How to get Compound cTokens from Goerli testnet
- Connect to https://app.compound.finance with goerli testnet
- You also need some testnet ETH for gas fee
- Get some testing USDC or DAI from compound finance faucet (In this walkthrough we will use DAI)
Get Test ETH
To access the Goerli testnet, first create an account on Alchemy: https://www.alchemy.com/
- From the dashboard, click “View Details” next to “Demo App” on Goerli network
Click “Get Test ETH” on the right
Click “Sign Up for Free”, you should be redirected and logged in with alchemy automatically
Copy and paste your testnet address from Metamask to receive ETH on Goerli
Get Test ERC20 tokens (DAI, USDC)
Visit https://app.compound.finance/ and connect to Goerli Network
Click DAI or USDC under Supply Markets, click WITHDRAW tab, then click FAUCET
Confirm transaction in Metamask, wait for block confirmation and you will receive 100 tokens
Supply your DAI or USDC to related market
Now, you should have 100 equivalent of cTokens, Congrats!
Go to Infinity >> Dashboard, and you should have some cDAI tokens, called T_cDAI
In this article, we explore the relationships between ETH Staking, and ETH Floating/Fixed Interest rates. How are they related? How are they different? Let's find out...
We went in search of the metrics that Crypto holds itself accountable to, and voila, they didn't exist. We then set out to map out what would be a good starting point.
Ushering in a new era of transparency and stability for the future of Crypto