Exploring a New Era of Synthetic Assets: A Testing Opportunity for an Innovative Derivation Project

The development potential of the derivation sector in the cryptocurrency field should not be underestimated. Throughout the history of the cryptocurrency market, each cycle of bull and bear markets has been accompanied by the rise and fall of specific sector projects. Derivation projects are likely to emerge in the current bull market, just like a certain well-known derivation platform that has already taken shape.

Project Overview

This is an innovative derivation protocol based on Arbitrum and zkSync, utilizing a global debt pool model. It offers a derivative trading market with unlimited liquidity, allowing ordinary users to easily create various synthetic assets, including cryptocurrencies, stocks, precious metals, and foreign exchange, without any programming knowledge. Users can profit from the price fluctuations of these synthetic assets while earning rewards by participating in DAO governance.

The project is currently in the early testing phase, and participants can receive rewards for testing. Test users will receive Gatcha tokens, which can be used to obtain blind boxes. The NFTs drawn will be eligible for an airdrop of the project token $JUNT according to the regulations.

Participate in testing

To participate in the Alpha test, you must first obtain testing qualifications:

1. Join the project's Discord community
2. Apply for OG role
3. After completing the specified tasks, the project team will grant the OG role within 24 hours.
4. After obtaining the OG role, submit your wallet address in the designated Discord channel.

Note: It is recommended to use a non-mainstream small wallet to participate in the test.

Testing Process

1. Add Arbitrum Goerli test network to MetaMask
2. Obtain test tokens from the official faucet and cross-chain to the Arbitrum Goerli testnet.
3. Connect wallet to log in to the testnet

main testing steps

1. Claim test USDC Claim up to 10,000 test USDC as collateral on the Dashboard page.

2. Staking USDC Pledge USDC to borrow JUSD (the stablecoin issued by the project). For each 1 USDC pledged, you can borrow 1 JUSD.

3. Trading synthetic asset
   • Transfer JUSD to the specified debt pool
   • Buy synthetic asset on the Market page
   • The price of synthetic assets is determined by Chainlink oracles, and trading does not affect the price.

4. Observe Profit and Loss The price fluctuations of synthetic assets in the debt pool will affect the total debt and individual debt, resulting in profits and losses. Note: If the realized profit and loss percentage is ≤95%, it will trigger a forced liquidation.

Reward Mechanism

• Daily participation in tests can earn Gacha tokens
• Gacha tokens can be exchanged for Jungle Squad NFT blind boxes.
• The "Simulated Trading Competition" is coming soon, stay tuned.

How to obtain Gacha tokens:

• During the Alpha testing period, complete 5 transactions daily to earn 1.
• Get 1 for every 10 people invited to join Discord
• Select 10 high-quality content creators for rewards each week.

By actively participating in testing and community activities, users have the opportunity to earn more rewards and future token airdrops. This innovative derivation project offers cryptocurrency enthusiasts a unique opportunity to explore new financial instruments while preparing for potential future airdrops.