While everyone was busy buying memecoins and farming Eigenlayer points, we were building. Ok, we dabbled in memecoins and farmed Eigenlayer too, but we were mostly building. Today we are happy to announce the launch of our invite-only testnet. By participating in the testnet, users can explore Tren and help refine our features. Also, if you’re into points multipliers, keep reading.
Access to Testnet is Invite-Only
Early participation is a privilege that comes with benefits. Redeeming an invite code is your ticket to experiencing Tren’s features before they go live on the mainnet, but not only that, testnet users will also secure a 2x points multiplier once we transition to mainnet. This multiplier is irreplaceable and underscores our appreciation for early users. We want those who help us refine our platform and grow to be rewarded for their contributions, making their early involvement worthwhile.
Every user who redeems an invite code also receives 2 invite codes of their own to invite their friends.
A Referral Program That Benefits Both Parties
Our referral program is unique. When user A invites user B using an invite code, both parties are better off. User B also gets a 2x multiplier, and user A gets 15% of User B’s points, which come from the extra points earned by User B. This allows us to reward referrals while preventing sybil attacks, as there’s no sense in inviting your own wallets since you’ll end up with the same amount of points. Ultimately, this design changes the dynamic from asking the person you’re referring for a favor, to doing them a favor.
Net XP | Without invite | With invite |
Referrer | 2,000 XP | 2,300 XP |
Receiver | 1,000 XP | 1,700 XP |
Testnet Activities: What You Can Do
At the launch of our testnet, users can borrow trenUSD against deposited testnet collateral. This feature lets you experience how our loans operate, including the process of securing and repaying trenUSD. It's a fundamental aspect of our platform, and we encourage everyone to give it a try, explore the mechanics, and provide feedback on their experience.
Another critical activity available during the testnet phase is staking trenUSD to the Stability Pool. While this feature primarily serves educational and testing purposes on testnet, it offers a glimpse into how it will function on the mainnet, including earning yields and contributing to the protocol’s security.
As we progress and get closer to mainnet, you will start to see additional features added to the protocol.
Need Help? Hit The Docs
Navigating new platforms can be time consuming, but we've got you covered. Our documentation is your go-to resource for understanding the full spectrum of Tren’s functionalities. Whether you're looking understand the protocol better, or need step-by-step guidance on how to complete tasks, it’s all in the docs. If you need further help, reach out on Discord.
Obtaining an Invite Code
There are several ways to get an invite code:
Connections: You may know someone who has received an invite code, even if you are unaware of it. Ask around, they can provide you with access. If you don’t know anyone, try posting on X, maybe you’ll get lucky
Scan socials: Keep an eye on social media platforms like Twitter and Discord, where invite codes may be shared sporadically by KOLs and other testnet users. Every invite code comes with additional invite codes to give out.
Raffles: Participate in our regular raffles for a chance to win an invite code. To make sure you stay up to date on these, follow us on X and join our Discord and Telegram.
Conclusion
As we launch testnet, we hope you’ll connect with us by joining our Discord and following our social media channels. This way you’ll get the latest news and a direct line of communication with team Tren.
For those who already have an invite code, you can get started here: https://testnet.tren.finance/
About Tren Finance
Tren Finance is a CDP protocol designed to provide liquidity for various types of assets. Our team is comprised of core contributors from various successful DeFi projects, boasting a combined TVL surpassing $1 billion. Drawing insights from our experiences at MakerDAO, Ajna, Parity Technologies, Parallel Finance, Casper Labs, Venom Foundation and more, team Tren brings a wealth of knowledge to the table.
