Monad Testnet Part 3 - New Dapps!! Let's do everything!! #monad #crypto #airdrop
Jimbo's Crypto Land
about 1 month ago
The summaries and transcripts on this page are generated with AI technology and may not perfectly represent the content of the video. Please use the information as a guide only.
Executive Summary
The video dives into the Monad testnet, showcasing new decentralized applications (dApps) and strategies to maximize airdrop potential. Monad is positioned as a high-speed, low-cost blockchain with significant hype, making it a prime target for airdrop hunters. The presenter walks through 10 steps to interact with various dApps on the Monad testnet, emphasizing the importance of diversified participation to increase chances of rewards.
Key Projects and Steps:
Monad Testnet Tokens
- Core Functionality: Acquiring testnet tokens to interact with Monad's ecosystem.
- Recent Updates: New methods like the testnet bridge (powered by LayerZero) and faucets (e.g., Alchemy, Sepolia Proof of Work) are highlighted.
- Reason to Farm: Interaction with these tools may qualify users for future airdrops, including potential rewards from LayerZero.
- Participation: Bridge Ethereum from Sepolia to Monad via Orbiter Finance, then swap to Monad tokens on supported DEXs.
Dirol DEX
- Core Functionality: A decentralized exchange for swapping tokens on Monad.
- Reason to Farm: Swapping tokens here could contribute to airdrop eligibility.
- Participation: Swap tokens like Monad and USDT, but avoid bot-like behavior to stay under the radar.
Ammalgam DEX
- Core Functionality: Offers swapping and liquidity provision, with future plans for leveraged positions.
- Reason to Farm: Adding liquidity to pools (e.g., RAP/Monad/USDT) may yield rewards.
- Participation: Deposit assets into pools and create market-making positions.
DeMask NFT Platform
- Core Functionality: An NFT marketplace on Monad.
- Reason to Farm: Minting or trading NFTs could be part of the airdrop criteria.
- Participation: Create collections or mint NFTs, though availability may vary.
Summer Money (Borrow/Lending Protocol)
- Core Functionality: A DeFi platform for deposits, loans, and liquid staking derivatives.
- Recent Updates: Features a point system tied to their own airdrop campaign.
- Reason to Farm: Deposits and borrowing activities may qualify for rewards.
- Participation: Deposit assets, enable collateral, and borrow tokens. Register for their airdrop campaign via X (Twitter), Discord, and Telegram.
Castora (Predictions Market)
- Core Functionality: A platform for betting on asset price movements.
- Reason to Farm: Participation in prediction markets could be rewarded.
- Participation: Predict price movements of assets like Solana or Ethereum (when functional).
Nitro Finance DEX
- Core Functionality: Another DEX with swapping and liquidity provision features.
- Reason to Farm: Swapping and adding liquidity may contribute to airdrop eligibility.
- Participation: Swap tokens and provide liquidity to pools (e.g., Nit/USDC).
Zona (Real Estate Market)
- Core Functionality: A platform for betting on real estate price trends.
- Reason to Farm: Interaction may be part of future airdrop criteria.
- Participation: Bet on real estate markets (e.g., Hong Kong, Singapore) when the platform is live.
Clober DEX
- Core Functionality: A DEX with limit orders and liquidity provision.
- Reason to Farm: Setting limit orders and adding liquidity may yield rewards.
- Participation: Swap tokens, set limit orders, and add liquidity to pools.
MonadFlash (Meme Coin Platform)
- Core Functionality: A platform for creating and trading meme coins.
- Reason to Farm: Creating or trading meme coins could be part of the airdrop criteria.
- Participation: Trade meme coins or create your own.
Why This Matters:
Monad’s testnet offers multiple avenues for airdrop hunters to engage, from DeFi protocols to NFT platforms. The presenter stresses the importance of diversifying interactions across these dApps to maximize potential rewards. While Monad is highly hyped, the video reminds viewers to explore other airdrops as well, treating it as a numbers game.
Transcript
Transcript
There's a crypto project that aims to be the fastest, the cheapest and the best blockchain out there. Its name is Monad. You know exactly what I'm talking about. This is my first video where I explain everything about Monad. This is the second video where the testnet began and this is my third video, the part 2 of the testnet. Guess what? Today we have part number 3 of the testnet. And guess what? Again, I'm already building the part number 4 for Monad. Like always, all the information for today's video can be found on the first link of the description and this redirects you on my website. Guys, remember that Monad is just one airdrop. Yes, it is very hyped. Yes, it has a great potential, but it remains only one airdrop. So don't get all your hopes on Monad. Come on my website here. Look at this. Numerous airdrops. Start doing them. It's a number game. If you get into a lot of them, you will be rewarded. Period. It's a number game. Now, if you want to take your airdrop hunting to the next level, come and join our team. This video is only for entertainment. I'm not a financial advisor. I'm just a guy on the internet. Let's start on step number 1 with more ways on how we can get Monad testnet tokens. On my first video, we saw all the faucets, but this is very frustrating. They're not working. On my second video, to me, this is the best way to get Monad tokens through gas.zip. Yes, you pay with real money, but this is very easy. Now, let's explore new ways. There's something called testnet bridge, which is also powered by layer 0. So by interacting here, you already doing transactions for the second airdrop of layer 0. The OGs of the channel remember this. We use this a lot on linear testnet. You can bridge real Ethereum from the mainnet, from optimist and arbitrum to testnet Ethereum Sepolia by this testnet bridge. Other ways to get Ethereum on Sepolia is the alchemy. You can register here and request every 72 hours. And our favorite faucet, the Sepolia proof of world. Drop here your EVM address, start mining Ethereum Sepolia. And once you get a lot of Sepolia, right now I have 20 or fee, you can bridge the Ethereum from Sepolia to wrapped Ethereum on Monad through Orbiter Finance testnet website. And once you got your wrapped Ethereum on Monad, you can go to one of the Dexes. You can find a lot of Dexes here on my first and on my second video and swap them to Monad. Step number two, D-Roll Dex. Here we are trading and staking are coming soon. For now, only swapping. So select Monad or any other token here, USDT and start swapping right over here. Do as many as you can, guys. But please don't look like bots. Don't do a hundred swaps back to back. Do a couple of swaps next day again. This is testnet. Also, this is not working as you can see right now. Welcome to the airdrop testnet world. So come back tomorrow, next week, whatever. Let's explore the Amalgam Dex for step number three. Here we are on the Trade tab and on the Swap tab. Here, of course, you can swap between those assets like all the other Dexes. Long and short positions are coming soon. Let's go to the pools. As you can see, I've already added liquidity on RAP, Monad and USDT. So you can choose your pool here like me, for example, this one and add some liquidity by using D-Leg. This is the D-Leg where we can do it. You can start here by market making, leverage market making. Doesn't really matter. Choose the first one, a portion of your assets, delta gamma and create your position. Just approve the RAP, Monad, the RAP, Ethereum and now I'm confirming my position. Transaction successful. Guys, sometimes the transaction fails. Keep going, keep clicking. Let's explore now the D-Mask NFT platform for step number four. On the Explorer tab, scroll down, choose any of these and you can buy. For example, if you click this NFT, let's buy it right now. All right. These are some really weird pools. I don't really get them. Anyway, doesn't really matter. Let's go to create our collection or create an NFT. Let's choose collection for now and fill all these fields. Drag or drop an image here. Give it a name. Choose any of this category, a simple description and create it. You can do exactly the same on the NFT. Let's go on landspand right now and mint these NFTs. Where are the NFTs? Oh no, it's already over. Don't worry. These were the NFT. Maybe we can have more here in the future. Step number five, our first borrow lending protocol for today. It's called summer money. Typical borrow lending protocol. You deposit something, you take a loan. I just deposited Monad and USDC. As you can see, you can do it by scrolling down here on the lending market. Deposit some Monad. Deposit any of these tokens that you have. For example, USDT right now, I'm going to deposit one. And now on my deposit, USDT also appears. If I enable this as a collateral, right now as you can see, it's already enabled. I can borrow some amounts of other tokens. For example, USDC. You can borrow one. For example, here we go. Also, there's the summer money multiplier. Here you can mint these three liquid tech derivative tokens. Let's now mint this SUEthereum. I'm choosing like 0.001 and I'm minting the SUEthereum. And like on deposits right now, on my liabilities, I can see the new SOU Ethereum. And here I can repay my loan. There is also their point system. They're having their own airdrop. If you click it, you can come here and register for their campaign. Just connect your X account, your wallet, your discord and your telegram and click on register. And once you register here, you can see all the dashboard of your points. So you need to deposit and liquidity providing like we already did here. Castora predictions market for step number six. Here on pools and on experimentals is the same thing. You can predict the price of an asset. Let's go for Solana right now. I'm joining the pool. An error occurred. Obviously, welcome to the testnet world. Let's see the hype. Not same thing. Let's go for Ethereum. I don't know. Right now, Castora is not working here. My activity, as you can see, I've already did one on the show. When this starts working again here on the open tab, you will choose the token that you want and you will bet that if this goes up or down. One more decentralized exchange for step number seven. It's called Nitro Finance. Before we start swapping here, let's go to pool and click on the get needs. So you can get the need faucet here on trade. Now you can swap between these assets. Monad, USDC, RAT, Monad. These are some meme coins and there is need. So start swapping between those assets. Then you can go to pool and enter liquidity here to any pair that you like. On liquidity position, you can see your position. I did this. Right now, it's out of range, as you can see. So I need to rebalance. But for now, I'm going to enter a new liquidity. I'm searching for nit. This is the new pool. Nit with USDC. So two-sided, choose your strategy here. Enter the amount. This was a big amount of 5 and 2.78 USDC. I'm proving to enter your liquidity. On pool, stop there's also something called break. Monad, I'm opening it. Oh my god, Tom Cruise is coming. Oh, Mission Impossible is on. Let's connect right over here to see. Obviously, it's a game. So if you have the time, play this game. Step number 8, we can find Zona. This is a real estate market. We can bet if the price of a real estate goes up or down. Here on the markets, we can see Hong Kong, Singapore, Dubai and London. Unfortunately, right now, season 1 is over. But tune in for season 2 later this week. So maybe by the time you're watching this video, this could be on. So come here on markets and bet on any real estate market. Globber decks for step number 9. Here we are on the trading feature. And as you can see, you can swap between these tokens. Let's swap between Monad and USDC right now. And you can also set limit orders. For now, it's 15.98. So let's set this for 16 and buy 0.2 Monad on this price. I'm setting my limit order and I'm placing this order. On the vaults tab, you can also enter some liquidity. I've already done it with USDC and Monad. You can add liquidity here. So choose your amount and enter liquidity like we did on all the other DEXs. And on the future stuff, you can trade and mint even stocks. This is great. You use your collateral like USDC to borrow some assets. Let's do this for Apple to see if this works. Right now, I'm choosing 2 and I'm clicking here. 0.00 an hour. So I'll try to borrow our price fee for low traditional market hours. So all right, because the stock market right now, it's closed. You cannot do it. But when stock market opens, you should try this. I think this is a great idea. And when this comes on Maynet, this will be a very interesting perspective. I think a lot of investors will like something like this. Let's finish right now with step number 10, the Monad Flush. Here we can create and trade meme coins. Let's go here first on trading feature. Let's go scroll down, choose a meme coin. I don't do meme coins, but let's check this for example. So here put the amount of Monad tokens and you buy this using your Monad. And now on the create tab, you give your name, your coin, you give it a sticker, an image, a description, and create your meme coin. You have to choose how many tokens you want to buy. For example, one. And I said, go big. So here we go. And that was it. So Monad part three is over. I'm already building part four, as I already told you. And maybe we could have part number five. I always try to bring you the best alpha. So please hit that like button. A lot of help for me if you really do this. And if you found this information useful and I really liked the comment, come to my website here. You can find a lot of airdroves. That was it for today. See you on the next one.