Join Our Stablecoin Testnet, and get our GALXE NFT!
AVAX NETWORK
Come join our testnet and try the following features:
· Deposit, stake LP
· Borrow USP
· Repay
Join our GALXE campaign and get our limited NFT here: https://galxe.com/platypus/campaign/GC9twU4wu8
It may have future utility to our coming campaigns!
Quick step-by-step to join our testnet
Setting Avax Fuji Testnet : https://chainlist.org
Connect your wallet to the Fuji testnet.
Get Fuji testnet AVAX: https://faucet.avax-test.network/
Visit: https://usp-testnet-campaign.platypus.finance/pool?pool_group=main
Get testnet stablecoin from the “faucet” button
Tutorial
Deposit & Stake
- Go to the “Pool” page and stake some stablecoins in the Main Pool to acquire LP, which is used as the collateral for borrowing USP. Don’t forget to stake your LP before borrowing USP!
Borrow USP
- Go to the “USP” page and you will find USP’s dashboard. Here, you’ll see the stability fee above USP’s price. In the middle area, you can find the total USP borrowed and the total collateral amount. With that, you can determine the number of collateral that supports USP value. Or you can also look at the collateral ratio here.
- Create a new position by clicking the “Borrow” button. (Go to the Pool page if you haven’t deposited any stablecoin to the Main Pool.)
- Select a collateral asset and adjust the number of USP you want to borrow. Stability fee will be shown here.
- Check your position in “My Position”
Click the borrow button again, to borrow more against your existing collateral.
Repay
- By clicking “repay” button, you repay your debt. Repayment can be done partially or in full. Just be aware that the minimum borrow amount is 200 USP.