What is Factor? Factor is a platform for decentralized finance (DeFi) that consolidates all existing DeFi assets in one place as a building blocks. It provides an infrastructure and liquidity layer, paving the way for the development of innovative financial instruments and strategies.
What is the Factor v2 testnet?
The Factor v2 testnet is a public platform where users can test and explore the functionalities and features of the upcoming Factor v2. The testnet provides an opportunity for users to familiarize themselves with the Factor v2 interface and usage before its official launch
Where can I try the testnet?
How do I connect to the Factor v2 testnet? To connect to the Factor v2 testnet, you need to set up your MetaMask wallet to connect to the Hardhat network. This involves adding a new network with the following details:
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Network Name: Hardhat
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New RPC URL: https://factor-node.fly.dev/
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Chain ID: 31337
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Currency Symbol: ETH
What can I do on the Factor v2 testnet? On the Factor v2 testnet, you can explore various vaults, each with detailed information like Total Value Locked (TVL), Annual Percentage Yield (APY), and a performance chart. You can also participate in governance, stake tokens, delegate your voting power, and manage your portfolio.
What is the Faucet function on the Factor v2 testnet? The Faucet function allows users to receive tokens from faucet and participate in the vaults on the testnet.
- Make sure to initiate the transaction and cover gas fees by sending ETH from the faucet.
- Take note of the specific asset required for each vault and send the corresponding asset through the faucet.
- After the faucet tab displays "transaction successful," refresh the page (F5), and the asset from the faucet should be visible.
- Then, proceed with a smooth and user-friendly deposit process within the vault.
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