A guide on how to interact with Velar dapp to be eligible for confirmed Airdrop.
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Velar is a DeFi Liquidity Protocol on Bitcoin Blockchain. On this guide we will use all features of Velar dapp.
⚡️Official announcement of testnet airdrop: https://twitter.com/VelarBTC/status/1668679914692681744
Wallet Setup:
- Install Hiro wallet: https://wallet.hiro.so/#download > create wallet > click ‘3-dot’ > Change network to testnet.
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Go to https://explorer.hiro.so/sandbox/faucet?chain=testnet > connect wallet > click ‘Request STX’
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It takes so much time to confirm transaction on BTC blockchain so be keep patience. But you can always set gas fee to high when confirming transaction on wallet to be confirmed early.
Dapp testing:
- Go to https://app.velar.co/swap > connect wallet > Swap 150 wSTX to VELAR > enter amount > click ‘Swap’ > click ‘Confirm’ > confirm on wallet.
- Go to https://app.velar.co/pool > click on ‘wSTX-VELAR’ pool > scroll down > on Add Liquidity, enter max VELAR > click ‘Confirm’ > confirm on wallet.
- Click on ‘Remove Liquidity’ > remove 5% liquidity, slide to select > click ‘Remove Liquidity’ > confirm on wallet.
- Go to https://app.velar.co/stake > enter amount(if don’t have VELAR, swap from wSTX, don’t follow my balance here I will stake again) > click ‘Approve Staking’ > confirm on wallet.
- Click on ‘Unstake’ > enter amount(5–10% of staking balance) > click ‘Remove Staking’ > confirm on wallet.
⚡️We almost tested all features & other features coming soon..I will update article when they come.
⚡️Guys, testnet is all about activity. So to maximize your Airdrop chance & token amount. Keep interact with Velar daily.
⚡️That’s it guys, If this guide was helpful, you can support me by minting this article as a NFT. Minting NFT also can eligible you for mirror potential Airdrop.