Folks Finance Testnet
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Added to Watchlist
Reward pool
Not set
NFT
Expected profit
Unknown
NFT
Max participants
∞
No limit
DropsEarn score
Neutral
Normal, Low Risks
Details
Folks Finance invites the community members to join the Testnet and contribute to the scaling of Algorand FutureFi.
The Testnet allows testing the main functionalities of the protocol, in a fictitious and safe space, with trial funds, so you can understand the dynamics of the protocol without incurring any risk.
The only danger you will run into is to win an exclusive NFT from the Folksy Guys collection, which will be airdropped to the testers that complete the designed tasks. Folks Finance has prepared a list of tasks to be carried out by the users to help evaluate the functionalities and the different parameters of the protocol. Having an active community performing operations supervised by the team will ensure the on-chain verification of all the protocol simulations previously carried out off-chain.
The aim is to analyze the protocol from its simplest version, to its final version, before the Mainnet launch. Therefore, the protocol features, and the supported token, will be upgraded step by step, giving the team the time to evaluate each crypto pair’s safety parameters adequately.
A detailed Testnet guide can be found in the official documentation section. Folks Finance has also included a FAQ section about the Testnet features. The team will support the users in the official community channels and socials for further information.
Vulnerabilities and bugs
The run of the protocol on Testnet is intended to assess the features and the protocol parameters. Not only that: during this period, the team wants to identify bugs in both frontend and smart contracts with the communities collaboration.
Bug identifiers will be rewarded based on the severity of the spoiled bug. The official bounty program will be communicated in future.
Frontend bugs can be communicated to the team through Folks Finance discord channel.
Folks Finance is working hard to make the protocol as secure as possible and increase its efficiency. Folks Finance relies on third-party professionals such as cryptecon, Runtime Verification; three security audits and one economic review to ensure user safety.
Links
About
Folks Finance is excited to have reached an important milestone, officially launching its Capital Markets Protocol for Lending and Borrowing on Algorand Testnet.
Activity Type
Date
7 Feb 2022 03:00(UTC+3) - 7 May 2022 03:00(UTC+3)
Registration
Closed
When Reward:
None
Event Status