How to Participate in the Inertia Mainnet

Latest Update: Inertia Mainnet Launch and Points Program

Inertia’s mainnet is now live, bringing liquidity and sustainable yield-generating DeFi opportunities to the Initia ecosystem. The platform features:

• Lending Feature for capital deployment
• INRT.FI (native LST) for liquid staking
• Opportunities to participate in both DeFi yields and VIP Rewards offered by Initia

Points Program Details

Since the $INRT token will not launch immediately with the mainnet, Inertia is introducing a 3-month Point Program with the following structure:

• All rewards during this period will be distributed in points, which can be converted to $INRT after the Token Generation Event (TGE)
• Points are managed on a monthly cycle with a fixed allocation
• Point balances are updated once per day (not in real-time)
• The system will be reviewed and optimized after each monthly cycle
• New assets added to the platform will increase the total point pool accordingly

Native rewards from the following activities will generate points:

• Lending
• Borrowing
• LST Minting
• Farming

How to Get Started on Inertia Mainnet

1. Acquire USDC, TIA, or INIT tokens for gas from Binance
2. Bridge your gas tokens and assets of choice to Initia mainnet using Initia Bridge
3. Go to Inertia and choose a vault
4. Use the L1 transfer button to bridge your tokens and gas to Inertia mainnet
5. Supply/borrow assets as desired

You can also:

• Swap tokens or get Initia for gas from Initia App after bridging
• Farm INIT tokens on Inertia

Testnet program details (Expired)

Setting Up Your Wallet

1. Choose a compatible wallet – Metamask, Rabby, Rainbow, Keplr, Leap are all supported for the Inertia testnet.
   • If you’ve previously transacted on the Initia testnet, use the same wallet you used before.
   • For new users without prior Initia experience, Metamask/Rabby are recommended as the best option.

Getting Testnet Tokens

2. Claim testnet INIT tokens from the faucet:
   • Visit the Official Faucet
   • Connect your wallet and claim your free testnet INIT.
   • Remember to claim from the faucet daily to maximize your participation.
3. Bridge your INIT tokens from Initia to Inertia:
   • Go to the Official Bridge
   • Bridge your INIT as both INIT and INRT tokens.
     Note: The bridging process may take up to an hour or more to complete.

Interacting with the Inertia Protocol

4. Once your tokens are bridged, access the Inertia testnet application:
   • Visit the Testnet DApp
   • Connect the same wallet you used for the faucet and bridging.
5. Mint nINIT tokens:
   • Navigate to the minting section of the app.
   • Follow the prompts to convert some of your INIT to nINIT.
6. Farm with nINIT + INRT:
   • Find the nINIT + INRT liquidity pool.
   • Add liquidity and stake your LP tokens to begin farming.
7. Mint sINIT tokens:
   • Return to the minting section.
   • Convert some of your remaining INIT to sINIT.
8. Use the Lending features:
   • Navigate to the “Lending” section of the app.
   • Supply your available assets to the lending pools.
   • For maximum returns, utilize all your available tokens across different Inertia features.

Misc. tips and tasks

9. Monitor your positions:
   • Regularly check your lending positions to avoid liquidation risks due to price fluctuations.
   • Use the Lending Dashboard to track your supplied assets and borrowed amounts.
10. Reinvest daily:
    • Return to the faucet each day to claim more testnet tokens.
    • Add these newly claimed tokens to your existing positions to compound your activity.
    • The more active you are and the more assets you utilize, the higher your potential reward.
11. Complete additional tasks:
    • Check Galxe for additional Inertia tasks.
    • Completing these supplementary tasks can boost your overall rewards.

Tips to Maximize Your Inertia Airdrop Rewards

• Start early: The earlier you begin participating in the testnet, the more time you’ll have to accumulate points.
• Use all features: Make sure to engage with all aspects of the protocol including minting both token types, farming, and lending/borrowing.
• Amount matters: Even though these are testnet tokens, the amount you use impacts your rewards. Maximize your positions with all available tokens.
• Daily activity: Consistent activity throughout the testnet period will likely yield better results than sporadic participation.
• Diversify activities: Don’t focus on just one aspect of the protocol. Spreading your activities across minting, farming, and lending/borrowing will provide a more comprehensive participation profile.
• Monitor social channels: Follow Inertia on social media (@Inertia_fi on X) for updates, additional tasks, or changes to the testnet program.

Understanding Inertia’s Key Features

Liquid Restaking Tokens (LRTs)

Inertia’s LRT system enables users to maintain liquidity while earning staking rewards. The platform offers two main types of liquid tokens:

• nINIT: Optimized for liquidity and active farming, allowing users to participate in yield-generating activities.
• sINIT: Focused on staking for more passive rewards, providing a simpler way to earn returns.

By converting INIT to these liquid tokens, users can access the value of their staked assets without unstaking, creating greater capital efficiency within the ecosystem.

Lending Platform

The lending component of Inertia allows users to:

• Supply assets: Lend your tokens to earn interest from borrowers.
• Borrow assets: Take loans against your supplied collateral.
• Manage risk: Monitor positions to avoid liquidation scenarios.

This lending functionality complements the LRT system, creating a comprehensive DeFi ecosystem that enhances the utility of Initia’s native assets.

Frequently Asked Questions

What is the difference between nINIT and sINIT?

nINIT is designed primarily for liquidity provision and farming activities, making it ideal for users seeking to actively generate yields through DeFi strategies. sINIT, on the other hand, is focused on staking rewards, offering a more passive approach to earning returns on your INIT tokens.

Can I participate if I’ve never used Initia before?

Yes, new users are welcome to participate. The recommended wallet for first-time Initia users is Metamask, which offers the most straightforward experience for interacting with the testnet.

How are airdrop rewards calculated?

While the exact formula hasn’t been disclosed, rewards are based on points earned through protocol interaction.

Is there any risk in participating?

Since this is a testnet with virtual assets, there’s no financial risk involved. However, users should be aware of the concept of liquidation risk in lending protocols and practice managing their positions as they would in a mainnet environment.

When will the airdrop rewards be distributed?

The specific distribution date for the airdrop hasn’t been announced yet. It’s likely that rewards will be distributed sometime after the points program is closed.

Conclusion

The Inertia incentivized mainnet presents an opportunity for DeFi enthusiasts to engage with an emerging protocol on Initia‘s network while earning potential rewards through the confirmed airdrop. By actively participating in the various features offered by Inertia users can maximize their chances of receiving a significant allocation when the $INRT token officially launches.

Remember to follow Inertia’s official channels (links below) and bookmark this guide for the latest updates and additional opportunities to earn rewards.