DeepBook V3 Testnet Guide For DEEP Airdrop
DeepBook V3 Testnet is here! Join the testnet and you can win up to 100,000$ in DEEP
Are you ready for the ride? Let’s Go Deep in this article.
Overview of DeepBook
- DeepBook is a next-generation decentralized central limit order book (CLOB) built on Sui.
- DeepBook leverages Sui's parallel execution and low transaction fees to bring a highly performant, low-latency exchange on-chain.
- Currently, DeepBook supports both market and limit orders. However, its fundamental structure lets it support many new use cases such as: Perps, Lending, Sui Bridge integration, Cross-chain aggregation, and Payments.
Why do they launch DeepBook V3?
- V3 brings the lowest trading fees EVER, unlocking faster transactions and the best on-chain execution in the space. With DeepBook V3, transaction gas costs are slashed by 60%.
- V3 allows market makers and traders to share liquidity between pools, making trading and liquidity provisioning smoother and more efficient.
- V3 also has a new swap-like interface for placing orders in addition to the regular order placement endpoints. This allows protocols to more easily integrate DBv3
Testnet Rewards Eligibility Requirements
- The DeepBook V3 Testnet will be running for 2 weeks
- Total rewards: $100,000 in DEEP for eligible users testing via a partner link OR providing useful feedback via their feedback form.
Eligibility criteria:
- Testing via a DeepBook Protocol's front end.
- Integrating directly with DeepBook Protocol's smart contracts.
- Providing useful feedback via our feedback form.
- Additional details will be provided to you from time to time via Testnet-related websites and developer documentation.
Preparations for joining the DeepBook V3 testnet
Download and install Sui wallet
First and foremost, you need to download Sui wallet.
Switch to Testnet & Request the Testnet SUI tokens
First, click the ⚙️ icon in the top right corner. Then, select ‘Testnet’ in the Network section.
Click the button “Request Testnet SUI Tokens” to receive 1 SUI.
Now, you’re set to go!
DeepBook V3 Testnet Guide
Visit a Partner Link
Make some swaps
I’ll use FlowX Finance as an example:
- Visit FlowX Finance.
- Simply input the amount of SUI you want to swap.
- Click “Swap Anyway”.
- Confirm the transaction.
If you see any bugs or have useful feedback for DeepBook V3, please report them using the Feedback Form.
Conclusion
DEEP is one of the promising tokens set to launch on Sui in Q3-Q4.
DeepBook V3 offers a golden opportunity to earn DEEP. Don’t miss out on this chance!