Hello friends, today we will be doing a testnet from Ambit Finance ! which was launched on 07/25/2023.
Ambit Finance is a decentralized finance (DeFi) platform built on BNB Chain. It is designed as a one-stop tool for all-encompassing DeFi needs and offers a variety of features and services, including:
1) Lending and borrowing
2) Staking and farming
3) Decentralized exchanges (DEX)
4) Asset management
This is absolutely VERY cool! But we are interested in the fact that the project is backed up by the power of binanceLABA in the form of 4.5 Multieons of evergreen $$$
So hare chat! Let’s go 😉
PS the guide is made for COMPLETE beginners, so if YOU are a crypto-enthusiast, scroll down right away – below 😉
You can also add manually:
Network Name: BNB Smart Chain Testnet
New RPC URL: https://bsc-testnet.publicnode.com
Chain ID: 97
Currency symbol: tBNB
Block Explorer URL: https://testnet.bscscan.com
It’s very simple to insert your address from the metamask and click Give me BNB
We select the BNB Smart Chain TESTNET network in the metamask (which we added above) THIS IS MANDATORY TO DO!!! Otherwise, there will be errors with the testnet and even with the faucet! Choose our network MANUALLY!!!!
And poke Connect Wallet
We take tokens from the Ambit Finance faucet
Select the section YOUR DEPOSITS
We poke DEPOSIT
We confirm all transactions in the metamask (approves and the transaction itself)
Congratulations, we have just deposited our test $USDT at 5% per annum!
Go to the Liabilities tab
And we press Borrow (borrow) a lot DO NOT take otherwise we will be liquidated. We poke 50% and the button Borrow
Congratulations, you HAVE borrowed test $USDT from the platform at a couple of percent per annum.
Now we return by pressing the REPAY button
We twist these actions 5-6 times. Purely for activity, BUT with a loan, we DO NOT BEND THE STICK, otherwise it will be liquidation. But why not test it?
In the upper right corner, click on Activity and take a SCREENSHOT
Go to DISCORD in the #feedback thread and describe your experience of using the platform (don’t forget to attach a screenshot taken earlier).
That’s actually the whole testnet !!! It would be superfluous to drive away a couple of accounts – it definitely WILL NOT 😉 Thank you all for your attention and see you soon! Peace to you!
Here are the official links to the project:
Zealy(not ref): https://zealy.io/c/ambitfinance/