Quest 2 - Walkthrough Guide

Use atBTC on Rhea Finance

Participate in Quest #2 on Galxe ->

We’re excited to have you continue participating in our testnet! This guide will demonstrate how to provide liquidity to the atBTC / WBTC liquidity pool and lend atBTC on Rhea Finance on NEAR. We’ve broken this guide into two parts, one for each testnet task (as outlined on Galxe).

IMPORTANT! If you haven’t completed Quest #1 and minted atBTC on NEAR, please follow first. You will not be able to complete this testnet task without having atBTC in your NEAR testnet wallet.

If you have any questions, please don’t hesitate to ask in our community.

Part I: Provide Liquidity to the atBTC/wBTC pair on Rhea Finance

Step 1: Obtain $NEAR from the Faucet

Visit the NEAR faucet:
Select $NEAR for the Token.
Enter your .testnet wallet address (e.g., yourname.testnet).
Request 10 $NEAR.

Step 2: Swap $NEAR for $wBTC on Rhea

Select “Connect Wallet”. This guide uses Meteor Wallet, but you can use any NEAR-compatible wallet.

In the Swap interface: - From: Select $NEAR. - To: Select $wBTC.

Enter the amount of $NEAR you want to swap (e.g., 5 $NEAR).
Click the “Swap” button.

Approve the transaction in your wallet. This will confirm both the approval and signing.

You should now have $wBTC in your wallet.

Step 3: Provide Liquidity to the atBTC/wBTC Pool

Select “Add Liquidity”.

Enter the amount of atBTC you want to provide (e.g., 0.0001 atBTC). The equivalent wBTC amount will populate automatically. IMPORTANT: DO NOT USE ALL OF YOUR atBTC AS YOU WILL NEED SOME FOR THE SECOND TASK.
Click “Add Liquidity”.

Approve the transaction in your wallet.

After the transaction is confirmed, you’ll see your position on the right-hand side dashboard.

Part II: Supply atBTC and Borrow USDC on Rhea Finance

Step 1: Lend atBTC on Rhea Finance

You may need to reconnect your wallet.
Click the green “Supply” button.

Enter the amount of atBTC you want to lend (e.g., 0.0001 atBTC). IMPORTANT: Ensure the “Use as Collateral” toggle is switched ON.
Click “Supply”.

Approve the transaction in your wallet.

Once confirmed, you’ll see your supplied position on the right-hand side of the dashboard.

Step 2: Borrow USDC

Select “Borrow”.

Enter the amount of b-USDC you want to borrow (e.g., 7 b-USDC).
Maintain a healthy Health Factor to avoid liquidation.
Click “Borrow”.

Approve the transaction in your wallet.

You’ll see your borrowed position on the lower right-hand side of the dashboard.

Congratulations! You’ve successfully completed the two testnet tasks for Quest #2.

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Last updated 29 days ago