Fountain Protocol’s Testnet Campaign: 2,000,000 $FTP Airdrop

Dhanial Anthony | Cryptosium
5 min readFeb 17, 2022

On February 14, we are thrilled to announce the launch of Fountain Protocol testnet on Oasis network. This version will enable users to effortlessly supply, borrow, earn interest with their digital assets, and get rewards by staking FTP tokens or depositing LP tokens to the protocol.

To spread the news and celebrate this, we’re giving away 60,000 FTP tokens to our community users who have tested the product and completed all the required tasks! Join now to win free crypto!

What is the Fountain Protocol ?

Fountain Protocol is the first cross-chain lending platform powered by Oasis. The protocol enables users to experience high capital efficiency one-stop management of DeFi assets.

Taking advantage of the extremely efficient and low-cost Oasis Network, Fountain Protocol establishes a multi-revenue protocol with a fund pool as the core and multiple application scenarios.

Details of Fountain Testnet Airdrop Campaign

Total FTP Reward: 2,000,000 FTP

Campaign Period: February 14, 8:00 to February 21, 23:59 (EST)

Reward Timeline: We will send the Airdrop reward to the eligible users’ wallet address within 15 days of the end of the campaign. And the eligible users who complete all of the step-by-step testnet introductions and all the required tasks below will be given airdrop.

Campaign Tasks:

1: Follow all Fountain Protocol’s Social Media

Twitter: twitter.com/fountainprot

Medium: medium.com/@fountainprot

Discord: discord.gg/tTxBspHqep

Telegram Group: t.me/fountainproto

2: Retweet and like the below twitter, tag and share with your three friends.

3: Complete all of the step-by-step Fountain Protocol testnet functions, here is the testnet User Guide: https://docs.ftp.cash/support/testing-fountain

4: Submit your social media IDs and ERC20 address to the Airdrop information collection form.

https://forms.gle/MEzYKKTFkmUqChCfA

Note:

You have to complete all of the steps in this instruction, which help you meet requirements to receive the reward from the Fountain airdrop campaign!

The parameters on the testnet may deviate from the actual data on the market, therefore you need to check the data to ensure accuracy when operating on the system.

All these actions are performed in a testnet environment, please do not deposit real tokens into the system.

Guide to Test Fountain Protocol

Step 1: Add the Oasis Testnet to Metamask

Visit https://ftp.cash/, then Approve Fountain to switch the MetaMask network to Emerald Testnet. Or Click on “Custom RPC” and enter the following information:

• Network Name: Emerald Testnet

• New RPC URL: https://testnet.emerald.oasis.dev

• Chain ID: 42261

• Symbol: ROSE

• Block Explorer URL: https://testnet.explorer.emerald.oasis.dev/

Press “Save” after filling in the information above.

You have now successfully added the Emerald Testnet to your MetMask.

Step 2: Get Testnet Tokens

Go to https://ftp.cash/ then click the Faucet menu on the left side of the screen and choose the Testnet token you want to receive for free. Noted: You need to have ROSE to be gas in all Fountain transactions.

Step 3: Test the Product

1. Test as Supplier

Go to https://ftp.cash/dashboard/markets chose deposit the token that you’ve already got faucet: ROSE, ETH, USDT, or USDC.

Click on the MARKETS tab on the menu and click on “SUPPLY”, then chose deposit the token that you’ve already got faucet: ROSE, ETH, USDT, or USDC in the SUPPLY dashboard.

Enter the amount of the token to be supplied or press Max to deposit the wallet’s entire balance of that token, then press the Supply button to initiate to transaction and deposit the tokens.

Noted: If this is your first time using this token you’ll need to perform two transactions. The first is to approve the Fountain smart contract to withdraw your tokens from your wallet and the second is to perform the actual transaction.

After confirmation on your MetMask, you have successfully deposited the asset to Fountain and it starts earning interest.

To withdraw, locate the WITHDRAW button under the “Supply” dashboard and click on WITHDRAW on the selected asset.

Then select the amount to withdraw and submit the transaction.

2. Test as a borrower

Before borrowing, the user is required to deposit an accepted asset to be used as collateral. Ensure that the “Use as Collateral” tab is enabled in the “Supply” section as shown in the image below:

Then click on the MARKETS tab on the menu and click on “Borrow”

Select the type of asset from the drop box menu in the “Borrow” dashboard, then enter the amount of the token to be borrowed or press 80% Limit

Confirm on your MetaMask wallet to complete the borrow process, Now you have borrowed successfully ​and it starts accruing payable interest.

To repay your asset, you need to go to the “Borrow” dashboard and snap on [Repay].

Then enter your desired amount to repay and confirm your transaction.

Part 3: Test the Rewards functions.

To earn more rewards, FTP holders can easily stake their tokens onto Fountain Protocol. You can claim your mined FTP in REWARDS tab. Click “Claim” and then approve the transaction in MetaMask popup.

Click on the REWARDS tab on the menu and click on “stake” in the stake(FTP) page.

Enter the amount of the token to be staked or press Max to deposit the wallet’s entire balance of FTP. If you stake FTP for the first time, you will need to Approve transactions against this asset. Click “Enable” and approve the transaction in MetaMask popup.

Click “Stake”. Once the transaction is confirmed, FTP is successfully staked over Fountain and your FTP rewards will automatically accrue!

And you can also deposit your Yuzu DEX Liquidity Provider tokens to earn rewards.

Click on the REWARDS tab on the menu and click on “Deposit” in the Yuzu DEX Rewards page.

In the FTP/ROSE LP, you have to deposit FTP and ROS tokens of the same USD value. Make sure that you have sufficient assets of each type. Enter the equivalent amount of FTP or ROSE that you want to deposit. The other field will get filled up automatically.

Approve the pool if you haven’t already, then click “Enable” and approve the transaction in MetaMask popup.

Click “Deposit” and once the transaction is confirmed, you will receive an amount of LP tokens equal to your share of liquidity.

If you have any questions, don’t hesitate to ask us in our discord server or telegram group.

About Fountain Protocol

Fountain Protocol is the first cross-chain lending platform powered by Oasis. The protocol enables users to experience high capital efficiency one-stop management of DeFi assets. Taking advantage of the extremely efficient and low-cost Oasis Network, Fountain Protocol establishes a multi-revenue protocol with a fund pool as the core and multiple application scenarios.

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