Using the app

This version of the 2-Way Peg App takes advantage of the new features introduced in the Rootstock Iris network upgrade, allowing users to select the RSK account where they want to receive the funds. Additionally, users can check the status of their peg-in transactions within the app, making it easy to have an estimate of the time remaining until the funds are credited to the RSK account.

Future versions of the 2-way peg app will include support for software wallets and fast BTC-RBTC conversions (using the Flyover protocol), among other things.

Please be aware that this is a beta release and your feedback is welcome, you can drop a message on the RSK Open Slack.

Peg In

The great thing about this app is it’s easy enough for anyone to use. Here’s what you can expect:

Go to the Peg In page. You’ll need to connect a hardware wallet. Right now Ledger and Trezor are supported but more wallet support, including software wallets, is coming soon. Metamask and Wallet Connect can be connected to your RBTC receiving address.

The app guides you through the entire peg-in process using one unified interface. Simply input the required fields when prompted.

Choose your RSK destination address. The latest enhancements to the RSK network allow you to choose any RSK address to receive RBTC, instead of requiring you to use the BTC-derived wallet address. Select Metamask or WalletConnect to copy your RSK address to the form, or enter the address manually.

Check the status of your transaction for the first time. Input your Bitcoin transaction ID and you’ll be able to view how many confirmations are pending before your transaction is approved, as well as the estimated waiting time.

Get the full article published by IOVLabs "Getting RBTC just got even easier. Introducing the new RSK 2-way Peg App!".

Peg Out

The Peg Out process is as easy as the Peg In. Go to the 2way Peg App and connect your wallet.

Select the wallet of your choice and sign the message. More options will be available soon.

The app guides you through the entire peg-out process using one unified interface. Input the required fields when prompted.

Have in mind to check the Bitcoin on-chain fees. The 2way Peg app is meant for big amounts. The minimum accepted value is rBTC 0.004.

There's a method (getEstimatedFeesForNextPegOutEvent) to estimate peg-out fees on Rootstock's Github .

Otherwise, you can check it when you fill out the peg-out form.

You can check the Bitcoin destination address although this is optional. Then click Send and check the status of the transaction.

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