This week we’re excited to share with you some important developments surrounding the Paribus Minimum Viable Product (MVP). As we explained last week the current market conditions have given us the opportunity to test our MVP prior to its full public launch.
We had hoped to be able to whitelist wallet addresses from our staking program as a means of accessing the testnet version of the MVP, but this has proved to be impractical from a code level. Instead, we’re asking anyone who participated or is still participating in the staking program to complete the following form to gain testnet access https://docs.google.com/forms/d/1qMxteTEaCaMgt1BDUrynsu8Scb3i-KGk0DanzHoeRxA/viewform?edit_requested=true
In addition to allowing stakers access to the testnet we’re also allowing anyone who applied to the Paribus Ambassador Program to take part. We’ve been inundated with applications for the program so it’s taking some time to work through them. As such we’ve decided to include access to anyone who has genuine interest in our project and has applied to be a Paribus Ambassador.
Once the MVP is ready on the testnet participants will need to connect their email address with the protocol via the website. The whitelisted email addresses will then be able to access the MVP and will be greeted with the dashboard screen.
While using this version of the platform, testnet tokens will be distributed for testing the MVP. These testnet tokens work in exactly the same way as normal tokens would, however, they’re only usable within the testnet environment. You don’t have to pay or exchange regular tokens for testnet tokens, they’re simply dummy versions of cryptocurrencies, with no intrinsic monetary value.
Simon, our CTO explains the rationale behind using a testnet to trial the MVP, “The main goal of this initial testnet is to get a deeper understanding of how our UI is received by our community. We will be interested in how intuitive the platform navigation feels to the participants. Listening to community feedback will help us iterate in the most efficient way possible.”
It’s our hope that many members of the Paribus community will be able to engage with the testnet trial and then share their feedback through our Telegram channel. For any detailed or extensive feedback, it’s probably best to send us an email: hello@paribus.io
The one silver lining of the bear market and fallout from Luna’s collapse is that it’s given us some space for everyone to get a better feel for how the MVP will work. For the members of our community that wouldn’t ordinarily take out a crypto loan, the testnet gives them a unique chance to go through the process and gain a better understanding of the platform.
Being able to run through all aspects of borrowing and lending crypto on the testnet will create a diverse range of user experiences that many would otherwise be unable to experience. As such we feel our community will gain a deeper insight into the MVP and where we’re heading with future iterations.
The other exciting piece of news we’re able to share is that we have published the result of our security audit today. Hacken has done a wonderful job in testing our code and due to the incredible talents of our dev team we’ve only had some small changes to make.
As Deniz, our CEO explains, “The initial audit report that we received showed a few items that needed our attention. This is exactly why we spent the time and resources on these security measures. All relevant recommendations have been resolved, and the second review from Hacken verified that our code is very secure. Our community can rest easy knowing that we are fully committed to the utmost diligence when securing the safety of our protocol.”
While we can’t do anything to change the macroeconomic picture or bear market, we continue to build for the future and we’re delighted to be able to share both the Hacken report and our testnet with our outstanding community. We look forward to your feedback and ongoing support in making Paribus a key player in the future of DeFi.
