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Ceitnot

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Focus: Eligibility, snapshot date, token reward analysis.

Overview

What is Ceitnot Protocol?

Ceitnot Protocol is a Collateralized Debt Position (CDP) protocol on Arbitrum. Users deposit crypto assets as collateral to mint $ceitUSD, a decentralized stablecoin. The protocol’s Peg Stability Module (PSM) enables direct swaps between $ceitUSD and other stablecoins, keeping the peg without depending on open-market arbitrage.

Key Points

  • Allocation: 50,000 $CEITNOT (3% of total supply)
  • Distribution Method: Testnet activity and social quests
  • TGE Date: TBA
  • Vesting Schedule: TBA

Participation Guide

  1. 1

    Step 1: Visit the Ceitnot Testnet App

  2. 2

    Step 2: Mint Testnet Collateral

  3. 3

    Step 3: Open a Vault and Mint $ceitUSD

  4. 4

    Step 4: Use the Peg Stability Module (PSM)

  5. 5

    Step 5: Complete Social Quests

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