Introduction

In this guide, we're going to explore Pryzm Network and how to interact with the ongoing testnet.


What is Pryzm?

Pryzm functions as a layer 1 blockchain focused on optimizing yields. It provides tools to effectively navigate price volatility and unpredictable yields, enabling users to access future yield and enhance profitability. Operating on the Cosmos platform, Pryzm facilitates the exchange of future staking rewards for various tokens, including fixed yield tokens, leveraged yield tokens, and stablecoins.



Step 1

First, we need to acquire some testnet tokens, to do this, go to testnet.pryzm.zone/faucet & connect your wallet.

For this guide, we'll be using Keplr Wallet.

Click "Request Tokens" and after a few seconds you should receive 10 USDSim & 2 PRYZM.




Step 2

Now we're going to perform some swaps, so head over to testnet.pryzm.zone/swap

Select USDSim as the first token and LP-LUNA as the second token, insert any available amount, hit "Swap" and approve the transaction.

If you're looking to earn a potential airdrop, you may want to repeat these swaps several times between different tokens to maximise your testnet activity.



Step 3

Next, we're going to take a look at delegating our tokens.

Head over to testnet.pryzm.zone/gov?q=1, insert any available amount of PRYZM tokens, choose any validator and press "Stake".



Step 4

Now we're going to provide liquidity using our PRYZM & LP-LUNA tokens.

Go to testnet.pryzm.zone/pools and choose the LP LUNA/PRYZM pool.

Insert any available amount of both tokens and hit "Provide liquidity".





Step 5

Finally, let's take a look at Liquid Staking.

Head to testnet.pryzm.zone/pryzm/bond, insert any amount of ATOM, hit "Accept and Bond" and approve transaction.

If you don't have any ATOM you can go back to testnet.pryzm.zone/swap and perform a swap for some.






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.