UPFI Network Testnet on Near Protocol

UPFI Network
4 min readApr 27, 2022

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Testnet app

https://near-testnet.upfi.network/

  • Stable Swap

Here is the guideline for you guys to experience our newest feature: Stable Swap There are some key points of this feature

Currently this feature supports 3 stablecoins: UPFI, USDT and USDC. More stablecoins will be added in the future. Let’s experience and feel the convenience this feature brings to you

Firstly, You need to create a testnet account https://wallet.testnet.near.org

Step 1: Connect your wallet to our website https://near-testnet.upfi.network/

Step 2: To click “faucet” on menu navigation to get token for testnet

Step 2: Kindly go to “Swap” Tab

Step 3: Select stablecoin you want to swap

Step 4: Experience fast transaction on Near ecosystem

  • Farming Pool

Step 1: Kindly go to our new farming pools and choose a pool to deposit token

Step 2: Deposit liquidity

Keep in mind that you guys are free to choose the type of stablecoin to deposit. For example, you guys can deposit UPFI or USDT only, or a combination of UPFI and USDT, or USDC and UPFI. This is so convenient that users do not need all the three stablecoins to deposit liquidity.

After depositing liquidity, you guys can start staking liquidity

Step 3: Withdraw liquidity When users want to withdraw liquidity, you guys can choose between balanced mode or single token mode.

With balanced mode, Liquidity pool will be divided equally among 3 tokens USDC, USDT, UPFI

With single token mode, LP will output to only 1 out of 3 tokens

  • Stablecoin

Step 1: Connect your wallet to our website https://near-testnet.upfi.network/

Step 2: Go to the stablecoin tab, check Mint tab

You will need USDC, UPN and Near for gas fee. Here you could use UPN and USDC to mint UPFI Token

Step 3: Redeem token of Redeem tab

You could redeem $USDC and $UPN from $UPFI token by Redeeming features

  • Farming pools

Step 1: To click “faucet” on menu navigation to get token for testnet

Step 2: To check Farming tab

Step 3: Go to the Active Farms interface, click Add LP to create the USDC-UPN pool, you will be directed to the link to add the LP.

After that, you could click on the “Approve” button

Harvest your UPS token for the next stage

Step 4: You can withdraw when you want to receive again USDT and UPN. To click button Withdraw

After that, you could click on the “Remove LP” button, you will be directed to the link to remove the LP at withdram tab

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