Aqua Protocol: The Last Testnet, Huge Rewards, The Future of DeFi!

Bittime – Crypto users hungry for innovation and interested in the future of decentralized finance (DeFi) on the TON blockchain, there is good news! Aqua Protocol, TON's leading DeFi platform, has just announced the launch of the official (and final) testnet for Aqua Protocol V3. This is a golden opportunity for you to take part in testing the first decentralized and censorship-resistant stablecoin protocol on TON, ahead of its long-awaited mainnet launch.

Addressing the Need: A Better Stablecoin on TON

So far, users on the TON blockchain may be familiar with the existence of USDT. However, USDT is centralized in nature, meaning complete control over its minting and operations is held by a single entity, Tether. This raises concerns of potential manipulation and censorship. Aqua Protocol is here as an alternative solution that is more transparent and empowers users.

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AquaUSD, the stablecoin offered by Aqua Protocol, is backed by a minimum of 150% collateralized assets originating from within the TON ecosystem itself. These can be staked TONcoins, low risk liquidity tokens, or real world assets (RWA). With this scheme, AquaUSD offers price stability which is pegged at $1 USD.

AquaUSD Advantages Compared to USDT:

• Decentralization: No single entity controls the minting and operations of AquaUSD. Users have greater control and the potential for manipulation is reduced.

• Censorship Resistance: Financial transactions and activities involving AquaUSD cannot be blocked or restricted by third parties.

• Accessibility: Anyone can mint AquaUSD by depositing sufficient collateral, opening up wider participation opportunities.

• Unlimited Financial Operations: Users can carry out various financial activities using AquaUSD, such as transfers, staking, and trading, without restrictions or censorship.

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Get Attractive Aqua Protocol Rewards by Becoming a Tester

Aqua Protocol not only offers the opportunity to experience the future of DeFi on TON, but also provides tempting rewards for testnet participants. XP earned on the Zealy platform during testing will be converted into AquaXP tokens.

AquaXP not only marks your participation in the testnet, but also opens up the opportunity to receive an Aqua token airdrop when the project launches on mainnet later. The more actively you participate in testing, completing quests, and reporting bugs, the greater the rewards you can get.

How to Join the Aqua Protocol V3 Testnet?

Becoming an Aqua Protocol V3 tester is easy! Follow these steps:

1. Visit Zealy Platform: https://zealy.io/
2. Complete Mandatory Quests:
   • Follow the official Aqua Protocol Twitter account at @aquaprotocolxyz.
   • Like, retweet their testnet tweets by including original comments and tagging at least 3 of your friends.
   • Join Aqua Protocol's official Telegram community at @aquaprotocolxyzen.
   • Join Aqua Protocol's official Telegram news channel at @aquaprotocolxyzchannelen.
3. Explore the Aqua Protocol Web App: Access the Aqua Protocol web application at app.aquaprotocol.xyz. There, you can explore its various features.
4. Perform Tests and Make Contributions: Use web applications to perform various relevant activities and scenarios. Report any bugs you find, or provide feedback and suggestions for improving the user experience.

Testing Focus in the Aqua Protocol V3 Testnet

To ensure smoothness and security during the mainnet launch, Aqua Protocol invites testers to focus on the following things:

• Test Web App Features: Explore all the features available in the Aqua Protocol web application. Learn the commission calculation mechanism and be alert for bugs or discrepancies.

• Integration with Liquid Staking Platform: Aqua Protocol V3 supports integration with various liquid staking platforms on TON, such as Tonstakers, Bemo Finance, and Hipo Finance. Test Aqua Protocol functionality with liquid staking tokens from all three platforms.

• Other Scenarios: Feel free to experiment with the different functions and crypto wallets you have. The more scenarios you test, the more comprehensive bug reports and feedback you can provide.

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