Ceitnot
Every lending protocol puts you on a clock. You deposit collateral, borrow against it, interest piles up, and at some point you have to find money to repay or get liquidated.
Ceitnot is building a CDP (Collateral Debt Position) lending protocol. At its core is the Yield Siphon Engine — it takes the yield your collateral earns and automatically pays down your debt.
The idea is simple: sit back and watch the loan pay itself ⚡
Users deposit yield-bearing assets as collateral and borrow ceitUSD, the protocol’s overcollateralized stablecoin. The Yield Siphon Engine continuously harvests the yield from the collateral vault and applies it against the outstanding debt — no manual action needed.
Each market has its own risk parameters and a Health Factor tracks your position safety across all markets. A Peg Stability Module (PSM) lets you swap ceitUSD for $USDC at 1:1 anytime.
No founders or company details have been publicly disclosed. The code is fully open-source, contracts are verifiable on-chain, and an audit has been completed by ContractWolf.
🪂 Ceitnot Protocol Testnet — $CEITNOT Airdrop
Ceitnot’s native governance token is $CEITNOT. Holders can lock it as veCEITNOT — the longer you lock, the more voting power and protocol emission boosts you earn.
The public testnet is live ⏳
The team has confirmed an airdrop of $CEITNOT for early contributors.
Eligible users include vault depositors, borrowers, LPs, community contributors, partners, and integrators. Eligibility rules and snapshot date will be published in advance.
Distribution will be split between an immediately claimable portion and a vested portion.
Ceitnot
Step by step guide Ceitnot Airdrop
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Onboarding → Go to the Ceitnot Testnet portal, connect your testnet EVM wallet, and confirm the switch to Arbitrum Sepolia when prompted
💡 Get free Sepolia ETH for gas at the QuickNode Arbitrum Sepolia faucet.
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Explore Markets & Open Positions → Go to Markets to browse all active markets (aWstETH, aDAI, aWBTC, aUSDT, aUSDC, aGHO), each with its own LTV and risk parameters. Click Open Position on any market to get started:
• Click Get Shares → click Get 100 [asset] to mint free test tokens to your wallet → enter an amount → Approve the token → Deposit to convert your tokens into vault shares
• Go to Position → click Deposit to deposit your vault shares as collateral into the engine — your position is now live with a Collateral Value and a Health Factor of ∞
• Click Borrow → enter an amount of ceitUSD. Aim for 50% of the max LTV or less — borrowing close to the limit pushes your Health Factor toward 1.0 (liquidation zone). ceitUSD is minted directly to your wallet
• Watch the Global Health Factor at the top of the Position page — keep it above 2.0
• Click Repay to burn ceitUSD and reduce your outstanding debt — full repayment closes the debt in that market entirely
• Repeat across all 6 markets — every deposit and borrow is a separate on-chain interaction that builds your airdrop eligibility record
• Click Withdraw to retrieve collateral from any market
📌 The Yield Siphon Engine automatically harvests the yield from your collateral and applies it against your outstanding debt — watch your debt shrink over time without any manual action.
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Swap via the PSM → Go to Swap to exchange ceitUSD for USDC (or vice versa) at 1:1 via the Peg Stability Module. Swap Fee is 0.10%.
📌 Explore the Governance section — voting and delegation open at mainnet.
* Follow @CeitnotDeFi on 𝕏 and join the community on Telegram to stay in the loop.
Use the AirdropAlert Eligibility Checker to check your wallet eligibility for Airdrops.
Stay tuned with @AirdropAlertcom
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