Defi Protocol Ratio Finance (Solana Chain) Test Net Tutorial

Ratio Finance is a Defi protocol deployed on the Solana chain that unlocks LP liquidity by locking in LPs as collateral to mint USDr, a stable coin with a soft peg to USD. Investors include Rarestone Capital, Alameda Research, CMS, Divergence Ventures, New Form, Solana, Raydium and others. In July 2021, the company raised $2.5 million in funding from Rarestone Capital, Alameda Research, CMS and others, and opened its beta network on March 21, 2022.

1.To receive Sol test coins as gas fee, enter Solona address and select DEVNET.

https://solfaucet.com/

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2.Open the Ratio Finance test network and connect the wallet, click on Faucet Casting LP (USDT-CASH/ USDC-CASH/ USDC-USDT/ USDC-PAI).

https://dev.ratio.finance/dashboard

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3.Back to the main interface of the test network, there are currently 4 LP pools open, you can select any liquidity pool to add liquidity, click Deposit - Set up vault.

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4.LP pool to retrieve some of the liquidity and click Withdraw.

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5.Lock the LP, mint the stable coin USDr and click on Mint.

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6.Partial repayment of the stable coin UDSDr, by clicking Pay Back.

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7.After a period of time, re-enter the LP pool to harvest the LP mining proceeds and click on Harvest.

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