Terra on-chain lending channel Wicca will airdrop rewards for NFT whitelisting to valuable and unique feedback
Terra on-chain fake loan gateway Wicca will airdrop NFT whitelisted rewards to valuable and unique responses
Wicca, the fake loan channel on the Terra chain, called on Wicked Internet Wealth (WIW) to provide DeFi with a stablecoin with more liquidity. Plus gamified revenue sharing via "Wizard Witcher Bunny" (WWB) NFT
After the Sorcerer supreme announced its ambition to build a magic wealth strategy in Terra, we are ready to invite all LUNAtics to the Wicca grimoire open quiz launch ceremony on March 23, 2022 at 7:00 UTC. Our goal is to show the main features of the magic book, as well as collect feedback to improve our product.
Wicca, an on-chain fake lending platform on Terra, will airdrop NFT whitelisted rewards to valuable and unique responses
Testnet Operation Guide
Get your Terra wallet ready: https://docs.terra.money/docs/learn/terra-station/download/terra-station-extension.html
Switch your Terra station to QuizNet.
Go to https://faucet.terra.money/ and enter your address to get the web version of the Luna quiz.
Deposit UST to the anchor protocol (make sure to set your wallet to testnet) at https://app.anchorprotocol.com/earn to get aUST
Alternatively, you can get aUST in the testnet version via the official faucet https://testnet.wicca.money/faucet
Once you have your collateral, go to the beta testnet website and connect your wallet. (The official test network balance display speed is very delayed, you can wait for a while)
2. Loans and repayments
Now, we have collateral assets in our wallets. Let's try to borrow the ghost of the WIW stablecoin!
Select the [Borrowing] tab
Choose the grimace you want
Enter the collateral amount in the deposit box.
Enter the borrowed WIW amount, the risk ratio value and position will be updated based on your input
Click "Borrow" to confirm
You can now view your debt status in the [My Positions] tab.
🪄 Note: For the WIW price to be pegged in the testnet, the maximum WIW quota per wallet is 200 WIW (excluding fees).
To pay off your debt and withdraw your collateral from Grimace, go to the [My Positions] tab (Note: If you have an open position, you cannot withdraw the full collateral)
Leveraged rate of return
The real magic starts here! Put your mortgage assets in our haunted house, put your back down and enjoy APY.
Select the [Leverage] tab
Choose the grimace you want
Enter the collateral amount in the deposit box.
Slide the leverage bar as much as you risk and enter the borrowed WIW amount, which should not exceed the maximum borrowed WIW amount.
You can adjust the slippage tolerance, which affects the amount of WIW tokens when exchanging WIW.
Click "Leverage" to confirm.
🪄 Note: For the WIW price to be pegged in the testnet, the maximum WIW debt per wallet is 200 WIW (excluding fees).
At present, there have been errors in the test loan function, and we will continue to update when we can interact with each other.
Comments
Post a Comment