SkyBridge Testnet Update: Progress and Future Plans

by Giorgi Kostiuk

2 years ago

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Seoul Police Conduct Second Search at Bithumb Headquarters

Seoul police returned to Bithumb's headquarters for a second search related to a corruption probe involving independent lawmaker Kim Byungki.

Jesper Sørensen19 minutes ago

Ethereum Spot ETFs See Major Inflows Amid Bitcoin Outflows

Ethereum spot ETFs have seen significant net inflows of 82 million, while Bitcoin spot ETFs faced outflows of 91 million, indicating a shift in investor interest favoring Ethereum.

Lucas Weissmann4 hours ago

Hyperliquid and Paradigm Call for Refinements in Stablecoin Compliance Rule

The Hyperliquid Policy Center and Paradigm submitted a comment urging refinements to the proposed stablecoin compliance rule related to the GENIUS Act.

Filippo Romano7 hours ago

Michael Avenatti Critiques Bankman-Fried's Leadership and Responsibility

Michael Avenatti critiques Sam Bankman-Fried's leadership, highlighting his refusal to accept responsibility and suggesting that hiring experienced executives could have prevented FTX's collapse.