TLDR:
- On December 30th, Singularity Finance set the wheels in motion with their 90-day incentivized Layer-2 test initiative, utilizing OP Stack's technological prowess.
- Engagement points await users who dive into tasks such as token staking, bridging, and swapping, with progress and achievements displayed via a leaderboard setup.
- The test environment supports multiple features such as MetaMask integration, distribution of test tokens through a faucet, and advanced tools for smart contract development.
- A grant initiative is on the horizon to honor developers who actively contribute to the network's growth.
- Primed to assess its expansion and security, the platform is building a vibrant community ahead of the mainnet's arrival.
Singularity Finance Embarks on a Layer-2 Test Campaign , marking the launch of a 90-day exploration period from December 30th onward. This OP Stack-based platform aims to pave the way for efficient blockchain functionality, allowing participants to garner incentives through various testing endeavors.
The test network invites users to experience essential tools such as token bridging, staking, and the ability to swap. Via MetaMask, participants can link to the Singularity Finance Testnet using Chain ID 751 to engage with its plethora of functions and smart contracts.
Participants eager to start testing can acquire SFI test tokens from the official faucet at faucet-testnet.singularityfinance.ai. These tokens, devoid of real-world value, empower users to conduct transactions and utilize diverse platform features.
— Singularity Finance (@Singularity_Fi) December 30, 2024
A scoreboard-based reward strategy governs the testing program, chronicling user activity. Users can accumulate points through on-chain actions like token staking, employing bridge functions, and swap execution within the platform.
For a deeper dive beyond mere transactions, the testnet initiative promotes community participation with extra reward possibilities. Points can be accrued by curating tutorials, producing insightful content, and offering feedback on platform interactions.
Developers keen on plotting their journeys on Singularity Finance can tap into a rich toolkit, integrating systems like Hardhat and Truffle for smart contract deployment. Plans for a grants program to aid network builders have also been unveiled.
The test network boasts several noteworthy technical items for developer exploration. This includes indexers, oracles, and Verifiable Random Functions (VRF), affording builders the option to trial and validate multiple blockchain applications and scenarios.
User activities on the testnet can be immediately monitored via the exclusive block explorer at explorer-testnet.singularityfinance.ai, providing a transparent look at transactions and smart contract negotiations taking place on the network.
The platform has crafted a conscientious strategy for collecting user insights and bug dispatches. Individuals who highlight and communicate pivotal network flaws or offer constructive feedback will receive further inducements through the rewards scheme.
Guaranteeing harmony with the wider Ethereum network, the testnet supports ERC standards while harnessing Layer-2's scalability solutions, ensuring smooth integration with existing blockchain procedures and applications.
A core focus on social connectivity enriches the testing stage, with the platform maintaining engaging dialogue channels via its official site, Twitter, and Telegram, delivering steady updates and assistance to testnet participants.
For those keen on advanced testing, features like wrapped SFI (wSFI) tokens and staking ventures await exploration. The staking ecosystem avails varied duration choices and enables viewing of metrics like APR and available rewards.
Security testing is a pivotal focus of the testnet phase, with the team dedicated to unearthing potential drawbacks and their extremities, conducting simulated high-traffic conditions and resilience tests on network constructs.
The testing timeframe bears flexibility and may adjust in response to participant activities and technical demands, though it presently eyes a three-month duration from the December 30th commencement.
Participants in need of additional test tokens or technical support are encouraged to engage with the development team through authorized community nodes, ensuring ongoing involvement throughout the trial phase.
