Airdrop/Whitelist Complete Guide — Mobius Finance (Polygon)
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Mobius Finance is a trading platform on Polygon that allows users to create and trade synthetic assets like stocks and precious metal. They have recently launched their token $MOT.
They are now hosting a Stress Test Competition on the Matic testnet from Oct 1 till their mainnet launch(expected to be around Oct 25). The total rewards allocated are 1,000,000 $MOT (~$200k).
Detailed Rules:
Specific rules will be announced before the rewards are issued. To determine testing rewards and distribution, they will focus on the following three types of events:
(1) Mint & Burn (quantity and frequency of minting and burning moUSD — the platform settlement token)
(2) Trade (trading volume of various synthetic assets and the impact of different assets on the overall global debt)
(3) Number of users (active users on the protocol)
As we do not know the specific requirement for the rewards, we will focus on event (1) Mint & Burn and event (2) Trade.
Getting started:
Head to https://chainlist.org/ and add the Matic testnet to your wallet if you haven’t already.
Then go to https://beta.mobius.finance/#/home/faucet. Connect your wallet and switch network to Matic Testnet.
First get some testnet $MATIC from the MATIC Faucet. Then get the test tokens from Mobius Finance. (If you can’t get the test tokens, join their discord and fill in the form.)
Step 1:
We first mint some moUSD.
Go to “Mint & Burn” and choose the collateral you would like to stake ($DAI in the image). Enter the amount of asset to be collateralized. Then choose your collateral ratio and mint.
Step 2:
We proceed to trade some synthetic assets.
Go to “Trade” . Enter the amount of moUSD you would like to swap. Then choose the synthetic asset (moTSLA in the image) you would like to trade the moUSD for. Confirm and swap.
Step 3:
We short some synethic assets.
Go to “Shorting”. Select the asset (moXAU in the image) you would like to short-sell. Choose your collateral and its amount. Confirm the collateral ratio and “Short Asset”.
Step 4:
We burn some moUSD.
Go to “Mint & Burn”. Then choose “Burn” and input the amount to burn. Confirm and burn.
Step 5:
We claim some testnet $MOT rewards.
Go to “Earn” and “Claim All”.
Step 6:
That’s all. If you have any comments or feedback for the project, you can fill out this form.
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