Divergence V1 Testnet is Here

Hello, Divers,

We’re excited to announce that our long-awaited beta on Kovan is open for public testing! Our team has been working hard for months on delivering the first version of Divergence. What we have for you is a decentralized, permissionless platform, where you can trade and hedge DeFi-native volatility in a simple way.

What Could You Do on Our Testnet?

Our Kovan beta is a trial run of our mainnet version, offering a testing ground for you to get familiar with:

• Buying & Selling Options🔄:

Buying and selling options on Divergence is as simple as swapping tokens on Uniswap. You can buy Spear and Shield tokens representing binary calls and puts that let you bet on a single strike or a price range. You can sell your positions prior to expiry, or wait for settlement to claim your winning reward.

• Creating Markets🔥:

We will initially support BTC-USD, ETH-USD as underlyings for options on this testnet. Additional underlying pairs will be added as you demand. Our options pools are designed to accept any fungible ERC-20 tokens as collateral. At this time, for simplicity’s sake, we offer test coins in DAI for you to create markets with.

• Adding & Withdrawing Liquidity💧:

You can also fund an existing pool to provide liquidity and collect a share of trading fees and option premiums. As an LP, each collateral you provide will automatically mint and sell Spear and a Shield. Some pools will likely see more active trading than others, and that means more fees and option premiums.

• Dashboard📊:

The dashboard is where you can review your option holdings and liquidity positions. You can manage your positions here, all in one tab.

• Analytics📈📉:

Analytics is an information hub for stats about our platform and pools. You can perform an analysis of our different pools here before making a decision about trading or providing liquidity to them.

Getting Started

1）Claim Your Test DAI:

Go to our Kovan Testnet Faucet and follow the instructions. We will distribute some Ether and 10,000 DAI to each tester.

Note: For each Twitter account, Discord account and Ethereum address, test DAI can only be requested once. Our testnet faucet will reject duplicate requests.

2) Go to Our Testnet Website:

Visit https://beta.divergence-protocol.com/, connect your Metamask wallet, and switch over to the Kovan testnet.

3) Read our Tutorial:

Go through the tutorial videos and the terminologies in our public documentation: https://docs.divergence-protocol.com/tutorial

4) Start Trading:

We welcome everyone to join our Discord for discussions. For supports and inquiries, please go to our #testnet channel for submission.

Remember: You’ll have to verify through the “Server Captcha Bot” before you can see relevant channels. A message from the bot will be sent after you join our discord, follow the steps and you’ll be all set.

Make Yourself Heard

At any time when you interact with our app, kindly give us a shout about what we can do to improve your experience! Or head over to the #bug-reports section of our discord and tell us:

1) How we can improve our design

2) What do you like and dislike about the way you interact with the product

3) How we can improve your trading & liquidity provision experience

4) Bugs that you encounter during testing

We will pick FIVE best constructive feedbacks and reward each with 500 USDC. And for those who submit bug reports to us, we will also give out rewards based on the severity of the reported bug:

Note: You are eligible to receive a reward for being the first one to report a bug. Bug reports need to supply sufficient information, including the conditions on which the bug can be reproduced. The divergence team reserves the right to determine the qualification of rewards.

What Comes Next?

We will continue to improve our Testnet before mainnet launch, so you get to experience our app in a way that is closer to the formal version. We will host a trading competition on this beta testnet, so you can flex your trading muscles! Top performers will be rewarded.

Details will be released in a week or two.

At the same time, we’ll have our code audited and run a bug bounty program with an external partner to prepare for our mainnet product launch on Ethereum. And we will answer the long-awaited question: “Wen token”!

About Divergence

Divergence is a decentralized platform for volatility hedging and trading with a focus on blockchain native asset prices, value of LP tokens, interest rates, DeFi farming and staking rewards.

Follow us

🔔Website: https://www.divergence-protocol.com/

💬Telegram: https://t.me/divergenceprotocol

🚀Twitter: https://twitter.com/divergencedefi

📢Telegram Announcement: https://t.me/divergenceannouncement