Kava Swap Testnet Tips
What To Expect During the Competition
Kava Labs is thrilled to a have a record number of users registered to test out Kava Swap before its scheduled launch on August 30th, 2021. Here is a preview of what to expect when Kava Swap Testnet begins July 28th @ 17:00PST (July 29th @ 00:00 UTC) as over 35,000 registrants compete for $120,000 in prizes!
Before the testnet starts:
- Users can check this list to confirm their address is registered.
- Make sure your TrustWallet or Ledger is ready for connecting to the testnet.
- If you are using a ledger for the first time, please complete this configuration.
How to access the testnet:
- Visit app.swap-testnet.kava.io (coming soon) and connect your TrustWallet or ledger.
- When the testnet launches on July 28th @ 17:00PST, all users will already have the same starting balance. Unlike past testnets, there is no need to get coins from a faucet
- All users will start with an equal amount of coins, totaling ~10k USD. Users will receive a combination of all available coins on Kava platform ( KAVA, HARD, USDX, BUSD, BTCB, BNB, and XRPB)
What to watch for when the testnet starts:
- Initially, there will be no pools, so pools will be created by contestants after the launch. Any user can create a pool (must be quick to act), or wait for them to appear in the web app.
- Users will be able to swap between coins, add/remove liquidity from an existing pool, or create a new pool.
- Be vigilant for arbitrage opportunities when pools are created — these could be a great opportunity to increase the USD value of testnet funds. Frequently check asset prices on testnet to take advantage of arbitrage opportunities.
- At launch, all pools will have the same SWP rewards. After launch, Kava Labs alter the APYs at random intervals, so check the web app to maximize your SWP reward earnings.
- Post launch, Kava Labs will also cause price dislocations in the pools. This will lead to profitable arbitrage opportunities for those who are watching closely.
- USDX minting will be included in the testnet — that is another option to consider in attempt to maximize SWP rewards.
Payouts 🏆
- Tier 1 — top 1% of participants are entered in random drawing for one of five 10,000 USD prizes
- Tier 2 — top 5% of participants get entered in random drawing for one of twenty 2,500 USD prizes
- Bonus Prize Pool — top 200 users will be each receive $100
- Payouts will be priced 14 days (12:00UTC) after successful Kava Swap mainnet launch and distributed the following business day.
Details
Competition Period
Important URLs
Competition Details
Tips to Win
Any questions? Hop into Kava SWAP Telegram group and get them answered! https://t.me/KavaSwap
Stay in touch!
- Follow us on Twitter: https://twitter.com/kava_labs
- Join the conversation on Telegram: https://t.me/kavalabs
- Checkout our code: https://github.com/kava-labs
- Subscribe to our YouTube: https://www.youtube.com/c/Kavalabs/videos
Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making investment decisions.
