Descend into darkness

This guide is focused on educating the first brave testers, ready to delve into the depths of blockchain and into the test nets. This is not for the faint-hearted, this is the frontier. Come forth brave adventurer and harken to me. I will lay upon you words of great wisdom, words that may prove lifesaving for your perilous journey.

Daemons.fi
8 min readAug 22, 2022

--

The (Meta)Mask

In order to traverse the deepest parts of the blockchain, every aspiring adventurer must first be adequately equipped for the journey down. One of the most useful tools anyone can have is the “Foxen Mask”, or “Metamask” in the tongue of the common folk. Through its cunning gaze, it will show you the way to the keys, your own private keys which will be needed to unlock the secrets of the underworld.

Metamask Web3 Browser extension is recommended for using Daemons

A network of caves lies beneath the Ethereum plane. A place dark and unholy, broken and untested, only the mightiest of heroes have journeyed there and returned to tell the tale. Let us begin by conjuring a spell through the Metamask, in order to show us the network you desire. Since you are still a youngling, we are visiting the Mumbai network, a somewhat less hostile environment to test your resilience and capabilities.

Follow these steps to unlock the true power of the Mask and uncover the entrance to the test nets

In order to make your MetaMask acquainted with Mumbai, you have to give it some critical information about the network in order to familiarize itself with the environment. Remember that Polygon talisman I gave you? This is the time to activate it.

You can add the Mumbai Polygon PoS Testnet by pressing the button shown here. You can find the following website by following the link provided above.

Now let’s head to the entrance of the cave. In order to unlock the secrets of this cave network, you first need to see through the eyes of your Metamask and then introduce yourself to the Daemons that guard the gates.

Connect your MetaMask with Daemons and Authenticate by signing your account

The Fuel

In order to traverse further, you need some Ethereum. The purifying element will help you accomplish the tasks at hand by dispelling the darkness around you and conquering the will of the spirits hidden within the test nets. Ethereum can be found in certain holy wells which can be found at certain locations. Keep in mind that even though the location of these Ethereum wells is well documented, it seems that the wells will only grant small amounts of Ethereum per day. You can take a look at the locations shown on this map:

Task 1 — Learn how to command Daemons

Now that you have completed the initiation ritual, you are ready to complete your first deep-dive missions. In order to learn how to command the power of Daemons you first need to learn how to assemble daemonic scrolls, or as people often call them: the “Scripts”. Head over to the “My Page” section and use the “Add New Script” button.

Your Page is going to be where every script you create is going to be shown, along with the other functionality required to run your scripts, such as the gas tank

You will be presented with a variety of actions that you can command Daemons to do for you. We will begin with simple Scripts that will help you get a general idea of how to create Scripts.

The toolbar on the left contains a list of actions that can be tied to your script as conditions for activating it’s execution period.

We all know why you are here, trying to learn the secrets of the Daemonic world. You want to loot some cheap Bitcoin when the price is right. Ok then, let me tell you a secret: You can automatically buy Bitcoin every time it meets your price criteria without ever worrying about it by utilizing the correct rules and actions governing the Daemonic world.

By selecting Swap on Sushi, Balance, and Price you can activate the following script: “As long as my USDC balance is above zero, buy 100 USDC’s worth of wBTC everytime BTC is worth less than 20,000 USDC”

In case you want to experiment with the options, you can touch the question mark runes on the sidebar and their secrets will be revealed to you. For example, you might need to practice some caution while buying dips relentlessly. You can add the “Repetitions” rune to your arsenal in order to better manage how many times you want to scoop up that precious Bitcoin of yours.

Task 2— Bend Daemons to your will

You’ve learned the way of commanding the Daemonic essence but being the fearless adventurer you are, you feel a deep longing for more. A desire to go deeper and master the art of the Daemonic summoning ritual. Very well, let’s go a step further by creating a chain. A chain that binds Daemons to obey a series of your commands instead of just a mere simple instruction. This will give you the ability to go forth and let your imagination go wild for the possibilities are endless!

Since you are already familiar with the previous example, let us expand on that. Once you set up your command of amassing more Bitcoin when it reaches your desired price point, go ahead and use the fabled “Script Chain” that will bind Daemons to also your next command.

Pressing the button will initiate a Script Chain and let you customize subsequent scripts that can only be executed in a serial fashion, e.g. the secondary script will only be available for execution after the first script has been executed successfully

Being the treasure-lust adventurer that you are, you wouldn’t want to leave the spoils of conquest sitting idly in the treasure room. It only makes sense that you would want to make use of your newly acquired Bitcoin in order to… well, get more Bitcoin. For that, you will need a new skill which, luckily for you, I happen to know. 1…2…3…Poof! “Lightning Mastery” unlocked! You are now able to Zap In and Out of liquidity pools automatically and leverage your assets while being idle and let your newly tamed Daemonic servants cultivate the farmlands for you.

First of all, you need to select your Bitcoin with whatever other asset you want and specify the amount of the assets you are willing to sacrifice to the yield Gods. It is not necessary to own the asset you are willing to pair with your Bitcoin. Such is the power of the Zap that it will automagically use some of your Bitcoin to create a balanced Liquidity Potion for you. Focus your aim in the center and Zap them together to finish your Liquidity Potion. Always be careful while playing with lighting, and keep in mind: don’t cross the streams. You don’t want to end up riding the lightning, even though Bitcoin seems to like it…

Choose assets that you would like to create a Liquidity Position and easily zap into a Liquidity Position. This liquidity position can then be staked into various platforms, such as Beefy, to earn yield for your liquidity-providing services.

Now that we’ve mastered the art of lightning bending, we would not want our newly Liquidity Potions to go to waste. Head towards the farmlands and enjoy that sweet sweet yield. On your way there, you might as well meet my ol’ friend Beefy, the yield cow. It’s one of the best Liquidity Potion caretakers out there… It will even take the initiative of reinvesting your profits for you, so you won’t have to worry about missing out on compounding interest either. Barren Wuffet, a wise shaman advises that you make sure that you don’t miss that.

Task 3 — Visit the treasure room

Finally, reaching the end of the dungeon, you would definitely want to park some of the loot safely, not wanting to risk anything happening to the spoils of your conquest. Well, let us pay a visit to Aave, the friendly Finnish ghost. Don’t be scared, it’s only here to spook away market dumps and volatility. It’s only natural that Aave really likes coins like DAI then, especially since it’s kinda golden in color. Let’s give Aave some DAI for safekeeping then.

Aave is an open-source, non-custodial money market platform that offers a variety of debt-based products in a decentralized fashion. You can automate your loan/deposit positions on Aave through the power of Daemons

As we approach the exit of the cave, light shines through and illuminates your weary body and battle-scarred armor. The journey made you a better adventurer, with more experience and know-how. New tricks up your sleeve and new weapons in your arsenal, to fuel your holy crusade towards financial freedom. Looking back on your journey, you feel glad that you made it and would like to have another go through everything you learned so far, just to make sure that everything is just right. Well, haven’t you noticed? I have been scribing and documenting your adventurers throughout our journey here. Look above! See your past scripts, all chained up, just before you submit your finalized script. You don’t want to find yourself signing a deal with the Daemon without knowing what the contract has in store for you.

Using the review button, you can take a peek at your already created scripts that are part of the current script chain

Are you sure about what you’ve done so far? Ok then, let us finalize the chain and cast our Script into the abyss! Let us review what we’ve achieved so far, and then sign the Daemonic contract with a few drops of Ether in the Gas Tank and cast the necessary incantations through the MetaMask.

Using the “Review and Sign” button, we can take a holistic view of the script chain we created so far and then sign the contracts for deployment on the Daemons platform

Every end, a new beginning

I know that you’re feeling a little bit empty now. It was all about the journey and not the destination, I know. It will be hard for me as well, but I need to take my leave now.

I take heart into knowing that after all we’ve been through, you are now a full-fledged DeFi warrior. Read to charge head-first into whatever the future might bring. Go forth, young adventurer! I will be waiting eagerly, to hear the bards sing epics of your heroics in the tavern, remembering the times we had together…

Follow us on our social media to be updated!

Links here: https://linktr.ee/daemons.fi

#DAEM #DeFi #web3 #scripts #nocode #staking #governance #realyield

--

--

Daemons.fi

Daemons.fi allows you to script operations on the blockchain and have them executed automatically once the conditions you established become true