Danogo Flexible Pool Incentivized Testnet
We are thrilled to announce the launch of the Danogo Flexible Pool Lending Testnet, which completes our end-to-end lending and borrowing suite by offering both fixed-rate and flexible-rate options for users. Float-rate lending, also known as variable-interest-rate lending, is a dynamic model where rates fluctuate in real-time based on supply and demand within the pool, unlike fixed-rate lending, where interest rates remain constant regardless of market conditions.
We invite all users to participate in this critical testing phase: explore core float-rate functionalities, stress-test liquidations, and help us refine the Danogo protocol with your feedback. By joining the testnet, you’ll play a vital role in identifying improvements and earn rewards for your contributions.
Danogo Testnet Timeline
The Danogo Testnet will follow these key milestones:
Address Registration Registration opens on June 2nd, 2025, at 00:00 UTC via the Registration Form
If you already joined the Danogo Fixed Rate Lending Testnet? No need to register again
Main Task Completion Testnet tasks can be completed starting June 09th, 2025, at 12:00 UTC and concluding on June 16th, 2025, at 23:59 UTC. This phase involves exploring Danogo’s features and testing its functionality while contributing to the platform’s refinement.
What can you earn?
We are excited to announce that the total prize pool for the Danogo Flexible Pool Lending Testnet is 150,000 $DANO, which will be distributed among participants based on their points.
How to Participate
Already joined the Danogo Fixed Rate Lending Testnet? No need to register again — you're all set for this campaign! For new participants, follow these simple steps:
Join the Testnet
Register via This Form.
Connect to this Website: https://preview.danogo.io
We recommend using Eternl or Lace wallets for optimal performance.
Claim Test Tokens
Tokens you will receive: 500 tADA, 300 tDjed, 300 tiUSD, 200.000 tSnek
Ensure you use the same wallet registered during sign-up.
Faucet Limit: 1 claim per wallet per day.
Use this Link to receive test tokens.
Complete Testing Tasks
Perform testing tasks described in the testing instructions to earn your points.
Provide Feedback
Report any bugs or suggest improvements through the Feedback Form.
🎁 Valid reports or suggestions may earn you bonus rewards!
Detailed Testing Instructions
Connect your wallet before performing any of the actions below:
Supply Asset & Earn Interest
Withdraw Asset
Create Floating Interest Rate Loans
Modify Loans
Repay Loans
Each successful transaction performing one of the actions above will count as 1 point, with a maximum of 10 points per action.
🎯 The more points you earn, the bigger your rewards!
1️⃣ Supply Assets & Earn Interest (Max 10 points)
Deposit assets into the Danogo Float pool and receive dTokens.
Requirement: Complete your supply transactions with at least two different asset types.
How to supply assets: https://docs.danogo.io/how-to-use/guides/flexible-pool-lending/how-to-supply-assets
2️⃣ Withdraw Assets (Max 10 points)
Suppliers can withdraw assets by returning dTokens, receiving both principal and interest.
Requirement:
Partial Withdrawal: Withdraw a portion of supplied assets.
Full Withdraw: Withdraw all supplied assets in a single transaction.
How to Withdraw Assets: https://docs.danogo.io/how-to-use/guides/flexible-pool-lending/how-to-withdraw-assets
3️⃣ Create Float Interest Rate Loans (Max 10 points)
Borrowers must provide sufficient collateral (Tokens or dTokens).
Requirement:
One transaction without supplied tokens as collateral.
One transaction with supplied tokens as collateral.
How to Borrow: https://docs.danogo.io/how-to-use/guides/flexible-pool-lending/how-to-create-floating-interest-rate-loans
4️⃣ Modify Loans (Max 10 points)
Adjust collateral and loan amounts as needed.
Requirement:
One transaction that increases collateral and the borrowed amount.
One transaction that decreases collateral and the borrowed amount.
How to Modify a Loan: https://docs.danogo.io/how-to-use/guides/flexible-pool-lending/how-to-modify-loans
5️⃣ Repay Loans (Max 10 points)
Fully repay a loan by reducing the borrowed amount to 0.
How to Repay a Loan: https://docs.danogo.io/how-to-use/guides/flexible-pool-lending/how-to-repay-loan
Join the Community
Stay updated and connect with the Danogo community:
🌐 Website: [Link]
💬 Discord: [Link]
💬 Telegram: [Link]
📢 Twitter: [Link]
Be Part of the Future of DeFi!
This is your opportunity to shape the Danogo ecosystem. Your participation will help refine our protocol, ensuring a secure, stable, and efficient DeFi experience for all users. Join the Testnet today and make an impact!
🚀 Start Testing Now! 🚀
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