Lenen Protocol Beta Version Testnet
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Reward pool
Not set
LEN
Expected profit
Unknown
LEN
Max participants
∞
No limit
DropsEarn score
Neutral
Normal, Low Risks
Details
Lenen is the first decentralized, transparent and non-custodial liquid asset lending protocol under the Vision Chain ecology, Metaverse’s high-performance public chain. The protocol integrates functions such as liquidity mining, pledge, lending, and governance, effectively providing liquidity release for users holding various long-tail asset Tokens and expanding income exposure, and with USDT as the base asset, depositors can earn interest by providing the base asset to the Lenen protocol. Lenen officially launched the test network on November 30, and users participating in the test will receive a test airdrop.
Testnet Tutorial：
Preparation
Step 1 Download the Wallet
Open Google Browser, and search Vtimes or Metamask in Google Chrome Web Store, or get the Vtimes Chrome extension through the official website, and then add it to your Chrome
Step 2 Configure the Vision testnet.
1. Oen the Vtimes Wallet, switch to Vpioneer in the upper left corner, and enter Vision testnet.
2. Add the testnet vpioneer(Vision) in Metamask.
Network Name: vpioneer
New RPC URL: https://vpioneer.infragrid.v.network/ethereum/compatible Chain ID: 666666
Currency symbol: VS
Block explorer URL(Optional): https://www.visionscan.org/
Step 3 Get the test token.
1. For the Vtimes Wallet user: Open the faucet URL: https://vpioneerfaucet.visionscan.org/#/, and get the VS, USDT, VBTC(or VETH/VBNB) test token.
2. For the Metamask Wallet users: Open the faucet URL: https://vpioneerfaucet.visionscan.org/#/, and get the VS, USDT, VBTC(or VETH/VBNB) test token.
Test the Token contract address in the vpioneer environment (the one starting with 0x is a 42-character hexadecimal string, suitable for Metamask to add)
USDT: VSGxEWcmLk6wynC5eJXaTcortyY6hR5qAg
0xAB4BC354E564C41A31BEF90E0116BF52F512122C
VBTC: VML5U9FhiAQoykoHpcqmunuxcv9sT1y1vz
0x750A6BE6044F56F17AAB00A2BE58B1763E6770E3
VETH: VJ71ti5EtUUaAxE8oYXsVhTttSXziyHfNR
0x51A9A6B1F98DEA3E448CFDD33FCBF752F3F6B5CD
VBNB: VDGerizZteBdZWzJdS31pbhiqTWmovp3xW
0x1CA39F95B9C591976574E8105334520DA9272F62
WVS: VGjpyoQffd8F29iTzkwXXPumrNu2KMS9J9
0x42AFAE5DE103C4290001888B1E0F89425DE81E4C
Step 4 Connect your wallet to the Lenen test website.
Log in to the Lenen test website: https://app.lenen.network/, and click 【connect wallet】on the upper right corner of this page to connect with the wallet. (The operation is roughly the same as that of the Vtimes test network after Metamask configures the test network environment. The following tutorials will take the Vtimes wallet as an example.)
Participants in the test.
1. Deposit USDT.
Click【Supply USDT】bottom on the Dashboard page, and click【APPROVE】in the pop-up interface to confirm the authorization, then click [Accept], pay a small amount of token as GAS, and wait for the contract interaction to complete.
Then click 【Supply USDT】again, input the amount of USDT you want to deposit, click 【Supply】, pay the gas fee and complete the deposit of USDT, then you can earn interest.
2. Mortgage the Mortgageable Assets
On the “Dashboard” interface, the “Collateral assets” column will show the mortgageable assets. Taking VBTC mortgage as an example, click the [+] next to [VBTC], and click [APPROVE] in the pop-up interface to confirm the authorization. Then click [Accept], pay a small amount of token as GAS, and wait for the contract interaction to complete.
Click the [+] next to [VBTC] again, input the amount of mortgaged VBTC, click [SUPPLY], and pay the gas fee to complete the mortgage.
3. Lend USDT
Click [Borrow USDT] in the Dashboard interface, it will show you the amount of USDT that can be borrowed by staking VBTC, then input the amount of USDT to be loaned(It would be better not to choose the maximum value, the crypto market fluctuates greatly, and too much lending will easily increase the risk of liquidation), click [BORROW] (It will shows Withdraw USDT, and the deposited USDT needs to be withdrawn before the lending USDT operation can be performed) and complete the loan of USDT after paying the gas fee.
4. Payback USDT to get redemption right of collateral
Click [Repay USDT] On the Dashboard interface, input the amount of USDT loaned by 0.01 VBTC as a repayment, then click [REPAY], pay the gas fee, and complete the USDT repayment.
Then click the “-” next to “VBTC”, enter the amount of VBTC you want to redeem, click [WITHDROW], and complete the redemption after paying the gas fee.
If you want to participate in this beta test, please fill out the form.
Links
About
Lenen tesnet has officially launched on November 30th. It is the first decentralized, transparent and non-custodial liquid asset lending protocol under the Vision Chain Metaverse ecosystem. Referring to other testnets, there is a very high possibility that they will also airdrop tokens to early supporters.This milestone marks a major achievement in the Vision roadmap --- to meet the borrowing needs of Metaverse residents, to provide users with a more efficient and innovative digital product!
Activity Type
Date
until 31 Dec 2022 03:00(UTC+3)
Registration
Closed
When Reward:
None
Event Status