Inertia: The DeFi Revolution Unleashed!! Airdrop alert 🎯Built on Initia #crypto #airdrop
Jimbo's Crypto Land
3 months ago
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Executive Summary
Heard about Inertia? It's this cool new DeFi project popping up on the Initia blockchain, aiming to shake things up by combining liquid restaking and modular lending. The video dives into how this unique platform works and walks through steps you can take on its testnet right now, hinting strongly at potential rewards like an airdrop for early users who interact with the protocol.
Here's a breakdown of what Inertia is all about and how to get involved:
- What Inertia Is: Inertia is described as Initia's first Liquid Restaking Token (LRT) and modular lending platform. It's built on Initia, which is a slick Layer 1 blockchain designed for a modular ecosystem.
- How it Works - Liquid Restaking (LRT): This is a hot trend, inspired by projects like EigenLayer on Ethereum. The idea is you take your crypto assets that are already staked (like Initia tokens) and turn them into liquid tokens. This lets you use those liquid tokens in other DeFi activities (like lending or trading) while still earning the original staking rewards. It feels like getting double duty out of your staked assets.
- How it Works - Modular Lending: On the lending side, Inertia lets you borrow funds using your assets as collateral or lend your assets to others to earn yield. The modular approach means this all happens within the same ecosystem, making it efficient and flexible. Combining this with liquid restaking allows users to potentially maximize their rewards.
- Roadmap Glimpse: The project is currently in a "pre-TGE" (Token Generation Event) phase, focusing on leverage borrowing. They are looking forward to expanding their offerings of liquid restake tokens and native assets, which is felt will be "very big."
- Learning Resources: All the necessary links for the testnet steps are conveniently located on the presenter's website. There's also mention of a Discord team, "The Defi Hub," described as a place to learn everything about DeFi, even for beginners, with step-by-step tutorials. It's encouraged as a great resource.
- Getting Started on the Testnet (Action Steps for Potential Airdrop):
- Step 1: Get Testnet Tokens (Faucet): You need testnet INIT tokens to start playing around. This requires connecting an EVM wallet, like Metamask. It's specifically mentioned that the old Initia wallet is not used here, as you should have migrated to an EVM address for Initia based on prior updates. You can claim daily. Actionable Takeaway: Connect Metamask and claim your daily testnet INIT from the faucet. This is essential to do first.
- Step 2: Swap for INRT: Swap some of your testnet INIT tokens for INRT, which is Inertia's token. Be clear: this swap itself doesn't earn points or rewards, but you need the INRT for a crucial staking step coming up. It's just preparation. Actionable Takeaway: Perform a swap from INIT to INRT on the platform.
- Step 3: Liquid Stake (The Rewarding Part): This is considered the most important staking step for rewards. While you can stake INIT to get nINIT or sINIT, the key is staking nINIT and INRT together in the farm section. By doing this, you become eligible to claim daily rewards. This daily claim is vital for accumulating potential points or benefits. Actionable Takeaway: Go to the staking farm, stake both nINIT and INRT, and make sure to claim your daily rewards consistently. You can see all your staked assets on the inrt.fi dashboard.
- Step 4: Bridge Tokens: You need to move some testnet INIT tokens from the main Initia Layer 1 to the "Inertia level" (where the lending/borrowing happens). This requires using the bridge function on the platform. Actionable Takeaway: Bridge some INIT from Initia to the Inertia layer.
- Step 5: Borrow/Lending: Now that your tokens are on the Inertia layer, you can interact with the borrow/lending protocol. Supply your assets (like the bridged INIT) to earn rewards. You can also borrow other assets (like USDC) against your supplied collateral. Be careful not to borrow too much to avoid liquidation. Claiming daily rewards from supplying assets is also encouraged. Actionable Takeaway: Supply your bridged INIT on the lending platform, claim daily supply rewards, and consider borrowing other assets (responsibly).
- Step 6: Galxe Campaign: There's a Galxe campaign running, described as "pre-testnet incentive campaign." It involves relatively easy social tasks. A critical detail: when submitting your wallet address on Galxe, use the Initia wallet address found on the Inertia app dashboard (top right), not your Metamask address used to connect. This campaign has a deadline (end of the month), so you need to act relatively quickly. More campaigns are expected. Actionable Takeaway: Complete the Galxe tasks, double-check you submit the correct Initia wallet address, and be aware of the deadline. Keep an eye out for future campaigns.
- Mindset for Success: It's emphasized that patience and consistency are key in the crypto space, especially during slow or down periods ("bear market" or "drawdowns"). Farming testnets like this, which cost "zero investments" and are "fake money," is seen as a "very easy" opportunity that shouldn't be missed. It's a "marathon, not a sprint," and the "big rewards" come to those who keep building and farming when others give up. It feels like a test of commitment.
Transcript
Transcript
Hey what's up my crypto legends today I got something super cool to share with you something that's shaking up the crypto and defy space imagine a project combining liquid restaking and modular lending and at the same time next level blockchain deck sounds great right well that's exactly what inertia is bringing to the table this is inicia's first lrt and modular lending platform as you can see here this is the liquid restaking and this is the modular lending platform remember inicia with jenny yep that's it so now let's break that down inertia is built on inicia which is a slick layer one blockchain design for modular ecosystem come on you will defy og if you're watching this channel lrt stands out for liquid restaking tokens which is a hot trend run now first eigenlir started this trend for ethereum and then more projects follow this trend and that's a way that you take your stake assets make them liquid and then you can use this liquid stake derivatives elsewhere while earning your staking rewards add this modular lending to the mix and you've got a system a whole ecosystem where users can stake lend borrow and earn yields in an efficient and flexible way all in the same ecosystem let's now make an example to fully understand this process picture this you got some crypto stake on initia earning the staking rewards like all the other protocols now inertia turns them into liquid restaking tokens where you can trade lend or use them in any other way you like in the defy meanwhile here the borrow lending modular approach side lets you borrow against your assets or lend them to others and earning yields and you can maximize your rewards in a great way right now we're over here in the pre-tg and leverage borrowing and we're waiting for their expansion of liquid restake tokens and native assets this will be very big guys so let's go all the links here for today's video you can find them the first link of the description if you click on that link you will be redirected on my website here you can also go to subscriptions and access our discord team guys the defy hub where you can learn everything even if you're a beginner we have step-by-step tutorials a lot of videos for you to start your journey in web3 this is just entertainment i'm not a financial advisor i'm just a guy on the internet so let's begin for step number one we need to claim the faucet guys evm only this is very important so here once you connect no cosmos ecosystem no initia wallet already now you cannot do it with initia wallet because if you watch my airdrop updates 119 i told you guys to migrate your initia wallet to the evm initia wallet is over so here you need to connect with metamask and claim your daily initia faucet right time to swap some to inrt for step number two our goal is to accumulate as many as inrt as we can but this does not count for points we're only doing this swap to have some inrt for future steps on the staking our goal is to earn inrt i will show you in the next steps but this is just for the next steps no rewards for swapping to inrt let me be clear about this let's explore now everything about liquid staking on step number three here we are three options the n init the s init and the init with inertia that's why we swap on the previous step as you can see i've completed all three of them so let's see this s init you just take your init and you get back your s init same goes for n init here you stake your init and you get back the n init now this is the most important that gives you reward as you can see this is the reward that you need and you claim them daily so once you start staking here you can claim your daily rewards exactly just like i did so let's go here click on this farm and now you need to stake some n init and some inrtia so for example here let's click two and two for inrtia that's why you need to have inertia tokens leave this on and now you click on this box and you can submit your staking by doing this you will be able to claim your rewards on a daily basis so that's the most important staking part so here on the inrt.fi you can see your dashboard with all your staking assets live right now step number four and we need to bridge some minutes to inertia our goal is to be here on the landing platform but first we need to bridge because until right now everything happened on the initial layer one now the landing is taking place on the inertia level so here let's go to the bridge obviously you start from initia and you're bridging some init to inertia again in it here click on my address and start bridge your funds again our goal is to have some initia tokens not on initia but on inertia and right now for step number five it's time to explore the borrow lending protocol here we are on the landing tab and as you can see my status i've already deposited some so i can claim rewards from here also you should do it daily guys after the bridging now we have some initia tokens on inertia so click on initia and now you can supply them here let's choose one and click on submit and now you lend it some initia here on the protocol like all the other borrow lending protocols you can now go to usdc for example and go to the borrow tab and borrow some usdc again i'm choosing one and i'm clicking submit always you can borrow less the amount that you've already deposited because of liquidation let's finish in step number six with the nerdy ass galaxy campaign here it is the pre-testnet incentive campaign you have only one week left this is going to be over by the end of the month and also this is very easy only social stuff as you can see here on the submitting wallet feature you need to paste your initia wallet address where you can find it on the inerty app top right this is the initia wallet address remember we connected our evm wallet here so this is not your metamask address this is the initia wallet address so just paste it claim your own and we're ready always keep an eye on their galaxy page because more campaigns can come as you can see we already had one in the past so yep maybe more will come i don't want to hear excuses leave your excuses at the door this is serious we're working here remember we built the best airdrops on the bear market obviously this is not bear market but such drawdowns make people go away make people leave the space they gamble their tourists they lose their money no we're here because we have one job to be the best so here guys we keep building we never give up i'll be here every day for new project for end of updates for everything i hope you stay here and you continue farming because the big rewards comes to those who have patience because this is a marathon guys this is not a sprint this is just a test of guys fake money zero investments why not this is the only question and this is a very easy you're just swapping staking lending tested money this is free come on guys i don't want to hear anything so come on my website for more airdrops hit that like button if you really enjoyed this video and you got some alpha information out of this it's always appreciated it's always free zero gas fees so that was it for today my lovely people inertia over and now see you on the next one