Phantom V2 Experience Reward Task Instructions

8 min readJan 18, 2022

The Phantom V2 is launched on the Conflux testnet. We welcome all community members to be the first to experience the features and win a total of 10,000,000 cPHM for your participation.

Event period:

2022–1–19 12:00 AM to 2022–1–26 11:59 PM (UTC+8)

Rewards:

Prize Pool: 10,000,000 cPHM
Up to 10,000 cPHM per participant (5,000 for each task)

Each task’s rewards will be distributed on a first-come, first-served basis to the first 1,000 participants who complete the task.

Task 1: Experience Builder’s Reward & Liquidity Mining Rewards

Build pUSD with CFX & PHM test tokens
Provide Liquidity in Koichi with pUSD-cUSDT and stake LP on Phantom
Claim Builders’ Rewards & Mining Rewards after 24 hours

Task 2: Buy & sell synthetic assets in Phantom Exchange

Buy pUSD in Koichi with test tokens
Buy 2 synthetic assets(Crypto and NFT) on Phantom Exchange
Sell it after 24 hours

Please make sure you fill in your wallet address and the task transaction hash in this Google Form after completing the tasks.

Ready to earn your rewards? read on:

0. Getting Started

To complete the task, please prepare:

A computer with Google Chrome and the Conflux Portal Wallet plugin, and switch it to the Conflux Test Network
Claim 1000 CFX and 1000 cUSDT test tokens from http://faucet.confluxnetwork.org/.
Fill out the cPHM test token application form at https://forms.gle/mzqonLLsXDSE9beU6

Test cPHM tokens will be issued to your submitted cfxtest address within 24 hours.

Task 1: Claim Builder’s Reward & Liquidity Mining Rewards

In Task 1, you will see how to create pUSD (the base synthetic asset in Phantom Procotol) with CFX and cPHM, and get builders’ rewards and liquidity mining rewards.

1.1 Connecting portal wallet to Phantom testnet

Visit https://testcfx.phm.finance/ and click the upper-right “Connect” button. (Please make sure you are on Confulx Test Network before connecting)

2. Select your account in the popup wallet window, and click “Submit”.

1.2 Build pUSD with PHM

Next, we will create a synthetic asset called pUSD (an on-blockchain asset whose price mimics the movement of USD) with CFX and PHM on https://testcfx.phm.finance/build/PHM

Let’s take PHM as an example:

Enter the number of PHM you want to use. Click “Approve” and confirm in your wallet, then continue to mint.

Note: The collateral rate can also be manually adjusted. In the experience period, it is recommended to set the collateral rate as default.

2. Click “Mint” after approval.

Confirm the “mint” request in your wallet. Wait for the complete message. And DO remember to click and Copy Tx Hash and save for the “task completion form”.

Tx Hash Format should be like: https://testnet.confluxscan.io/tx/0x7f74b4ab2229e42b97714c35ca9eb08883788010b8adecb8e56a7e32123d460e

1.3 Build pUSD with CFX

You’ll need to build pUSD with both CFX and PHM to be eligible for Task 1 rewards.

The process to build pUSD with CFX is the same as the PHM process described above. Just change to stake CFX or visit https://testcfx.phm.finance/build/CFX

Nevertheless, remember to save the Tx Hash to fill out the “Task Completion Form”.

1.4 Add pUSD-cUSDT liquidity, and stake LP token on Phantom

In this step, we will first go to Koichi (a Conflux DEX) to add liquidity to the pUSD-cUSDT pair, and then stake the LP Token to Phantom’s mining pool.

1. Go to https://www.koichiswap.com/pool, connect your conflux wallet (with conflux test network), select the pUSD-cUSDT trading pair.

Enter the amount or simply click MAX to have the quantity filled automatically.

3. Click “Approve pUSD” and confirm in the wallet.

4. Click “Approve cUSDT” and confirm in the wallet.

5. After enabling USDT & pUSD, Click“Confirm Adding Supply” to add liquidity, mint the pUSD-cUSDT LP tokens.

Confirm the transaction in your portal wallet.

When the completion message appears, you’ve successfully added liquidity and are ready to stake!

6. Go back to https://testcfx.phm.finance/farm/USDT-pUSD#stake to approve & stake your pUSD-cUSDT LP tokens.

Click Approve and confirm in the wallet.

Then click the “Stake” button and confirm in the wallet.

Wait until the success message appears. Copy the Tx Hash for the Task Completion Form.

1.4 Claim Rewards after 24 hours

Liquidity Mining rewards are paid in PHM — the token of the Phantom protocol. Here is how to claim the LP staking rewards.

1. Go to the “Farm” section on the myinfo page, you will see the accumulated amount of your PHM liquidity mining rewards.

2. Click the “…” button and select “Claim”.

Claim all rewarded PHM to your wallet. Confirm In the wallet.

Wait until the successful message appears.

Congrats! Now you’ve completed task 1.

Task 2: Buy & sell synthetic assets in Phantom Exchange

pUSD can be created by collateralizing CFX or PHM, as well as purchased directly on decentralized exchanges.

Task 2 is as simple as buying and selling 2 pAssets on Phantom Exchange with the pUSD you purchased on Koichi.

2.1 Buy pUSD in Koichi with test tokens

1. Go to KoichiSwap and buy pUSD with 200 cUSDT

You’ll need to approve cUSDT and pUSD for the first trade. Then Click “Swap” after approval.

2. Click “Confirm Swap” and confirm in the wallet.

3. Wait for the success message, click on “View on explorer”, to copy Tx Hash for claiming your rewards.

2.3 Buy any Crypto synthetic assets on Phantom Exchange

With pUSD in the wallet, you are free to buy synthetic assets on Phantom Exchange.

1. Go to Phantom Exchange and select one of the crypto assets, for example, pETH, the synthetic asset that follows the price movement of ETH.

The real-time prices come from oracle, therefore trading on Phantom Exchange has no slippage issue.

2. Input amount, click “Swap” to complete the purchase, confirm in the wallet.

And it’s done.

2.3 Buy any pNFT synthetic assets on Phantom Exchange

Without leaving the Conflux chain, you can trade Top NFTs by buying/selling pNFT tokens on Phantom Exchange.

1. Go to Phantom Exchange and select one of the pNFTs, for example, pPUNKs, the synthetic asset follows the price movement of CryptoPunks NFT floor-price.

2. Input amount, click “Swap” to complete the purchase, confirm in the wallet.

And congrats, you’ve successfully bought the CryptoPunks pNFT.

2.4 Sell them after 24 hours

For the last steps in Task 2, you will need to sell 2 pAssets on Phantom Exchange after 24 hours.

1. Go to https://testcfx.phm.finance/exchange, and click the switch icon to revert the swap pairs, thus turning into selling mode.

2. Select the pAsset you’d like to sell, then click “Swap” and confirm in the wallet.

3. Wait a second till the completion message appears. Remember to copy Tx Hash for claiming your rewards.

Repeat the above step to sell another pAsset and save the Tx hash.

And now you have completed all tasks in the Phantom V2 Experience Reward Program, please fo fill out the Task Completion Form and be the 1,000 airdrop winners.

🎁 How to Claim my rewards?

After completing all tasks, please fill out the task completion form:

https://forms.gle/8XXFs92FbjY7YtP2A

If you encounter any problems during the test, please give us feedback in the telegram group, the Phantom community members will be happy to help.