Loading...Avalon Finance looks to revolutionize the DeFi lending space with overcollateralized lending (borrowing backed by robust collateral), derivates trading and an algo stablecoin all towards ensuring stability and security for all!
They has started an exciting Testnet with confirmed rewards. Explore decentralized lending on Merlin Chain, claim test tokens, and engage in lending/borrowing for DeFi rewards.
Below is a step-by-step guide to position yourself for the airdrop by doing the testnet.
Step by Step Guide
Add Merlin Testnet
– Open your metamask wallet.
– Click chance networks.
– Click Add new.
– Network Config:
Network name: Merlin Testnet
RPC URL: https://testnet-rpc.merlinchain.io
Chain ID: 686868
Block Explorer URL: https://testnet-scan.merlinchain.io
Faucet
– Fill out the https://tally.so/r/mJ69vJ to claim test BTC tokens on the Merlin Chain.
– Open Avalon Finance at https://testnet.avalonfinance.xyz/faucet/
– Connect your wallet.
– Click ‘Faucet’ to request METH as test asset.
Supply Assets
– Enter the Avalon Finance market page https://testnet.avalonfinance.xyz/markets/
– Click ‘Supply’ on METH.
– Input ‘10’ in amount, approve, then supply 10 mETH.
Borrow
– Go to the dashboard page https://testnet.avalonfinance.xyz
– On the right side, select any asset and click “Borrow” or “Detail”.
– Click ‘Borrow’ to borrow 100 mUSDT.
Repay
– Go to the dashboard page https://testnet.avalonfinance.xyz
– Select the loan you want to repay.
– Click ‘Repay’ to repay 1 mETH.
Withdraw
After repaying the borrowed assets, you can withdraw the collateral tokens you supplied.
– Go to the dashboard page https://testnet.avalonfinance.xyz
– Click ‘Withdraw’ to withdraw 1 METH.
– Confirm the withdrawal transaction and wait for completion.
Bonus Multipliers
Engage with the testnet and earn points with multipliers!
– Post a thread on X explaining your testnet interaction, tag @avalonfinance_
– Be an active member in the Avalon Discord: https://discord.com/invite/avafinance
– provide feedback in Testnet-feedback channel in their discord.
Avalon Online
– Head to: https://avalon.online/quests/connect
– Click on “Connect X”, then authorize via Twitter.
– Enter the invite code: eGbPFu
– You got 200 Bonus points by using our code!
Earning PTS / quests
– Head to: https://avalon.online/quests
– Follow step-by-step quest completion using social networks.
– Tasks take about 10 minutes to complete; all you need to do is connect your social networks, like a post, retweet, and so on.
Earning PTS / daily spin
– After completing all available activities, remember to come here once a day and spin the wheel.
– By spinning it daily, you’ll earn more PTS points than others.
nice airdrop
Thanks!