Using Ebisu Money
Ebisu Money is live on public testnet here —the first time users can explore using Ebisu Money to borrow dollars against restaked collateral!
Your insights will directly influence the features and functionality of Ebisu Money, helping us deliver the best possible user experience in Q4 2024.
Discuss your experience and share feedback in our Discord or via this feedback from.
Access Testnet
Access Ebisu Money public testnet here.
Connect to Omni Omega testnet and request OMNI from faucet for gas.
If you're unfamiliar with CDP protocols, it's recommended you read Borrowing ebUSD.
Deposit Collateral
Select ebETH as the collateral you will be depositing.
Mint ebETH. ebETH represents a mock LRT that is used as collateral in Ebisu Money testnet.
Input an amount of ebETH to deposit as collateral for your Trove.
Optionally, add ebUSD and ebETH to your wallet so you can view their balances.
Mint ebUSD to Open a Trove
Input an amount of ebUSD you wish to mint. A minimum of 2000 ebUSD must be minted when opening a Trove. 200 ebUSD is set aside as a Liquidation Reserve, which is repaid when you close your Trove.
Approve & deposit.
Adjust a Trove
Deposit collateral to increase your Trove's Collateralization Ratio (CR). Withdraw collateral to harvest LRT yields or reduce your CR.
Mint ebUSD against your Trove's collateral to harvest LRT yields or reduce your CR. Repay ebUSD to reduce your debt, increasing CR.
Closing a Trove
Closing your Trove repays your total ebUSD debt, allowing you to withdraw all of your Trove's collateral.
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