Guide to Timeswap’s Gamified Testnet

It’s time to put your degen hats on as Timeswap’s Gamified Testnet is almost here.

After an overwhelming response to our announcement last week, we are excited to announce that the Gamified Testnet will be going live at 2 pm UTC on Dec 8th and all the 8k+ whitelisted participants will be able to take part and go for gold.

Using the Gamified Testnet

The Gamified Alpha UI and pools will work on the same lines as our regular testnet. All the pools involved in the game will be displayed on the dashboard to lend/borrow from.

For an elaborate guide on how to use the Timeswap Alpha, check out our guide here.

Roadmap for Gamified Testnet

The Gamified Testnet will work with various test token pools on the Rinkeby test network. The objective for every user is to maximize their pool of capital by the end of the competition.

The competition will run across two weeks — Level 1 and Level 2.

At the beginning of each level, all whitelisted participants will receive 10,000 TS-USDC (same spot price of USDC) tokens which will be used by participants to lend/borrow from various pools to eventually maximize their returns.

Level 1(Week 1): Users can use the TS-USDC(same spot price of USDC) to lend/borrow as well as swap across the following assets — TS-ETH, TS-DOGE TS-SHIBA (same spot price of ETH, DOGE and SHIBA respectively). We will be providing a swap service on the UI where users can swap between the various test tokens. These tokens will be exchanged at the corresponding market price which is being pulled in via an API.

There will be multiple pools, each with a maturity of 7 days.

TS-ETH — TS-DOGE

TS-DOGE — TS-ETH

TS-DOGE — TS-SHIBA

TS-SHIBA — TS-DOGE

TS-USDC — TS-ETH

Level 2(Week 2): Level 2 will have new pools with a 7-day maturity. The exact dates for the launch of Level 2 will be shared subsequently.

The top 10 performers of Level 1 will receive additional points that will count towards the final score after Level 2.

Users who missed the Level 1 deadline for registration will be able to get their address whitelisted for Level 2 and participate in the competition. The final reward will be based on the score at the end of Level 2. More information on the point system will be shared during the course of the event.

The Scoring System

The Timeswap Team will be taking a snapshot of TS-USDC balance of each participating wallet exactly 24 hours after the close of each level i.e at 2 pm UTC on 16th December for Level 1. The timelines for Level 2 will be shared subsequently.

Note: We will be providing a 24 hour window at the end of each level(week) for participants to convert all their non-TS-USDC tokens back to TS-USDC. Each participant must ensure they do the same within the given time as the final list of winners will be based on each wallets’ TS-USDC balance. The swap service will freeze the exchange price for all tokens exactly at the moment of closure of each week and users can use the 24 hour window to swap assets at the frozen price.

Summarizing:

Some Ground Rules

Some tips for Time Travelers

There are countless strategies that can be implemented as part of the game, we are looking forward to hearing all the innovative strategies cooked up by Time Travelers on our discord. Come hang out in the gamified testnet strategy channel on discord with other degens, share alpha and win together!

To the Moon!

We hope that you are excited as we are. Dive deep into the simulated world of permissionless lending and borrowing to get a taste of DeFi 2.0 and shoot for the moon!

Let the games begin!

Also, be sure to join our community of Time Travelers on Discord and follow us on Twitter and Telegram to make sure that you do not miss any of our announcements during the next 2 weeks!

Like Uniswap, but for lending & borrowing