Introduction
In this guide, we’ll walk through how to use the Fogo testnet, including how to claim test tokens, stake, and trade perpetuals. By the end, you’ll have hands-on experience exploring its features without risking real funds.
For this walkthrough, I’ll be using Phantom wallet.
Step 1
First, we need to claim some test tokens.
- Go to gas.zip/faucet/fogo
- Enter your Solana wallet address.
- Click Claim.
You will require a minimum of $10 worth of SOL to receive test tokens from the faucet.
Step 2
Next, let’s connect to Ambient Finance to start trading on the testnet:
- Visit the Ambient Finance testnet.
- Connect your Solana wallet.
- Explore the interface to familiarize yourself with the dashboard.
Opening a Trade (Example: Long Position):
- Set your leverage using the Leverage slider (default is 5x).
- Enter the amount of fUSD you want to use.
- Confirm the trade.
💡 Example: If you input 5 fUSD with 5x leverage, you’ll open a position worth 25 fUSD.
⚠️ Be aware of the liquidation price: if the market moves against you and hits that price, your position will be closed and you’ll lose your collateral.
Step 3
We can also interact with other dapps such as:
We recommend interacting with all available dapps to increase your overall testnet activity. You can find all dapps on the Fogo website.
Outro
That's all for this guide, come back soon for updates on this project.
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Disclaimer: This guide is provided strictly for educational purposes and should not be considered financial advice. The content is designed to offer insights into various web3 topics & projects.
We do not recommend putting real money into random projects without conducting plenty of your own research first. It is crucial to make informed decisions based on your own understanding and risk tolerance.
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