What is Testnet?
Testnet is a special network used for testing blockchain protocols and cryptocurrencies. Testnet networks operate like real networks, but are used for testing purposes and use test tokens instead of real currency. Testnet networks are used for testing new blockchain projects, developing blockchain applications, and other similar purposes. Testnet networks can help detect errors or security issues that may occur in real networks, and enable developers to improve their projects. Projects can airdrop tokens to users who participate in the testnet.
What is EigenLayer?
EigenLayer is a protocol built on the Ethereum blockchain and uses a Proof of Stake (PoS) based consensus mechanism. EigenLayer introduces a new feature called “restaking”. This feature allows not only the current staking tokens but also the rewards earned to be subject to staking, so that users can earn more returns. The aim of EigenLayer is to increase the security of PoS-based networks and provide more scalability.
EigenLayer Testnet Steps
➡️ Let’s go to goerlifaucet.com and request Eth for the testnet.
➡️ Let’s go to https://testnet.rocketpool.net and stake some ETH to receive rETH in return.
➡️ If you can’t get it from rocketpool.net (due to pool capacity), you can get it from Uniswap.
➡️ To get it from Uniswap, let’s go to https://app.uniswap.org/#/swap and type in the contract on the Goerli network to make the exchange.
rETH contrat: 0x178E141a0E3b34152f73Ff610437A7bf9B83267A
- ✅ Let’s buy stETH
➡️ Click on the send button in our Metamask wallet and paste the address.
➡️ Address: 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F
➡️ Send some Eth from Goerli to this address to receive stETH in exchange. The amount of stETH received will depend on the amount of Eth sent.
- ✅ Let’s add stETH and rETH to our wallet
➡️ sEth contrat : 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F
➡️ rETH contrat : 0x178E141a0E3b34152f73Ff610437A7bf9B83267A
- ✅ Staking Process
➡️ Let’s go to https://goerli.eigenlayer.xyz/details?token=rETH and stake our rETH.
➡️ Next, let’s go to https://goerli.eigenlayer.xyz/details?token=stETH and stake our stETH.
➡️ That’s it, the process is complete.
➡️ We have completed the first stage of the 3-stage testnet. We will share the other stages once they are released.
⚠️ All of the post above includes informational knowledge, none of the above includes any financial advice and should only be taken as an educational content. Ninja News cannot be held responsible for any vulnerabilities and exposures outside of this site, always be careful before connecting your wallet. All information above is gathered from various sources from airdrop educational contents and does not guarantee any airdrop from the companies written above. Please beware of risks and always make sure to be safe.
You may want to check our article called: ”Unlocking the Power of Web3 Wallets: The Ultimate Guide to Safe and Secure Airdrops” for web3 wallet security.