In an exciting leap forward for the world of decentralized finance, we are thrilled to announce the launch of the Certo protocol on the Ethereum Sepolia testnet. This marks a pivotal step in our journey to redefine stablecoin utility, offering unprecedented opportunities in a secure, decentralized environment. Let’s dive into the details of this significant development and what it means for our community and the future of finance.
Experience the Future Today
The Certo testnet is now live, inviting enthusiasts, developers, and visionaries to experience the next generation of stablecoin potential. Testnet allows participants to deposit testUSDT (obtained from a faucet) into our system. In return, they receive test stUSD. But the magic doesn’t stop there. Holders of test stUSD will witness their balance grow over time, thanks to our rebasing mechanism that accrues and distributes interest from the lent USDT’s directly to their wallets. This is not just an experiment; it’s a glimpse into a future where your digital assets work for you, generating earnings in a transparent and decentralized manner.
The Mechanics of Interest: How It Works
Upon depositing test USDT into the Certo protocol, users engage in a preview of the functionality of the future mainnet. The test stUSD token automatically adjusts in value (rebases) to reflect accrued interest. This happens since protocol lends out deposited USDT in exchange to high-quality tokenized assets, like T-bills issued by Backed. This assets ensure the lender ability to payback the loan and the interest. Thus, stUSD becomes a stablecoin which automatically rebases with the interest coming from the lending protocol, and total stUSD supply after the rebase always matches the collateral held by the protocol.
Looking Ahead: Mainnet Launch and Community Growth Program
While today we celebrate the testnet launch, our sights are firmly set on the future. The mainnet launch is on the horizon, poised to bring our vision of decentralized, interest-earning stablecoins to the broader crypto community. This upcoming phase will mark the full realization of Certo’s capabilities, offering an unparalleled opportunity for users to hold and grow their digital assets in a stable and reliable ecosystem.
To further foster user engagement and ecosystem growth, we have recently launched a Community Growth Program designed to honor the early adopters and active community members. This program is our way of saying thank you to the community that supports and believes in our mission. Join our Certo Galxe Space and stay tuned for more details on how you can be part of this exclusive opportunity to contribute to and benefit from the growth of Certo.
Join Us on This Revolutionary Journey
The launch of the Certo testnet is more than just a technical milestone; it’s a step towards reimagining the potential of stablecoins and decentralized finance. We invite you to join us in this exciting phase, to experiment, learn, and grow together. Your feedback and participation are invaluable as we refine our platform and prepare for the official mainnet launch.
As we move forward, our commitment to innovation, security, and community remains unwavering. Together, we will unlock the true potential of stablecoins, creating a financial ecosystem that is open, accessible, and beneficial for all. Join us on this journey towards a more decentralized and prosperous future.
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