🟣Circle Mint Users

Learn how to use your Circle Mint account with OpenTrade

Summary

• Circle Mint users can make investments in OpenTrade from their Circle Mint account

• Circle Mint users can be repaid into their Circle Mint Account

• Circle Mint cannot connect to smart-contracts or hold any token other than USDC/EURC, so you need to have another wallet that can connect to our Web Application and hold vault tokens.

• This wallet will not hold any funds - it is simply used to log into OpenTrade, hold vault tokens (which have no monetary value), and request withdrawals. All funds will be sent from your Circle Mint account and repaid to your Circle Mint Account.

Getting Started

Follow the steps below to get ready to use your Circle Mint account with OpenTrade.

1) Sign up for a wallet that can connect to OpenTrade

This wallet is how you log into the OpenTrade Web App. We support any WalletConnect compatible wallet. For this use case, we recommend Metamask because it is simple and reliable but you can use any supported wallet.

No funds will ever move through this wallet. For investments, USDC/EURC will be sent from your Circle Mint account. For withdrawals, USDC/EURC will be sent to your Circle Mint account.

This wallet will only be used to:

1. Log in to the Web App to view balances, run reports, and request withdrawals

2. Hold vault tokens

Vault tokens do not confer any rights or hold any value. If you lose them or lose access to your wallet, your funds are safe. There is a manual recovery process for vault tokens.

2) Provide OpenTrade with your MetaMask wallet address

This is so we can whitelist you and provide you access to the vaults.

3) Provide OpenTrade with your Circle Mint wallet address

This is where funds will be repaid.

This Circle Mint wallet address must be able to receive USDC on Ethereum or Avalanche. If you provide an address on the wrong network, your funds will be lost. We will perform a penny test to confirm.

4) Whitelist OpenTrade’s USDC address in your Circle Mint Account.

This is where you will send funds to make investments.

We will provide you with the address on a video call. You will need to whitelist this in your Circle Mint "Address Book". We will perform a penny test to ensure you have the correct address.

IMPORTANT: Only send USDC on ETH or AVALANCHE to this address. Sending any other token and/or on any other network will result in your funds being lost. We will perform a penny test to confirm.

Making an Investment

1. Navigate to your Circle Mint Account

2. Click “Transfer”

3. Select “Main USDC Wallet”

4. Click “Send On-Chain”

5. Select OpenTrade’s USDC Wallet Address from your Address Book

6. Input the amount you’d like to invest

7. Approve the transfer

8. Confirm [via Slack or Email - preferred communication method to be confirmed with your account manager] 1) the amount invested 2) the vault you would like the funds allocated to 3) share a link to the transaction on Etherscan or Snowtrace (this is available by clicking on the transaction in your Circle Mint Account). This is to help us reconcile the transaction and assign it to you. It is not mandatory but it helps us credit your account much faster.

9. Once USDC has been received, vault tokens will be minted to your Metamask wallet and your balance on the platform will be updated.

Making a Withdrawal

1. Select the blockchain network you want to access the vault on

2. Connect your whitelisted wallet to the OpenTrade app

3. Select the vault you would like to withdraw from

4. Click "Withdraw"

5. Input the amount you'd like to withdraw

6. Click "Submit Withdrawal Request"

7. Approve in your wallet

8. After the Withdrawal Processing Time, USDC will be sent back to your Circle Mint wallet address and the corresponding amount of tokens will be burned.