Use the app
What you click on Protect, Underwrite, and Dashboard.
Open the app at paraape.xyz. These shots are the live testnet UI with a wallet already connected on Robinhood Chain testnet (chain ID 46630). The market chips are whatever the indexer currently has. They are not a permanent token list.
The Pay, Deposit, and Settle buttons are shown and were not submitted.
Start
The home page is the front door. Protect a token buys cover. Underwrite backs a coin with USDG.

Buy cover
Open Protect. Paste the token contract, or click one of the indexed markets. The wallet has to hold that token. The balance next to Trigger is what this wallet can cover.

- Trigger. Broad is −70%, Standard is −80%, Deep is −90%. Custom snaps to the nearest on-chain drop: 50, 60, 70, 80, 90, or 95 percent.
- Payout (USDG). The most you can receive if the drop is still there. Max fills the largest amount the cells, the pool depth, and the bag can back.
- Coverage period. 1, 3, 7, 14, or 30 days. The date under the radios is the expiry.
- Pay. The black aside quotes the premium in USDG for that drop, payout, and term. Confirm it in the wallet. This shot stops on the button.
Cover turns on about 30 minutes after that transaction. The coins stay in the wallet. Selling them below the covered balance voids the payout.
If the token has no vault yet, Protect says so and links to Underwrite. A USDG deposit opens the market when the pool is locked.
Back a coin
Open Underwrite. Paste the same kind of token address. Pick the drop you are willing to pay, then the USDG amount. The amount field shows this wallet's USDG balance, and the button is the deposit.
A milder cell can also fill a deeper policy. A deeper cell does not fill a milder one. Standard in this shot is −80%.

Confirm the deposit in the wallet. This shot stops on the button. Premiums from policies that use your cell stream to you. A payout that settles comes out of that cell.
After you pay
Dashboard lists cover you bought, premiums you paid, and USDG you deposited. An Active row has Settle. A Paid row has no further action.

Settle pays only if the 5-minute average is still down by the drop you bought and you still hold the tokens. Too early, recovered, or the bag was sold, and the transaction reverts.
After a successful settle the row counts down for two hours. A backing LP who is not the buyer can press Challenge during that window. When the countdown ends, Receive payout sends the USDG. Close policy is there once the term has ended with no settle. The premium stays with the backers. This wallet had no row in that window, so those buttons are not in the shot.