Ceitnot Testnet: Build Toward $CEITNOT

Ceitnot Testnet: Build Toward $CEITNOT

The Ceitnot public testnet is live, giving Crypto Club Earners a way to test a collateralized lending protocol on Arbitrum Sepolia and build activity toward the confirmed $CEITNOT airdrop. The campaign rewards early contributors, including vault depositors, borrowers, liquidity providers, community contributors, partners, and integrators. Eligibility rules and the snapshot date are still to be published, so the practical move is to start early, use the testnet consistently, and keep your wallet activity clean.

Ceitnot centers on CDP lending, where users deposit collateral and borrow against it. Its core feature is the Yield Siphon Engine, which harvests yield from collateral vaults and applies it toward outstanding debt. Users borrow ceitUSD, an overcollateralized stablecoin, then manage their Health Factor across markets while testing deposits, borrows, repayments, withdrawals, and Peg Stability Module swaps.

Ceitnot Protocol is building a DeFi credit system around yield-bearing collateral, ceitUSD, and the $CEITNOT governance token. Holders will be able to lock $CEITNOT as veCEITNOT for voting power and protocol emission boosts. The project says its contracts are open-source, verifiable onchain, and audited by ContractWolf, though no public founder or company details were disclosed on the source page.

Step-by-Step Guide for the Ceitnot Testnet

1. Open the Ceitnot testnet portal, connect a testnet EVM wallet such as Rabby or MetaMask, and approve the switch to Arbitrum Sepolia.
2. Claim free Arbitrum Sepolia ETH for gas from the QuickNode faucet if your wallet does not already have testnet ETH.
3. Go to Markets and review the active markets, including aWstETH, aDAI, aWBTC, aUSDT, aUSDC, and aGHO. Each market has its own loan-to-value and risk settings.
4. Choose a market, click Open Position, then use Get Shares to mint free test assets. Enter an amount, approve the token, and deposit to convert the test tokens into vault shares.
5. Go to Position and deposit the vault shares as collateral into the engine. Confirm that your collateral value and Health Factor appear before borrowing.
6. Click Borrow, enter a ceitUSD amount, and keep the borrow size conservative. The source guide suggests aiming for 50% of the max LTV or less and keeping the Global Health Factor above 2.0.
7. Use Repay to burn ceitUSD and reduce outstanding debt, then test Withdraw to retrieve collateral from the market.
8. Repeat deposit and borrow actions across all six markets if you have time, because each onchain interaction may help build an eligibility record.
9. Go to Swap and test the Peg Stability Module by swapping ceitUSD and USDC at 1:1. The source page lists a 0.10% swap fee.
10. Explore Governance, follow @CeitnotDeFi, and join the Ceitnot Telegram to stay current on snapshot and eligibility updates.

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