DeFund Finance has launched its public testnet, offering early users the chance to test the platform’s key features and earn rewards through an incentivized $D token airdrop. This testnet is a crucial step in DeFund's mission to create a seamless cross-VM liquidity hub, designed to simplify liquidity management across multiple virtual machines (VMs).
In this post, we’ll dive into what the testnet is all about and how participants can maximize their opportunity to earn $D tokens before the mainnet launch.
What is DeFund Finance?
DeFund Finance is building a cross-VM liquidity hub, aimed at attracting liquidity providers and asset managers who need efficient tools to manage assets and minimize risk. The platform is designed to make it easy for rollups and liquidity providers to access the assets they need, across multiple blockchains, all while ensuring seamless performance. DeFund aims to fill a critical gap in the market, enabling smoother, more efficient transactions for liquidity providers and traders.
Now, after months of development, DeFund has opened its public testnet, allowing users to explore the platform’s functionality while being rewarded through an incentivized airdrop of $D tokens.
What is the Purpose of the Testnet?
The purpose of the DeFund public testnet is twofold: first, to thoroughly test the platform’s key features, such as asset trading, liquidity pools, and cross-chain interoperability, and second, to reward participants through a generous airdrop program. By participating in the testnet, users will help stress-test the system, ensuring its performance and security are ready for the full mainnet launch.
Key features being tested include:
Account creation via MetaMask or email
Spot asset purchasing and swapping using market and limit orders
Providing liquidity to standard pools
Minting options through option vaults
Secondary trading of options using an order book
Providing liquidity to hedged pools
These features are essential to DeFund’s vision of creating a robust liquidity hub that operates across different virtual machines.
The $D Token Airdrop - What You Need to Know
One of the most exciting aspects of participating in this testnet is the $D token airdrop, which is being offered as an incentive for users. Here are the key details of the airdrop:
17% of the total $D token supply (250 million tokens) is reserved for the airdrop.
Participants in the testnet will automatically become eligible to receive a portion of the airdrop.
Eligibility includes:
$TIA holders
Incentivized testnet users
Previous DeFund testnet participants (through a loyalty drop)
Airdrop rewards will be distributed upon the launch of the DeFund mainnet, though the exact timing is still to be determined.
How to Participate in the Testnet and Claim the Airdrop
Participating in the DeFund testnet and earning $D tokens is a straightforward process. Here’s a step-by-step guide on how to get started:
Visit hq.defund.app: This is where the testnet is hosted. Connect your MetaMask wallet to generate your DeFund and Celestia testnet addresses:
Install the Cosmos Extension for MetaMask: If you don’t have it already, you’ll need this extension to interact with the DeFund testnet. Be prepared to confirm multiple steps as you go through the process:
Note, if you don’t already have the Cosmos Extension for MetaMask installed, you will need to install it in order to use the DeFund testnet. You may have to confirm multiple times.
Find Your Celestia & DeFund Addresses: Once connected, you will see your new testnet addresses for Celestia and DeFund. Make sure to copy these addresses for the next steps:
Join the Celestia Discord: Head over to this link and join the Celestia community. You’ll need to request testnet funds from the Mocha-Faucet channel.
Request Testnet Funds: In the Mocha-Faucet channel, use the format
$request [your Celestia address]to receive the required testnet tokens:
Transfer Tokens: Once you’ve received your testnet tokens, visit metamask.mysticlabs.xyz to transfer your tokens from the Celestia testnet to the DeFund testnet:
Start Trading: After funding your wallet, you’re ready to explore the platform. Use the swap interface to exchange $TIA for other available tokens, and track your progress in MetaMask’s “Snaps” section or directly on the website:
Tracking Your Progress and What’s Next
While the current testnet is focused on basic functionalities like swaps and liquidity provision, DeFund will soon introduce a points tracking dashboard. This will allow users to monitor their activity and progress, which may affect airdrop rewards. As the testnet evolves, more features will be added, and participants can expect further updates on how to maximize their rewards.
Get involved, complete the steps, and be part of DeFund’s growth as it prepares for the next phase of its launch.
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