SIKKA PUBLIC TESTNET
Introducing Sikka a revolutionary stablecoin built on the Polygon network that provides competitive yield generation innovations through stablecoin over-collateralization and liquid staking.
Through Sikka protocol’s lending service, users can borrow the Polygon stablecoin $SIKKA. By providing overcollateralized liquid staking assets in the form of MATIC. It takes advantage of liquid staking to provide sustainable yields over 10% that can be multiplied by using SIKKA’s derivate tokens in other external DeFi protocols.
Launch of Public Testnet
They announced the launch of its Public Testnet App. A live testnet version of the Sikka protocol on its website. With features including borrowing, lending, APR calculations, and IKKA rewards. This launch brings them one step closer to bringing its Polygon over-collateralized stablecoin to life.
Within the testnet app, you can learn the mechanics of over-collateralization and stablecoin borrowing without having to risk losing your money in the process. Start testing today!
Enter its Giveaway — $5k in Total Prizes
In order to kick off the launch of the its testnet, they’re hosting a gamified giveaway with $5,000 in total prizes. An assortment of challenges rewards you with varying amounts of points which give you greater chances of winning.
All you need to do to enter is:
- Go to the Giveaway Form
- Log in with your email
- Start completing challenges
You can increase your chances of winning by completing challenges like creating a viral tweet (>20 retweets), staking MATIC on Polygon Testnet, joining the Sikka Discord server, and much more! Join their gamification program here!
They’re beyond excited to release its Public Testnet and to be one step closer to its official product launch.
About Sikka
Sikka is a lending/borrowing platform where users can use MATIC as collateral to borrow stable coin Sikka. Sikka aims to be the biggest moneymaker protocol built on Polygon. By taking advantage of liquid staking and borrow interest, It is expected to provide users w/ close to
SOURCE:
SIKKA
