LENA Testnet v2 User Guide
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Welcome to v2.
You may have caught glimpses of our progress towards the end of Testnet v1, and today, we are ecstatic to declare that the wait is over. Today marks a new milestone as we embark on the next phase of our journey!
We are introducing the integration of Real-World Assets (RWA) into our testnet, marking a crucial step towards unlocking the true potential of decentralized finance.
Welcome to LENA! Lending & Earning on Non-fungible Assets (LENA) a Peer-to-Pool model DEFI, enable Real-World Assets Tokens (RWA) as collateral for seamless borrowing & lending.
We’re excited to announce the launch of the second phase of our testnet. In this article, we will guide you through the process of minting your RWA NFT and participating in the LENA testnet.
Notes:
- Traffic happens in Polygon testnet Mumbai, please wait patiently or choose the highest gas fee to accelerate your transaction.
Preparations
Add Polygon (Mumbai) Network
- Go to Metamask and click “add network”
- Information about Mumbai network:
Network Name: Mumbai
New RPC URL: https://polygon-mumbai.infura.io/v3/4458cf4d1689497b9a38b1d6bbf05e78
Chain ID: 80001
Currency Symbol: MATIC
Block Explorer URL: https://mumbai.polygonscan.com
Or you can Add Mumbai Network via Chainlist
- Go to Chainlist and connect wallet https://chainlist.org/
- Click include testnet
- You can select the RPC Server Address and Add to the Metamask
Claim Mumbai MATIC for testing use
Launch our RWA platform and connect your Polygon Wallet
Click the “Faucet” button on homepage
Click on “MATIC Faucet” to be redirected to mint test MATIC
Alternatively, go to https://faucet.polygon.technology/ Or https://mumbaifaucet.com/ (Connect Alchemy account and request for Mumbai MATIC)
Claim test tokens and NFTs
Click the “Faucet” button on homepage to claim test tokens and NFTs
Click the dropdown and select DAI to mint some test DAI
Click the dropdown and select the XRWA NFT collection to mint a test NFT
Task 1: Deposit & Withdraw USD
To deposit, click the ‘Deposit DAI’ button on the Liquidity homepage
To withdraw, click the ‘withdraw’ button inside the WETH asset class on the Liquidity homepage
Task 2: Obtain a loan
Switch to the borrow toggle and click ‘Borrow’ on your chosen NFT
Input the amount you’d like to borrow and approve the transaction.
Task 3: Pay back your loan
Switch to the borrow toggle and click ‘Repay’ located your collateralized RWA
Input the amount you’d like to repay and approve the transaction
Task 4: Bid in the auction market
Click ‘Auction’ on the top menu
Navigate to the ‘Loans in auction’ or ‘Available to auction’ tab, click on any available auctions
Enter your bid for the auction and submit
If you’ve won, make sure to check your ‘Auction History’ to claim your NFT.
Thank you!
Thank you for participating in LENA Network testnet. We hope this User Guide has been useful to navigate through the core functions of LENA platform. If you have any feedback or questions, please feel free to reach out to our team below.
About LENA Network
Lending and Earning on Non-fungible Assets (LENA) is the newest protocol that facilitates decentralized and permission-less borrowing & lending of NFT collections, empowering user autonomy. With transparency at the forefront of our design, LENA will also include ETH liquidity pools for staking rewards, borrowing, lending, and more.
Official Links
🌐Website: [https://lena.network]
💠Twitter: [https://twitter.com/LENA_Network]
💬Telegram: [https://t.me/LENA_Network_Official]
📓Docs: [https://docs.lena.network]
📄Link3: [https://link3.to/lenanetwork]
