Thread by @JoaoZorro

👉 GammaSwap is the first oracle-free volatility DEX on Arbitrum to apply gamma strategies.

✅ Their testnet was officially launched in December, and 1,000 random beta testers will earn a POAP NFT (potential airdrop?)

Here's a🧵with the @GammaSwapLabs testnet guide. 👇

@GammaSwapLabs What is GammaSwap?

@bizyugo made an excellent thread explaining what GammaSwap is.

https://twitter.com/bizyugo/status/1618186964720832513

@GammaSwapLabs @bizyugo Here are the steps you need to follow to test GammaSwap:

1/ First you will need Ethereum Testnet tokens.

👉 Join GammaSwap discord group: discord.com/invite/hU9RVKR… and post your wallet in the #testooors channel.

⚠️ It may take up to 60 minutes to receive the test ETH.

@GammaSwapLabs @bizyugo 2/ Add the GammaSwap Testnet

👉 To add the testnet network:

1️⃣ Expand Metamask
2️⃣ Go to settings
3️⃣ Click on 'Networks'
4️⃣ Click on 'Add a Network'
5️⃣ Click on 'Add a network manually'
6️⃣ Enter the network details

@GammaSwapLabs @bizyugo 👉 Here's the data you need to enter:

1️⃣ Network Name: GammaSwap Testnet
2️⃣ RPC URL: …3b9-d18cd311b15a.ethereum.nameless.io
3️⃣ Chain ID: 786466
4️⃣ Currency symbol: ETH

Press Save and now change the network in Metamask to "GammaSwap Testnet"!

@GammaSwapLabs @bizyugo 3/ Start testing

👉 Go to GammaSwap app 👇 app.gammaswap.com

@GammaSwapLabs @bizyugo 4/ Get other testnet tokens

👉 Now you need to get more test tokens:

1️⃣ Connect your wallet
2️⃣ Click the wallet button
3️⃣ Click the request button
4️⃣ Then simply request all the test tokens.

@GammaSwapLabs @bizyugo ⚠️ Warning: there will be a delay of thirty minutes on the faucet for each token between requests. You will need Testnet Ether to request other tokens from the faucet.

@GammaSwapLabs @bizyugo 5/ Provide liquidity

👉 Go to markets, click on a market, and provide liquidity.

✅ Repeat it for a few markets.

@GammaSwapLabs @bizyugo 6/ Borrow liquidity

👉 Go to markets, click on a market, and borrow liquidity

✅ Repeat it for a few markets.

@GammaSwapLabs @bizyugo 7/ Repeat the process

👉 Come back regularly (daily, twice a week, weekly, whatever you're comfortable with) and repeat steps 4 and 5.

👉 Vaults are coming soon. Come back to test them as well.

@GammaSwapLabs @bizyugo ⚠️ As mentioned, no token airdrop has been mentioned or confirmed. For now, 1,000 random testnet users will receive a POAP NFT. There's no indication of the utility of this POAP so far.

📜 Note: POAP is an acronym for "Proof of Attendance Protocol"

@GammaSwapLabs @bizyugo 👉 Find this tweet useful? Like, comment, and share it!

✅ Follow me @JoaoZorro