NAOS Finance Beta Testing - DropsEarn
NAOS Finance Beta Testing

NAOS Finance Beta Testing

    NAOS Finance is launching a Beta Testing to test their network and find bugs.

    Reward pool
    ~ $7,000
    Expected profit
    from $170
    Max participants
    DropsEarn score
    Neutral

  • Activity Type: Registration Tasks Testing Swap
  • Date: from 9 Jun 2021 03:00(UTC+3)
  • Registration: Open
  • Event status: You can participate (Event started, Registration open)
  • Links: Official Announcement Suggestions
Go to event page

Detailed information 

Goals

  1. Allow the community to familiarize themselves with the product and its usage
  2. Identify any bug, glitch, typo and areas of improvements
  3. Receive feedback and suggestions on the overall incentive and structural design

Rewards

1. They will airdrop 250 NAOS tokens to each of the 10 lucky participants who completed ALL of the following tasks:

  • Retweet & Like the Beta Testing Thread on Twitter
  • Join Discord community
  • Join Telegram community
  • Claim mock DAI and NAOS tokens from the Faucet
  • Deposit mock DAI into Vault
  • Borrow mock nUSD from Vault
  • Stake mock nUSD in Transmuter
  • Stake mock nUSD in Staking Pool
  • Provide liquidity in the mock NAOS:ETH pool in Uniswap
  • Stake mock NAOS:ETH LP token in the LP pool
  • Claim mock NAOS rewards from any one of the pools
  • Repay all or part of the mock nUSD debt
  • Withdraw the deposited mock DAI

2. Team’ll airdrop 1,500 NAOS tokens to each of the top 3 bug finders, the severity assessment will be based on the Immunefi Severity Classification System.

3. Team’ll airdrop 1,000 NAOS tokens to the top 3 suggestions on user experience improvement, measured by the number of suggestions that the team actually uses to improve the product

Note: if multiple participants submitted the same bug finding or user experience improvement suggestion, priority will be given to those with more specific explanations/solutions.

Bug finding and improvement suggestions to be submitted here.

A Step-by-Step Guide to Formation Beta Testing

Step 1: Enter 

Step 2: Switch to Rinkeny Test Network on your Metamask, once done you can claim NAOS and DAI on Rinkeny Test Network daily starting from ( 9th of June 0:00 (UTC+0))



Step 3: Go to Deposit under Vault, deposit mock DAI and borrow mock nUSD. You’ll be able to collect mock DAI/NAOS from the Faucet every 24 hours.

 


Step 4: Go to Transmuter with the borrowed mock nUSD, and convert it to mock DAI

 


Step 5: Go to Farm to stake mock NAOS, nUSD or NAOS:ETH LP tokens to earn/claim NAOS rewards

 


Note: the mock NAOS:ETH LP token can be obtained by providing liquidity on Uniswap. Please make sure you’re adding mock liquidity on the Rinkeby Test Network.

Link to Uniswap on Rinkeby Test Network.

Step 6: Go to Repay under Vault to repay mock nUSD with either mock nUSD/DAI, and withdraw the previously deposited mock DAI