Fixed Rate Lending Incentivized Testnet Phase 2
Danogo Fixed Rate Phase 2 Testnet is Now Live!
We are excited to announce the launch of Phase 2 of the Danogo Fixed Rate Testnet, introducing a range of significant improvements aimed at enhancing user experience and system performance. This phase includes comprehensive liquidation testing, improved platform stability, an enhanced user interface (UI), and expanded asset support.
We invite users to participate, test key functionalities, and provide valuable feedback to help us optimize the Danogo protocol. By joining the testnet, you can engage in critical testing scenarios, identify potential improvements, and earn rewards for your contributions.
How to Participate
To participate in the Danogo Fixed Rate Phase 2 Testnet, follow these steps:
Join the Testnet
When entering your wallet, select the preview network option. We recommend using Eternl or Lace wallets for optimal performance.
Claim Test Tokens
Tokens you will receive: 10 ADA, 10 wanBTC, 10,000 fDJED, 10,000 wanUSDM, 10,000 wanUSDC, 10,000 wanUSDT
Ensure you use the same wallet registered during sign-up.
Complete Testing Tasks
Perform all three key testing tasks outlined below.
Provide Feedback
Report any bugs or suggest improvements through the Feedback Form.
Key Testing Tasks – Complete All to Earn Rewards!
To ensure a robust and secure platform, testers are encouraged to complete the following critical evaluations:
🔹 Mass Liquidation Test – Assess how the system handles liquidations under extreme market conditions.
Reward: 30 DANO per loan liquidation
Duration: 12 hours on April 12th (announcement ahead of time)
Cap: Max 4000 loans = 120K DANO
🔹 Loan Creation Test – Successfully create at least 3 loans.
Reward: 200 DANO
🔹 Collateral Top-up Test – Verify that adding collateral prevents liquidation.
Requirement: Minimum 5 collateral top-ups
Duration: 12 hours on April 12th (announcement ahead of time)
Reward: 50 DANO per top-up (Max 500 DANO per wallet)
📌 New testers: Please review the detailed steps below before beginning.
📌 Experienced testers: You may start testing immediately!
Detailed Testing Instructions
1️⃣ Mass Liquidation Test
Objective: Evaluate how the system responds to large-scale liquidations under volatile conditions.
🔹 Steps:
Borrow test assets from the lending pool.
We will simulate the market corruption situation by decreasing collaterals' price.
Choose to liquidate the under-collateralized loans.
🔹 Verification Criteria:
All positions below the required threshold should be correctly liquidated.
Transactions should execute without errors.
Report any unexpected behavior via the Feedback Form.
2️⃣ Loan Creation Test
Objective: Ensure that users can repay loans without experiencing unnecessary liquidations.
🔹 Steps:
Initiate a new loan by selecting an asset and collateral.
Confirm loan details and approve the transaction.
Repeat the process until three successful loans are created.
🔹 Verification Criteria:
All loans should be correctly executed and reflected in the UI.
Borrowed assets should be credited to the test wallet.
Report any errors via the Feedback Form.
3️⃣ Collateral Top-up Test
Objective: Verify that users can add additional collateral to prevent liquidation.
🔹 Steps:
Open your created loan.
Add more collateral and submit the transaction.
🔹 Verification Criteria:
The borrowing position should be updated correctly.
Any discrepancies should be reported via the Feedback Form.
Join the Community
Stay updated and connect with the Danogo community:
Be Part of the Future of DeFi!
This is your opportunity to shape the Danogo ecosystem. Your participation will help refine our protocol, ensuring a secure, stable, and efficient DeFi experience for all users. Join the Phase 2 Testnet today and make an impact!
🚀 Start Testing Now! 🚀
Use our Discord channel:
Discord