Linea’s DeFi Voyage – Wave 4 Lending and Borrowing

Interact Quest page

https://www.intract.io/linea/quest/65647f06731b793354cb239c

for Core task, Borrowat least $25 worth of ETH/WETH in one transaction on Linea from any of the apps (list inside, DYOR for the best app).

Step by Step guide:

. Click on “Go to project now” to go to the app of your choice for example Mendi.finance and select Linea network

Select the token you want to lend from the provided list on that platform and then supply it accordingly.

If the asset that you supply as collateral will be a stable (e.g. USDC) you will also be able to verify bonus task 1.

 If the asset you supply will be a LST (wstETH), you will be also able to verify bonus task 2.

In order to borrow any asset on a money market, collateral is required. Ensure to turn on the ‘collateral’ button to collateralize the supplied token.

Each platform has unique ‘Borrow Limit’ that may differ for each token supplied. To borrow a sufficient amount, you may have to lend more than 25$. Make sure to check the platform’s limits before supplying. For example, to borrow 25 $ in ETH/wETH on Mendy Finance, you would need to supply around 35$ USDC. Ensure to double-check the limits for each token you intend to lend.

Please repaying all your loans completely after task verification to avoid future liquidation, it should also auto-verify bonus task 3  and then you can withdraw your asset.

Bonus task 4 : Borrow at least $5 worth of zkUSD / LYU is being halted temporarily due to some fund liquidity hassles with partners. please NOT Engaging with partners of this task for now

When choosing your preferred platform, make sure to watch the provided walkthrough video to learn how to make lending and borrowing transactions on the app.

 If you have any issue , you can get more info about wave 4 in FAQssection

 Time to complete wave 4 to Dec 05,12:00 PM