Testnet Guide - Vertex(Terra) - DefiCalendar Newsletter

DefiCalendar NewsletterSubscribeSign inTestnet Guide - Vertex(Terra)DefiCalendarMar 07, 2022178Share

Sponsored Message

If you are looking for a new mobile wallet, you might want to try Frontier.

Frontier is a Crypto & DeFi, NFT wallet where you can send, store & invest in 4,000+ crypto assets. It connects existing mobile wallets, meaning you don’t have to leave Metamask — you can use it with Frontier.

• Supports multi chain function across dozens of networks including ETH, SOL, FTM, AVAX, MATIC, & BSC

• Be notified on; changes in your staking APY; Whale Buys / Sells; Price changes

• Compare staking returns in app to ensure you’re always getting the highest APY on your tokens.

• Track NFT prices in your wallet to keep an eye on undervalued NFT’s.

Download the Frontier app here.

Update: You can now check the status of previous airdrops using the link https://docs.google.com/spreadsheets/d/1agcpqrYDJg0cX12jC7nrtrbC20aZxweub0M6fBUVPUI/edit?usp=sharing.

This covers all articles on our newsletter and some articles on Medium.

Follow us to receive the latest updates.Twitter: https://twitter.com/CalendarDefiTelegram group: https://t.me/deficalendargroupTelegram channel: https://t.me/deficalendar

Introduction

Vertex Protocol (Twitter : https://twitter.com/vertex_protocol) is a trading platform for foreign currency on Terra. Users can trade FX perpetuals with up to 44x leverage.

Rules

Vertex launched their testnet on Feb 28. Rewards are not confirmed for testnet users but the team said they are discussing rewards for early community.

For details of the testnet, read here.

Guide

Getting Started:

Go to your Terra Station Wallet and switch to testnet. (If you don’t have Terra station wallet, get its Chrome extension/iOS app/Android app.)

Get your testnet $LUNA/$UST from https://faucet.terra.money/.

If you have problems with the faucet, ask at the #testnet-funds channel in Vertex Discord.

If you received $LUNA, swap it to $UST in the wallet.

Step 1:

Go to https://vertexprotocol.io/dashboard and connect your wallet. Click on “Deposit”.

Input the amount of $UST to deposit as collateral and confirm.

Step 2:

Go to “Trade”. Decide your market and whether you want to long or short. Input your order size and confirm.

Close the position after a while.

Step 3:

Now go to “Pools”. Choose a pool to provide liquidity. Input notional amount and confirm.

We can see our position immediately. We withdraw some of our LP.

Enter amount of LP to withdraw and confirm.

That’s all for the guide. Continue to play around with the testnet and report bugs or feedbacks at their Discord.

If you are interested in joining Vertex’s testnet focus group of ~100 testers, fill out this form: https://forms.gle/Fg9VL8yksfhyWex1A. You will be asked to provide feedback and input via an anonymous survey which they will then use to shape the future development of Vertex.

178Share

Discussion about this post

CommentsRestacksDefiCalendar Mar 7, 2022Author

The form seems to be closed now.

ReplySharebankizee Mar 7, 2022

The form needs permission to access

ReplyShare6 more comments...TopLatestDiscussions

No posts

Ready for more?

Subscribe© 2026 DefiCalendar · Privacy ∙ Terms ∙ Collection notice Start your SubstackGet the appSubstack is the home for great culture