Shell Protocol Testnet - Step by step instructions for participation.
Shell Protocol - The highly anticipated version of Shell v2 enables the creation of cost-effective AMMs that can evolve over time, develop transactions with smooth atomic linking, and offer up to 4x lower gas costs to its users.
It is a new ecosystem of financial primitives such as AMMs, credit pools, algorithmic stable coins or NFT markets, forming the next wave of leading DeFi projects.
The wait to try Shell v2 has ended. As of right now, we are extending testnet access to members of the general public for use on Arbitrum Rinkeby.
The Shell v2 testnet is a way to experiment with the new interface without having to use real stable coins. You can LP, wrap tokens, and even try out the new multi-token swap feature by adding more than two token types to your trade.
Shell v2 has a lot of exciting components coming, and some are already available now. More will be added to the testnet in the months ahead, but this is a first slice of what we have to offer.
Since the testnet is on the Arbitrum Rinkeby test network, you’ll need to follow a few steps to get free test ETH and move it to the correct side chain:
- Set up Metamask on a desktop browser if you haven’t already.
- Connect to Mainnet Rinkeby. With Metamask, in the network selection dropdown, click ‘show/hide test networks’ and then switch to Rinkeby Test Network.
- Get Rinkeby ETH. Use a Rinkeby faucet while connected to Rinkeby with your Metamask wallet. Here’s one.
- Visit the Arbitrum bridge. Your Metamask wallet must be connected to Rinkeby Test Network. Using the bridge, deposit your Rinkeby ETH (it will be sent to the Arbitrum Rinkeby network).
- Add Arbitrum Rinkeby to your Metamask network list. In your Metamask network selection dropdown, click ‘Add Network.’ Fill in the details from the Official Chain Labs Public Testnet Guide.
Start testing
We connect our test wallet to the site - https://alpha-testnet.shellprotocol.io/faucet and brand the test tokens.
Tokens will be credited to the account within 5 minutes.
Go to the "Trade" tab and proceed to the testnet.
For better performance of work, you need to perform exchanges in the following sequence:
The next step is to wrap the tokens, perform it step by step as shown in the screenshot and in the following options (use half the amount of tokens)
DAI-shDAI / USDT-shUSDT / USDC-shUSDC
Expand half of the sum for each pair.
The final stage of testing - we bring in liquidity
Click on the "+" and perform step by step as in the screenshot
Check the "Wallet" tab, your liquidity should appear there.
Perhaps passing the testnet will bring us some profit in the future, but this is not certain. It didn’t take us a lot of time and didn’t make us sweat, we put it in a piggy bank and follow the updates on their social networks. It is unnecessary to submit a report, if you find a bug, write to them in Discord.
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Twitter: https://twitter.com/ShellProtocol
Discord: https://discord.gg/S5EU5zmqxP
Telegram: https://t.me/shellprotocol
GitHub: https://github.com/cowri/
Website: https://shellprotocol.io/
Any questions? Ask them in our chat - https://t.me/whitelist_guide
