Curvance Testnet Guide – For Bera Chain
Curvance is making waves in the DeFi space with its latest testnet on Bera Chain. This initiative allows users to explore its cutting-edge platform, interact with various features, and earn rewards while helping refine the product through valuable feedback.
Let’s dive into the step-by-step guide to completing the Curvance Bera Chain Testnet task and leveraging its exciting features.
How to Participate in Curvance Bera Chain Testnet
Step 1: Connect Your EVM-Compatible Wallet
- Use an EVM-compatible wallet like MetaMask or a burner wallet.
- Ensure you are on the correct testnet environment.
Step 2: Switch to Bera Chain Testnet
- Configure your wallet to the Bera Chain testnet network.
Step 3: Mint Testnet Tokens
- Head to the testnet faucet and mint tokens to use on the platform.
Step 4: Deposit Assets
- Deposit supported assets into Curvance’s platform to begin your journey.
Step 5: Borrow, Repay, and Lend Assets
- Engage in key DeFi actions like borrowing, lending, and repaying assets.
- Experience the platform’s smooth asset management system.
Step 6: Manage Locks
- Lock $CVE tokens to earn rewards and gain governance power within the Curvance DAO.
- Unlock $CVE tokens as needed.
Step 7: Provide Feedback
- Share your experience with the Curvance team by filling out their feedback form.
- Your input is critical to improving the platform.
Once all steps are completed, you’ve officially contributed to the growth of the Curvance ecosystem!
Why Curvance Stands Out in DeFi
Collateralize, Leverage, and Earn Rewards
Curvance allows users to collateralize assets, leverage their holdings, and earn boosted rewards through liquid vaults. It offers DeFi solutions for everyone, ensuring seamless financial opportunities across multiple chains.
Markets Overview
The Markets page in Curvance provides a comprehensive breakdown of supported markets and assets. This includes details like:
- Chain
- Total Value Locked (TVL)
- Total Collateral
- Total Debt
- Maximum Debt
Users can explore and manage these markets for depositing, lending, and borrowing with ease.
Specific Markets
By selecting a specific market, users can view all related assets and manage their positions directly from the platform.
Lock and Earn Rewards with $CVE
Curvance users can lock $CVE tokens on supported chains to unlock additional rewards and gain governance power. Locked $CVE becomes veCVE, which grants users:
- Governance power within the Curvance DAO.
- Access to protocol fees distributed across chains.
- Flexibility to move veCVE across chains at the end of each epoch.
Claiming Rewards
Rewards are distributed every two weeks during each epoch. Users can claim these rewards based on the protocol fees generated by Curvance. The rewards modal offers an overview of:
- Top fee-generating markets
- Claimable tokens
- Time remaining in the current epoch
- Your percentage of locked tokens
Track Your Portfolio with the Dashboard
The Dashboard page provides a snapshot of your portfolio and active positions. Key metrics include:
- Total deposits
- Collateral and debt positions
- Locked $CVE
- Accrued rewards
- Time left in the current epoch
Curvance Testnet Timeline
The Curvance testnet is being rolled out in multiple phases to gather meaningful user feedback:
- Invite-Only Access
- Purple Ecosystem Access
- Partner Roles Access
- Public Access
Join Curvance on Bera Chain Today!
Curvance offers a revolutionary way to interact with DeFi, making it accessible to everyone. Whether you’re a seasoned investor or a newcomer, this testnet experience on Bera Chain is the perfect way to explore and contribute to the DeFi ecosystem.
Complete Guide:
https://curvance.medium.com/curvance-testnet-guide-c678b2bb76a9
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