Entangle Incentivized Testnet v4 — Step-by-step.

Entangle envisions a future free of borders where protocols on every chain are interconnected, reducing the inherent complexities of DeFi from a user and developer perspective.

To usher in a new generation of DeFi dApps, Entangle builds an interoperable cross-chain liquidity sub-layer with a custom oracle solution to power two native dApps: Synthetic Vaults & Entangle Stablecoin (EnUSD). In the primary dApp, Synthetic Vaults, Entangle employs Liquid Staking Derivatives to allow liquidity position assets on any chain to be accessible from any chain in one click.

Synthetic Vaults are 1:1 cross-chain replications of liquidity provision assets (i.e LPs as Synthetic LPs) which can be collateralized to borrow EnUSD (a fully collateralized TRPM based Stablecoin) or staked as collateral to derivative protocols for enhanced yield. In doing so, Entangle achieves capital efficiency for users whilst incentivizing sticky liquidity for protocols.

Supporting the Entangle dApps is a Custom Oracle Infrastructure validated on an Oracle-Centric Blockchain (DPoS Cosmos-SDK EVM Compatible) using the Tendermint algorithm to achieve consensus amongst Validators.

The Oracle solution can be also utilised by external dApps, offering competitive advantages such as usability on any chain, cost optimization through customization of parameters and possibilities of complex information processing.

The testnet started on 05.02.2023 and is available to all addresses registered in the whitelist. Based on the information we found on Discord, this testnet is incentivized! All participants who fulfill the conditions and give quality feedback will be rewarded. An airdrop will take place for testers who receive a “Whitelist WL” role.

Testnet started on 05/02/2023 and is available for all addresses registered with WL. Based on the information we found in Discord, this is a testnet with rewards! All participants who fulfill the conditions and leave quality feedback will be rewarded. A 100% airdrop will be dropped for testers who get the “Whitelist WL” role.

Connecting to the website

• Visit the testnet website and connect your wallet.

Connecting the test network and claiming test tokens

• Switch to the “Get Testnet Tokens” section;

• Click “Add Entangle Network”;

• Next, click “Claim Testnet Tokens”;

• Then add the $LP token ticker to your Metamask wallet by clicking “Add”;

• Done.

Adding assets to Liquid Vaults

Staking

• Switch to the“Liquid Vaults” section and select a vault;

• Click “max”, then click “Approve”;

• Then click “Stake”;

• Done.

Unstaking

• Select the “Unstake” section, enter the amount of $LP and click “Unstake”;

Delegating $NGL

• Switch to the “Delegate” section and select a validator, enter the amount of tokens and click “Delegate”;

• Done.

Participating in quests on Zealy

• Visit Zealy and complete all available tasks.

Participating in quests on Galxe

• Visit Galxe and complete available tasks.

More info and upd in out tg channel — https://t.me/testnet_guide