Steps to setup the repo:

1. yarn init --yes
2. yarn add hardhat
3. mkdir contractsV2
4. cd contractsV2
5. yarn hardhat

This will create a hardhat project structure with default configs etc.

Once you write your smart contracts, you can proceed to test them following these steps:

1. npx hardhat compile
2. npx hardhat test

Some helpers: Try running some of the following tasks:

npx hardhat accounts
npx hardhat compile
npx hardhat clean
npx hardhat test
npx hardhat node
node scripts/sample-script.js
npx hardhat help