TLDR:
Singularity Finance launched a 3-month incentivized Layer-2 testnet on December 30th, built on OP Stack technology
Users can earn points by completing tasks like staking, bridging, and swapping tokens, with rewards tracked on a leaderboard system
The testnet includes features like MetaMask integration, faucet distribution of test tokens, and development tools for smart contracts
A grant program will be available to reward developers building on the network
The platform aims to test scalability, security, and core features while building an active community before mainnet launch
Singularity Finance has launched its Layer-2 testnet campaign, marking the start of a three-month testing period that began on December 30th. The platform, built on OP Stack technology, aims to provide a scalable and cost-efficient blockchain solution while offering participants the opportunity to earn rewards through various testing activities.
The testnet allows users to explore core features including token bridging, staking, and swapping capabilities. Participants can access the network through MetaMask by adding the Singularity Finance Testnet with Chain ID 751, enabling them to interact with the platform’s various functions and smart contracts.
To begin testing, users can obtain test SFI tokens through the official faucet at faucet-testnet.singularityfinance.ai. These tokens, while holding no monetary value, enable participants to perform transactions and interact with the platform’s features.
https://t.co/GgohBw9MQC
— Singularity Finance (@Singularity_Fi) December 30, 2024
The testing program implements a points-based reward system, tracking user participation through a leaderboard. Users can earn points by completing various on-chain actions such as staking tokens, using the bridge functionality, and executing swaps on the platform.
Beyond basic transactions, the testnet campaign encourages community engagement through additional reward opportunities. Users can earn extra points by writing tutorials, creating educational content, and providing feedback about their experience with the platform.
Developers interested in building on Singularity Finance can access a comprehensive set of tools, including Hardhat and Truffle integration for smart contract deployment. The platform has also announced plans for a grant program to support builders committed to developing on the network.
The testnet includes several key technical features for developers to explore. These include indexers, oracles, and Verifiable Random Functions (VRF), allowing builders to test and validate various blockchain applications and use cases.
For monitoring purposes, users can track all testnet activities through the dedicated block explorer at explorer-testnet.singularityfinance.ai. This tool provides transparency for transactions and smart contract interactions occurring on the network.
The platform has implemented a structured approach to gathering user feedback and bug reports. Participants who identify and report critical vulnerabilities or provide valuable enhancement suggestions will receive additional rewards through the incentive program.
The testnet infrastructure supports ERC standards, ensuring compatibility with the broader Ethereum ecosystem while leveraging Layer-2 scalability solutions. This compatibility allows for seamless integration with existing blockchain protocols and applications.
Social elements play a key role in the testing phase, with the platform maintaining active communication channels through their official website, Twitter, and Telegram. These channels provide regular updates and support for testnet participants.
For more advanced testing, users can explore features like wrapped SFI (wSFI) tokens and participate in staking activities. The staking mechanism includes various duration options and allows users to view metrics such as APR and claimable rewards.
Security testing forms a crucial component of the testnet phase, with the team focusing on identifying potential vulnerabilities and edge cases through simulated high transaction volumes and stress testing of the network infrastructure.
The testing period may undergo adjustments based on user engagement and technical requirements, although it is currently scheduled to run for three months from the December 30th launch date.
Participants requiring additional test tokens or technical support can reach out to the development team through official community channels, ensuring continued engagement throughout the testing period.
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