Testnet is always a fertile ground for newcomers in the crypto market who want to earn some income without having to pay fees. In this article Weakhand will guide you on participating in the Tapio Finance testnet, a project with support from investment funds and promises to airdrop in the future.
Overview of Tapio Finance
Tapio Finance is a project working on the LSDfi segment, thereby building more applications and thicker liquidity for LSTs of platforms such as stETH, rETH, cbETH, etc. Tapio Finance allows users to mint tapETH from providing liquidity level of a pair consisting of ETH along with LST.
Tapio Finance also successfully called for $4M from large investment funds such as Polychain Capital, Spartan Group, CMS Holding on October 17, 2022 to develop the project.
Recently, the project launched a testnet with a duration of 30 days and confirmed that it will airdrop to qualified participants after launching the TAPIO token.
Instructions for Participating in Testnet Tapio Finance Phase 1
Step 1: Faucet gETH
Currently gETH is quite rare so people can try it in the following ways:
- Use Coinbase Wallet: https://coinbase.com/faucets/ethereum-goerli-faucet
- Bridge using ETH Layer 2:
Step 2: Use the Swap function
- Visit: https://test.tapio.finance/swap
- Swap from gETH to LSTs like sETH, rETH (only swap a small amount).
Step 3: Mint tapETH
- Visit: https://test.tapio.finance/mint
- Use the swapped tokens one by one to pair with ETH and mint to tapETH.
Step 4: Redeem tapETH
- Visit: https://test.tapio.finance/redeem
- Redeem part of tapETH that has just been minted into ETH, stETH, rETH.
Step 5: Get OG role on Zealy
- Visit Tapio Finance Zealy.
- Join Discord.
- Perform social networking tasks.
- Claim xp points and Tapio OG NFT.
Instructions for Participating in Testnet Tapio Finance Phase 2
Step 1: Prepare gETH
Everyone needs to prepare a minimum of 10 gETH (ETH Goerli) to participate in the Tapio Finance Phase 2 testnet in one of the following two ways:
- Faucet from free sources (ineffective).
- Use Testnetbridge to transfer gETH from mainnet.
Step 2: Swap ETH tapETH
- Visit: https://testnet.mav.xyz
- Swap 5 gETH into 5 tapETH then swap 1 tapETH into ETH.
Step 3: Provide liquidity on Maverick
- Visit: https://testnet.mav.xyz/boosted-positions
- Providing liquidity equivalent to 1 tapETH.
Step 4: Borrow from GRAI
- Visit: https://goerli.gravitaprotocol.com/vessels/tapeth
- Mortgage the remaining 3 ETH to borrow 3000 GRAI.
Step 5: Supply GRAI
- Visit: https://goerli.gravitaprotocol.com/pool
- Supply all GRAI into Stability Pool.
Step 6: Perform social networking tasks
- Visit: https://zealy.io/c/tapiofinance/
- Carry out social networking tasks.
- Maverick Protocol answer: 1b 2b 3c 4b 5b 6c 7a 8c 9a 10c.
- Gravita answer: 1b 2b 3c 4a 5c 6c 7b 8c 9a 10a 11c 12a.
- Pendle Finance answer: 1b 2c 3a 4d 5c 6b 7a 8b 9c 10c.
- Claim NFT and OG role (limit 15,000 in phase 2).
Summary
Above are the detailed steps to participate in the Tapio Finance testnet. Weakhand hopes that through this article, everyone will receive a free airdrop from the project.
