🚀Quick Start

Get started with DreamLend in just a few minutes! This guide will walk you through the essential steps to begin lending, borrowing, or liquidating on the protocol.

🎯 What You'll Need

• Wallet: MetaMask, WalletConnect, or any Somnia-compatible wallet

• Network: Somnia L1 Testnet configured

• Test Tokens: MUSDT, MUSDC, MWBTC, MARB, or MSOL for testing

⚡ 3-Minute Setup

Step 1: Connect Your Wallet 💳

1. Visit dreamlend.finance

2. Click "Connect Wallet" in the top right

3. Select your preferred wallet (MetaMask recommended)

4. Approve the connection request

Step 2: Add Somnia L1 Network 🌐

If you haven't added Somnia L1 to your wallet yet:

{
  "Network Name": "Somnia L1 Testnet",
  "RPC URL": "https://dream-rpc.somnia.network",
  "Chain ID": "50312",
  "Currency Symbol": "SOM",
  "Block Explorer": "https://shannon-explorer.somnia.network/txs"
}

Step 3: Get Test Tokens 🪙

1. Navigate to the "Create" page

2. Scroll down to "Quick Mint Tokens"

3. Mint test tokens for lending/borrowing:

   • MUSDT - Mock USDT for stable lending

   • MWBTC - Mock Bitcoin for high-value loans

   • MUSDC - Mock USDC for stable collateral

🏦 For Lenders: Create Your First Offer

1. Navigate to Create Page

• Click "Create" in the navigation menu

• You'll see the loan offer creation form

2. Configure Your Loan

• Loan Token: Select the token you want to lend (e.g., MUSDT)

• Amount: Enter how much you want to lend (e.g., 1000 MUSDT)

• Interest Rate: Set your desired annual rate (e.g., 15%)

• Duration: Choose loan duration in days (e.g., 30 days)

3. Set Collateral Requirements

• Collateral Token: Choose required collateral (e.g., MWBTC)

• Collateral Amount: Set required collateral (auto-calculated based on oracle prices)

4. Create the Offer

• Review the Loan Summary on the right

• Click "Create Loan Offer"

• Approve token spending in your wallet

• Confirm the transaction

🎉 Success! Your loan offer is now live and available for borrowers.

💰 For Borrowers: Accept Your First Loan

1. Browse Available Offers

• Navigate to "Offers" page

• Browse available loan offers

• Check interest rates, durations, and collateral requirements

2. Select a Loan

• Find an offer that matches your needs

• Review the live pricing and price changes

• Check the collateral requirements

3. Accept the Loan

• Click "Accept" on your chosen offer

• Approve collateral token spending

• Confirm the loan acceptance transaction

4. Manage Your Loan

• Go to "My Loans" to view your active loan

• Monitor loan health and collateral ratio

• Add more collateral if needed

• Make partial repayments to reduce interest

⚡ For Liquidators: Monitor and Liquidate

1. Find Unhealthy Loans

• Navigate to "My Loans" or use monitoring tools

• Look for loans with health factors below 120%

• Check for overdue loans past their due date

2. Execute Liquidation

• Click on an unhealthy loan

• Review liquidation details and potential profit

• Click "Liquidate Loan"

• Confirm the transaction

3. Earn Rewards

• Receive liquidation bonuses

• Earn $DREAM tokens for protocol participation

• Monitor your rewards in the "Rewards" section

🎁 Earning $DREAM Rewards

All protocol participants earn $DREAM tokens through liquidity mining:

• Lenders: Earn rewards based on active loan principal

• Borrowers: Earn rewards for maintaining healthy loans

• Liquidators: Earn bonus rewards for liquidation activities

Visit the "Rewards" page to:

• View your accumulated rewards

• Claim available $DREAM tokens

• See your contribution to protocol liquidity

📊 Key Metrics to Monitor

For Lenders:

• Active Offers: Number of pending loan offers

• Total Lent: Amount currently lent out

• Interest Earned: Total interest received

• $DREAM Rewards: Liquidity mining earnings

For Borrowers:

• Loan Health: Collateral ratio vs. liquidation threshold

• Interest Accrued: Current interest owed

• Time Remaining: Days until loan maturity

• Collateral Value: Current USD value of collateral

For Liquidators:

• Liquidation Opportunities: Number of unhealthy loans

• Profit Potential: Expected liquidation bonuses

• Success Rate: Percentage of successful liquidations

• $DREAM Earned: Rewards from liquidation activities

🆘 Need Help?

• FAQ: Check our Frequently Asked Questions

• Discord: Join our community Discord

• Twitter: Follow @DreamlendFi for updates

• Email: Contact [email protected]

🔗 What's Next?

• Deep Dive: Read our Protocol Overview

• Advanced Features: Explore Loan Health Management

• Developer Integration: Check our API Documentation

• Stay Updated: Follow our roadmap for upcoming features

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Ready to experience the future of decentralized lending? Start with DreamLend today! 🚀