Comdex Testnets: What You Need to Know
To deliver a blockchain that would be safe for users, and devoid of bugs and errors, the need arises for the blockchain to go through a series of tests - that’s why we have the “Testnet.”
Testnet is short for "Testing Network."
Testnet has been defined to be an alternative blockchain used for conducting experiments without using actual currency.
Developers use testnets to check the integrity of the network, to enable them make changes and fix bugs.
Users are sometimes invited to test the network, and report bugs.
If changes are made directly in the mainnet without first using a testnet, issues may arise that could affect millions of users, and their assets. Therefore, the need for testnets.
Once the new features have been fully tested and are deemed successful, they are implemented into the actual blockchain or mainnet.
A number of times, users are rewarded for testing the network (bug bounty programs).
Here are some familiar testnets: Ethereum, Binance Smart Chain, Solana, Rinkeby, Ropsten, Optimism, etc.
Testnets can be deployed for some reasons, like:
- Testing applications against new versions of the blockchain software.
- Developing applications without the risk of losing real funds.
- Analyzing blockchain data on a smaller scale compared to the public network.
- Providing early access to a blockchain before the official release.
Testnets make use of coins which are different from the mainnet coins. The testnet coins do not have value in the real world, and can be gotten through faucets.
Comdex, the DeFi Infrastructure Layer for the Cosmos ecosystem, has announced that the testnets of three of its products are ready. The products are CSwap, Harbor, and Commodo.
The testnets have been open for about a month for users to tests, and community members are encouraged to try them out.
Let’s take a look at these products, and how their testnets work.
This is the order book style interchain DEX on Comdex.
As documented in the cSwap Walk-through, cSwap is an IBC-enabled hybrid dex built on the Comdex chain. cSwap uses AMM liquidity pools which bring cross-chain markets and limit orders to DeFi. Through this mechanism, cSwap has been designed as a go-to platform for traders and arbitrageurs, enabling them to implement sophisticated trading strategies.
In the cSwap testnet, you can trade/swap tokens (faucet tokens which are not real tokens and have no real world value), you can submit and cancel a limit order, you can add liquidity, and many more. Here’s the link to the cSwap testnet.
The processes are easy, and starts with setting up and connecting your Keplr wallet. You can install the Keplr wallet extension using this link.
With your wallet set up and connected, you can request faucets of $CMDX, $ATOM, and $OSMO directly from the "request-faucet" channel of Comdex discord server. To request the faucets (free tokens), type this command: “$testnet <your wallet address>"
On arrival of the faucets in your wallet, you’re ready to interact with the network.
Further steps to swap, submit or cancel limit order, etc, can be found in the CSwap walkthrough provided.
The cSwap Telegram community is your go-to location for help, feedback/queries, etc. Join here.
If you have ever heard of the decentralized and overcollateralized cosmos-based Composite $CMST stablecoin, then Harbor is most likely not alien to you.
The Harbor platform will be the minting platform for the stablecoin. The platform is where you can deposit your assets (IBC assets) and mint the stablecoin.
Harbor will ensure the integrity and stability of the stablecoin. Its governance token is $HARBOR.
Harbor Protocol’s testnet is now live, and users can mint the stablecoin to get a feel of how the mainnet will work.
Harbor has provided a walk-through blog to guide users of the testnet.
You can visit the testnet here, and find the walk-through blog here.
You can also reach out to Harbor on Telegram to report issues, and give feedback.
Commodo is an important product of Comdex. It is the lending and borrowing platform of the ecosystem.
Commodo has been designed to enable users lend assets to the protocol, allowing them to earn interest from those that borrow from the protocol, and to borrow whitelisted assets by keeping their lent assets as collateral, subject to dynamic interest rates, which is determined by asset use. It will use the lending features of the Comdex-1 chain.
The Commodo testnet is live and can be accessed using this link.
A walkthrough blog was also put up to guide users of the testnet, so they could have a seamless experience.
They have been posts by the community and by Commodo, giving an idea that there will be bug bounty programs and other incentivized programs. One of such posts can be found here.
Community members are encouraged to take advantage of this, to try out the testnets, in preparation for further announcements regarding the incentivized programs and mainnet.
You can reach out to Commodo on Telegram using this link.
Comdex develops possible solutions for the decentralization of finance (DeFi) and the democratization of commodities by handing investors the knowledge of a widened scope of asset classes with rewarding features.