# Algorand Hackathon Elementfi Test Network Operation Guide

By [ Crypto.Fanatics](https://paragraph.com/@141545) · 2022-03-30

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![](https://storage.googleapis.com/papyrus_images/5020cf7bf22fa2c251629813cac192b23692560659e9b453022cfcd0e9dbefc9.png)

1.Project introduction
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Element is the first community-managed stablecoin DeFi infrastructure powering future financial activity that solves the most important trilemma of stablecoins. It has received investment from the Algorand Foundation and won first prize for innovation at the Algorand Hackathon.

2.Introduction to the test
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### Step-1: Create a wallet

[https://wallet.myalgo.com/new-account](https://wallet.myalgo.com/new-account)

### Step-2: Receive test coins

**Need three coins, the first ALGO used as gas can also be used to swap other coins, access to the URL：**

[https://bank.testnet.algorand.network/](https://bank.testnet.algorand.network/)

**USDC Get：**

[https://testnet.elementfi.io/bond](https://testnet.elementfi.io/bond)

![](https://storage.googleapis.com/papyrus_images/6351ea743d4049324c88207c4939cee841b08a5e9d11a78b3c37f6196d6d7d5a.png)

![](https://storage.googleapis.com/papyrus_images/f55a18165a62a3f15655aa3756ed9d62f1262edb6f1d902b4f6b146758f16796.png)

By the way here a function point test

![](https://storage.googleapis.com/papyrus_images/eb8b3c816df55af7cb3bdcea0b6ea37c744b186f04eb640fcbd1984eb40a9fed.png)

\*\*1.\*\*Authorization--\*\*2.\*\*Click Purchase Bond, enter 10, use the 10USDC you just received to purchase, there will be a countdown after you finish, you can come to claim after the time is up.

**ELEM Get:**

You can get it from the swap below, from USDC or ALGO, or from Step-5 table.

### Step-3: Test swap

[https://testnet.elementfi.io/swap](https://testnet.elementfi.io/swap)

Link the wallet in the upper right corner and redeem a portion of ELEM

![](https://storage.googleapis.com/papyrus_images/4678e963edd84743c73bffca49376d3f310ff1eeecb93376cd9a0f33fd6b4961.png)

### Step-4: Test Pool

[https://testnet.elementfi.io/pool](https://testnet.elementfi.io/pool)

1.Select Add Liquidity-2.Add ALGO+ELEM liquidity(the number of ELEM should be less than the number of Balance)-3.Add ALGO-EINR liquidity

**Add liquidity 2:**

[https://testnet.elementfi.io/FarmStaking](https://testnet.elementfi.io/FarmStaking)

The same operation take, pledge ALGE/EINR

### Step-5: Test Launchpad

[https://testnet.elementfi.io/launchpad](https://testnet.elementfi.io/launchpad)

Provide ALGO

### Step-6: Test stake

[https://testnet.elementfi.io/single-stake](https://testnet.elementfi.io/single-stake)

### Step-7: Test mint with redeem

Here is the casting, mint EINR

[https://testnet.elementfi.io/redeem](https://testnet.elementfi.io/redeem)

Redemption

**Welcome to join #NowhereDAO, a free information and token information sharing platform:**

[https://discord.gg/JHXpb8KDzk](https://discord.gg/JHXpb8KDzk)

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*Originally published on [ Crypto.Fanatics](https://paragraph.com/@141545/algorand-hackathon-elementfi-test-network-operation-guide)*