Following up on the successful completion of Pike Private Testnet Phase 1, we are excited to announce the launch of Phase 2! A big THANK YOU to all the testers who took part and submitted your feedback, we have further enhanced Pike based on your inputs and suggestions!
One of the major initiatives of Private Testnet Phase 2 is new network expansion. We have shortlisted 3 new networks and Monad will mark as the first network expansion. Testnet deployment for the other 2 networks will go live progressively in the coming weeks.
Why Join the Private Testnet Phase 2?
In the coming 4-8 weeks, we will release iterative versions, focusing on refining capital efficiency, usability, and security. We want to hear from you because we believe you can contribute to Pike’s vision - to become a leading lending protocol by bridging the demand for cross-chain liquidity and access to superior capital efficiency.
Highlights from Phase 1
Phase 1 of Pike Private Testnet, which began in February 2025, exceeded our expectations. We received over 1,300 applications and selected 40 committed participants. Over 4 weeks, they provided 30+ pieces of feedback—including 5 critical bug reports and 7 valuable feature suggestions (1 for smart contracts, 6 for UX).
What is Pike?
Pike is a modularized lending protocol designed for the multichain world. It unifies liquidity across ecosystems while maintaining robust risk isolation, enhancing capital efficiency, and supporting blue-chip and self-pegging assets (SPA).
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Multichain Compatibility: Seamlessly operates across EVM and non-EVM blockchains, enhancing accessibility and liquidity.
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Modular Architecture: Balances risk isolation and capital efficiency, enabling tailored deployments.
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Programmable Oracle Interface: Supports assets like DEX LP tokens and self-pegging assets for optimized on-chain price discovery.
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Universal Vaults (UV) Powered by POCA: Facilitates liquidity optimization across chains.
What is New in Phase 2?
Phase 2 introduces three cutting-edge blockchain networks one by one. The goal is to expand Pike’s footprint to service emerging blockchain networks. Here is what is new:
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Monad Network: Advanced EVM compatibility now enables faster smart contract execution and improved lending efficiency.
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Dynamic Asset Data: The integrated indexer displays real-time graphs for market rates, interest rates, and asset price history—helping you make informed decisions and track activity.
Note: Graph functions and full activity tracker on Monad are temporarily unavailable at launch due to RPC limitations but will be supported soon.
On the Monad testnet, you can test first with USDC, WETH, and wstETH to:
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Supply
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Borrow
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Repay
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Withdraw
Your feedback will help us optimize Pike 2.0 for a public launch, ensuring it delivers unmatched value to DeFi users worldwide. Cross-chain capability will be added in a future update as we finalize the POCA validation process.
Who Can Join and Why It Matters
Eligible participants in Phase 1 will automatically qualify for Phase 2. In addition, we are looking for experienced lending protocol users who hold one of the following roles in the Pike Discord: “Pillars of $P,” “Nads,” “Vanguards,” or “Day 1” and meet the following criteria:
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Have hands-on experience with financial products, especially DeFi lending protocols.
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Willingness to participate in user interviews and provide detailed feedback.
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Ability to thoroughly test the protocol and report bugs and/or improvement suggestions.
Your insights will directly shape Pike, ensuring it addresses the real needs of lenders and borrowers before the public launch. This is your chance to be part of a transformative protocol that could redefine decentralized lending.
Ready to Join Phase 2? Here’s How:
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Sign Up Now: Fill out our application form - https://app.deform.cc/form/099dc4e2-e782-46c2-9740-a39c643f236c before 00:00 UTC, March 13, 2025, to secure your spot. (limited availability)
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Eligibility Review: Our team will review applications to select users who meet the criteria.
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Join Our Community: Engage with us on Discord and X for updates and support.
*Spots are limited. If demand is high, we reserve the right to make the final decision on who qualifies to participate.
About Pike
Pike is a next-generation lending protocol with a built-in DEX engine. Pike’s modular design improves security and capital efficiency, offering highly competitive rates through cross-chain interest rate arbitrage and above industry standard liquidity utilization rates.
Learn more: https://www.pike.finance/
Join the Discord: https://discord.gg/pikefinance
Community Dashboard: https://community.pike.finance