Incentivized Testnet 1KX Protocol

1KX Protocol — is a new DeFi protocol that allows you to create liquidity pools with a single token (instead of pool pairs). This is made possible by grouping deposited tokens into a virtual pair with OSD’s own stable coin. Single-token liquidity pools are more capital efficient, providing a more optimized experience for all participants, including traders, liquidity providers and third-party projects.

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For the Testnet team promises airdrop after the launch of the project in Mainnet, to increase chances of winning rewards can be active by making more exchanges, adding more liquidity (every day).

Step 1

• Go to testnet: https://beta.1kx.exchange/
• Connect Metamask

• Once connected, click Switch Network and confirm the addition of the ZkSync Testnet network to Metamask

• Get test tokens by clicking on the Test Tokens button If tokens do not come:
- Go to https://portal.zksync.io/faucet,
- Connect your wallet and make a tweet with your wallet address
- Wait when tokens come to our wallet, go to the tab Swap> exchange USDC or DAI to BTC and then test the platform according to the guide

• In the settings we can choose the coin that will be used to pay the commission/gas (e.g. DAI)

Try to borrow tokens:
- Go to the Pool tab — Select the token you want to borrow and click Borrow

• Choose the token
• Enter the amount to be borrowed and click Borrow
• Confirm the transaction in the wallet

Now we need to repay the loan:

- Click the Repay button

•Select the maximum number of tokens and click Repay

Step 2

Add liquidity:
- Go to the Pool tab, click the Deposit button

• Choose a token, its amount and click Add Liquidity

• After adding liquidity to the pool, you can add or return some tokens by clicking “+” and “-”.

Remove some of the liquidity:
Click “-”, enter the amount of tokens you want to remove and click Remove Liquidity

• It would also not be superfluous to add a few other tokens to the liquidity pool

Step 3

Let’s test the token exchange:
- Go to the Trade tab

• Choose a pair of tokens, enter the amount we want to exchange and click Swap

Testnet completed!

Now we only have to leave your feedback about working with the platform:

• Go to the Discord of the project, in the branch #verify pass verification by clicking on the emoji
• In the branch #beta-on-zksync leave a review and your wallet address, any errors or bugs also send this branch.

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