Inertia is an emerging DeFi platform that has launched its testnet phase, offering users an opportunity to engage with its features and earn rewards. The platform supports key functionalities like farming, staking, minting, lending, and borrowing. As part of its testnet campaign, Inertia is running an airdrop to distribute project tokens to participants who interact with the ecosystem.
Inertia Testnet Campaign Details
This initiative allows users to familiarize themselves with the network while being incentivized for their engagement. The Inertia airdrop is available until April 8, providing users with ample time to complete the required activities and maximize their earnings.
The airdrop rewards are based on users interactions within the testnet, including supplying assets, borrowing, and bridging tokens. Additionally, users can complete tasks on Galxe to earn further rewards. By participating in the Inertia airdrop, users gain hands-on experience with the platform’s features while accumulating potential future value from the tokens they earn.
Step-by-Step Guide to Participate in Inertia Airdrop
Connect Your EVM Wallet
Visit the Inertia website and connect your EVM-compatible wallet (Initia Wallet will be deprecated soon, so you need migrate it to your Metamask or another wallet).
Request Test Tokens
To start engaging with the platform, request test tokens from the faucet. These tokens will be used to perform transactions within the testnet environment.
Mint nINIT and sINIT Tokens
- Navigate to [inrt.fi];
- Select [nINIT] the minting option;
- Enter amount of INIT to stake;
- Click [Submit] button.
- These tokens will be crucial for further staking and farming activities.
- Use Case: nINIT tokens can be utilized as a farming asset to earn $INRT rewards.
Stake Tokens and Start Farming
Stake your nINIT and INRT tokens to begin farming rewards. If you encounter any errors while staking, retry after some time.
Bridge Tokens to Inertia Test Network
Bridge all previously acquired tokens from the Initia test network to the Inertia test network. This step ensures that your assets are accessible for lending and borrowing.
Use Lending and Borrowing Features
Open the [Lending] tab on the platform and utilize the Supply and Borrow functions with the available tokens.
- If you lack necessary tokens, swap them into INIT tokens, request them from the faucet, and bridge them to the Inertia network.
- Be aware of potential liquidation risks due to price fluctuations, interest accumulation, or excessive leverage.
Repeat Actions for More Rewards
To maximize your earnings from this testnet, periodically repeat the above actions. Increasing your activity on the testnet boosts your potential rewards.
Conclusion
The Inertia airdrop provides an excellent opportunity for early adopters to engage with the platform and earn rewards through active participation. By completing transactions such as staking, farming, and lending, users can accumulate valuable $INRT tokens. This testnet phase serves as a learning ground for DeFi enthusiasts and positions participants to benefit from future mainnet launches. If you are looking to be part of the crypto airdrop landscape, Inertia’s campaign is a promising choice to explore.
FAQ
The testnet campaign runs until April 8, so make sure to complete all required tasks before this date.
No, participation in the Inertia airdrop does not require real funds. You can request free test tokens from the faucet.
Engage in multiple activities such as staking, lending, borrowing, and bridging tokens. Repeating these tasks periodically can enhance your reward potential
Yes, liquidation may occur due to price fluctuations, interest accumulation, or excessive leverage. Monitor your positions carefully to manage risks effectively.
Yes, users can complete tasks on Galxe to gain extra rewards on top of their testnet participation.
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