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Soul Labs Incentivized Testnet

Before we dive in, I want to draw your attention to the this rumor that- LayerZero Season 2 Airdrop may happen soon. And Soul Labs is powered by LayerZero. So, pushing transactions into the Soul Labs may benefit us in both Airdrops. (Soul Labs + LayerZero)

What is Soul Labs?

"A unified omnichain liquidity layer connecting cross-chain money markets." This is the bio of their X handle. Let me explain it now-

'A unified omnichain liquidity layer' is a type of Liquidity pool which works across all blockchains, so we can use assets from any chain in any money market without worrying about which blockchain we’re on.
For example, we can lend USDC on Ethereum and borrow SOL on Solana in one click, without manually bridging assets.


Now, you understand what they are building. It's time to start doing the tasks that can potentially qualify us for the upcoming Airdrop. Here is the Announcement -

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Here's how to get started:

Step 1: Go to - Soul Labs Dashboard
Step 2: Connect any Evm wallet (Metamask, Rabby etc.)

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Step 3: Acquire Some test Tokens.
πŸ”—Sepolia ETH- https://sepolia-faucet.pk910.de/
πŸ”—Avalanche Fuji- https://faucet.avax.network/

Step 4: When you have test tokens, supply any available one.

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After successfully supplying assets, make sure you opt in those assets as Collateral as this is mandatory for Borrowing task.

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Step 5: Borrow any tokens (< 40-50% to avoid liquidations)
If you notice, I supplied on Sepolia ETH and borrowed Bitcoin on Avalanche Fuji network. I recommend you too to go with the same approach.

Supply on any chain and borrow a different token on different chain.

Try to interact with all available token and chains for maximum contract interaction.

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Till now, we have used Supply & Borrow functions. Repeat these tasks regularly.
Now head to the 'seeds' tab and click on 'My Quests'. Here you find some tasks to complete and the correspondence SEEDS for that specific tasks.
Collect as much Seeds as you can. All Seeds will be converted to $SO Tokens after Mainnet.

That's it for now, make sure you have followed me on X for future updates.

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