Introducing Secured Finance to Sepolia

Secured Finance Official
Secured Finance

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Secured Finance is excited to announce the transition for our staging environment from Goerli Testnet to Sepolia Testnet. This significant move is designed to reduce gas costs, making our platform more accessible and user-friendly and allowing a greater number of users to participate without being deterred by high gas fees.

The Journey So Far

Since our inception on March 23, Secured Finance has experienced remarkable growth with over 10,000 unique addresses and 26,000 orders on our platform. However, we recognized that the unlimited minting of test tokens and high gas fees on Goerli Testnet has been a barrier for some users to experience our platform fully. Viewing these challenges as opportunities, we have taken significant strides to improve and enhance our platform for a better user experience.

Transitioning to Sepolia Testnet

The transition to Sepolia Testnet represents a strategic shift aimed at reducing gas fees. With numerous protocols and new Layer 2 tests operating on Goerli, gas fees have escalated, posing a significant barrier for many users. By transitioning to Sepolia, we aim to mitigate these costs, thereby fostering greater participation. This shift also facilitates a reset as we operate within a different smart contract and testnet environment. This fresh start allows us to address and rectify previous bugs that impeded some users from fully leveraging our platform.

What’s New

In this transition, we’ve made significant enhancements to our Faucet Page. We’ve introduced a user-friendly feature that allows users to add test tokens to their MetaMask wallet with just a click of a button. To ensure a fair distribution and a more robust testing environment, we’ve limited the minting of our test tokens to one mint per test token per day. Users can mint 25,000 FIL, 100,000 USDC, and 4 WBTC daily.

Furthermore, we’ve carried out numerous bug fixes and UI design improvements, particularly on our landing page and prompts. These enhancements aim to provide a more intuitive and seamless user experience and improve our platform’s overall functionality. These changes will significantly improve the user journey, making it easier for both new and existing users to navigate and interact with our platform.

How to Navigate the New Environment

While most of the steps to navigate our platform remain the same, we’ve prepared a new guide on acquiring Sepolia ETH: Getting Test ETH from Sepolia Faucets.

Additionally, we would like to provide a recap of our Test Pilot V1 Training Program: Test Pilot V1 Training Program.

Looking Ahead

As we relentlessly pursue innovation and enhancement, we are actively exploring promising features such as a chatbot assistant for trade advisement and mobile accessibility for our platform. Our goal with these upgrades is to make Secured Finance even more user-friendly and readily accessible.

In addition, we’re delighted to announce our sponsorship and participation in the Oxford Blockchain Conference 2023. Don’t miss the opportunity to join us as we lend our industry insights to riveting dialogues on DeFi, Web3, and the evolving landscape of finance!

Conclusion

The transition to Sepolia Testnet marks a significant milestone in our journey. We’re excited about our improvements and the new features we’re planning. These changes will provide a better experience for our users and foster a more vibrant and inclusive DeFi community.

We want to express our gratitude to our community for their continued support. Your feedback has been invaluable in helping us improve and evolve. We encourage you to continue sharing your thoughts and suggestions as we move forward. Together, we can make Secured Finance a leading platform in the DeFi space.

Secured Finance Official Links
Website | Twitter | GitHub | Galxe | Link3 | Guild

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