Cedro Finance is a decentralized liquidity protocol that operates across multiple chains, allowing users to lend and borrow listed assets with cost-effective transaction fees. The platform facilitates asset deposit by lenders to contribute to liquidity, while borrowers can access overcollateralized liquidity.
Cedro Finance has announced plans to launch their own token called “CED” in the future. Early users who have actively engaged with the testnet may have the opportunity to receive an airdrop when the token is officially launched.
Here’s a step-by-step guide to participating:
1. Visit the Cedro Finance testnet page.
2. Connect your wallet to the platform.
3. Change the network to any available testnet chain.
4. Click on “Get test token” to claim the testnet tokens specific to your chosen chain.
5. Explore the “Market” page and select an asset of interest.
6. Engage in supplying and borrowing the selected asset.
7. Experiment with supplying and borrowing assets on multiple chains.
8. Proceed to the “Dashboard” section to withdraw some tokens.
9. Cedro Finance has confirmed plans to launch their own token, “CED,” in the future. Early users who have actively participated in the testnet may potentially receive an airdrop when the token is officially launched.
10. Please note that while the possibility of an airdrop exists, there is no guarantee, and it remains speculative in nature.
11. If you’re interested in discovering other projects that have not yet launched a token but may potentially airdrop a governance token to early users in the future, you can check out our list of potential retroactive airdrops to stay informed about upcoming DeFi airdrops.
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