Magnety Finance Testnet Guide

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Magnety Finance — is an asset management system allowing anyone, such as investment groups, DAOs, or individuals to get the most out of DeFi on Starknet & Ethereum through an easy-to-use platform.

Magnety acts as a protocol aggregator to make the DeFi experience convenient and more efficient. The protocol is based on StarkNet.

AirDrop is promised for passing the testnet & 15% of the total number of tokens is allocated in tokenomics for rewards.

Start of testing

Install the Argent X wallet on the site. After you have created an account in the wallet, the status “Deploy wallet” will appear — this is the creation of a wallet, wait a few minutes until the installation is completed.

Be sure to save your seed phrase!

Go to the site and request Goerli ETH tokens to the Argent X wallet address. Go through the captcha and click Send Request.

Next, we request test ETH in the Goerli network to our MetaMask on the site. Be sure to check the “Drip on additional networks” checkbox.

Let’s go to our StarkGate guide and transfer Goerli ETH tokens from MetaMask to Argent X.

Connect Argent Х on the website.

To create a fund click Monetize.

Choose an avatar, write a name, description, and select an asset (we chose ETH).

Then go to the Accessibility of our fund. Let’s make the Public fund & select hours number on the scale.

Then select the DeFi protocol we want to interact.
Only Alpha Road is enabled at the moment.
Choose the asset you want to trade (we select ETH).

Next, go to Monetisation — this is the place where we can manage the fund. Here we can set various options up to 10% or 20%.

Feed your Fund. Here we decide how many tokens to put into our fund and how many tokens to mint.

Next click on Create my Fund

After a successful transaction go to the Staking tab and click on your fund

Click Invest.

Next, we invest in our fund.
To do this, go to the Buy tab, specify the investment amount and click Mint.

Then we withdraw some of the funds from our fund.
To do this, go to the Sell tab and press the Sell button. You won’t be able to sell immediately, as we set a time block earlier. Return here later and sell.

Then follow the Discord channel & verify.
Testnet is done! For announcements follow Twitter.

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