Xebra.Trade Testnet Guide
September 13th, 2024

Xebra is a cutting-edge, capital-efficient leverage protocol built on the Movement (MVM) blockchain. Leveraging the power of the Move language, Xebra aims to deliver unparalleled performance, security, and low latency for decentralized finance (DeFi) trading. Its focus on secure margin trading with efficient capital management is what makes Xebra stand out in the DeFi space. In this article, we’ll guide you through how to participate in Xebra’s Parthenon Testnet and explore the key features of the protocol.

Why Xebra Chose Movement?

Xebra is built on Movement due to its team’s deep understanding and experience with the Move language and architecture. Move, initially developed for projects like Aptos and Sui, offers a multi-threaded virtual machine (VM) that supports high transaction throughput and an object-based ownership model. This makes it ideal for complex trading scenarios, where speed and security are paramount.

Key benefits of using Move in Xebra's context include:

  • Performance: Move enables parallel transaction execution, reducing latency, which is essential for rapid margining in DeFi trading.

  • Security: Move prevents re-entrancy attacks by default, increasing security and allowing faster upgrades without compromising the protocol’s integrity.

  • Gas Stability: During periods of high volatility, gas prices don’t spike uncontrollably, ensuring that trades and order books remain live and accessible.

Movement also aligns with Xebra’s long-term vision of creating a modular chain. In the future, Xebra plans to launch its own customizable app-chain using the Movement SDK, opening up new liquidity-bootstrapping use cases.

How to Participate in Xebra’s Parthenon Testnet

Participating in the Xebra Parthenon Testnet is straightforward and rewards users with a hands-on experience of the platform while helping to stress-test the protocol before its mainnet launch. Here’s how to get started:

  1. Join the Community. Start by joining the Xebra and Movement Discord servers and following them on Twitter. This keeps you updated on the latest announcements, updates, and events related to the testnet. Additionally, Xebra uses Galxe Spaces for community engagement, so be sure to follow them there as well.

  2. Set Up Your Wallet. To interact with the Xebra testnet, you’ll need to set up a wallet compatible with the Movement Sui network. Xebra supports popular wallets like Sui Wallet, Nightly Wallet, and Razor Wallet. Once your wallet is installed:

    • For Sui Wallet, go to Settings -> Network -> Custom RPC and add https://devnet.baku.movementlabs.xyz/.

    • For Nightly Wallet or Razor Wallet, change the network to Movement Sui Devnet.

  3. Mint Testnet Tokens. Next, head over to the Movement Faucet to mint MOVE testnet tokens. Simply input your wallet address and claim the tokens. You’ll also need to visit the Xebra Faucet to mint additional tokens such as USDC, USDT, WETH, and others. These tokens are essential for completing on-chain tasks like swapping and providing liquidity.

  4. Engage with Xebra’s On-Chain Quests. Xebra’s Parthenon Testnet includes a variety of on-chain tasks designed to give users a hands-on experience with the platform’s key functionalities:

    • Minting tokens: Visit the Xebra Faucet and mint test tokens.

    • Swapping tokens: Use Xebra’s decentralized exchange (DEX) to swap tokens within the Movement ecosystem.

    • Providing and withdrawing liquidity: Participate in Xebra’s liquidity pools, add liquidity, and earn testnet rewards. You can also practice withdrawing your liquidity to better understand how the process works.

Xebra's Off-Chain Quests and Community Program

Xebra's testnet also features a robust community program that allows users to engage through both on-chain and off-chain tasks. The community is divided into five guilds, each with its unique set of roles and tasks:

  • Pathfinders: Help onboard new users, answer questions, and participate in community events.

  • Explorers: Actively engage with other communities and spread the word about Xebra on social media.

  • Creators: Create memes, videos, stickers, and artwork to bring Xebra and Movement to life visually.

  • Scholars: Write educational articles and threads about Xebra’s technology and the broader ecosystem.

  • Spartans: Complete on-chain tasks, helping to test and strengthen the platform's technology.

Members can participate in multiple guilds and earn recognition through their contributions, making Xebra's community engagement program inclusive and diverse.

Conclusion

Xebra’s Parthenon Testnet offers a glimpse into the future of decentralized trading on Movement. By leveraging the Move language, Xebra provides users with an efficient, secure, and scalable platform for leverage trading. Whether you're a DeFi enthusiast looking to test the latest tools or a developer interested in exploring cutting-edge blockchain technology, Xebra’s testnet is a great place to start. So, get your wallet ready, mint some testnet tokens, and dive into the Xebra-Movement ecosystem!

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