Offshift Testnet Phase One & Bug Bounty Are Live!

August 30, 2020

Three-Phase Testnet Launches Ahead of Schedule

Today Offshift launches phase one of what will be a three-phase public testnet rollout, with the launch of zkAsset contracts and ERC20-to-zkERC20 shifting on Ethereum’s Ropsten testnet.

The three-phase rollout allows for extensive public testing of some key components as we build out the protocol, and gives us an opportunity to identify and mitigate any bugs or potential pain points along the way, ensuring the protocol’s foundation is strong and streamlining development.

The three phases of the public testnet are as follows:

Phase 1: Simple 1:1 shifts between two ERC20 assets

Phase 2: Price-pegged shifts between two ERC20 assets using an oracle

Phase 3: Price-pegged shifts between an ERC20 asset and a zkERC20 asset using an oracle

With today’s launch of phase one, we also open a one-week bug bounty program. From August 30th through September 6th, 2020, any user who submits a bug or vulnerability via the Bug Bounty Form , which is verified as a bug by Offshift developers, will receive the equivalent of 50 USD in XFT Tokens.

Official Offshift Solidity Master, George, has extended a personal 1 ETH bounty as well, which the rest of the team may or may not take pleasure in seeing him have to pay.

If you’re ready to test phase one you can find instructions here . As always, thank you for your interest in the Offshift Protocol and financial privacy. Be sure to follow the official Offshift Twitter and join our community Telegram if you haven’t.

About Offshift

Offshift is leading private decentralized finance (PriFi) with the world’s first Private Derivatives Platform. It leverages zero-knowledge (zk) proofs and sources reliable, real-time price feeds from Chainlink’s decentralized oracle network to enable users to mint zkAssets, an unprecedented line of fully private synthetics. Offshift’s mostly anonymous team has developed a trusted reputation for their thorough privacy research, development and execution.

To learn more and get involved, visit the links below: