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is an Ethereum-based protocol issuing $USC, a decentralized & capital-efficient stablecoin A direct competitor to Ethena Labs On-Going incentivized testnet 2% of tokens for airdrop
$USC is the stablecoin issued by Chi Protocol It's a stablecoin backed by $ETH or rebase LSTs with the aim to bring stability, scalability and sustainable economic incentives to the world of decentralized finance More details about USC:
https://chi-protocol.gitbook.io/docs/overview/what-is-usc-and-how-does-usc-work
๐ง๐ผ๐ธ๐ฒ๐ป๐ผ๐บ๐ถ๐ฐ๐ The $CHI token will have an initial circulation of 100,000,000 tokens. 2% of the supply is reserved for airdrops. You can see the rest of the distribution on the diagram below.
๐๐ป๐ฐ๐ฒ๐ป๐๐ถ๐๐ถ๐๐ฒ๐ฑ ๐ง๐ฒ๐๐๐ป๐ฒ๐ Chi Incentivized Testnet will be divided into three sections: Mint USC Earn DAO Share Options Performing tasks in each of these sections will increase your XP on Zealy.
Setup your wallet
Add Chi Test Network to your wallet:
Network Name: Chi Protocol Mainnet fork (Mainnet)
New RPC URL:
https://rpc.tenderly.co/fork/6f213964-9530-4674-9abc-f6f76bee5851โฆ
CHAIN ID: 1
Currency Symbol: ETH
Claim Faucet
Connect your wallet to: https://chiprotocol.io/dashboard/mint
Claim Faucet Add Test tokens to your wallet to reflect them on Metamask
Mint USC
Go to the MINT section & mint some $USC You can use any amount of $ETH, the important thing is to validate one or more transactions
Earn / Stake
Once you have completed your mints, go to the EARN tab and:
Stake $USC Stake $CHI Stake an LP Here again, the amount is not very important, just stake each of these tokens
XP
The DAO Share Options function is not yet live In the meantime, you can already join the Zealy campaign and collect the XP corresponding to the tasks you've performed:
Zealy quest: here
๐๐ผ๐ถ๐ป ๐๐ ๐ผ๐ป ๐๐ฒ๐น๐ฒ๐ด๐ฟ๐ฎ๐บ Annoucement : http://t.me/cryptonaito
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