Celer Network launched the Layer2.Finance testnet carnival event, with a total prize of 32,000 US dollars

Original source: Celer Network

In the final stage of Layer2.Finance system audit, we grandly launch the Layer2.Finance testnet carnival event, let everyone through a A series of interesting competitions to test our Layer.Finance system. We have three contests with a combined prize pool of $32,000. With this, we hope to:

- Get everyone familiar The core concept of Layer2.Finance;

- For our second layer< /span>The rollup system undergoes high voltage testing to ensure its reliability and stability;

- Get UI/UX feedback from the community to further improve the experience of using DeFi.

Layer.finance test network access address is: ropsten.layer2.financ< /span>e

Quick Start Guide

Layer2.Finance test network is deployed on Ropsten, so users need to have some Ropsten first Test ETH. Users first need to switch Metamask to the Ropsten test network. Then please refer to the picture above to get Ropsten ETH and other test coins (DAI, USDC, CELR).

Deposit to L2 system (Deposit to L2)

in own After testing the coins, the user can click the "Deposit to L2" button next to each coin and enter the number, so that the test coins on the first layer of Ropsten can be transferred to the second-tier rollup system of layer2.finance. When the second-tier system receives the event notification of the user depositing coins, the user can see his deposit information on the "History" page, and can start using his own test coins in the second-tier system.

Operating on L2 system

Users can deposit their own two-layer system test coins into each strategy (strategy) to obtain income. A strategy can have only a single protocol such as Compound or AAVE, or it can be composed of A combination of multiple protocols.

When performing strategy operations, users only need to use metamask to sign a second-level transaction without using metamask in Ropsten Do anything. When a user submits a signed deposit/withdraw operation, the user request will be put into a block to be processed in L2, and then summarized and packaged and submitted to Ropsten L1 at one time.

The "Next aggregated fund reallocation" on the page indicates that all user requests for submission will be packaged next time Estimated time to L1 and perform collective strategy operations.

Because L2 transaction costs are very low, layer2.finance does not charge user fees in the initial stage of the launch . Users can freely move funds between different strategies to obtain the highest return. At present, we stipulate that users can only have one access operation waiting to be packaged and submitted for a policy, and this restriction will be removed in a future version.

Withdraw money back toL1 system  

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Users can withdraw the balance not in the strategy toL1 at any time, this process requires two steps:

1. Click the "Withdraw to L1" button to trigger the withdrawal in L2 Operation

2. The rollup block containing the request is in After confirming on L1 and passing the rollup challenge period, the user can click "confirm" on the "History" interface to confirm on L1, thereby completing the withdrawal operation.

The following are the three layer2.finance testnet activities we launched:< /p>

(1) Highest Yield Contest

We invite everyone to join the competition In the competition for the highest testnet yield, the total yield is maximized by dynamically pursuing the highest yield strategy in the two-layer system. The rate of return of all strategies will change over time, so please pay attention to the latest rate of return and adjust your capital allocation in time.  

Activity time:

Beijing TimeApril 6, 2021 08:00 to April 19, 202108:00.

Scoring rules:

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We will rank users based on yield score (sum of yields for all coins).

For each currency, yield = (all possible Sum of funds withdrawn to L1 / sum of all funds deposited into L2 during the competition).

Friendly Reminder:

- Please pay attention to all currencies and strategies, because the final score is based on the sum of the returns of each currency;

- There is no need to get too many test coins, because the score is only related to the rate of return; span>

- Don't be afraid to join late, because the first to join It is possible to miss out on high yield opportunities.

Bonus:

(2) Stability Test Contest

If you are interested in the performance of the layer2.finance two-layer system under the strong load stress test, welcome to join the stability test competition. We will simply reward users based on the number of actions they take, thereby encouraging everyone to help us test the performance of the system under high-pressure environments.  

Activity time:

Beijing TimeApril 6, 2021 08:00 to April 19, 202108:00.

Scoring rules:

Users are ranked based on their frequency score.

Usage Frequency Score = the number of qualifying actions the user took during the test period.

Eligible actions include:

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- No more than 20 deposit operations from L1 to L2 per day;

- no more than 20 withdraw operations from L2 to L1 a day;

- Unlimited number of L2 policy operations.

Friendly Reminder:

- There is no need to initiate too many L1 access operations, because score statistics have a daily limit;

- Don't worry about joining late, because the leaderboard and rewards will be reset every day.

Bonus:

Bonuses will be accumulated based on the daily leaderboard and will be accumulated at the end of the event Distributed later.  

（3）User Interface Interaction Design (UI/UX) Feedback Award

Finally, we hope to seek valuable opinions and suggestions on UI/UX (website user interface design and interaction) in the community, and hope that community users will Help us discover errors or malfunctions in the system.  

Activity time:

Beijing TimeApril 6, 2021 08:000 to April 19, 202108:00.

Layer2.Fiance introduces a new way to interact with the entire DeFi ecosystem. We are committed to using layer2 empowerment to reduce users' transaction costs and simplify the complexity of DeFi transactions. We also realize that layer2 website design is one of the newest areas of blockchain application design. Therefore, we hope to understand the user's feedback on the interface design interaction and user experience.

We have prepared a simpleUI/UX feedback form for easy understanding:

Is there any confusing wording in the UI?

Should a novice guide be added to some processes to let users complete the core process?

Should some other features be added to makeLayer2.Finance easier to use?

Are there some unclear and unintuitive operations?

Before the official release of Layer2. Comments and suggestions, which will all serve as constructive feedback for us to improve the official version.

The link to the feedback form is as follows: http://celernetwork.mikecrm.com/J1V99Db 

You may submit a feedback questionnaire at any time during the event. We will randomly select 20 high-quality feedbacks, and give US$200rewards to each corresponding user!

Beta version software precaution statement

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Layer2.Finance is one of the first brand new products built using layer-2 rollup expansion technology. While we've done a lot of internal testing, we should also set reasonable expectations for this internal beta testing software.

During the testnet process, it may cause problems in use, and it is not ruled out that individual bugs may cause < span class="font">smart contract risk of redeployment startup. Hope you can understand.

If some of the above incentive activities cannot be carried out due to extreme failures in the test network, the Celer team reserves the right to suspend, restart or end the activity.

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