Thread by @0xNelli

Phase 1 for @tapioca_dao beta has officially concluded! After over a year of development, the public had their first chance to use the dapp.

Here is a deep dive on the beta thus far and how you can capitalise on future phases and help contribute to a better tapioca product 🧵 👇

Phase 1 took place over 4 days and recorded the following stats:
- Over 800 pieces of feedback collected
- 4060 wallets interacting with the platform
- 17,401 transactions across the various testnets

Needless to say, the product was stress tested and many learnings were shared.

Although phase 1 has concluded, the beta and new website are still live and accessible to everyone.

Here's the link to the @tapioca_dao beta: beta.tapioca.xyz

Also be sure to check out the newly revamped tapioca website: tapioca.xyz

As mentioned in both Taptalk 23 & 24, the Beta will be rolled out in phases.

Phase 1 tested singularity, the borrowing, leverage & lending engine based on @Boring_Crypto's Kashi.

Cross-chain transfers powered by @LayerZero_Labs were also tested.
docs.tapioca.xyz/tapioca/core-t…

Upon full release Singularity will allow users to borrow against yield-bearing assets and receive loans on different chains seamlessly like the image below:

And the cross-chain transfers allow you to be your own bridge🌉

Essentially you can transfer an asset cross-chain as easily as you transfer an asset to a different wallet.

This mechanism eliminates slippage, wait times & fees (except gas) that you are used to from bridges.

Phase 1 was tested on #avalanche fuji, #arbitrum Goerli & #fantom testnet.

@twMattt announced this will soon expand to #BNB testnet, #Optimism Goerli & #Ethereum Goerli soon.

You will need the testnet gas tokens to try out all the features across all supported chains.

Here are some links to faucets to provide these tokens to help use the beta in the future phases 🚰 💧

Avalanche Fuji: faucet.avax.network
Arbi Goerli: faucet.triangleplatform.com/arbitrum/goerli
Fantom testnet: faucet.fantom.network

More faucets 🚰 💧

BNB testnet: testnet.bnbchain.org/faucet-smart
ETH Goerli: faucet.triangleplatform.com/ethereum/goerli
OP Gorli: faucet.triangleplatform.com/optimism/goerli

So fren, you are probably thinking how can I benefit from the beta?

If you have one of the following roles on tapioca's @guildxyz:
- Pearler
- Sushi Fren
- Oyster
- Tapiocan
- OG pearl

You are eligible for a pearl club NFT if you provide feedback during the beta.

But sir I am new, I do not have any of the roles!

Fear not, by attending one of the upcoming Taptalks you can mint a @Galxe OAT which will grant you the cassava role.

This role allows you to mint NFTs and claim airdrop slots that were not claimed by the previously listed roles.

Why should I want a Pearl Club NFT?

@twMattt has likened them to @tapioca_dao's version of @GMX_IO blueberries.

Holding a PCN will get you:
- 250 $aoTAP with a 50% market discount
- $ETH generated from the yield buying and locking $TAP for $twTAP from royalties
- Tap Socks

Be sure to join the @tapioca_dao discord to listen in to the next Taptalk recapping the beta and hopefully some phase 2 info.

You can also find a tutorial there on how to set up @Galxe and be able to claim your OAT for the cassava role.

Hopefully, you found this useful as both a beta and non-beta testoooor! If so, I would appreciate a like follow, like and/or retweet.

And remember NFA.

Tagging some tapioca frens:
@tapioca_dao @twMattt @veJoshM @0xRektora @gcosmintech @JonCrabb @Mir0xtw @0xGrayMatter @ubenjammin2 @0xCosmomatrix @0xpunkgod @MementoMoME @crypto_condom @blocmatesdotcom @jediblocmates @noahseidman @DeFiMinty @Ceazor7 @dcfgod @SmallCapScience

*AMENDMENT - The Pealer role does not grant you Pearl club NFT eligibility