EN
Inertia is recognized as the first modular lending protocol, and its test net offers users a unique opportunity to engage with its features. Previously, users interacted with the Initia test net, and now they are eagerly awaiting their test net rewards. The process begins by visiting the Initia platform, which serves as the layer one, while Inertia operates as the layer two solution.
To start, users should navigate to the Initia platform to claim their test tokens. It's important to note that while the previous test net required a Kepler wallet, the current Initia test net necessitates the use of an EVM-compatible wallet. After successfully claiming the test tokens, users can proceed to the Inertia application interface.
Upon accessing the Inertia app, users will find a user-friendly interface. The next step involves minting two types of tokens: N Init and S Init. Minting N Init allows users to earn rewards, while S Init can be used as collateral on the lending page. The minting process operates on a one-to-one ratio for N Init, while S Init yields a slightly lesser amount.
After minting both tokens, users can stake their N Init to start earning INR rewards. It is crucial to ensure that the switch for maximum rewards is activated. Staking will yield rewards 24 hours later, allowing users to track their earnings through the platform's interface.
The lending functionalities occur on the Inertia layer two. Users must ensure they have sufficient INR tokens to cover gas fees for transactions on this layer. Staking N Init is the primary method to acquire INR, and users should wait for 24 hours post-staking to access their rewards.
To engage in lending, users must transfer their S Init from layer one to layer two. This bridging process is essential for accessing the lending features. It is advisable to have at least 21 S Init to avoid minimum balance issues during lending and borrowing tasks.
Once users have supplied their S Init to the lending pool, they can borrow against it. The amount available for borrowing is contingent upon the initial supply. Users should be aware of the minimum borrowing limits and ensure they have sufficient collateral to facilitate their transactions.
Every transaction on the Inertia test net accumulates points, which can be tracked through the platform. These points are essential as they will be partially migrated to the mainnet upon launch. Users should note that 50% of the points earned during the test net will transition to the mainnet, while the other half will be available during the token generation event (TGE).
The Inertia test net provides a comprehensive platform for users to engage in lending and borrowing activities. With clear steps for claiming tokens, minting, staking, and bridging, participants can maximize their experience. As the test net concludes on April 8th, users are encouraged to take full advantage of the opportunities presented.
Q: What is the Inertia Test Net?
A: Inertia is recognized as the first modular lending protocol, and its test net offers users a unique opportunity to engage with its features.
Q: How do I claim test tokens?
A: Users should navigate to the Initia platform to claim their test tokens using an EVM-compatible wallet.
Q: What types of tokens can I mint on the Inertia app?
A: Users can mint two types of tokens: N Init, which allows users to earn rewards, and S Init, which can be used as collateral on the lending page.
Q: How can I earn rewards through staking?
A: After minting N Init, users can stake it to start earning INR rewards, ensuring that the switch for maximum rewards is activated.
Q: What should I know about the lending process?
A: The lending functionalities occur on the Inertia layer two, and users must have sufficient INR tokens to cover gas fees for transactions.
Q: How do I bridge tokens from layer one to layer two?
A: Users must transfer their S Init from layer one to layer two to engage in lending, and it's advisable to have at least 21 S Init.
Q: What is the process for borrowing and repaying loans?
A: Users can borrow against their supplied S Init in the lending pool, but they should be aware of minimum borrowing limits and ensure they have sufficient collateral.
Q: How can I track points and rewards?
A: Every transaction on the Inertia test net accumulates points that can be tracked through the platform, with 50% transitioning to the mainnet upon launch.
Q: What is the conclusion regarding the Inertia test net?
A: The Inertia test net provides a comprehensive platform for users to engage in lending and borrowing activities, with clear steps for maximizing their experience.