Horiza is a game-changer decentralised exchange (DEX) protocol operating on the Arbitrum blockchain. It combines the strengths of concentrated liquidity market makers (CLMM) algorithms, an active liquidity management (ALM) marketplace, and the ve(3,3) design to align stakeholders' incentives, as pioneered by Solidly. With its unique approach, Horiza aims to provide deep liquidity on the Arbitrum blockchain and create a decentralized market for token emissions.
Horiza is driven to deliver an unrivalled trading experience with superior DeFi liquidity efficiency via its concentrated liquidity protocol and series of affiliate interoperable functional modules.
We are really excited to open the Horiza Testnet for our community. This is a remarkable step in the journey of building a 100% fair and transparent DEX Protocol operating on the Arbitrum blockchain.
Before we launch the Mainnet, we wanted users to get versed in the experience of participating in Horiza.
- Incentivised Testnet Rewards: NFT Early Supporter.
What is the goal of this Testnet?
The primary purpose of a testnet is to find bugs or flaws in our interface, especially in our smart contracts.
For this reason, this testnet campaign will last for at least 3 weeks to gather your feedback/ bugs.
Two particular channels have been opened on Discord to give us your feedback, and if you encounter a critical error, please open a ticket to provide us with details. In your report, please include the following information:
-
Where the bug error or vulnerability was found;
-
A description of what happened in detail;
-
A screenshot or recording (preferably a recording because, for some bugs, screenshots aren’t great at conveying what’s wrong).
Here is the Step-By-Step Guide to participate in Horiza Incentivised Testnet
Note: Below images are just for representative purposes only.
┃ Step 1: Go to our DApp* and Click on “Faucet”.
┃ Step 2: Complete all steps to get test tokens and Click on Claim.
Note: Kindly remember to insert your wallet address in the quote retweet.
┃ Step 3: Go to our DApp again and Click on Connect Wallet.
┃ Step 4: You can select your preferred wallet.
┃ Step 5: We have selected “MetaMask” and changed our network to “Arbitrum One”.
┃ Step 6: After getting test coins, Make some Swaps.
Note: After confirmation and execution of the Swap, you will see a window on the right that the transaction was successful.
┃ Step 7: Navigate to the Pool menu and Create a New Position.
┃ Step 8: Select your preferred tokens.
┃ Step 9: Set the fee tier. For the liquidity pool we have chosen, 0.3% is most often selected, but you can set a different value.
┃ Step 10: Select a Price Range. To quickly set the range, click on the “Full Range” button.
Note: The smaller the range, the more efficient the assets work. But if the price exceeds the range, our position will not receive income from swap fees.
┃ Step 11: Specify the number of assets. It is enough to enter a number only in any one field — the second value will be pulled up automatically. Then Click on the “Approve USDT” button.
Note: Since we are making a transaction with USDT for the first time on the Horiza platform, we need to approve the token, that is, allow it to be spent from the wallet. Then Sign the transaction — the commission will be charged for it.
┃ Step 12: Click on Mint. Then Confirm the transaction in your wallet.
Done! You have added liquidity and will now receive commission income from each swap, provided that the price of ETH relative to USDT is within your chosen range.
┃ Step 13: The position you added is displayed in the "Pools" section. Click on it to see the details.
The positions page displays the pool amount and unclaimed fees, which were accrued for liquidity but have not yet been withdrawn — they will be taken into account in the total liquidity. The “In Range” label indicates that the position is in the range and is active.
┃ Step 14: Add ETH/ USDT to the liquidity pool. To do this, increase the liquidity on the position page.
┃ Step 15: Withdraw assets from the pool to the wallet. To do this, click “Remove Liquidity”.
Note: You can remove the entire amount from the liquidity pool or only part of it. Specify the amount to withdraw from the pool and Click on “Remove”.
The closed position will still be displayed on the Pools page, but with the status “Closed”. To hide closed positions from the list, click “Hide closed positions”.
Completed! 🥳
Thank you for your attention! For any queries regarding using Horiza Testnet, feel free to reach out to our Discord Community — https://discord.com/invite/mXtR2tr4Dy