- This event has passed.
May 31 @ 8:00 am - 5:00 pm
NFT Drop Details:
Flype’s protocol Team has been working for months to get ideas into a product and are thrilled to announce the public launch of Flype Testnet!
The testnet will enable the community members to preview this exciting protocol and help test it.
Flype’s Team also introduces an incentive program for Flype community testers, which will get an airdrop of the Multipass NFT.
Flype unlocks $200 Billion liquidity market!
Flype is a DEX protocol for swapping liquidity tokens in a single transaction. It turns $200B worth of LP tokens from a “digital receipt” into a tradable asset, creating an entirely new market.
How to participate in the Testnet?
Before testing the Flype LP token’s DEX, it is highly recommended reading a short introduction to better understand all its features.
Flype into a new liquidity position, with Flype you can provide liquidity into any major DEX protocol such as Uniswap or Sushiswap in a single swap.
To create a new liquidity position:
Go to Flype SWAP section
Swap your Rinkeby ETH for a UNI LP token.
You have just added liquidity to a Uniswap pool (even though it’s only a test, it will be that easy on Mainnet).
Flype between liquidity positions, move your funds from one liquidity pool to another in a single swap.
To change your liquidity position:
Go to Flype SWAP section
Swap your UNI – LP for one of the Sushi SLP tokens.
Add liquidity to Flype’s pools, your LP tokens from Uniswap or Sushiswap is Flype liquidity, it generates for you another layer of swapping fees on top of your existing earnings from Uniswap / Sushiswap….
How to add liquidity:
Go to Flype’s POOL section
Deposit your LP token + ETH (50/50 ratio) – You will get an FLYP-LP token in return.
Liquidity Mining is done by staking the FLYP- LP token which you got for the liquidity you have provided to a Flype pool.
How to liquidity mine your FLYP- LP toke:
Go to EARN section
Deposit your FLYP-LP to the relevant pool
Stake your earned $FLYP and get additional $FLYPE as staking rewards. As part of the liquidity mining you earn FLYPE tokens so you can stake them here.
How to stake:
Go to STAKE section
Stake your $FLYPE token
Report Bugs – While testing the DEX and interacting with it, you are encouraged to update the team about any technical or UI bugs that you may find.
Flype community members that participate and complete the testing process will be rewarded with the MULTI-PASS NFT Airdrop.
The MULTI-PASS NFT is your ticket to being a Flype DAO governor, you together with other members will be able to participate and propose new ideas, vote for existing and future implementations, and actively contribute to the growth of the Flype protocol.
The MULTI-PASS NFT holders will get exclusive access to participate in Flype private token launch, before its public launch.
For more information about Flype’s MULTIPASS NFT click here
NFT Drop URL