Nabla Finance's Testnet Alpha was a huge success, thanks to all the participants, supporting partners, and guardians.
13k+ Nablans participated in the Sybil-protected testnet. This was more than double our expectations.
3 Million $AMBER points were allocated as a reward, including the 1 Million reserved for the Pythians over a 4-week testnet campaign.
The campaign setup was first come, first serve for Weeks 1 & 2, and raffle for the Week 3 & 4.
As the name suggests (alpha), the product was imperfect due to some contract or indexer issues, especially in the campaign's first two weeks. We allowed the participants from Week 1 to continue their unfinished tasks in Week 2. The same applied to weeks 3 and 4.
However, we needed to redeploy all the contracts except the test token contracts to fix some critical issues. This meant that Week 3 started with a pool reset. This was not a problem as the campaign setups of the first two weeks(FCFS) and the last two (raffle) were different.
Changes to campaign setup
Out of 13k participants, ONLY ~500 completed all the required tasks. Firstly, it will be unfair to reward only 500 users. Secondly, neither FCFS nor the raffle appeared to be a suitable setup to reward the majority of the participants.
We decided to reward more users, not only those who completed all tasks. How could we reward as many test users as possible?
We decided to give each task $AMBER points and reward as much as Nablan possible based on their results.
As we decided to reward more Nablans, we needed to increase the total reward amount.
We increased $AMBER allocation from 3 to 7 Million!
How are rewards calculated?
Tasks are graded by points as follows
Do at least 3 swaps: 100 $AMBER
Add liquidity to 3 Swap pools(SP): 150 $AMBER
Withdraw liquidity from SPs: 150 $AMBER
Add liquidity to the Backstop Pool(BSP): 150 $AMBER
Withdraw liquidity from BSP: 150 $AMBER
Redeem SP LP shares via BSP: 250 $AMBER
Withdraw BSP liquidity via excess SP: 250 $AMBER
Swap into a depleted pool (bonus task): 100 $AMBER
We've declared tasks 1-7 required, and 8th is the bonus task.
We applied below limitation:
For Weeks 1-2: The user must get at least 400 points out of 1200.
For Weeks 3-4: The user must get at least 550 points out of 1200.
Please remember under the standard campaign terms "all tasks" were required. So we are loosening the requirements in favor of the majority.
We applied these rules and calculated the rewards of the eligible users.
You can check the testnet rewards by searching your wallet: Testnet Results.
Check task details here: https://docs.google.com/spreadsheets/d/1l6FVO67xqYICk_l_Eeb0Ac0dvUKH-8nbwyu0zKDj6t8/edit?usp=sharing
8056 testnet participants out of 13123 appeared to be eligible for rewards. This is ~61%, literally "the majority," as we intended.
Please also remember that the testers not whitelisted for rewards are excluded.
The list does not include the Feedback Bounty rewards. 33 users are eligible for the feedback bounty reward of 500 $AMBER each. You can check here.
PGE (Point Generation Event)
The minting of $AMBER is done on the day of the leap year, Feb 29 2024 on Base L2. The max supply is limited to 100M and fully minted. You can add $AMBER to your wallet with the information on our docs.
Distribution
The amount that will be dropped will include all the past campaign rewards, including Galxe or Zealy, in addition to the testnet alpha reward.
$AMBER distribution will be done in batches between Feb 29 and Mar 10.
Appeal
If you think you completed the required tasks and got whitelisted but could not find your wallet address in the list please fill out this Google Form. Make sure you check the detailed task sheet.
PS: Beware of Scammers. Nabla Team won't DM you or won't DM you any links. You can check our official channels on linktree.
