Clovis Testnet Features
Explore Clovis Testnet with enhanced vault transparency, yield boosting through locking, and flexible early unlock options.
Overview
Clovis Testnet allows users to deposit supported assets into Earn vaults, manage yield-bearing positions, bridge assets across supported networks, and borrow against supported collateral.
The testnet includes stablecoin, WETH, and tokenized BTC vaults, along with locking, Early Exit, position management, and collateralized borrowing.
What’s Included
The following features are available:
Vault detail page: Provides information about vault strategies, risks, and asset allocation.
Additional Earn vaults: Allows users to deposit supported stablecoins, WETH, and network-specific tokenized BTC assets.
Locking and yield: Allows users to lock positions for a selected duration to earn an additional Lock Reward.
Early Exit: Allows users to exit a locked position before maturity. On the current testnet, no fee is charged, but the Lock Reward is forfeited.
Cross-chain bridging: Allows users to move supported assets between available testnet networks.
Position management: Allows users to monitor and manage Flexible, locked, and borrow positions from the Portfolio.
Collateralized borrowing: Allows users to supply supported
cloTokenshares as collateral and borrow another supported asset. Users can repay debt, withdraw available collateral, or combine both actions using Repay & Withdraw Collateral. When using the combined action, repayment may still succeed even if the collateral withdrawal encounters an error, so users should check their updated position before trying again.
1. Explore Vault Details
Understand how your funds are allocated and how the vault generates yield.
Vaults now provide more visibility into how funds are managed. Each vault includes information about its underlying strategy, risk profile, and how capital is distributed across different networks.
This information is presented directly in the interface, including a visual breakdown of how funds are allocated across chains. Users can understand how yield is generated without needing to rely on external documentation.
2. Locking and Yield
Lock your position to earn additional rewards.
After depositing into a vault, users receive yield-bearing cloToken shares that represent their position.
Users can lock their position for a selected duration to become eligible for a Lock Reward.
The Base yield continues to accrue while the position is locked and is reflected in the cloToken share price. The Lock Reward is separate from the Base yield.
The available lock duration and expected reward are shown in the interface before confirmation. During the testnet, lock periods may be shortened so users can complete the full lock and unlock cycle more quickly.
3. Position Management
Manage your positions directly from your Portfolio.
All active positions can be managed from the Portfolio view. Users can monitor their positions, track yield, and take action depending on the state of each position.
After a position is unlocked, the cloToken shares are returned to the Flexible position. To receive the underlying asset in their wallet, users must complete a separate Withdraw step.
4. Early Exit
Exit your locked position before maturity.
On the current testnet, Early Exit has a 0% fee.
However, exiting a position early forfeits the Lock Reward. The principal and the Base yield already reflected in the cloToken share price are not deducted.
Early Exit returns the cloToken shares to the Flexible position. Users must complete a separate Withdraw step to redeem the underlying asset to their wallet.
Before confirming Early Exit, review the displayed position details and the Lock Reward outcome in the interface.
5. Additional Earn Vaults
Deposit WETH or a supported tokenized BTC asset into an available Earn vault.
In addition to USDC and USDT, Clovis Testnet includes Earn vaults for WETH and network-specific tokenized BTC assets.
BNB Testnet
BTCB
Base Sepolia
cbBTC
Sepolia
WBTC
Sei Testnet
WBTC
After depositing, users receive yield-bearing cloToken shares that represent their vault position.
The available vaults depend on the selected network. Users can view and manage these positions from the Portfolio tab.
6. Collateralized Borrowing
Supply a supported Earn position as collateral to borrow another testnet asset.
Supported cloToken shares can be supplied as collateral in available borrow markets. This allows users to access another testnet asset without first withdrawing the underlying asset from the Earn vault.
Each borrow market shows the supported collateral, borrow asset, borrow rate, available liquidity, borrowing power, and other relevant position information.
Available markets depend on the vaults and borrow pairs currently deployed.
Users can monitor supplied collateral, borrowed balances, available borrowing power, and position health from the Portfolio tab.
If the collateral value falls or the borrowed balance increases, the position may become eligible for liquidation. Users can reduce this risk by supplying additional collateral or repaying part of the borrowed amount.
Users can partially repay their debt and partially withdraw collateral, provided the remaining position stays within the permitted borrowing limits. The interface displays the maximum collateral available to withdraw and previews how the action will affect the position’s debt, Health Factor, borrow rate, and liquidation price.
Last updated