TapiocaDAO Testnet Guide - Step by step.

TapiocaDAO is a Decentralized Autonomous Organization (DAO) building the first ever omni-chain currency market on 17+ EVM and non-EVM networks.

Omnichain’s compositability creates a whole new open financial layer that empowers DeFi users across dozens of networks. Tapioca uses the LayerZero generalized messaging network as its omnichain infrastructure. LayerZero provides seamless interoperability and interoperability with dozens of disparate networks. By eliminating chronically exploited intermediaries that create undue attack surfaces, Tapioca simplifies the disparate DeFi user experience and offers users previously unavailable levels of capital efficiency through liquidity defragmentation.

usdØ is the first decentralized, non-algorithmic, collateralized and censorship resistant omni-chain USD-pegged stablecoin. The existing stablecoins are little more than unconnected tokens, similar to store credit, due to the lack of secure and reliable cross-chain transport. Through the use of the LayerZero Omnichain Fungible Token (OFT) standard, usd0 can be seamlessly transported across many chains without a bridge, eliminating slippage, latency and fees.

A decentralized central bank allows users to lend, leverage, and borrow assets across many disparate chains, thereby reducing friction from current isolated liquidity in the wider DeFi ecosystem and offering an important building block in the omnichannel DeFi future. By offering lending, borrowing and leverage services across many chains, users get a wider range of lending and borrowing options and therefore higher real returns on these assets.

Opinion:

In the tokenomics of the project, 2.5% of the total supply of tokens is allocated to an airdrop. It will be distributed to LBP (IDO) members, Guild Members Tapioca, twTAP lockers, as well as to the upcoming NFT collection called “Pearl Club” and its respective owners. It has also been confirmed that “Pearlers” role holders will receive an Airdrop.

Let’s start testing

• Visit ChainList and add these three networks — Fantom, Arbitrum and Avalaunch.

Claiming FTM, ETH and AVAX test tokens

• Claim test tokens for commission fees: AVAX, ETH and FTM.

Let’s start testing

• Visit the website and connect your wallet to any of the added networks.

Claiming test tokens

• Switch to the “Mint” tab;

• Click on “Token Chain”;

• Choose tokens for the network you’ll be testing in and click on “USDO”;

• Next, click on “Mint”;

• Done. Repeat these steps for all added networks.

Borrow

• Switch to the “Borrow” tab, choose and click on any position you like;

• Enter the deposit amount and click on “Borrow”;

• Do all of the steps in the screenshot below, while confirming transactions in your wallet;

• Done.

Lend

• Switch to the “Lend” tab, choose an asset and open its position;

• Enter the number of assets and click on “Lend”;

• Do all of the steps in the screenshot below, while confirming transactions in your wallet;

• Done.

Teleport

• Switch to the “Teleport” tab, enter the number of tokens, choose the destination network and click on “Teleport”;

• Next, click on “Submit”;

• Done. Testnet finished.

Getting roles on Guild.xyz

• Visit the Guild.xyz website, make sure you fit the requirements to qualify, and claim “Pearlers” in Discord.

Leaving feedback

• Visit the project’s Discord and leave your feedback on the #beta-feedback channel;
• Feedback on phase 1 is not accepted any longer, wait for phase 2.

Made in NFD.GG — Join Beta Test

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