Minting and Bonding on Solana

Introduction

Be part of the first cohort of users who test the Itheum Protocol Minting and Staking Program on Solana! This test event aims to stress test Itheum's minting and staking mechanism that allows gaining an APR for bonding ITHEUM tokens to Data NFTs.

Scope:

  • The test event will focus on the testing of the minting and bonding mechanism of NFMe in a "devnet" environment (i.e., no real value/mainnet tokens used).

Test Dates:

  • Start Data: 31 October (Thursday) 2024

  • End Date: 5 November (Tuesday) 2024

Base Rewards:

  • 100,000 $ITHEUM shared pool for this test event for those who complete the Actions and Tasks to a fully satisfactory level

  • Completing all Actions steps below as detailed in the Test Steps below, will also get you a total of 800 BiTz XP

Bonus Rewards:

  • Major bonus rewards in $ITHEUM for reporting "mission critical" bugs related to security, business logic, APR or rewards calculations (Note that they need to be confirmed by our team to be an issue before rewards are sent)

Submit your bug reports using this feedback form

Test Scope:

Setup:

Step 1: Setup a Solana Wallet. Only Phantom Wallet is supported for this test event. Put your wallet in "DEVNET" mode if required (but this should happen automatically when you use the Portal as it's setup in DEVNET mode only).

Step 2: Get some SOL (DEVNET SOL), which is required for gas payment on Solana.Login with your wallet from Step 1, use https://faucet.solana.com/ to get Sol.

Step 3: Get DEVNET ITHEUM tokens, Head on to Itheum Discord and request for ITHEUM devnet tokens.

Actions:

  1. The following actions can be repeated.

  2. The below assumes you begin the test with 3,000 $ITHEUM tokens on Solana DEVNET.

  3. Before you begin the next actions, note down all your balances.

  4. Note that the last step, you will need to come back in 2 days to "claim your rewards" based on the staking rewards. It's important you give these 2 day interval as we need to verify the balances as per your test.

Action 1: Create an NFMe.ID Vault Data NFT by going to https://test.datadex.itheum.io/mintdata .

Mint your NFMe.ID Vault Data NFT and confirm it's in your wallet.

Task 1: Take a screenshot similar to the example below that shows "Your Liveliness Rewards" and "Your Data NFT Liveliness Bonds"

Proceed with the minting process.

Action 2: Once the Data NFT is minted, browse to Wallet -> Liveliness: https://test.datadex.itheum.io/datanfts/wallet/liveliness

Review your combined liveliness.

Mint a second NFMe.ID

Task 2: Top up your NFMe.ID Vault Data NFT with 2000 ITHEUM.

Task 3: Take a screenshot that shows your new "Your Liveliness Rewards" "Your NFMe.ID Vault Data NFT".

Action 3: Come back in 1 DAY and review Liveliness and Rewards after a day.

Task 4: Claim Rewards: Do all the below items (note that your will need a BEFORE vs AFTER screenshot, so you need two in total)

  1. BEFORE SCREENSHOT: Take a screenshot similar to the example above that shows your "Your Liveliness Rewards" and "Your Data NFT Liveliness Bonds"

  2. Report your UTC time from https://www.timeanddate.com/worldclock/timezone/utc

  3. Note down your $ITHEUM balance in the top right corner of the app, so we can verify that your $ITHEUM balance goes up when your claims your rewards

  4. If the Liveliness has expired you can Renew your bond.

  5. Click on "Claim rewards" button in "Your Liveliness Rewards" box, and review the $ITHEUM balance and confirm your new balance is correct with the claimed rewards.

  6. AFTER SCREENSHOT: Take a screenshot similar to the example above that shows your new "Your Liveliness Rewards" and "Your Data NFT Liveliness Bonds"

Action 4: Come back in 1 DAY and review Liveliness and Rewards after a couple of days.

Task 5: Reinvest Rewards: Do all the below items (note that your will need a BEFORE vs AFTER screenshot, so you need two in total)

  1. Renew Bond 1.

  2. BEFORE SCREENSHOT: Take a screenshot similar to the example above that shows your "Your Liveliness Rewards" and "Your Data NFT Liveliness Bonds"

  3. Report your UTC time from https://www.timeanddate.com/worldclock/timezone/utc

  4. Note down your $ITHEUM balance in the top right corner of the app, so we can verify that your $ITHEUM balance stays the same when you reinvest your rewards. Your Bond should increase.

  5. If the Liveliness has expired you can Renew your bond.

  6. Click on "Reinvest Rewards" button in "Your Liveliness Rewards" box, and review the $ITHEUM balance and confirm your new Bond is correct with the Reinvested rewards.

  7. AFTER SCREENSHOT: Take a screenshot similar to the example above that shows your new "Your Liveliness Rewards" and "Your Data NFT Liveliness Bonds"

Task 6: Withdraw Bond: Do all the below items (note that your will need a BEFORE vs AFTER screenshot, so you need two in total)

  1. BEFORE SCREENSHOT: Take a screenshot similar to the example above that shows your "Your Liveliness Rewards" and "Your Data NFT Liveliness Bonds"

  2. Report your UTC time from https://www.timeanddate.com/worldclock/timezone/utc

  3. Note down your $ITHEUM balance in the top right corner of the app, so we can verify that your $ITHEUM balance increases when you Withdraw your Bond. Also note your "Combined Bond Staked".

  4. Click on "Withdraw Bond" button from one of your Bonds, and review the $ITHEUM balance and confirm the difference in your ITHEUM Balance and "Combined Bond Staked".

  5. AFTER SCREENSHOT: Take a screenshot similar to the example above that shows your new "Your Liveliness Rewards" and "Your Data NFT Liveliness Bonds"

Got Questions? Head over to our Discord : itheum.io/discord

Video Tutorial : Mint and Bond NFMe on Solana.

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