The Great Hunt, Part 2 - Shade Incentivized Testnet

The hunt for utility in Private DeFi is on as dSHD nears launch on Shade Protocol! The Shade Incentivized Testnet, dubbed "The Great Hunt, Part 2" kicks off on April 9th, 2024 and ends on April 22nd, 2024. This is your chance to be the first to use liquid staked SHD on Testnet, explore the new staking derivative UI, and potentially earn rewards by identifying bugs and usability issues.

May the best hunters win The Great Hunt, Part 2.

What is dSHD?

dSHD is a liquid staking token for SHD, built by Shade Protocol, that allows you to earn yield on your staked assets without locking them up. Normally when you stake crypto assets, they are locked up and illiquid until unbonded. Additionally, staking yield needs to be manually compounded and/or claimed. However, dSHD allows users to maintain a SHD staking position that auto-compounds staking rewards

solves this by giving you an IOU token representing your staked assets. You can then trade this IOU token freely while still earning staking rewards. When you're ready, you can burn the IOU to retrieve your original staked assets.

In simpler terms, dSHD lets you earn auto-compounding yields as if your tokens were locked up staking, but you never lose the liquidity of your assets.

Rewards and Bounties

A total of 350 SHD tokens (worth around $2200 USD) will be distributed to testnet participants who uncover bugs and usability issues. The rewards break down as follows:

Usability Bounty - 250 SHD Total ($1,500+/- USD)

- 50 SHD each to the top 5 submissions related to usability

Bonus - 100 SHD Total ($630 USD +/-)

- 10 SHD each to 10 random testers  for high impact bug reports

Submissions will be judged on impact, clarity, and depth of the issue reported. The top scoring tickets in each category will receive the rewards.

Join The Great Hunt, Part 2

• 1. Join the Shade Discord server 

• 2. Navigate to the #testing-feedback channel

• 3. Read the pinned messages for submission guidelines 

• 4. Connect to the Secret testnet and Shade testnet 

• 5. Start testing and submit tickets for any bugs or usability issues encountered

  
  

Note: The testnet is live as of April 9th, 2024. 

Connect To Testnet

To connect to the public testnet to begin testing, perform the following steps:

• Config your wallet: https://securesecrets.github.io/SecretTestnetConfig/

• Visit the Secret Network testnet faucet website and get SCRT. 

• Go to https://testnet.shadeprotocol.io/

• Password: sparta

• Obtain SHD by swapping SCRT -> SHD in our testnet UI (we handle the wrapping for you in the tx)

• Start testing dSHD on the derivatives page

• Note that ShadeSwap testnet functionality will go live on Thursday.

Ticket Standard / Format

To get credit for your ticket submission, use the following format below when submitting a ticket on discord or through the app:

1. Priority: What is the priority of this issue? (urgent, high, medium, low)

2. Impact: What is the magnitude of this issue? (Users are unable to connect wallet)

3. Summary: Summarize the problem in a brief sentence.

4. Description: In depth description of how you encountered it and why this is important to solve.

5. Steps to Reproduce - for exactly how to reproduce how you found the bug (i.e., navigate to bonds landing page, click X button, etc.)

6. Actual Result - what the actual result is when you reproduce those steps.

7. Expected Result - what the result should have been.

8. Attachment: Attach an image or video to help better visualize the problem

9. Frequently, your webpage’s console will have more details on the issue. To screenshot this: press Ctrl-Shift-J on Windows (Cmd-Option-J on Mac) or Right-Click → Inspect → Console

10. Wallet Address: Submit a wallet address to potentially receive compensation (Omit for feedback on Discord).

11. Email Address: Submit an email address to stay in contact

12. Submission of a ticket can be done directly on discord, on the Shade App, or through the official ticket management portal!

https://securesecrets.atlassian.net/servicedesk/customer/portal/3/group/11/create/37

Join the conversation with other hunters:

• Join Shade Discord

• Navigate to the "Testing & Feedback" Channel

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Information provided in this post is for general informational purposes only and does not constitute formal investment advice. Please read the full disclaimer at shadeprotocol.io/disclaimer before relying on any information herein.