Teddy Testnet Guide
This guide will demonstrate how to utilize and test the Teddy protocol risk-free on the Avalanche Fuji Testnet.
Educational purposes only
Step 1 — Setting Up MetaMask
There are two methods to setting up the Avalanche Fuji Testnet on your MetaMask wallet.
Method 1: Set up Custom RPC in Metamask
This is the manual method and you can scroll below if you prefer a less involved method.
i. Open Metamask and click on the dropdown for networks.
ii. Select “Add Network”
iii. You’ll be redirected to the [Add a network] page. Copy and paste the following details and click [Save]:
Network Name: Avalanche Fuji Testnet
New RPC URL: https://api.avax-test.network/ext/bc/C/rpc
ChainID: 43113
Symbol: AVAX
Explorer: https://cchain.explorer.avax-test.network
Method 2: Chainlist
i. Visit https://chainlist.org/. and click “Connect Wallet”.
ii. Search “Avalanche Fuji Testnet”, click “Add To Metamask”.
iii. Click “Approve”
iv. You will now be redirected to the Avalanche Fuji Testnet network
Step 2 — Acquiring AVAX On Testnet
You would require AVAX to conduct transactions and use them for the Teddy protocol. This can easily be achieved for free through the following:
i. Head to https://faucet.avax-test.network
ii. Enter your MetaMask account address number where the Avalanche Faucet says “Address (C-Chain or X-Chain),” complete the “I’m not a robot” captcha and click “request AVAX.”
Sometimes if the network is busy, an error occurs and the request can not be completed. Avalanche resets the connection and allows one to retry every hour. If you happen to be unlucky and this occurs while you are making your request, the only thing you can do is wait and try again in another hour.
Step 3 — Try Out Teddy Troves
Head over to https://app.teddy.cash/#/ to begin the process of opening a trove on the testnet.
i. Connect your MetaMask wallet to the site and once complete you will be able to access the app.
ii. Click “ Borrow TSD”
iii. At the time of writing, 30 AVAX is worth approximately ~$2,400 which is sufficient but for this guide 40 AVAX will be used since that puts the collateral ratio above 150% which helps during recovery mode. Read more about this mode here
iv. A MetaMask transaction will pop-up to deposit your AVAX coins in the trove, click “Confirm.”
v. The trove details will now be available once the transaction is complete.
Step 4 — Try Out Teddy’s Stability Pool
i. The TSD obtained from troves can be staked in the stability pool to earn TEDDY rewards and AVAX from liquidation fees.
ii. Head over to the Teddy staking tab to stake your Teddy rewards from the stability pool.
Step 5 — Test Closing Your Trove
It is important to note that it might be difficult to test this functionality in the testnet. This is because TSD can’t be freely obtained, and there is a TSD borrowing fee to cover upon closing your trove.
i Click “Close Trove”
ii. A confirmation as below will appear
iii. A MetaMask transaction will pop-up to close your trove, click “Confirm.”
Congratulations.
You have now completed the risk free method of testing Teddy Cash.
Please head over to Discord or Telegram if you have further questions
