As we have been through on our previous part with the introduction of SEI Network to the Crypto market, its use-cases and the benefit it provides to all the Dex and Cex trading platform. Further on this 2nd part we will know :
It covers the work from the Sei Technical Team/Devs further those who are associated with this platform as the project partners, builders and the most importantly our most loved Moderators/Admins on the SEI NETWORK social platform, who are writing the SEI NETWORK success story with their communication skills within the community and by conducting each event successfully.
🏖 Sandbox Testnet
Over 50,000 active testnet users since the launch
Over 1,500 unique validators since the launch
🌊Seinami Incentivized testnet:
Seinami is a perfect opportunity for validators, developers, and traders to stress-test the product and give feedback. The Sei Community wants to work closely with the Cosmos community in order to shape and refine the Sei blockchain.
Seinami launched on July 11, 2022. There are over 2,000 validators on the Seinami testnet-chain
The testnet was consist of 4 acts where participants can earn points by completing testnet missions:
Act 1 is for testing validator setup workflow and tooling
Act 2 is for testing exchange and IBC functionality on Sei
Act 3 allows devs to build on Sei, identity bugs, and source improvements (Smart contracts and stress testing)
Act 4 is for testing governance and bug fixes
Seinami testnet goals include:
Securing the Network Testnet missions were created to test the usability and security of the Seinami Testnet. Sei wants to ensure that everything functions exactly as it is designed to.
Identifying and Rewarding Early Adopters
A network is only as good as the set of its validators. Sei aims to foster an innovative and involved set of validators for our mainnet. Sei is rewarding participants who strengthen the network, contribute to Sei’s codebase, and write documentation for the good of the community.
Refining the Product
Great products aren’t made in a vacuum. The Seinami Testnet is an opportunity for validators, traders, and developers to give feedback and improve Sei Network.
Seinami Incentivized Testnet is an opportunity for everyone (validators, developers, and traders) to test the product, work closely with the Sei team as well as shape and refine Sei. Once the testnet period is over, scores for all participants will be calculated. Token rewards will be distributed according to testnet points scored.
https://www.notion.so/1f3de71c76c24d4f862af936f0a5fe04
More information about specific Seinami Testnet missions may be found here:
https://medium.com/@seinetwork/seinami-incentivized-testnet-a66be6aa6650
⚙️ Protocols building on Sei
🌀Vortex
Vortex Protocol is a decentralized derivatives exchange in Cosmos, offering many of the same features that centralized exchanges provide (borrow lending, cross-collateral, and cross-margining) with even cleaner UX.
🚦Nitro
Nitro is the first Layer 2 scaling solution for Solana, serving as the gateway between Solana and Cosmos. Nitro is the first Solana VM chain, built on Cosmos as an optimistic rollup that features Sealevel Virtual Machine (SVM) compatibility. This enables developers to easily launch their Solana dApps on Cosmos and access IBC assets. Apps built on Nitro can leverage the powerful Solana VM while gaining interoperability that is native to IBC.
👁️🗨️Pharaoh
Pharaoh is a DeFi protocol powered by smart contracts on Sei that enables the creation of synthetic assets. Synthetic assets use price oracles to track the market prices of real-world assets in order to give traders unrestricted access to price exposure without the burdens of owning or transacting real assets.
🌉Axelar Network
Axelar is providing bridging services and acting as an interoperability layer for Sei.
This partnership will enable cross-chain messaging between IBC and EVM chains, and cross-chain vaults for structured product protocols that will allow users to deposit assets into vault protocols and access unique strategies on any Axelar-partnered chain. dApps building on Sei will be able to securely query the prices and market conditions of various cross-chain assets and asset classes (cross-chain synthetics).
💎Synthr
Synthr is a synthetic assets protocol that allows users to gain exposure to virtual and real-world assets without owning them. This will democratize access to “foreign” assets from other chains as well as assets from the traditional finance world. Synthr will offer minting Synthetic Assets, trading syAssets, SynthVault Yield Optimizers, Social trading, and stability pools. Partnering with Synthr to bring synthetic stocks, bonds, and derivatives to Cosmos.
⚫KYVE
KYVE is a decentralized data lake solution that enables anyone to upload and or access validated and permanently stored data in a streamlined manner. This partnership will enable Sei to have a scalable data lake that allows for secure and efficient querying and access to raw data while making it available on demand. Other opportunities involve immutability and data availability.
🐋White Whale
White Whale’s mission is to empower retail users and redistribute market influence from centralized entities to retail communities. White Whale aims to defragment liquidity in Cosmos by establishing cross-chain liquidity pools to encourage arbitrage with local DEXs, such as Vortex on Sei. White Whale’s liquidity pools will function as bot-focused AMMs, allowing their open-source trading bots to arbitrage with local DEXs.
🐸Leap Wallet
Leap is a cosmos-native crypto wallet, specialized for IBC chains that will be natively integrated with Leap. This integration with significantly simplify the wallet set-up process for new users on Sei. Users will no longer be required to manually add wallet extensions to interact with the Sei chain, instead, users will simply select Sei from Leap’s list of available chains. Leap will be deploying their wallet on the Seinami Incentivized Testnet, giving participants a new tool to complete testnet missions and help to secure the network. This integration aims to simplify asset management on Sei and across Cosmos.
🔼UXD
$UXD is a fully collateralized decentralized stablecoin backed by a delta-neutral position using derivatives. This is not only the first Solana protocol to deploy on Cosmos but also the first Cosmos-native stablecoin integration. This integration is a pivotal step for both UXD and Sei and will unlock many opportunities for DeFi in Cosmos.
🔵DeFund
DeFund is a cross-chain Decentralized Exchange Traded Fund Protocol (DETF) built with the Cosmos SDK allowing users to build diversified, autonomous funds and swap their fund tokens cross-chain, natively, utilizing IBC. This partnership enables Dapps built on Sei to create advanced financial instruments and trading strategies, such as dETFs.
⛓️Multichain
Multichain is the ultimate Router for web3. It is an infrastructure developed for arbitrary cross-chain interactions that will provide interoperability infrastructure for Sei. This partnership will enable users on Sei to transfer assets or to call smart contracts via cross-chain messaging. Plugging into Multichain’s growing network of 65 chains will provide Sei with access to thriving communities across web3.
Other list of protocols building on SEI are : Skip, Kado, Frontier, Alpha Venture Dao, Coin98, Cypher, Cargo, Andromeda, Paddle, Celer and 90+ more to be announced as Sei approaches mainnet.
Atlantis is a career growth program created by the Sei Community.
The first of its kind, Atlantis is a unique opportunity for everyone that is interested in Crypto and Defi to grow, develop and perfect their skills.
Starting from the same level, Voyagers (Atlantis’ participants) can choose anything they want to do, whether that's content creation, article/guide translation, writing documentation, creating TikTok or Youtube videos, or engagement with the rest of the Sei community. The Sei team encourages everyone to do what they’re most comfortable with and bring new ideas to the table!
The best thing about this program? Voyagers can level their way up to a full-time job in Web3!
The Sei team is there to offer full support during the journey, starting with the “Everything you need to know about Sei” document that has all the necessary information, content examples, a brand tool kit, a list of FAQs, links to the rest of Sei’s documentation and much more.
The program structure consists of 6 levels:
Seilor - Anyone that is currently in Discord and Telegram
Crew member - Seilors that are Level 7 in discord and have made explanatory posts/threads on Sei on Twitter.
Officer - Best Crew Members according to Officers.
Captain - Best Officers according to Captains.
Major - Best Captains according to Majors.
Admiral - Best Majors according to Admirals + Sei team (we’re all in this together :)
Opportunities and benefits
Each level brings unique opportunities and benefits that can be unlocked once a certain level is reached.
Sei refers to its emerging community as “Seilors,” as seen in clever aquatic branding content which plays with themes of depth and liquidity, and even spoofs Team Zissou. Sei’s marketing is streamlined for a savvy downtown-New York subway audience, while still reminiscent of the good old-fashioned early days of blockchain startups.
But with times the Team has built a massive achievements which reflects in the numbers updated every day. If you compare you will find out that how it started in the month of July-2022 and where its growth reached by the end of the December, “Just Incredible”
In order to encourage the community SEI NETWORK recently conducted 2 Events namely DAWN & DUSK with NFT giveaway for all the testers on the Network, which was a grand success, more than 1,20,000 participants were participated in the giveaway contest. It was a much hyped event nevertheless.
All the Mods and High Ranked Community members like Major, Captain, Officer they all have been extremely cooperative for all the community with all the Testnet understandings and tasks.
On the 2nd part of SEI NETWORK journey in 2022 we can observe, SEI as an Ecosystem keep growing with high stature, Devs are working hard behind the scene with Building, Updating and Developing the product everyday, while the management keep building the community and spreading the marketing all around the Crypto Globe. Another Big News around the market is that, SEI Network mainnet launch will be at Q-1 2023. Lets hope Sei Network will remain a huge success with their mainnet launching.
#seilors, #sei, #seinami, #seiyes, #seilorgang, #IBCseilors, #cosmos, #DeFi, #blockchain
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