Punk Protocol
Published in

Punk Protocol

Update Report — ETH added on Kovan Testnet

ETH added on Kovan Testnet

Good day. This is 0xJudy leading Punk’s product.
I have an important update for you!

To make sure users have a wonderful experience in PUNK

Users often find DeFi services difficult.

Our ultimate goal is to develop a service that users effortlessly achieve financial freedom by using our product.

In order to do so and provide mad contentment, the product team focuses on developing with a mindset of constant evolution.

We welcome feedbacks via #🐛︲i-found-a-bug channel on Punk’s discord. We will continue to improve and to pave a better path to reach further. With the voices from experiences accumulated, we can build a finer Punk community.

As the news from the world shows, we launched testnet and updated the server. Here’s what we updated:

Addition of ETH on Kovan Testnet

Go to Radar Page

Within 2 days after the Testnet Launch on Kovan network, we have faced an astonishing phenomenon where DAI and USDT tokens are dried out in the Uniswap pools. Isn’t it amazing?

We have added ETH for future Punkers to enjoy more. You can join Saver with less steps.

Easy numbers

You will soon witness some tremendous amount of total value locked and the total bonus in PUNK. An epic number is shown already on testnet.

We are counting Million, Billion, Trillion and Quadrillion, with the future considered.

Introduction on major media

Punk Protocol Announces Its Testnet Launching on Kovan Network

The first event to officially hear about PUNK worldwide.

You can meet-might have encountered already-exciting news released on several major media outlets: Bloomberg, BusinessInsider, Yahoo Finance and so many more.

This means a great deal since it would be the beginning of a long, strong journey for PUNK.

Constantly evolving result on testnet

The number of signups for Saver on our Punk testnet has reached 2,313 and the number of total transactions reached 4,677. Those are big numbers! We sincerely appreciate your active participation.

FYI, according to DeFi Llama, TVL in DeFi market is $111.82B (USD) while total value of $61.97B is locked in Punk’s testnet as of June 11, 2021.

More than half the amount of TVL in DeFi market is with Punk!
It’s only the test network for now, but similar numbers on the main network would be incredible!

Small but significant notes

  • We brought the 2nd round of airdrop to an end. Thank you for your enthusiastic participation.
  • We upgraded our channels on Discord/Telegram — activated automatic answering function. No more spamming.
  • We made an improvement in showing Balance.
  • As always, Punky user experience matters.

What’s upcoming in the near future?

1. Various strategies on building yield
We are happy to announce that we joined Gitcoin Hackathon Round 10 to provide a variety of investment methods. We will continue to update our investment models. If you have a great idea, or multiple ideas for Punkers, you are welcome to join Gitcoin Hackathon or propose via Punk community(Open anytime).

2. BTC strategy
El Salvador declared a revolutionary news that they had made bitcoin legal tender. We stand with El Salvador and Jack Mallers. We will be adding BTC-based strategy in the annuity.

3. Mobile version
We are working very hard on the development of Punk’s mobile version for you to experience PUNK anywhere, anytime.

Please expect more. This is just the beginning.

👉 Discord #🐛︲i-found-a-bug
👉 Medium, Twitter, Telegram, Discord




⚡️ DeFi 401k for Financial Freedom ⚡️

Recommended from Medium


OpenSea Users Look To Infinity & Beyond

Maxing out with LMAX Digital

The Equality Trading Between Users And Projects On Arc Finance

YAY Games x TruePnl AMA Session

Cardano Remains Strong Above $1 Amid Crash, ADA Price to Rebound Hard Soon!

Exohood launches its own Merch Store!

Crypto Flipsider News — Shiba Inu Announces Its Metaverse, Dogecoin Founder Fires Criticism; U.K.

Crypto Flipsider News – Shiba Inu Announces Its Metaverse, Dogecoin Founder Fires Criticism; U.K. Extends Crypto Registration; Cardano Whales on Buying Spree; Polygon Launches Web 3.0 ID to Keep Users Safe; BNB Eyes $520, Binance Launches Bridge 2.0

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


Contributor @PunkProtocol

More from Medium

Monthly updates & upcoming events in February, 2022

How To Participate Joint Liquidity Mining Pool of YIN/WETH on Polygon

Exclusive Rewards for BoringDAO Lovers — Giving away 100 whitelists spots for the MetaFriends NFT…

User Guide: Import FILFOX Wallet to FoxWallet