UniLend v2 Testnet User Guide

UniLend Finance
4 min readOct 28, 2022

UniLend v2 testnet is now live on Sepolia Network and Polygon zkEVM. Checkout the testnet here: https://testnet.unilend.finance

In this guide, we will highlight the steps to be performed by testers in order to successfully test the Lending/Borrowing portal.

Things you will need to get through the testing:

  • Metamask wallet
  • Wallet connected with the Sepolia Testnet
  • Test tokens from the faucet

Step 1: Install Metamask (if not already a user)

Visit Metamask — metamask.io/download.html and select the Browser you use. Click on Install to Proceed

Create a new wallet if you do not already have one

After agreeing to T&C, set a strong password

Do not forget to save and validate your secret word code

Step 2: Connect to Sepolia Test Network

In Metamask, open the dropdown and click Sepolia Test Network

Step 3: Acquire Test tokens (UFT, Matic, USDC)

To acquire testnet tokens and sepoliaETH for transactions and other test tokens follow the below steps:

  1. Click on the “Faucet” link beside the lend option in a pool or go to the following link: https://chaindrop.org/

2. Select the relevant network and test tokens you need. Fill in your metamask address and click on “Send me”.

Step 4: Begin Lending and Borrowing

Let us see a step-by-step guide on how to use UniLend v2 with an example.

Lend

  1. Select UFT/USDC pool from the list.

2. Select UFT to start lending.

3. Enter the amount you want to lend.

4. Approve spending the asset from your wallet. (Only required once)

5. Click on the “Lend” button.
6.Approve the transaction from the Metamask popup.

Borrow

Once you have successfully supplied your asset in a liquidity pool, you can borrow the alternate asset from the same pool.

  1. Select USDC to borrow.
  2. Click on the “Borrow” tab.

3. Enter the number of USDC you wish to borrow.

4. Click on the “Borrow” button.
5. Approve the transaction from the Metamask popup.

Repay

  1. Go to the UFT/USDC pool.
  2. Select USDC to repay the debt.
  3. Click on the “Repay” tab.

4. Enter the amount you wish to repay or click on the “Max” button to repay the total amount.

5. Approve the transaction from the Metamask popup.

Redeem

  1. Go to the UFT/USDC pool.
  2. Select UFT to redeem.
  3. Click on the “Redeem” tab.

4. Enter the amount you wish to redeem or click on the “Max” button to redeem the total amount.

5. Approve the transaction from the Metamask popup.

Want further clarity on how to test UniLend V2? Watch our full video guide:

Website | Telegram Community | Announcements Channel | Twitter | Blog | Github | Reddit | Instagram

--

--

UniLend Finance

UniLend is a Multichain protocol for Lending & Borrowing all ERC20 tokens permissionlessly. Website: https://unilend.finance