Merak Testnet is a new platform that uses decentralized finance, created and developed by Obelisk Labs with the support of Dubhe Engine. Merak aims to advance the DeFi world by giving both users and developers access to fast and reliable solutions in a secure environment.
Important facts about Merak Testnet
- With Merak, users can develop smart contracts for Ethereum thanks to its compatibility with the Ethereum Virtual Machine (EVM).
- The performance of the network is high, ensuring rapid processing of transactions and less time for delays.
- Merak’s uses a decentralized layout, making it resilient and secure against one source of failure.
- The Galxe Quest is one of Merak’s ways to promote involvement from the community and encourage collaboration.
How to Join the This Testnet
Connect Your Wallet
- Visit the Merak Testnet Portal.
- Click on Connect Wallet at the top right corner.
- Choose your preferred EMV compatible wallet (MetaMask) and authorize the connection.
Obtain Testnet Tokens
- After connecting your wallet, navigate to the faucet section within the Merak’s Testnet portal.
- Request testnet tokens by entering your wallet address and clicking & claim or go to sui discord chanel and claim sui faucet.
- These tokens are essential for interacting with the Merak testnet features.
Participate in the Galxe Quest
- Join the Merak Testnet Launch Celebration by Dubhe Engine on Galxe.
- Complete tasks such as following @DubheEngine and @0xObeliskLabs on X (formerly Twitter), liking and retweeting specific tweets, and joining the Dubhe Engine Discord server.
- These activities enhance your web3 presence and reputation within the Merak community.
Explore the Testnet Features
- Utilize the testnet tokens to engage with various DeFi applications available on the Merak Testnet platform.
- Test functionalities like swapping, liquidity provision, and bridging assets to familiarize yourself with the network’s capabilities.
Real- World operations
The Merak Testnet serves as a precursor to a robust DeFi ecosystem with implicit operations including
- Decentralized Exchanges( DEXs) Easing peer- to- peer trading without interposers.
- Lending and Borrowing Platforms Enabling druggies to advance or adopt means in a decentralized manner.
- Asset Tokenization Allowing real- world means to be represented and traded as digital commemoratives.
- Cross-Chain Islands furnishing interoperability between different blockchain networks.
Join the Community
Stay updated with the rearmost developments and engage with the Merak community through their sanctioned channels
X( formerly Twitter) Follow@DubheEngine for adverts
and updates.
Disharmony Join the Dubhe Engine Discord garçon to connect with other community members and share in conversations.
Click Here for another project.
