Kava Swap Testnet
By: Adam Turman
Tags: Announcements, Bitcoin, Cryptocurrency, Cosmos, Defi

Kava Swap Testnet

The finishing touches are being put on Kava Swap — a cross-chain Autonomous Market Making (AMM) Protocol that leverages Kava’s DeFi infrastructure, cross-chain bridges, and security, allowing users to safely access crypto’s largest products and services in one safe and seamless integration.

Before Kava Swap launches on mainnet on August 30th, the Kava community needs to test Kava Swap and earn up to $130,000 in the incentivized Kava Swap Testnet competition!

Table of Contents

How to Participate

Payouts

Competition Period

Important URLs

Registration Details

Competition Details

Tips to Win

Kava Swap Testnet — Win Up to $130K

Kava Swap Testnet Details

How to Participate

1️⃣ Navigate to kava.io/swap and complete the registration form.

2️⃣ Connect your TrustWallet to the testnet app and begin trading!

Payouts 🏆

Users can only win one prize:

Tier 1 — top 1% of participants are entered in random drawing for one of five 10,000 USD prizes

Tier 2 — top 5% of participants get entered in random drawing for one of twenty 2,500 USD prizes

Payouts will be priced 14 days (12:00 UTC) after successful Kava Swap mainnet launch and distributed the following business day.

Bonus 💰💰💰

Up to 3 additional $10,000 prize pools will be awarded to the next 100 top-performing users for each additional 5,000 participants beyond 30,000.

🥉 30,000 Registrants: $110,000 total, 125 winners

🥈 35,000 Registrants: $120,000 total, 225 winners

🥇 40,000 Registrants: $130,000 total, 325 winners

Competition Period

July 28th @ 17:00PST (July 29th @ 00:00 UTC) — August 4th @ 17:00PST (August 5th @ 00:00 UTC)

Important URLs

Testnet Webapp: http://app.swap-testnet.kava.io/ (coming soon)

Registration Details

Users will need to provide a unique email address and Twitter username.

Competition Details

Winners will be based on a combination of tradings profits and liquidity provider (LP) rewards. Kava Labs will randomly update Reward APYs for liquidity pools and move internal pool prices by placing significant swap orders throughout competition to mimic a variety of market conditions.

Users will receive a score for trading profits, the final market USD price of their asset balance (not including $SWP rewards).

the final market USD price of their asset balance (not including $SWP rewards). Users will receive a score for LP rewards, their final claimed $SWP token balance.

their final claimed $SWP token balance. These two scores will be added to create final scores and rankings.

Faucet will supply one-time initial amount of assets for users to obtain and use in the Kava Swap exchange and liquidity pool competition. All users will start with equal amount (exact amounts TBD).

$SWP token claims will be distributed to users who provide liquidity to different markets.

Any wallet that is supported on mainnet can be used for testnet.

Any protocol modules are permitted for use during the competition.

Remember to claim any earned $SWP rewards before the end of the contest. A snapshot of claimed rewards will be taken at the end of the contest and unclaimed rewards can not be applied after that time.

Tips to WIN:

1️⃣ Adjust your asset allocation to markets to maximize $SWP claim based on adjusted $SWP rewards (from governance).

2️⃣ Monitor market prices and Kava Swap pool prices. Act fast to take advantage of arbitrage opportunities and exchange tokens at a discount.

3️⃣ Manage your positions carefully, choosing between providing liquidity, swapping tokens, or borrowing tokens using Kava & Hard protocols.

Any questions? Hop into Kava SWAP Telegram group and get them answered! https://t.me/KavaSwap