Wicca: Public Beta Testnet

4 min readMar 22, 2022

Hello wizards! After the ambitious announcement from sorcerer supreme to build a magical wealth strategy on Terra, we are ready to invite all LUNAtics to the public test net launch of Wicca’s grimoire on 23rd March 2022 at 7:00 UTC. Our goal is to show the main features of a grimoire as well as collect feedback to improve our product.

Borrowing and repaying: collateralized aUST/ LunaX in grimoire to borrow WIW and repay the debt with interest before your position is liquidated.
Leverage: If the current yield is not enough, let the grimoire leverage the yield.

How to join Wicca testnet

Prepare your Terra station wallet
Switch your Terra station to testnet.
Go to https://faucet.terra.money/ and enter your address to get the Luna test net version. (Note: If it shows transaction fail, don’t worry just try again )

How to get collateral assets

Before using the grimoire, you should have collateral assets in the testnet version, aUST, and this is how you can get them.

Swap LUNA to get UST at https://station.terra.money/swap

Deposit UST in anchor protocol (make sure to set your wallet as the testnet) at https://app.anchorprotocol.com/earn to get aUST

Alternatively, you can get aUST in the testnet version from our faucet by [Updating]

Once you have your collateral assets, Go to our beta testnet website, then connect the wallet.

Borrowing and repaying

Now, we have the collateral assets in the wallet. Let’s try the grimoire to borrow WIW stable coin!

Select [Borrow] tab
Select the grimoire you want
Input the collateral amount in the deposit box.
Input borrow WIW amount, Risk ratio value, and position will be updated based on your input
Click “Borrow” to confirm
Now, your debt position can be reviewed in the [My position] tab.

🪄 Note: To make WIW price peg in testnet, the maximum WIW quota for each wallet is 200 WIW (not including the fee).

To repay the debt and withdraw collateral assets from the grimoires, go to [My position] tab. (Note: You can’t withdraw the entire amount of collateral if you have an open position)

Leverage yield

The real magic begins here! Put your collateral assets to our grimoire, lay your back and enjoy the APY.

Select [Leverage] tab
Select the grimoire you want
Input the collateral amount in the deposit box.
Slide the Leverage bar as much as your risk then input borrows WIW amount which should not exceed the maximum borrowed WIW amount.
You can adjust slippage tolerance which affects the number of WIW tokens when WIW are swapped.
Click “Leverage” to confirm.

🪄 Note : To make WIW price peg in testnet, the maximum WIW debt of each wallet is 200 WIW (not including the fee).