# The Alpha Campaign: Liq Markets Phase 1 By [Pelagos](https://paragraph.com/@pelagos) ยท 2025-11-24 --- **TLDR:** We are launching our first Alpha Campaign with $1,200 in rewards over four weeks. Test Liq Markets - the first cross-chain orderbook built on Pelagos, showcasing real cross-chain trading between BTC-USDT without bridges, solvers, intents or gossip. Campaign runs for 4 weeks with weekly snapshots - $300 each week. Simple, controlled testing: request faucet once daily, place orders between 0.01-0.05 BTC. Starts Monday 8am GMT, weekly snapshots every Sunday 23:59:59 GMT. **Join here:** [](https://zealy.io/c/pelagos-liqmarkets)[https://zealy.io/cw/pelagos/questboard/df16a45c-38a1-479b-a1c8-9515723d44cb](https://zealy.io/cw/pelagos/questboard/df16a45c-38a1-479b-a1c8-9515723d44cb) * * * Alright, this is actually happening. After months of building Pelagos infrastructure, we finally have our first dApp to show you. And here's the cool part - we're running a $1,200 testing campaign over four weeks, and you get to be among the first to try it. **What is Liq Markets?** ------------------------ [LIQ Markets](https://liq.markets/) is the first orderbook that executes trades atomically across multiple blockchains without bridges or wrapped tokens. When you place an order, Pelagos simulates all legs across chains and either co-signs native transactions on every chain simultaneously or cancels entirely - no partial fills, no bridge risk. The Liq Markets delivers CEX-grade features including millisecond cancel/replace, deterministic queues, MEV protection, and sub-second order acceptance while letting traders keep collateral on their preferred chains. Your BTC on Chain A can fund perps on Chain B with settlement on Chain C, all in one click. **Why This Matters for Pelagos** -------------------------------- We built Pelagos to be the universal execution layer - infrastructure that lets developers create applications that work across all chains and L2s. Liq Markets is the first real validation of this vision. When independent developers choose your infrastructure to build something this ambitious, it means: * The technology actually works * The developer experience is solid * The infrastructure can handle production applications * Real innovation is possible on the platform **Join the Alpha Campaign** --------------------------- Ready to test the first dApp on Pelagos? Head to our Zealy campaign: ### ๐Ÿš€ [](https://zealy.io/c/pelagos-liqmarkets)[**Join the Campaign Here**](https://zealy.io/cw/pelagos/questboard/df16a45c-38a1-479b-a1c8-9515723d44cb) This link takes you directly to our testing campaign, where you'll help validate both Liq Markets and the Pelagos infrastructure powering it. **The Testing Campaign: $1,200 Over Four Weeks** ------------------------------------------------ We're coordinating with the Liq Markets team to run systematic testing: **Campaign Timeline:** * **Start:** Every Monday 9:00 AM GMT * **Week 1 Snapshot:** Sunday 23:59:59 GMT - $300 distribution * **Week 2 Snapshot:** Following Sunday 23:59:59 GMT - $300 distribution * **Week 3 Snapshot:** Following Sunday 23:59:59 GMT - $300 distribution * **Week 4 Snapshot:** Final Sunday 23:59:59 GMT - $300 distribution **WEEK 1 REWARDS - $300 POOL** ------------------------------ * 30 spots available * $10 per qualified tester * Simple quest: Faucet testing + Order placement * Perfect for beginners Weekly snapshots mean weekly rewards. Jump in any week and earn your share. **What You'll Be Testing** -------------------------- The Liq Markets team has set specific parameters for this alpha test: **Daily Quest:** * Request testnet tokens from faucet (once per day) **Trading on Liq Markets:** * Place a Limit Buy order: 0.01-0.05 BTC * Place a Limit Sell order: 0.01-0.05 BTC * Execute a Market Buy order: 0.01-0.05 BTC * Execute a Market Sell order: 0.01-0.05 BTC These controlled tests help both the Liq Markets team and Pelagos understand: * How the orderbook performs under normal conditions * Where users experience friction * How cross-chain settlement handles sustained load * What improvements are needed before scaling **Important Testing Guidelines** -------------------------------- **Respect the Limits** The Liq Markets team set specific parameters for good reasons: * Faucet: Once per day (ensures everyone gets tokens) * Orders: 0.01-0.05 BTC (maintains accessible testing) * No spam or stress testing (that comes later) **Document Issues** Found a bug in Liq Markets? UI confusing? Something not working? Document it. The team needs this feedback to improve before broader release. **Two Products, One Test** Remember you're testing both Liq Markets (the dApp) and Pelagos (the infra). Issues could come from either layer, and both teams need your feedback. **Pro Tips for Maximum Rewards** -------------------------------- **Be Consistent** Daily participation beats sporadic bursts. The Liq Markets team values reliable testers who provide steady data. **Engage with Both Communities** Join both Pelagos and Liq Markets Discord servers. Each provides different insights and support. **Think Like a User** You're not just testing technical functions. How does it feel to trade? What's confusing? What's surprisingly smooth? This feedback is golden. **Watch for Patterns** If something fails repeatedly at certain times or under certain conditions, that's valuable data. Document patterns, not just individual incidents. **Security Reminders** ---------------------- * This is testnet - tokens have no value * Only use testnet wallets * Access Liq Markets only through official channels * Never share private keys **Why This Is Actually Cool** ----------------------------- Look, we could hype this up with revolutionary language, but here's the reality: a team of developers looked at Pelagos, understood what it could do, and built something that shouldn't be possible - direct Bitcoin to USDT trading without bridges, solvers, intents or gossip. Now we need you to test it. Not break it (save that for later), but use it as intended and help both teams understand what works, what doesn't, and what needs improvement. **Campaign starts Monday 9:00 AM GMT** **Join at:** [](https://zealy.io/c/pelagos-liqmarkets)[https://zealy.io/cw/pelagos/questboard/df16a45c-38a1-479b-a1c8-9515723d44cb](https://zealy.io/cw/pelagos/questboard/df16a45c-38a1-479b-a1c8-9515723d44cb) **Weekly rewards:** $300 **Total pool:** $1,200 This is the beginning of the Pelagos ecosystem. Liq Markets is just the first dApp. By testing it, you're helping validate not just one application, but an entire platform where developers can build the impossible. Set your alarms for Monday. Prepare your testnet wallet. Join us in testing the first dApp on Pelagos and earning your share of $1,200 while you do it. See you on Liq Markets. Let's prove that native cross-chain trading without bridges, solvers, intents is here. --- *Originally published on [Pelagos](https://paragraph.com/@pelagos/the-alpha-campaign-liq-markets-phase-1)*