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Welcome to Nezha - Strike it big on Solana with no need to forfeit your initial stake. Nezha makes $100,000 available to win. Every. Single. Week.

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In this article, we’re going to be revealing the upcoming Nezha Testnet launch, exploring how you can get involved, and revealing a special sneak-peek at some of the engagement campaigns and prizes up for grabs for those who participate!

The Nezha testnet launch is the first opportunity for our community to use and explore our gamified yield aggregation protocol! The testnet will include most of the functionality you can expect in our mainnet launch, except it won’t be using real funds. 

As this is the first opportunity for our community to interact with the interfaces of the <a href="https://www.nezha.fi/blog/exploring-the-nezha-draw-100000-jackpot-available-every-week">Nezha Draw</a>, and familiarize themselves with how it will work, those participating in our testnet will be at an advantage for participating as soon as our mainnet launches!

We will be gathering feedback from testnet users after the event is finished, and we want your valuable feedback on how intuitive our UX & UI is, your experience in participating in the Nezha Draw, and anything else you believe could be improved. We’re also looking for feedback on those features which you particularly enjoyed, as we look to make the Nezha Draw as playable as possible! 

For those who participated in the Nezha Draw testnet, you won’t just be rewarded with early access. We’re also planning an action-packed testnet period where we’re giving away Solana NFTs, cash prizes, and official Nezha merchandise - only available to those who participate!

The Nezha draw is gamifying yield aggregation by combining prediction events with yield farming. Nezha players can earn game tickets from staking $USDC to the protocol (test $USDC while we’re in our testnet phase), which entails 6 numbers each. Yield is aggregated over the game cycle with our yield partners over the span of a week.

On the last day of the cycle, six random numbers are generated in a live draw event. There’s a chance every single week to win the jackpot, which is at least $100,000 USDC! The minimum staking requirements start at just $25 USDC, but you can stake all the way up to any amount of your choice for increasing chances to win!

You don’t need to forfeit your initial liquidity during the game if you don’t win, only the yield that has been generated on it. After each game cycle, you have the option to unstake your initial liquidity and your winnings, or to continue to leave your $USDC staked for another chance to win!

How can you get involved? A summary of the process to participate

To participate in our testnet launch, you’ll need to follow the few simple steps below. Make sure you read the steps carefully, because we’re also making some unique NFTs available for lucky winners who participate in our testnet launch! 

Remember, many of these steps will help you set up for our mainnet launch, so by participating in our testnet you also get a headstart for when we go live! 

Users will need a <a href="https://www.nezha.fi/blog/how-to-set-up-a-solana-testnet-wallet">Solana Testnet wallet</a> to participate in the Nezha Draw. We recommend using Phantom Wallet (<a href="https://chrome.google.com/webstore/detail/phantom/bfnaelmomeimhlpmgjnjophhpkkoljpa?hl=en" rel="nofollow">Chrome</a>, <a href="https://addons.mozilla.org/en-GB/firefox/addon/phantom-app/" rel="nofollow">Firefox</a>), a Web 3.0 wallet that can interface with the Solana network and the Nezha Draw. Please note - Only Solana wallets will be supported. $USDC ERC-20 or any other token type will NOT be supported. Find our full guides on how to set up your Solana wallet <a href="https://www.youtube.com/playlist?list=PLB2heDcQi6GuXQSMFqYZtCpz5Y2MU0dBP" rel="nofollow">here</a>.

Step 2: Submit an application to receive Nezha Testnet $USDC 

To interact with the Nezha protocol on the testnet, you will need to have our unique Testnet faucet $USDC in your wallet. This isn’t real $USDC, so it has no monetary value and it cannot be traded, but it can be used just like real $USDC would for the purposes of our testnet! You can apply for test $USDC by <a href="https://discord.com/invite/nezha" rel="nofollow">joining our Discord</a> and using this <a href="https://forms.gle/w27KNJqHUwuwUKCi7" rel="nofollow">form</a>.

Once you’ve applied above with an official Solana wallet address, users will be airdropped test faucet $USDC tokens, and automatically enrolled to a raffle to win exclusive NFTs for our testnet participants! You don’t have to do any extra steps to join the raffle, simply fill out the form linked above.

You will need additional testnet Solana tokens to pay for transactional fees, you can get these for free <a href="https://solfaucet.com/" rel="nofollow">here</a>. Simply input your wallet address and hit send.

Once your test tokens arrive, you’re ready to use the Nezha testnet. 

Step 4: Go to the Nezha Testnet landing page! 

Head to our <a href="https://platform.testnet.nezha.fi/my-dashboard">Testnet</a>, you’ll be prompted to connect your wallet, or you can manually connect your Solana wallet by clicking ‘Connect Wallet’. Here, you can ‘spend’ and stake your test $USDC just like using the Nezha mainnet!

Once you’ve had a chance to use the testnet, you will be asked to participate in a short feedback survey. We’re also eager to hear about any bugs you may have encountered during the course of the testnet. Only users who complete the feedback survey will be eligible to receive rewards!

Finally, join our community! If you’re not already a Nezharian, join our social channels below. You can also reach out to us with your testnet questions on Discord, Telegram and Twitter as well as email.

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We are inviting up to 1000 people to participate in our Solana-based Gamified Yield Aggregator Testnet. To incentivize participation, we will be awarding Solana NFTs and cash prizes each week. This will require users to use our platform and provide feedback to help improve <a href="https://www.nezha.fi/">Nezha</a>.

In order to join our <a href="https://www.nezha.fi/blog/how-to-participate-nezha-testnet-launch">Gamified Yield Aggregator Testnet</a>, you will need to apply and have Nezha USDC tokens sent to your Solana wallet. In this article, we will go over how to set up a Solana Wallet and configure it to use the Testnet network.

Before starting, you will need to install a Chromium-based browser or use the Firefox browser to install the Solana wallet extensions from this article.

Installing a Solana Wallet Browser Extension

There are two main wallet options on Firefox & Chromium Browsers for the Solana Blockchain. In this tutorial, we will go over both options. These options are Phantom and Solflare. We recommend navigating to these websites via our links or the official Firefox extensions or Google Web Store as there are often malicious third-party extensions.

Installing Phantom on Firefox is incredibly easy. You will need to install the <a href="https://addons.mozilla.org/en-GB/firefox/addon/phantom-app/" rel="nofollow">Phantom extension</a> by clicking “Add to Firefox".

Once you have clicked to add this wallet to Firefox, you should see a prompt appear asking for permission to add this extension, select “Add”.

This should only take a few seconds. However, once installed, your browser will redirect you to your new Phantom Wallet. It’s important that this is set up now and not later, as closing this tab is known to cause some issues and will require you to remove and reinstall your extension.

Installing Solfare on Firefox is incredibly easy. Much like the Phantom wallet, you will need to install the <a href="https://addons.mozilla.org/en-GB/firefox/addon/solflare-wallet/" rel="nofollow">Solflare extension</a> by clicking “Add to Firefox".

Once you select “Add to Firefox”, you should see a prompt requesting permission to add the extension to your browser. If this isn’t done correctly, you may need to reload the Firefox extension page in question to try again.

Once installed, the wallet won’t automatically open. You should see a symbol in the top right for the Solflare wallet. If you don’t see this, make sure you have <a href="https://support.mozilla.org/en-US/questions/1150234" rel="nofollow">extensions enabled</a>.

Install Phantom Wallet on Google Chrome / Opera / Microsoft Edge / Brave

You can install the Phantom plugin on Chromium-based browser very quickly, you will need to install the <a href="https://addons.mozilla.org/en-GB/firefox/addon/phantom-app/" rel="nofollow">Phantom extension</a> by clicking “Add to Chrome".

You may be prompted with an option to verify this, simply click on “Add Extension”.

Once you add the Phantom Wallet extension, the wallet onboarding page will automatically open. If this does not happen, you should see the Phantom Wallet icon in the top right of your browser window. Simply click on the icon, and you will be shown the onboarding page.

Install Solflare Wallet on Google Chrome / Opera / Microsoft Edge / Brave

Solflare does require a few extra steps but is an incredibly easy wallet to install on your Chromium-based browser. 

Once you add Solflare Wallet to your Chrome installation, you will be prompted to verify the installation, simply click on “Add Extension”.

If you already have a Phantom wallet but don’t know how to set up the Solana Testnet, you can skip to here. Otherwise, click on “Create a new wallet”, and ensure you have either a pen and paper or a secure data storage application to hand as you will need to write down your recovery data. Follow the steps as per the images below, as this part will be quite self-explanatory. 

Note: Ensure this password is unique and recoverable, you will need to keep this information completely secure. NEVER give these details to anyone who asks.

Once you have input a password, you will be provided with a Secret Recovery Phrase. This secret recovery phrase will be unique to your wallet, so you will need to keep this data secure and confidential. If a third party were to find these credentials, your account can be recovered and funds inside the wallet stolen.

Unlike other wallets, you will not be asked to re-enter this to ensure you have these phrases. Upon checking the “I saved my Secret Recovery Phrase” and clicking “Continue”, you will have officially set up your Phantom wallet on the Solana Mainnet. Changing this to Testnet is done within a few clicks.

In the top right of your Firefox browser, you should now see an additional icon for Phantom. This icon will be a ghost inside a purple circle. Click this icon and select the Gear in the bottom right. Some users have expressed issues with this loading, so once you click and open the wallet, give it around 20 seconds to load thoroughly.

Once the settings panel of your wallet loads, you will want to scroll down to “Change Network”. If you click or scroll with your mouse, not in the extension window, the window may close, resulting in having to reload the wallet and waiting again.

You will be presented with 4 options under the Change Network tab. Click on “Testnet”, and this will change your wallet. If you want to change it back to the Mainnet, you will need to go through the prior steps again, however, select “Mainnet Beta”. 

Changing your network does not remove/lose funds from your wallet. It simply acts like a different wallet in a different environment.

Once you open the Solflare extension, you will be presented with a multitude of options. These will vary based on what you need or how you want to set this up if you already have a Solflare wallet and need to know how to swap to the Testnet, skip ahead. 

Create a new Solflare Wallet - This is for users who don’t have any wallet at all. This is a great option if you’re new to the Solana ecosystem or don’t have a hardware wallet.

I already have a wallet - This will run you through the recovery stage for connecting your Solflare wallet, you will need your recovery phrase for this step.

Ledger - If you have a hardware wallet, this option will go through the steps of setting up Solflare to work directly with that wallet. Keeping your funds offline is a great way to stay secure but may make using <a href="https://www.coindesk.com/learn/what-is-a-dapp-decentralized-apps-explained/" rel="nofollow">dApps</a> slightly harder.

Keystone - Much like Ledger, this is another branded hardware wallet that utilizes QR codes to help with connections and transactional data

This next part is crucial, you will need to keep your recovery phrases secure and safe. You can use an offline data storage app or a pad and paper, but make sure it is SECURE. You will be asked for these Recovery Phrases on the next page, do be sure to download/copy them.

Simply paste in the recovery details you were supplied, if you didn’t keep a record of them, close out your browser and start from the first steps again.

You will now be prompted to enter a passcode, this can use symbols, numbers, and letters. Be sure to use something safe and not something you use regularly. Apps like LastPass or 1Password can help keep these secure should you need to keep a record of a randomized password.

Once you hit continue, you will have your wallet set up! Congratulations!

How to swap to the Testnet using Solflare

The next few steps will assist you in configuring your wallet to use the Testnet rather than the Mainnet. Simply click on the “Settings” option in the top right of your screen. This will bring down a multitude of options. From here, select “NETWORK: MAINNET”.

Once you have selected the Network options, you will be presented with 3 choices in a list, it’s important that you select “Testnet” and not “Devnet” as they are two separate entities.

Congratulations! You’ve gotten the Testnet on Solflare set up! Should you wish to change back to Mainnet, simply follow the prior steps again and select Mainnet.

Your Solana Mainnet wallet contents and Solana Testnet wallet contents will be different, so don’t panic if they look like they’ve gone missing!

BLOCKCHAIN

In this blog post, we will discover how Nezha is explaining the DeFi ecosystem on Solana. Nezha’s stake to win dynamics brings novel payout mechanisms to the quickly growing Solana DeFi ecosystem.

Let's dive into what makes Solana such a great ecosystem to be in in the first place, and how the Nezha protocol adds to this ecosystem!

So, for those who may be new here, let's briefly recap the unique features of Solana. Solana is a thriving third-generation layer-one blockchain, meaning it is smart-contract compatible and provides a fast, scalable, and decentralized platform, on which other applications can build.

Through its innovative “proof of history” proof of stake consensus mechanism, Solana eases the otherwise required communication, enabling the chain to generate blocks faster. The high transaction speed and affordability are two of the main factors making the Solana ecosystem attractive for both applications and users alike.

Why is Solana becoming so popular for DeFi protocols?

To answer the question for Solanas popularity for DeFi, we want to discuss two important factors: Solana’s liquidity abundance and infrastucture environment, and its engaged community. Solana is offering DeFi projects a highly functional environment to build on. Furthermore, Solana has a highly engaged and skilled developing community, which has provided the ecosystem with multiple innovative projects adding utility to its ecosystem.

While being rather young, the Solana DeFi space has seen lots of high-quality projects providing necessary infrastructure, making it more and more attractive to continue building. Solana has high-quality DEXs such as Serum, and market-makers such as Cropper.finance, Oracles such as Chainlink.io, access to bridges like Wormhole, launchpads, and multiple lending and borrowing protocols such as Francium.io.

As there are more high-quality projects than we can give a shoutout to here, the combination of the Solana Blockchain itself and the developed infrastructure of DeFi projects make it an attractive ecosystem to continue building.

Lastly, and most notably, the highly engaged community make Solana a thriving place in the cryptospace. Since the end of 2020, the cumulative number of user wallets has increased from a few thousand to 12 million, indicating a steep adoption. The community is benefiting from the low transaction costs, which has led to a thriving DeFi and NFT space, and lots of early projects to discover!

Why did Nezha choose Solana as their Blockchain?

In line with the previously introduced benefits of the Solana ecosystem, <a href="https://www.nezha.fi/">Nezha</a> has decided that Solana is the most attractive place to build in. Our protocol and the community benefit from low transaction cost and high transaction speeds.

While the Nezha team has initially considered building on Cardano, the DeFi infrastructure on Solana has proven to be a better match for our protocol's aspirations. While Nezha plans to become multichain in the future, to tap into liquidity on other chains as well, Solana seems to be the place where we can best scale the Nezha protocol!

How will Nezha contribute to the Solana ecosystem?

Nezha adds a novel twist to the Solana DeFi space with our gamification element adding to yield aggregation. With the Nezha Draw, Nezha offers the unique opportunity to gain potential access to the interest generated on the liquidity of all protocol participants.

Through the attractive outlook of winning up to $100,000 USDC right after launch through our <a href="https://www.nezha.fi/blog/the-role-of-insurance">insurance agreement</a>, Nezha is in the position to draw lots of new liquidity into the Solana ecosystem.

Furthermore, in the long run, Nezha plans to offer its technology as a white-labelling solution, providing other projects, such as from the booming GameFi sector, to integrate Nezha’s liquidity engine into their products.

So, on the one hand, Nezha is going to attract new liquidity to the Solana ecosystem, and on the other, Nezha will bring additional infrastructure to Solana, making the ecosystem even more attractive to build on!

Which Solana-based launchpads will Nezha launch through?

After the launch of our testnet and mainnet, we plan to issue our <a href="https://www.nezha.fi/blog/from-high-stakes-to-staking-what-is-the-nez-token-utility">native token $NEZ</a>, packed with utility for our Nezha ecosystem! We will have our IDO on <a href="https://occam.fi/" rel="nofollow">Occam.Fi</a> and <a href="https://safelaunch.io/" rel="nofollow">Safelaunch.io</a>. These are two multi-chain launchpads that will attract new members to the Solana community, and the Solana-native <a href="https://cropper.finance/" rel="nofollow">Cropper.finance</a>, through their fertilizer launchpad.

Make sure not to miss any news about our IDO by joining our social channels. Keep up to date by following us on <a href="https://twitter.com/NezhaFi" rel="nofollow">Twitter</a> and <a href="https://t.me/nezhafi" rel="nofollow">Telegram</a>, and join the growing community of Nezharians on <a href="https://discord.com/invite/nezha" rel="nofollow">Discord</a>!

In total, we have learned that the Solana blockchain is an innovative, high-performance chain well-suited to our needs. Its community and DeFi ecosystem have seen exponential growth, and several high-quality projects are providing the necessary infrastructure on which we can build.

We are therefore excited to be able to soon bring our gamified yield aggregator with stake to win dynamics to Solana. By offering weekly Jackpots of up to $100,000 USDC, Nezha aims to attract great liquidity and contribute to the growth of this amazing ecosystem!