchronous — shares are minted after the next NAV update

• You'll receive shares based on the NAV at the time of your request

• A small deposit fee applies (check vault specifications)

4. Track Your Position

Once your deposit is processed, you can monitor your vault position:

• View your share balance and current NAV value

• Track vault performance over time

• See pending requests in the "Pending Requests" section

• Monitor NAV updates and epoch information

Vault shares are ERC-20 tokens visible in your wallet. You can also use them in other DeFi protocols (though we recommend holding them to benefit from the vault strategy).

5. Redeem When Ready

To exit your position, click the "Redeem" button:

1. Enter Shares: Specify how many vault shares you want to redeem

2. Submit Request: Confirm the redemption transaction

3. Wait for Processing: Redemptions are processed after deposits following each NAV update

4. Receive Assets: WHYPE is automatically sent to your wallet once processed

Redemption Notes:

• Redemptions may take 1-2 hours to process

• In rare cases of low liquidity, redemptions may be partially fulfilled

• A small redemption fee applies (check vault specifications)

Understanding Processing Times

Why Asynchronous?

RIP vaults use time-delayed processing to ensure fairness and security:

• Prevents front-running and price manipulation

• Ensures fair NAV-based pricing for all users

• Allows vault manager time to rebalance

• Protects against liquidity shocks

Processing Timeline

• Submit request: Immediate

• NAV calculated: Hourly

• Deposits processed: Right after NAV calculation

• Redemptions processed: After deposits complete

Safety Tips

Do Your Research

• Read the vault documentation thoroughly

• Understand the investment strategy and risks

• Check current NAV, fees, and performance metrics

• Review smart contract addresses

Start Small

• Make a small test deposit first

• Verify the process works as expected

• Gradually increase position size as you gain confidence

Monitor Your Position

• Check vault performance regularly

• Watch for NAV updates and confidence scores

• Stay informed about protocol announcements

• Keep track of your cost basis for tax purposes

Security Best Practices

• Never share your private keys or seed phrase

• Use hardware wallets for large positions

• Verify you're on the correct website URL

• Be cautious of phishing attempts

Ready to Get Started?

Open rHYPURR Vault | Learn More About rHYPURR