Sophia Bennett
Crypto Analyst
What Is Ceitnot Protocol?
Ceitnot Protocol is a Collateralized Debt Position (CDP) protocol built on Arbitrum. The idea is straightforward, you deposit crypto assets as collateral and mint $ceitUSD, a decentralised stablecoin, against them. What makes it a bit different from older CDP models is the Peg Stability Module, or PSM, which enables direct swaps between $ceitUSD and other stablecoins without relying on open‑market arbitrage to hold the peg.
The protocol is currently live on Arbitrum Sepolia as an incentivised testnet, ahead of a mainnet launch. Everything at this stage runs on free testnet tokens, so there is no financial risk involved in participating.
The Airdrop Is Confirmed
This one is not speculative. Ceitnot has officially confirmed a $CEITNOT token airdrop for testnet participants. A pool of 50,000 $CEITNOT tokens, equal to 3% of the total token supply, has been set aside specifically for users who interact with the testnet app before the snapshot is taken.
No TGE date has been announced yet, and the exact allocation formula, whether tiered, points‑based, or flat, has not been published. What is clear is that completing all available interactions across the testnet is the safest way to maximise your share of that 3% pool.
Step One: Get Testnet Gas
Before you do anything else, you need free testnet ETH on Arbitrum Sepolia to cover gas fees. Head to a faucet like Alchemy or QuickNode and claim a small amount. It costs nothing and takes under a minute. Without it, you cannot execute any transactions on the testnet.
Step Two: Connect to the Ceitnot App
Go to ceitnot.io and connect your Web3 wallet. MetaMask, Rabby, and Coinbase Wallet all work fine. Once connected, make sure your wallet is set to the Arbitrum Sepolia network before proceeding.
Step Three: Claim Testnet Collateral
Inside the app, find the Faucet tab and claim testnet collateral assets, mock ETH or mock BTC. These tokens have no real monetary value. They exist purely so you can interact with the CDP engine without putting real funds at risk.
Step Four: Open a Vault and Mint $ceitUSD
Head to the Borrow or Engine section of the app. Select your mock collateral, deposit it into a vault, and mint $ceitUSD against it. This is the core action of the protocol and likely one of the most weighted interactions when it comes to eligibility.
Keep your collateral ratio comfortably above the minimum threshold. Falling below it triggers a mock liquidation, which disrupts your activity record and adds unnecessary friction.
Step Five: Use the Peg Stability Module
Once you have $ceitUSD, navigate to the PSM or Swap tab. Swap mock USDC or USDT into $ceitUSD and back again. The PSM is one of Ceitnot's key differentiating features, so interacting with it signals genuine protocol engagement rather than surface‑level farming.
This step adds a second distinct interaction type to your wallet history, which is always better than repeating the same action multiple times.
Step Six: Complete the Social Quests
Follow @ceitnotdefi on X and join the official Telegram at t.me/ceitnotprotocol. These social tasks are part of the eligibility criteria and take about two minutes to complete. LinkedIn participation may also be listed depending on which quest platform Ceitnot uses.
Keep an eye on the Telegram channel for any additional bonus tasks that may appear through Zealy or Galxe as the campaign progresses.
Tips to Get the Most Out of This
Use every core feature at least once, the faucet, the vault, and the PSM are three separate interaction types. Doing all three is far better than repeating a single action. Keep your vault open rather than closing it immediately after minting. Active CDPs held over time tend to carry more weight in retroactive scoring than quick open‑and‑close transactions.
Use one consistent wallet throughout. All your testnet activity needs to be tied to a single address so the snapshot captures your full history correctly.
Is It Worth 30 Minutes of Your Time?
Absolutely. The airdrop is confirmed, the participation cost is zero, and the whole process takes under half an hour. Three percent of total supply is set aside for testnet users, and the field is still small this early. Open a vault, mint some $ceitUSD, use the PSM, and complete the social tasks. That is everything you need to do to be eligible.