Today,** Shell Protocol **has deployed the final major update for the Shell v2 testnet. This update introduces ETH wraps, an ETH-stablecoin pool, and Shell Points.

⭐ Shell Points:

Shell points is a way of tracking your contribution to the Shell v2 guarded launch.

The base unit in the Shell Points system is a dollar day.

At the simplest level, dollar days track the USD value of all the assets in your Shell wallet over a period of time.

A user holding a Shell-wrapped or Shell-native token of $1 USD value (such as shDAI or shUSDC) earns one Shell Point per day from that wrapped token.

For example, a wallet that holds 10 shDAI for 10 days would earn 100 Shell Points.

📊 Compounding Points:

Shell Points are also earned through a persistent compounding mechanic. This effect increases over time, and is not based on any particular token held. Instead, it is applied to the entire USD value of all your aggregate Shell-based tokens.

For example, Say Alice’s wallet carries an overall Shell v2 balance worth $10,000 USD for 100 days. With this information, we can complete the formula below to find our additional compounding points across 100 days for a wallet worth $10,000 at a compound rate of 0.189%.

The goal with compounding dollar days is to provide an additional reward for users who leave sums in Shell v2 for extended periods of time.

🧾 How to use:

1. Set up Metamask on a desktop browser if you haven’t already.

2. Connect to Mainnet Rinkeby.

3. Get Rinkeby ETH. Use a Rinkeby faucet while connected to Rinkeby with your Metamask wallet. Here’s one.

4. Visit the Arbitrum bridge. Your Metamask wallet must be connected to Rinkeby Test Network. Using the bridge, deposit your Rinkeby ETH (it will be sent to the Arbitrum Rinkeby network).

5. Add Arbitrum Rinkeby to your Metamask network list.

6. Connect to Arbitrum Rinkeby. You can now use the Shell v2 testnet.

7. To receive test stablecoins, use the ‘faucet’ tab and claim your allocation.

You can start using all of the new testnet features now.

That’s all for the guide. If you found it helpful, do hit the clap button and support our work 😊

telegram

https://t.me/+jELQQnPjww84MTBl

Today,** Shell Protocol **has deployed the final major update for the Shell v2 testnet. This update introduces ETH wraps, an ETH-stablecoin pool, and Shell Points.

⭐ Shell Points:

Shell points is a way of tracking your contribution to the Shell v2 guarded launch.

The base unit in the Shell Points system is a dollar day.

At the simplest level, dollar days track the USD value of all the assets in your Shell wallet over a period of time.

A user holding a Shell-wrapped or Shell-native token of $1 USD value (such as shDAI or shUSDC) earns one Shell Point per day from that wrapped token.

For example, a wallet that holds 10 shDAI for 10 days would earn 100 Shell Points.

📊 Compounding Points:

Shell Points are also earned through a persistent compounding mechanic. This effect increases over time, and is not based on any particular token held. Instead, it is applied to the entire USD value of all your aggregate Shell-based tokens.

For example, Say Alice’s wallet carries an overall Shell v2 balance worth $10,000 USD for 100 days. With this information, we can complete the formula below to find our additional compounding points across 100 days for a wallet worth $10,000 at a compound rate of 0.189%.

The goal with compounding dollar days is to provide an additional reward for users who leave sums in Shell v2 for extended periods of time.

🧾 How to use:

1. Set up Metamask on a desktop browser if you haven’t already.

2. Connect to Mainnet Rinkeby.

3. Get Rinkeby ETH. Use a Rinkeby faucet while connected to Rinkeby with your Metamask wallet. Here’s one.

4. Visit the Arbitrum bridge. Your Metamask wallet must be connected to Rinkeby Test Network. Using the bridge, deposit your Rinkeby ETH (it will be sent to the Arbitrum Rinkeby network).

5. Add Arbitrum Rinkeby to your Metamask network list.

6. Connect to Arbitrum Rinkeby. You can now use the Shell v2 testnet.

7. To receive test stablecoins, use the ‘faucet’ tab and claim your allocation.

You can start using all of the new testnet features now.

That’s all for the guide. If you found it helpful, do hit the clap button and support our work 😊

telegram

https://t.me/+jELQQnPjww84MTBl