Nabla "Incentivized Testnet Beta" - Base Sepolia Launch

Update (May 29th): veAERO holders are eligible for the testnet and can now mint the Testnet Beta NFT. The Base Sepolia testing is extended until June 10th at 9 AM UTC.

Nabla's Incentivized Testnet Beta will be deployed to 3 different test chains, starting with Base Sepolia. The "Base Sepolia" app can be tested by Testnet Beta NFT holders.

• Each testnet chain deployment is limited to 600 testers.

• Testnet beta on Base will run until June 3rd 10th, 2024, at 9 AM UTC.

The testers must perform at least one testnet task, and each task is allocated a specific $AMBER points. Testnet Beta tasks and corresponding points are described on our docs: https://docs.nabla.fi/incentivized-testnet-beta/testnet-beta-tasks

The wallets included in the allowlist can mint Testnet Beta NFT. The allowlist will launch with a few communities and be expanded every few days with new communities.

Initially, the below communities are included in the allowlist:

1. veAERO (locket $AERO) holders on Base

2. Degenscore beacon holders on Ethereum

3. TOP 10,000 $DEGEN holders that have a connected Farcaster account

4. Onchain Gaias or Based Punks NFT Holders

5. fBOMB holders on Fantom and Base or Millenium Club (MCLB) holders on Fantom

6. Competition and Raffle winners

We will announce the next communities being added to the allowlist as we do.

The minters will get the "Testnet Beta Participant" role on Nabla's Discord. We will send test tokens in bulk, and role holders will be able to request test USDC from a faucet channel.

There are 2 $AMBER point categories for the Testnet Beta:

1. Task completion based: As shown in our docs the testers will earn points for each task.

2. There is a PnL reward for the TOP 10 users with each chain: The reward is 1000 $AMBER for each TOP 10 users with the most USDC value. To be eligible for the PnL reward, the tester will need to:

   1. Close all LP positions, including the backstop pool

   2. Swap all test tokens back to USDC before the end of testnet on that chain (3rd 10th of June)

   3. Whitelisting for Mainnet Alpha

Receiving additional testnet assets from other users will disqualify the user from the PnL reward. The testers with the most USDC will earn the PnL rewards.

Good Luck! WAGMI!