TapiocaDAO Nears Mainnet Launch: Testnet Revealed, Potential Airdrop Opportunities Await
TapiocaDAO is edging closer to its mainnet launch, unveiling the much-anticipated Testnet. The project has successfully secured a total of $6 million in funding from a diverse group of investors, propelling its progress towards creating an omni-chain currency market on 17+ EVM and non-EVM networks.
One of the most exciting developments for early users on the Testnet is the opportunity to receive an airdrop when TapiocaDAO officially launches its native token named TAP. As part of the tokenomics, the project has allocated 2.5% of the total token supply for this airdrop, rewarding those who actively participate in testing and contributing to the platform's development.
To be part of this thrilling journey, interested users can follow a simple Step-by-Step Guide:
1. Begin by visiting the TapiocaDAO testnet page.
2. Connect your wallet and change the network to the available networks, such as Arbitrum Goerli and Polygon Mumbai.
3. Ensure that you acquire testnet tokens from the respective networks to proceed with the testing process.
4. Mint Tapioca test tokens directly from the testnet page.
5. Head to the "Mint" section and select the collateral of the network you are testing on.
6. Deposit the token and proceed to mint USDO, the platform's native stablecoin.
7. Participate in the lending aspect by heading to "Lend" and providing liquidity by lending some USDO.
8. Explore the borrowing options in the "Borrow" section, where you can borrow various tokens for your use.
9. Go to “Teleport” and transfer assets from one chain to another.
At its core, TapiocaDAO stands as a LayerZero technology-based protocol, focused on establishing a cross-chain and omni-chain money market. The project's primary goal is to streamline the borrowing and lending of assets across multiple chains, facilitating a seamless DeFi experience for users.
One of the key elements that set TapiocaDAO apart is its utilization of the LayerZero generalized messaging network, which acts as the backbone of its omni-chain infrastructure. This innovative approach allows for unparalleled interoperability and integration with numerous networks, eliminating the need for intermediaries that can be prone to vulnerabilities.
Consequently, TapiocaDAO offers users previously inaccessible levels of capital efficiency through liquidity defragmentation.
The protocol is governed by the vote-escrowed veTAP token, which empowers holders to actively participate in the governance process and receive a share of fee revenues.
