2. Click on the “Connect” button at the top right-hand corner.
3. Currently, only Kelpr wallet is supported. Approve the connection.
4. Next, go to your Metamask, Click on the toggle to change networks and then to the “show/hide test networks”
5. After that, the Ropsten Testnet will be visible. Select it. This is where your testnet tokens will be sent subsequently.
6. Next, we need to get some $RopstenETH to pay for the gas fees when bridging your testnet tokens over to the Sei testnet. Click on the RopstenETH section.
7. Click on the "Buy" button.
8. Scroll down to the "Test Faucet" segment and click on the "Get Ether" button.
9. There will be a popup arriving on this website. Click on the "request 1 ether from faucet" button. It will prompt you to connect your MetaMask wallet and subsequently send you your RopstenETH.
10. Next, join Sei Network’s Discord over here: discord.gg/DvXnQ2M6. Go to the “atlantic-1-faucet” section.
11. Type in the following and send in the chat to receive your testnet tokens:
- The first one is to get 1 SEI and 1 aUSDC under your Sei address with:
!faucet sei1address
- The second one is to get 1 aUSDC under your Ethereum Ropsten address with:
!faucet ethereum 0xAddress
12. NOTE: You will have only one use per function and per address/discord user
Note that the EVM aUSDC tokens can take several minutes to arrive under your address, so no need to spam the faucet
13. Go to trade.vortexprotocol.io/bridge. Paste your Sei address (e.g. sei....3qxmr) in the "Enter destination address" tab. Then, change the chain in the “From” section to Ethereum.
14. Click on "Get Deposit Address"
15. Send aUSDC to the generated deposit address using Metamask (e.g. 0xf....ab4a4).
16. Tip: try sending a small amount of aUSDC (e.g. 0.2 aUSDC) over first to make sure that the bridge works as you can only get aUSDC once from the testnet faucet!
For the next stop in my DeFi World Tour, I will be sharing about @GMX_IO, a highly innovative project that has launched on @avalancheavax and @arbitrum! Read on to find out what they've got to offer.
@GMX_IO@avalancheavax@arbitrum 1. @GMX_IO is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. What this means is that no matter how large your swap amount is, it will not cause the value of the asset to change!
1. For my first ever @ethereum protocol breakdown, I'll be talking about @Bancor! What exactly are they and what do they have to offer? Read on to find out.
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@ethereum@Bancor 2. Fun Fact: @Bancor is actually the decentralized exchange (DEX) to pioneer the liquidity pool model! Talk about the true OGs 🔥
@ethereum@Bancor 3. Pfttt another DEX again? Can this get any more boring?
Hold your horses peeps. Bancor isn't just another run-of-the-mill DEX. They are one of the very few DEXs that offer these mind-blowing features:
1. Single-sided staking 2. Impermanent loss protection 3. Autocompounding.
The past 2 weeks have been an absolute heartbreak. A thread on my thoughts and my plans moving forward.
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2. I experienced the euphoria of seeing my portfolio grow 40%, followed by the despair of seeing it lose 95% of its overall value when the Terra Ragnarok occurred.
3. I felt like I lost a huge chunk of my life. What was even more painful than the monetary loss was the opportunities that were starting to surface. They disappeared as just as fast. Months and months of hard work, gone up in flames.
0. @NexusProtocol has unveiled their next product! They will be building on top of @prism_protocol to bring you nexPRISM! Lets learn more about what this is and how this can benefit you
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1. nexPRISM is a yield boosting feature built on top of @prism_protocol's AMPS system. It allows users to gain access to high yields from the Prism Farm even without any AMPS at all! Sounds familiar?
(Hint: Convex model)
2. For those who are not sure what AMPs are, this thread can get you up to speed:
0. @retrogrademoney is kickstarting its Phase 1 launch in less than 24 hours! I will be sharing my own personal strategy for participating in Retrograde and the reasoning behind my moves.
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1. To learn more about @retrogrademoney, this will be a good place to start! Take note that this Thread is slightly outdated. the $ASTRO derivative that Retrograde is using will be $rexASTRO, not $retroASTRO.
2. My Thesis:
To utilize Retrograde to acquire as much $ASTRO and $RETRO as possible. These are the 2 assets I am strongly bullish on. Hence, I will not be doing any short term trading on them to lower the risk of bad decision making.
Surprises after surprises! @orion_money has decided to get into the grand $ASTRO Alliance at the last hour! With this revelation by them, I present to you, the breakdown of their strategy, so that you don't have to.
1. Background: Orion is decentralized, cross-chain stablecoin bank where you can deposit Stablecoins such as $USDT, $USDC $DAI to earn high yields. It utilises @anchor_protocol to achieve this.
2. For people trying to understand this, you can rest easy. Orion's ASTROBooster's concept is largely similar to what @retrogrademoney and @reactor_money, with some slight tweaks! Read on and you'll realise why ⬇