It’s been just over a week since we launched lendOS’s Testnet, and the response has been phenomenal, with increasing interest every day!
We extend our heartfelt gratitude to our community for endorsing lendOS’s vision. Your unwavering faith and dedication to our cause exemplify true commitment in the DeFi community. Your involvement is invaluable at each step of this journey. 🚀
Exciting news — the lendOS Testnet is now live and ready for testing!
Explore it here 👉 https://lendos.org/
Continue reading to discover how to maximize your lendOS testnet experience.
What to Expect from the Testnet?
In this initial testnet version, we focus on lendOS’s primary features. Testers can explore decentralized, permissionless lending and borrowing, with opportunities to:
- Earn easy interest by lending crypto assets.
- Borrow against crypto for liquidity access.
- Enhance returns through leverage.
- Effortlessly short assets with systematic liquidation management.
- Develop flexible Leveraged yield farming strategies.
Interest Rate Mechanics
Interest rates are uniformly applied and dynamically adjusted based on supply and demand. Each interest rate change is tracked by an Interest Rate Index, reflecting user actions like minting, redeeming, borrowing, repaying, or liquidating assets.
lendOS destination chain
lendOS is built on Neon EVM, the first parallelized EVM on Solana known for its fastest execution, ensuring security, low costs, and suitability for mass adoption. By leveraging Neon EVM, lendOS effectively reduces Ethereum gas fees without compromising security or user control.
Why lendOS?
lendOS integrates key DeFi functionalities on a single platform, offering pooled and P2P lending. We empower users to harness blockchain value, fostering openness and decentralization in the Web 3.0 era.
lendOS — Your go-to protocol for all lending & borrowing needs. The testnet will continue to evolve with each update. Share your lendOS Testnet experiences with us on our social channels — we value your feedback and are dedicated to realizing our vision!
Join us in shaping the DeFi community’s future with lendOS.
Visit the testnet now!
Getting Started
To test our app, ensure you have:
- Chrome browser.
- Metamask connected to Neon EVM devnet.
Using the App
- Add Testnet to Metamask
- Visit https://chainlist.defillama.com/chain/
- Connect and add Neon EVM devnet to Metamask.
- Testnet Tokens/Coins:
- Phase I testers receive testnet tokens and ETH for gas. Request Neon devnet ETH from faucets if needed.
App Features
- Supply testnet coins, earning dynamic APY.
- Use supply as collateral to borrow coins.
- Withdraw your supply.
Interface Overview
- Markets Overview: Displays total supplied, borrowed, and liquidity of all markets.
- My Account: Shows total supplied, borrowed, and net APY. Displays borrow limit.
- Supply & Borrow Markets: Interact with markets and manage assets.
