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#Layer3 #P2P Clearing Network Yellow Launches Incentivized Testnet š„š„š„
Layer3 peer-to-peer clearing network, Yellow, is set to debut a beta version of its testnet, unveiling an exclusive incentive initiative. The selection program will identify testers for network activities, rewarding their participation. Following a closed beta, an open testnet will precede the
#mainnet launch of Yellow's counterparty settlement network.
Yellow Network aims to facilitate institutional adoption of digital assets, tackling challenges like counterparty risk and fragmented liquidity. Functioning as a Layer3 network, it employs off-chain state channels for order book trading, clearing, settlement, and compliance. The protocol connects to multiple exchanges, shares liquidity, and links to major blockchains for cross-chain collateral and settlements. Yellow is non-custodial, securing user funds in multi-signature contracts.
Trading off the main chain, Yellow employs ClearSync to verify sufficient capital for trades, eliminating counterparty risk. Offering an all-in-one protocol for trading, Yellow seeks to blend the best elements of
#DEFI and TradFi for a transparent financial system.
The beta testnet launches on Duckies, Yellowās canary network, encouraging rapid experimental innovation. Testers, invited starting December 13, will evaluate core features, such as collateral deposition and order execution, earning $DUCKIES for feedback.
After a successful closed beta, Yellow will reveal plans for an open beta preceding the mainnet launch.
As institutional interest in digital assets grows, Yellow's mainnet move aligns with market trends. A
#coinbase survey indicates nearly two-thirds of current institutional crypto investors plan increased allocations, while 45% of those not invested express intentions to enter the sector by 2024.