Testnet Beta Tasks

3 categories of tasks can be performed by Testnet Beta participants:

1. Swaps

You can complete swaps between several pools. In the testnet alpha, we provide 8 assets. Since Nabla pools are single-sided, you can trade any combination of assets.

• Swap Task 1: Do at least one swap between assets ( 100 $AMBER points)

2. Liquidity Provisioning

An AMM without LPs is unimaginable. Please provide liquidity in:

1. Swap Pools: Nabla offers low-risk LPing thanks to its novel pool architecture. Provide liquidity to the pools using your test tokens.

   • LP Task: Add liquidity to at least one swap pool ( 100 $AMBER points)

2. Backstop Pool (BSP): The swap pool market-making risks (inventory risk and other risks) are confined to the backstop pool.

   • BSP LP Task: Provide liquidity to BSP to secure the liquidity of the protocol. ( 200 $AMBER points)

3. Liquidity Withdrawal

As an LP you can withdraw liquidity anytime, and Nabla offers several options to withdraw liquidity

1. Withdraw your asset from the swap pool: LPs can provide liquidity and withdraw liquidity as in any AMM. You'll get your share of the pool assets depending on the pool coverage.

   • Task: Withdraw liquidity from a swap pool ( 100 $AMBER points)

2. Withdraw assets from the backstop pool: Nabla's innovation allows both BSP LPs and swap pool LPs to withdraw tokens from BSP.

   1. BSP pool LPs can withdraw their assets from the BSP. This is the default option.

      • Task: Withdraw liquidity from the BSP. ( 150 $AMBER points)

   2. Swap pool LPs can withdraw from the BSP: If a swap pool is not 100% full the LP has the option to withdraw liquidity from the backstop pool in the BSP asset (currently USDC)

      • Task: Redeem the swap pool’s LP shares via the Backstop pool(BSP). ( 200 $AMBER points)

   3. BSP LPs can withdraw assets from any swap pool if that pool has more assets compared to its liabilities (Coverage ratio >100%)

      • Task: Withdraw Backstop Pool Liquidity via Excess Swap Pool ( 150 $AMBER points)

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