Join Redstone Recent Onchain Expenditon Quest On Pendle Finance
Redstone released a new onchain quest four days ago. This expendtion will be featuring Pendle protocol. Redstone powers price feeds for restaking tokens on Pendle Finance.
Pendle Finance is a decentralized finance protocol that allows users to tokenize and sell future yields. It is a permissionless yield-trading protocol where users can execute various yield-management strategies.
This campaign ends on the 3rd of August 2024. This opportunity enables you to earn RSG Points hourly. Don’t miss out.
Before getting started with any Redstone expendition quest, it is important to register on warpy and set up your expendition account. Futhermore, your RSG earned from this campaign will be deposited on your warpy account. Before proceeding, ensure you go through this article and have a perfect understanding about Redstone Expendition.
Now, Let’s proceed
You need to provide LRT PT positions on Pendle Finance using the Arbitrum network.
You are required to buy PT Tokens on one of these LRT markets: $eETH, $rsETH, $ezETH on Arbitrum Network
Depending on the LRT Assets you want to deploy for PT tokens. You can explore Kelp Finance for $rsETH, Renzo Protocol for $ezETH and $eETH for Etherfi by restaking your ETH on Arbitrum network.
Otherwise, you can swap your ETH on Arbitrum network to any of this LRT tokens on Uniswap as well.
I used Kelp Protocol for this quest by staking my ETH on KELP and get $rsETH in return.
Proceed to : https://kelpdao.xyz/restake/
Connect your wallet and restake your ETH to get rsETH
Afterwards, Proceed to Pendle Finance
Find the LRT tokens, in this case, I will be using rsETH. Then click on PT
Afterwards, Approve and buy a PT tokens with your LRT tokens and hold to earn your RSGs for this quest.
That will be all. You can proceed to your Dashboard to check your positions.
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