About Ragnar Protocol Airdrop
Ragnar Protocol Airdrop is a protocol offering its users booster returns on Yeti Finance pools and all the benefits without having to own $YETI. This is able to do this by allowing YETI holders to convert it into rgnYETI, which allows Ragnar to accumulate veYETI. By doing this they give the YETI a new purpose, users converting their YETI to rgnYETI will acces to a portion of the platform’s revenue and a new token. They will be airdropping free RGN to users who complete testnet actions. Complete the testnet actions and give feedback to their Discord channel to be eligible for free RGN.
How To Join Age Of Ragnar Protocol Airdrop
First Step
Visit the Ragnar Protocol website.
Second step
Connect your Metamask wallet.
Third Step
Change the network to Avalanche Fuji Testnet.
Fourth Step
Get some test AVAX tokens from here.
Fifth Step
Now go to the Ragnar testnet page and click on “Mint”.
Six Step
Mint some test tokens.
Seven Step
Go to “Farm” and stake some tokens.
Eight Step
Go to “Lock” and lock some tokens.
Nine Step
Go to “Claim” after accumulating some rewards and claim it.
Ten Step
Now join their Discord channel and give some feedback.
Eleven Step
Users who’ve completed testnet actions will get free RGN tokens.
Twelve Step
For more information regarding the airdrop, see this Medium article.
What is Ragnar School?
Ragnar school is a space where users can learn and share their knowledge. There will be 2 different types of users, “teachers” and “students”. Teachers will be responsible for sharing their borrowing strategy on Yeti Finance while describing it, so that students can learn and copy their strategies.
What is Ragnar Transfer?
Ragnar transfer is a transfer solution that allows you to move multiple tokens (ERC20 & ERC721) to another wallet in one go.
What is Yeti Finance?
Yeti Finance is a cross-margin lending protocol on Avalanche that allows users to borrow up to 21x against their portfolio of LP tokens, staked assets such as sJOE and sAVAX, and yield-bearing stablecoins in a single debt position for 0% interest.
Utility of the Protocol
Protocols such as Yeti, Traderjoe or Platypus are the precursors of a new era on Avalanche, their arrival contributes to the strength and autonomy of the network. Each of them has adopted a similar and very well known model, the veToken, allowing to obtain advantages and a right of governance. However, a problem persists, in order for the community to have access to all the advantages of the platform, it is necessary to hold and stake a part of its treasury in order to have access to all the advantages of the platform, this is where we come in (Vector, Echidna, Convex, Ragnar…)
Converting and staking YETI
The first and most important feature will be the conversion and staking of your YETI.
At first a conversion of your YETI into rgnYETI will be necessary with a ratio of 1:1.
After that your rngYETI will appear on your wallet and you will be able to stake them.
Your rgn YETI will generate double rewards in RGN and YETI or Collateral which will come from the platform’s performance fees more details here.
YUSD pool
The Stability Pool is the first line of defense in maintaining system solvency. Users can stake their YUSD in the Stability Pool to help repay the debts of liquidated Troves that fall under the minimum 110% collateral ratio.
Over time Stability Providers lose a pro-rata share of their YUSD deposits, but are expected to make liquidation gains and receive early adopter rewards in form of YETI tokens.
To learn more about how the Stability Pool works, please refer to the technical documentations of Yeti finance here.
Curve LP pool
The second way to farm YETI is to become a liquidity provider on Curve via the YUSD pool and stake your LP tokens afterwards on Ragnar. Currently this is the best way to get YETI as 70% of the token issuance is reserved for this pool.
