@aptoslabs is a new L1 blockchain, launched in 2021.
They received +350M in funding from the likes of FTX, Jump, a16z.
No token yet, but they plan to lauch $APT
On this thread: how to use Aptos, and 4 bonus no-token protocols to try!
🧵👇
On this thread, quick and easy:
• What is Aptos exactly
• How to participate in testnet and potentially get 500 $APT tokens
• How to install wallet (MM not supported)
• 4Birds1Stone to try on this new blockchain: @martian_wallet, @TopazMarket, @vialprotocol, @PontemNetwork
1/12
Aptos is a new blockchain focusing in scalability.
This could be a big VC dump, so careful with hype when $APT starts trading in a few months
3/12
TECH
The team consists of people with ties to Diem/Novi, Facebook's dead crypto project.
They have their own programming language, called "Move", formerly used by @DiemAssociation.
Many Solana developers are allegedly fleeing to Aptos.
They claim to have 160K of TPS
4/12
INCENTIVIZED TESTNET 🪂
There will be 4 rounds of "Incentivized Testnets" where users can run a node and get $APT when the token launches.
Aptos recently concluded Incentivized Testnet Round #2, with 225 participants. Each of them is getting 500 $APT tokens.
5/12
INCENTIVIZED TESTNET 🪂
Registrations for round #3 open in August 15 📆
How does this work?
• Users register to participate in testnet
• They get accepted by the team
• They meet the requirements for the round (to be published)
• They get $APTOS when token launches
6/12
INCENTIVIZED TESTNET 🪂
If you are interested in participating, monitor their Medium or follow me @OlimpioCrypto, I will post as soon as #3 opens.
For context, these were the requirements for Testnet Round #2, which concluded last week.
• Avail from Polygon, and
• EigenDA from @EigenLayer
INCENTIVIZED testnet in @AvailProject has already started. Incentivized = token rewards?
TIME SENSITIVE: EigenLayer is increasing restaking caps today!
Information 👇
1/14
What is a Data Availability Layer 💾
A Data Availability (DA) Layer is a specialized layer that ensures data, such as transaction details, is stored and accessible in a decentralized manner.
0xngmi said it best, think Dropbox but for chains.
Aave found a vulnerability in their v2 and paused contracts.
Funds seem to be safe, but there might be forks that aren't.
Hackers are probably now analyzing all code to see if they can find the exploit before it gets patched/announced. Get out of all Aave forks, just in case.
People in mainnet v2 cannot withdraw or deposit for now, out of an abundance of caution they've frozen contracts.
Activity and withdrawals will be resumed in the coming days following a governance proposal