SkyBridge Testnet Update: Progress and Future Plans

by Giorgi Kostiuk

2 years ago

Made with AI

Testnet Launch
SkyBridge Protocol Changes
Audit and Bug Bounty Program

It has been a long time since we last spoke! Here are the latest updates and apologies for the delays in preparing SkyBridge for public testing.

Testnet Launch

Our team has made excellent progress in preparing for public testing. Over the past few weeks, developers made several enhancements to optimize the user experience. While we are not sharing an exact date today, the SkyBridge testnet will become available for public testing soon. The testnet will feature a demo of the initial UI, allowing users to give feedback. Users can interact with smart contracts on Sepolia Etherscan and Sepolia Basescan for advanced transactions. Testnet AVI tokens will be airdropped to all current AVI holders.

SkyBridge Protocol Changes

Several changes were made to enhance user experience as we tested SkyBridge on the Sepolia testnet: * No protocol or liquidity fees for standard (slow) withdrawals. * Use of proxy contracts for bridge upgrades without impacting token support. * Multiple signatures required for withdrawals. * Manual toggling of Supersonic support for SkyBridge tokens.

Audit and Bug Bounty Program

We received a perfect 10/10 security score from Hacken at the beginning of the month. Three issues identified have been resolved. The Bug Bounty program will commence with the SkyBridge testnet launch. Rewards will range from $500 to $15,000 in stablecoins. Updates to our project's whitepaper will include new SkyBridge material.

Success flourishes only in perseverance — ceaseless, restless perseverance.Manfred von Richthofen, the Red Baron

We appreciate everyone’s patience. Stay tuned for regular updates as they become available.

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