Welcome to HENEZ 101. This is a step-by-step guide for all Henez newcomers. Let's get started!
Faucet
You need testnet tokens to start using Henez. Free faucets of Sepolia ETH and test AVAX are offered for users when completing social tasks.
There are two options if you can't receive the faucet.
- If you have ETH on Arbitrum, you can use the Henez Bridge (powered by Caldera) by visiting this LINK or by clicking the orange text “Bridge ETH to Henez” button to transfer to the Henez Chain.
- The second method is to collect ETH from a third party. For example: Alchemy Faucet.
Deposit & Mint
Currently, Henez accepts the following assets as the collaterals:
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ETH
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AVAX
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BERA
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XRP
Enter the amount you want to deposit. When you enter the amount, the mintable ZUSD volume will automatically display below. Other parameters will also be adjusted accordingly.
Afterward, you will be able to mint zUSD corresponding to 80% of the assets you've deposited. When you enter the zUSD amount, the LTV bar will increase, and you can adjust the quantity according to the LTV ratio you want.
Click "Deposit and Mint" to submit your transaction. Once the transaction has been finalized, your deposited collateral and zUSD minted will be displayed on the right dashboard.
Swap
You can exchange zUSD for USDC or vice versa across different chains in just one click. In the future, Henez will support more assets, including LST and LRT tokens.
Redeem
This is the reverse process of Minting, where users exchange zUSD to receive other types of assets from the system. The types of assets that can be received are the same as those for Minting. Choose the asset you want to claim and enter the amount of zUSD you want to send back to the system.
Withdraw
This function is used when you want to withdraw your collaterals. You receive the token you initially deposited into your wallet. Be cautious as withdrawing may reduce your collateral ratio and pose a risk of liquidation if the asset value drops.
Repay
To reduce the LTV ratio or simply if you want to repay zUSD, you can use the Repay function. Select the type of asset you want to repay using the ZUSD you minted earlier. Currently, we do not allow you to repay more than the amount you borrowed.
Quest
Also known as the Omniverse Odyssey, this is a unique loyalty program designed for users to have fun while experiencing Henez's features.
On this tab, you can see your character's current level and your points. We have created a scoring mechanism for activities such as Deposit, Faucet, Mint, Referral, and Daily Check-ins.
There are 5 levels for players to advance through, with the lowest being Engineer and the highest being General. Additionally, there are badges you can collect from activities across different networks.
Try to achieve the highest score to receive corresponding rewards from us.
Leaderboard
This is where we honor the Nezians with the highest scores and their rankings. Strive to be recognized on this Leaderboard!
This is the end of this guide. If you have any further issues, feel free to reach out to our team on Twitter, Discord, or Telegram.
Note: This article is for informational purposes only and is not financial or investment advice.
About Henez
Henez is the OmniDeFi layer optimized to bring the ultimate Chain Abstraction experience to users.
Powered by Hyperlane, Arbitrum & Caldera, Henez allows seamless token transfer across multiple chains & experiences DeFi in an Omnichain manner. With OmniDeFi modules, builders can also create chain-agostic DeFi protocols in one click.