Quick Start Guide
Last updated
Last updated
We've created this guide to help you get started with supplying, borrowing, and managing your positions on Omneon. Please note that we are currently live on the IOTA Rebased Testnet. All tokens used on the testnet have no real-world value.
Find vUSD market in Markets page
Click "Supply" button in the Actions column
In the Supply Modal:
Enter amount to supply (or click MAX)
Review transaction details
Click "Supply"
Approve transaction in your wallet
Wait for confirmation - you'll receive share tokens
Navigate to Staking page
Find "Lend vUSD/IOTA Share Token" pool
Check available balance in "Available to Stake" column
Click "Stake" button
In the Stake Modal:
Enter stake amount (minimum 0.1 tokens)
Click MAX for full amount
Click "Confirm Stake"
Approve transaction and wait for confirmation
Track Performance:
Markets Page: View real-time supply APY and position size
Staking Page: Monitor OMNEON rewards earned
Available Actions:
Claim Rewards: Get OMNEON tokens without unstaking
Withdraw Funds: Remove vUSD from lending pool
Unstake: Remove staking position and claim all rewards
Subscribe for Notifications:
Link your email: To receive personalized AI-powered updates based on your on-chain activity
Navigate to Markets
Find vUSD market (vUSD = borrow asset, IOTA = collateral)
Click "Borrow" button (appears when no existing debt)
In the Borrow Modal:
Collateral Amount: Enter IOTA to lock up
Borrow Amount: Enter vUSD to receive
Check LTV: Must be ≤ 75% (shown in modal)
Review Interest Rate: Current borrowing APR
Click "Confirm Borrow" and approve transaction
Understanding Health Factor Colors:
🟢 Green (>2.0): Very safe, low liquidation risk
🔵 Blue (1.5-2.0): Safe, normal risk level
🟡 Yellow (1.2-1.5): Caution, monitor closely
🔴 Red (<1.2): Danger, immediate action needed
⚫ Black (<1.0): Liquidation possible
⚠️ Warning: Liquidation begins when health factor drops below 1.0
Repay Your Debt:
Click "Repay" button next to your position
Choose repay amount or select "Repay All" checkbox
Confirm transaction - collateral returned when fully repaid
Borrow More (against existing collateral):
Click "Borrow More" when you have active debt
Enter additional amount to borrow
Check updated LTV - must stay within limits
Improve Health Factor:
Add Collateral: Deposit more IOTA to increase safety
Partial Repayment: Reduce debt without full repayment
Monitor Prices: IOTA price affects your health factor
When you borrow or supply, you can link your email to your wallet to receive personalized insights. You'll get email updates and alerts when your loan or collateral positions require attention.