Increment Beta v2 Launches on zkSync 2.0 Testnet
Back in May, the Increment community and its core contributors released a closed early Beta v1 where over 1800 participants tested the protocol and gave valuable feedback. We’ve made optimizations based on the feedback received and added additional features to the smart contract code that is currently undergoing a security audit with Trail of Bits.
Today, we are delighted to announce the release of Increment Beta v2 on zkSync 2.0 testnet! This is a close-to-mainnet version of our app and we can’t wait for you to try it out. If you haven’t yet, join our Discord to claim your tester role and start testing now 🎉
Update: This event has ended.
The Increment app is currently live on https://testnet.increment.finance/
To connect Metamask to zkSync, add the zkSync alpha testnet network to the wallet, see the official guide here: https://v2-docs.zksync.io/dev/testnet/metamask.html
To receive test tokens, see our guide here.
You can interact with the protocol in 3 main ways:
- Deposit and withdraw funds from the protocol, see guide.
- Traders can long or short global exchange rates and crypto markets (EUR/USD, ETH/USD, etc) with leverage, see guide.
- Add and remove liquidity in exchange for fees, see guide.
If you have any questions, don’t hesitate to ask in our Discord server, our community will be there to help.
What is Increment?
The Increment protocol utilizes pooled virtual assets for liquidity and Curve V2’s CryptoSwap AMM (Automated Market Maker) as the trading engine to enable on-chain perpetual swaps. Increment’s system implementation proposes an alternative method to the construction of current on-chain derivative protocols and establishes a complete infrastructure for decentralized, algorithmic perpetual swaps.
What is zkSync 2.0?
zkSync 2.0 is an EVM compatible ZK Rollup being built by Matter Labs. The zkEVM is a virtual machine that executes smart contracts through the use of zero knowledge proofs. With less than 50 days until the release of zkSync 2.0 mainnet, we are excited for our community to experience first-hand the unmatched scaling, security, and UX benefits of zero knowledge proofs.
Disclaimer: All tokens used in this beta are test tokens and have no value.
Originally published at https://increment.substack.com on September 12, 2022.
