Spherium Finance HyperSwap Testnet - DropsEarn
Spherium Finance HyperSwap Testnet

Spherium Finance HyperSwap Testnet

    Spherium Finance team is excited to launch the Whitelist for their HyperSwap Testnet program. Participate to be one of the first to try the HyperSwap protocol and also get $SPHRI tokens as rewards.

    Reward pool
    Not set
    Expected profit
    Unknown
    Max participants
    1,000
    DropsEarn score
    Neutral

  • Activity Type: Registration Bug bounty Testnet Tech Liquidity providing Cross chain
  • Date: from 28 Aug 2021 18:00(UTC+3)
  • Registration: Open
  • Event status: You can participate (Event started, Registration open)
  • Links: Official Announcement Spherium.finance Event page Twitter
Go to event page

Event details

Spherium Finance is thrilled to announce its HyperSwap testnet launch. Explorer 1.0 Mission will be our first incentivized testnet mission.

As they open the testnet whitelist, they look forward to bringing 1,000 Spheriumnauts on board to help test, tweak, report, suggest and update all features of HyperSwap Protocol to successfully get it to mainnet. This will also be an opportunity for you to earn $SPHRI rewards and pioneer benefits.

 

HyperSwap is a pioneer protocol for cross-chain token swaps that will allow users to swap tokens across Ethereum (ERC-20) and Binance Smart Chain (BEP-20) within seconds with a single click. What would have required accessing two different accounts and paying expensive bridge fees can now be cheaply accomplished in one transaction in the Spherium ecosystem.

 

HyperSwap also offers unique benefits for liquidity providers. It resolves front running by introducing the concept of virtual balances. During a high-slippage trade, HyperSwap prevents impermanent loss through gradual settlements, allowing the prices to adjust over a period of 5 minutes. Additionally, liquidity providers will have access to a larger user base with an intuitive UI liquidity provision format across both the Ethereum and Binance Smart Chain blockchains.

Why Participate?

  1. Get rewarded for discovering meaningful technical or UI HyperSwap vulnerabilities and weaknesses
  2. Be an Spherium pioneer user and have the chance to try HyperSwap before anyone else
  3. Learn about our innovative cross-chain swap technology and liquidity provision mechanism
  4. Meet and collaborate with the Spherium developers to help us bring more interoperability to the DeFi landscape.

How to Participate?

  1. Fill in the Testnet Whitelist form: Beta Launch of Hyperswap
  2. In the form, read, sign, and submit Platform Testing Agreement (anyone that doesn’t submit it won’t be eligible to participate)
  3. Check your email at 3:00 pm UTC on Saturday 28th to see if you were selected (program is only limited to 1,000 participants)
  4. Read and review instructions of participation sent to you via email
  5. Submit to our the team as many quality feedback, bugs, and suggestion reports for a period of three weeks.

Participants with the most quality submitted reports will be eligible to receive rewards, such as HyperSwap native tokens, $SPHRI.

Links:

Twitter: https://twitter.com/spheriumfinance

Medium: https://spheriumlabs.medium.com/

Telegram: https://t.me/spheriumcommunity

Telegram Announcements: https://t.me/SpheriumAnnouncements

Linkedin: https://www.linkedin.com/company/64719370/admin/