Introduction

In this guide, we're going to explore the Entangle testnet and learn how to claim test tokens as well as how to test their Liquid Staking and Delegation features!


What is Entangle?

Entangle is an innovative messaging infrastructure tailored for web3, aimed at enhancing ecosystem liquidity. It offers customizable and secure data transmission on the blockchain, catering to builders and decentralized applications (dApps).

By facilitating interoperability and security configuration, Entangle lays the groundwork for enhancing liquidity and expanding the reach of applications across various blockchains.

One of Entangle's key features is Liquid Vaults, its native dApp, which leverages the platform's capabilities to optimize liquidity. Liquid Vaults enables the composability of yield-bearing assets, enhancing liquidity through the refinancing of these assets. It achieves this by introducing 1:1 Asset Backed Liquid Staking Derivatives (LSDs), supported by Entangle Data Feeds, thereby broadening the utility of yield-bearing assets.

Step 1

To get started, head over to test.entangle.fi & connect your MetaMask wallet.




Step 2

To claim test tokens, we need to go to test.entangle.fi/faucet and click "Claim Test Tokens", this will give us 1000 LP tokens and 0.1 NGL.

Now click the "Add" button to add the LP token to MetaMask.

If you want more test tokens you can click the "Claim more" button.






Step 3

Next, we're going to stake NGL tokens using the Liquid Staking feature.

Select the NGL Vault, insert any amount and hit "Approve", then "Stake" to submit.

Again, click "Add" to add the LSD token to MetaMask.










Step 4

Next, let's delegate some NGL.

To do this, head over to test.entangle.fi/delegate, select a Validator, input any amount of NGL and hit "Delegate".








Step 5

Now we should join the Entangle Discord Server & verify ourselves.




Outro

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Disclaimer: This guide is provided strictly for educational purposes and should not be considered financial advice. The content is designed to offer insights into various web3 topics & projects.

We do not recommend putting real money into random projects without conducting plenty of your own research first. It is crucial to make informed decisions based on your own understanding and risk tolerance.