When we initially launched in summer/autumn 2024 on Arbitrum and Base, we could convince only one single arbitrage-bot partner to use our liquidity (for NABLA-AMM arbitrage).
Why? Nabla’s pricing was extremely competitive already back then. But integrating Nabla at that time was complex, and our TVL and volumes weren’t big enough to convince DEX aggregators to put the required work in.

Yet the initial traction was still strong. But as the arbitrage landscape became increasingly competitive, our partner focused on other parts of their business instead of doubling down on this niche. As an effect, their arbitrage bot generated less and less volume for Nabla. And additional integrations - especially with DEX aggregators - didn’t materialize.

Fast Forward to Today

The breakthrough happened with our Berachain deployment in August 2025. The reason: gas was so cheap on Bera, that (in combination with further optimizations) we could afford to push our prices onchain into every block. And this use of chain-specific onchain prices, instead of a generalized offchain price API, has dramatically simplified integrations. At the same time, the rise of similar Prop AMMs on Solana (like e.g. HumidiFi) gave us tailwinds and opened the doors to aggregator adoption more widely.

We first tested this new concept on Berachain, with Ooga Booga as DEX aggregator partner. More recently, we expanded to HyperEVM and Monad - and the results have been outstanding.

As of now, there are still just two DEX aggregators using Nabla as liquidity source (Ooga Booga on Berachain and HyperEVM, and 0x on Monad). Yet even with very modest TVL, Nabla already accounts for 10–25% of all their volumes on those chains.

This success has as well allowed us to finally switch on protocol fees in October - on Berachain and HyperEVM, 30% of the collected swap fees are now going to the protocol treasury (and are being used for biweekly buy-backs of $NABLA).

And this is just the start: we have a long backlog of incoming additional aggregator integrations in the weeks or months ahead.

What About Arbitrum and Base?

The onchain price model can come with significant gas costs, which has so far prevented us from rolling out the same changes on Arbitrum and Base. But now that the 0x integration on Monad is running smoothly, we’re ready to test the upgraded model on those two chains as well.

The outcome of this test - Backstop Pool profitability, Swap Pool APRs, and protocol fee generation (compared to the gas costs) will decide the future of the Nabla deployments there.

$AMBER Emissions Update

With a clear path towards sustainable volume growth and attractive organic yields, we are now phasing out $AMBER emissions for Swap Pools. In the future, $AMBER emissions may only be used here and there to reward Backstop Pool LPs on select chains.

Here are the changes:

• Base and Arbitrum Swap Pools:
  $AMBER emissions will end on Sunday 14th Dec 12:00:00 UTC

• Base and Arbitrum Backstop Pools:
  $AMBER emissions will for now continue until Thursday 1. Jan 00:00:00 UTC

• Backstop Pools (any chains):
  Future emissions may occur depending on pool performance and scaling needs.

Furthermore we have reduced the withdrawal delay times for BSP LPs to 14 days on all chains.

And yes - Season 2 of our $AMBER campaign has been running longer than expected. The challenging market environment and our earlier uphill battle played a large role in this. But we’ve now taken the decision: Season 2 will end at some point in Q1 2026, and there won’t be any further Seasons anymore.
So make sure to accumulate as many $AMBER as you can until then!

What’s Ahead in 2026

The next 3-4 months will be all about scaling volumes and fee earnings with additional liquidity taker integrations. After that, we’ll expand to new chains and release new asset pools. This phase is about serious growth, not incremental tuning.

That said, we have a long roadmap of improvements queued for later in 2026. For Q2, this i.e. includes:

• further pricing-engine optimizations (for further improved BSP profitability)

• reactive swap fees (for further improved BSP profitability)

• the second stage of our tokenomics rollout (incl. LP APR bonus for stakers)

2026 is going to be super-exciting - and we hope you’ll be on this journey with us!

Addressing Core DeFi Inefficiencies

Decentralized exchanges (DEXs) handle billions in daily volume, but growth is often hampered by challenges for liquidity providers, namely impermanent loss and inefficient capital allocation. Nabla’s protocol directly addresses these issues by using active pricing to hyper-concentrate liquidity, a design that maximizes capital efficiency and minimizes LVR (loss vs. rebalancing), allowing the protocol to even capture value from onchain arbitrage. As the DeFi landscape continues its multi-chain expansion, the need for robust and efficient AMM infrastructure is critical, and Nabla is positioned to meet that demand.

A Partnership to Fuel Growth

This strategic partnership will help fund our next phase of development, focusing on:

• Multi-Chain Expansion: Starting with an integration on HyperEVM.

• Expanded Asset Support: Introducing a wider range of digital assets.

• New Integrations: Forging key partnerships with new liquidity takers to deepen our utility.

Building with a Long-Term Vision

We are excited to build lasting partnerships with both Heliad Crypto Partners, a new long-term supporter, and Solarpunk, whose trust and support have been invaluable.

Underscoring their commitment, the purchased tokens are subject to lockups ranging from five to ten months. Both partners will also provide significant liquidity to our swap pools on existing and future chains, actively fueling our growth.

Our partners share our optimism for this collaboration:

"We are impressed with the vision and execution of the Nabla Finance team. Their innovative approach to DeFi infrastructure is a more than welcome advancement as we are moving towards a multi-chain future. We are excited to become a long-term partner and to be able to support their expansion by providing both investment capital and onchain liquidity to accelerate their growth." - Christopher Garlich, Heliad Crypto Partners.

"I've followed Nabla from day one and am consistently impressed. Their novel AMM has already handled over $100 million in volume while reducing the opportunity cost of LPing by up to 95%. The ability to generate high yields from efficient swaps is a testament to their strong protocol design, and I am excited to deepen my support." - Meinhard Benn, Solarpunk.

Our Commitment to the Community

Our commitment to Nabla's long-term success is unwavering. To align with this new chapter, the Nabla core team is voluntarily pausing team token vestings for the next five months.

At the same time, the Nabla DAO is moving towards self-sustainability with its first governance proposal: introducing protocol fees to build a consistent income stream for the DAO treasury.

This investment is a vote of confidence in our technology, our community, and our multi-chain vision. We're building for the long term, and this is just the beginning. Stay tuned for more updates as we expand.

Nabla has officially launched LP Staking, marking the transition to fully permissionless points distribution. This new system enables LPs to maximize their earnings through a streamlined, user-friendly process. When providing liquidity to Nabla pools, users receive ERC-20 yield-bearing LP tokens, which can now be staked to earn $AMBER2 points on top of their automatic yield deposits.

Starting February 10, 2025, at 12 PM UTC, $AMBER2 emissions will begin automatic distribution. It's crucial to note that earning these points requires active staking of LP tokens – there's no passive earning without staking. The system offers complete flexibility with no lock-up period, allowing users to unstake and withdraw their liquidity at any time. For the transition period, LPs had a 5-day window to stake their tokens before the automatic point earnings begin. Any $AMBER2 emissions accumulated between TGE and February 10 will be distributed early March

Since TGE, the $NABLA token has reached several key milestones that strengthen its market position: 

• Official labeling on Basescan, enhancing $NABLA visibility and verification 

• Successful listing on CoinGecko for broader market exposure

And that’s it about $NABLA.

The launch of our Meme Hub is to diversify yield sources for our LPs. The current active pools for popular memes are: 

• $DEGEN: High-activity pool with competitive yields

• $MOG: Expanding liquidity opportunities

• $BRETT: The latest addition to our meme token ecosystem

Speaking of analytics, we introduced the Excess Liquidity Graph to provide LPs with detailed analytics tools, enabling data-driven decisions for optimal position management and enhanced yields. This graph showcases the profitability of the protocol independently from yield pool liquidity, offering insights into how excess liquidity impacts overall returns. By leveraging this tool, LPs can optimize their strategies and maximize their earnings without solely relying on yield pool liquidity.

Additionally, there’s a new, enhanced analytics suite which includes:

1. Detailed PnL graph for the BackStop Pools

2. Real-time performance tracking and analysis

Recent technical protocol enhancements include:

• Optimized indexer performance for faster data processing

• Improved API response times for better user experience

• Enhanced data architecture for scalability

• Streamlined integration processes for future partnerships

The integration with propellerheads is progressing steadily, focusing on substreams and interface enhancements. This partnership will enable solvers to access Nabla pools efficiently, driving higher volumes and improved APRs for LPs. 

Note that we take protocol stability & security seriously. Before each new feature is shipped, we rigorously test all system components involved, while continuously auditing processes and contracts.

Over the past six months, Nabla has achieved significant growth and profitability. Since mid-August, we organically earned $50,000 with an average TVL of $500,000, equating to an impressive 20% organic APR.

Since launch, our swap volume has reached a total of $82 million, with approximately $63 million on Arbitrum and $19 million on Base. Our Dune Analytics dashboard provides more detailed analytics.

Since inception, Nabla LPs have earned around $40,000 in fees from Swap Pools. Approximately 60% of these fees went to Swap Pool LPs, while 40% benefited Backstop Pool LPs. Additionally, Nabla BSP LPs have profited from around $10,000 in inventory profits, translating to an organic APR of around 20% for each dollar deposited into Nabla.

Moreover, our LPs have enjoyed substantial additional rewards in $AMBER/$NABLA tokens, achieving an overall yield of over 40%, which is now stabilized at 15-20%.

On 23rd February, Nabla went live on Monad testnet and users have been swapping & providing liquidity to pools with test tokens (wETH, wBTC, USDT, USDC) from our faucet. Additionally, Nabla is part of the Monad ecosystem and you can check us out in the directory. To use Monad testnet on Nabla, you need test tokens from the “🚰. Monad faucet” channel in our Discord. You have to pass human verification to get access. Then head over to Nabla Dapp, switch the network to Monad and start testing!

What an incredible week we've had! From wrapping up our Fjord sale in less than a minute to completing the TGE and distributing our Airdrop, it's been nothing short of monumental on the Planet.

We have a lot to share, but let's take a closer look at some of the milestones we've had so far and celebrate them together.

1. $NABLA sale on Fjord Foundry

We did it! In under 90 seconds, our public sale on Fjord Foundry sold out with $300,000 raised at a fully diluted valuation (FDV) of $6 million. 

This milestone proves our community's vote of confidence and excitement on our mission to redefine DeFi for liquidity providers—and we can’t thank you enough for being part of this journey until now.

So, what's next?

Funds raised from Fjord will power our progress on our roadmap. We'll integrate more with aggregators and solvers, unlock even more yield opportunities for LPs, and ensure Nabla's growth is sustainable and unstoppable.

2. Token Generation Event (TGE)

The $NABLA went live on December 9, 2024, at 6 PM UTC, and here’s what you need to know so far:

1. Advisor token vesting contracts were set up on Sablier to ensure transparency and structure.

2. SAFT Holders and Fjord Participants tokens were distributed and 100% unlocked at launch.

3. Our community Airdrop saw over 15,000 wallets receive 30M fully unlocked $NABLA tokens, corresponding to 3% of the supply. 

4. We have over $450,000 ($150k in WETH and $300k in $NABLA)  to ensure smooth swapping.
   

3. $NABLA Airdrop: Rewarding Our Community

Imagine waking up to find $NABLA in your wallet(100% unlocked). That's exactly what happened to 15,000 Nablans! We airdropped all the tokens, and saved our community the hassle of claiming. This is our little way of saying thank you for your support and early adoption. The most exciting part is that most of you are hodling, because we all know $6M FDV is just scratching the surface.

4. TVL, Volume Growth, and Token Utility

Nabla Planet is buzzing, and the metrics prove it. In the last seven days alone, we’ve had over $8.5  million in swap volumes. 

The $NABLA token powers our ecosystem and will soon support staking. Holders will earn $sNABLA through staking for governance voting and other protocol activities.

Stakers will also receive 20% of external incentives from token issuers, with rewards dynamically adjusted based on staked amounts, boosts, and available liquidity incentives.

You can get complete details about this from our official documentation.

5. $NABLA Swaps

Use Aerodrome directly or DeFi/DEX aggregators to swap $NABLA . Our official pool is ONLY available on Aerodrome.

Be cautious of unofficial pools and fake contract addresses out there. Always cross-check using the link below before making any swaps.

Check on Dexscreener

🔗 Official Contract Address

6. Increased the pool caps on Arbitrum.
   You can read the announcement on X:

   

   Nabla Finance

   @NablaFi

   

   Heads up, Nablans!
   
   Liquidity mining Season 2 which started on Dec 6, will use $AMBER S2, a new token for points.
   Pool caps on Arbitrum have been increased for $WBTC, $WETH, $ARB, and $USDC.
   Backstop pool point emissions have been updated to 15,000 (Arbitrum) and 5,000…

   

   30

   5:10 PM • Dec 13, 2024

The Fjord sale, TGE, and Airdrop were just the beginning. Here are more things to come that we are currently working on:

• Launching a "Meme Hub" with initial pools for MOG and DEGEN (and hopefully soon, BRETT) on Base.

• Displaying the protocol TVLs in our Website UI.

• Releasing LP token staking to automatically earn $AMBER rewards (no more manual calculations and send-outs).

• Integrating Propellerheads to give solvers easy access to Nabla pools, which should boost volumes and APRs.

We hope to complete all these before the Christmas break. Gnabla!

We are a community-owned project started in 2022 by a bunch of DeFi nerds based on an idea to eliminate the complexities of onchain liquidity.

🚫 Paid KOLs to dump on you
🚫 Big VC allocation: Our only VC is Smape, and they joined the “angel round,” not the other way around
🚫 Bullsh*t

✅ Team members from three continents
✅ Community members and volunteer mods/guardians from all over the world
✅ "Real-yield" that feels like out of this world

Our yields rank among the TOP 5 for the "no-IL" "single-asset" category on Defillama.

Nabla features single-asset pools, and the yield of the pools is generated by the hyper-efficient Nabla AMM. The AMM uses oracle-informed pricing to frontrun the price on other AMMs.

So both arbitrageurs and traders get the best and fastest price, and also, the pools are protected from Impermanent loss (IL) / Loss-versus-Rebalancing (LVR).

Nabla Pools are:

• Single-sided, and depositors receive a fungible yield-bearing version of their asset that can be reused in DeFi.

• Protected from risks thanks to an insurance pool, aka the Backstop Pool.

Nabla AMM:

• Sets the price of the assets using a combination of high-frequency oracle, a volatility protection mechanism (EV:GO), and custom slippage curves. This results in a more than 95% reduction of IL/LVR.

• Achieves the highest possible capital efficiency by concentrating liquidity within a few basis points around the market-fair price at all times.

1⃣ Launched on Arbitrum and Base with six liquidity pools.
2⃣ $6M-$12M weekly swap volume with $700k TVL.
3⃣ Already generates the best yields for the listed assets as seen on Defillama.
4⃣On Nov 28, we launched one of the first yield-bearing meme tokens $naDEGEN.

We always raised only as much as we needed to reach the next milestone, showing progress at each stage before raising the next small round.

Nabla Finance received a $100k incubation budget from Satoshipay in 2022. This was followed by three funding rounds at these valuations:

• Angel Round 1: $315k raised at $6M FDV (Aug 2022)

• Angel Round 2: $150k raised at $10M FDV (Dec 2023)

• Community Private Presale: $210k raised at $20M FDV (May 2024)
  
  We planned a low FDV Fjord sale, but that would make our earlier rounds less favorable. So we thought: f*ck it, let's make this as close to a fair launch as possible. We want our entire community to benefit from an attractive entry and go on the ride with us.
  
  After discussions with our early backers, we agreed to align all previous rounds to match the Fjord round at $6M FDV.
  
  

  

The sale is curated by an official curator, Bob the Rebuilt, vetted by the Fjord team, which conducts due diligence on the team and product.

• Hard Cap: $300,000

• Supply for sale: 50,000,000 $NABLA (5% of the supply)

• Price per Token: $0.006 per $NABLA

• Token Release: 100% at TGE

• Date: December 4-7

• TGE: Latest 7 days after the sale ends

• Sale Network: Base
  

  Visit Fjord Foundry

  
  

  

40% of the sale proceedings will be deposited to Uniswap for liquidity a maximum of 7 days after the sale concluded.

• Token Sale Page

• Deck

• Tokenomics

• Defillama

• Debank

• Farcaster

Nabla AMM is around TOP 15-20 protocols with 24 hours swap volume the week it launched.

Thanks to volumes of the AMM, Nabla Finance become the number one protocol for cbBTC organic yield according to Defillama. Since our liquidity pools are single-sided and no-IL, we compete mostly against lending protocols or yield protocols but not other AMMs.

Besides organic yields we allocate onchain $AMBER points to LPs.

You can read about point allocation here: https://docs.nabla.fi/amber-tokenized-points-program/mainnet-alpha-rewards

Let's break down the 4 phases in which the launch will happen!

First Phase: The Backstop Pool (BSP) Launch.

This will be the initial phase; only the Mainnet Alpha NFT holders can provide liquidity in the BSP with a personal cap of 10k USDC. The BSP holds Native USDC and has a total TVL cap of 100k.

This pool will be the most rewarding. See the rewards here.

BSP deposits are subject to a 60-day 30-day wait period for withdrawals. This means you must wait for the 60 days to expire before you can withdraw the BSP assets.

If you decide to change your withdrawal amount during the wait period, this will reset the timer.

Second Phase: The Launch of Swap Pools' Deposits

We'll launch the swap pools after the BSP's TVL hits 50k.

There are no personal caps for the swap pool deposits as long as the pool isn't full, making them an excellent choice for LPs with a lower risk appetite. There are 5 swap pools:

WETH ( 0x82aF49447D8a07e3bd95BD0d56f35241523fBab1 )

Native USDC ( 0xaf88d065e77c8cC2239327C5EDb3A432268e5831 )

USDT ( 0xFd086bC7CD5C481DCC9C85ebE478A1C0b69FCbb9 )

ARB ( 0x912CE59144191C1204E64559FE8253a0e49E6548 )

WBTC ( 0x2f2a2543B76A4166549F7aaB2e75Bef0aefC5B0f )

You can withdraw swap pool assets anytime.

For the first three days, NFT holders will have exclusive access to deposits. This is your opportunity to get in early and secure your spot! 💪

If we don't hit the pool caps in 3 days or decide to increase them, the whitelist will expand to the waitlist.

Third phase: Swap Access for the Partners.

Initially, swaps will only be available to our strategic partners.

We’ll fine-tune the trading parameters during this time to ensure everything runs smoothly.

Fourth Phase: The NFT Holders are able to swap

After two weeks, swaps will be open to "Mainnet NFT holders."

This is your chance to boost your points and get the most out of your rewards!

One thing to remember is that you are aware of both the risks and the benefits.

Check this article to learn more about risks and benefits:

https://docs.nabla.fi/mainnet-alpha-on-arbitrum/risks-and-benefits-of-being-a-mainnet-alpha-lp

If you have questions, listen to the recent Mainnet Alpha Twitter Space

As a multichain platform, we are designed to operate on any EVM-compatible network. When deciding on the first chain to launch our Mainnet Alpha, we closely tracked both Base and Arbitrum ecosystems, focusing on the respective trading volumes for the assets Nabla will support.

While Base has seen growth in areas like memecoin trading, which is not a match for Nabla, we haven't observed the expected growth in trading volumes for our targeted assets (stables, LRTs, RWAs, and yielding assets).

In contrast, Arbitrum has demonstrated significantly higher daily trading volumes (>>$10m) for all five of our initially supported assets, compared to Base, where none of these assets see a daily trading volume of >$10m so far.

This stark difference led us to conclude that launching our mainnet alpha test phase on Arbitrum is the best choice. 

We solely focus on generating high swap volumes for the initially listed assets to battle-test and fine-tune our pricing algorithm before listing other assets with lower trading volumes but additional liquidity incentives from token issuers.

Still, as a multichain platform, we consider launching on Base after the Mainnet Alpha phase once this elaboration is done. The decision to start with Arbitrum was just made to determine the first chain for our launch.

If you participated in our previous testnet phases on Ethereum Sepolia, Base Sepolia, or Arbitrum Sepolia, you're eligible to mint the Mainnet Alpha NFT on Galxe. 

This NFT grants you exclusive privileges within the Nabla Finance ecosystem, including providing liquidity to our swap pools and the Backstop Pool before anyone else.

Mint here: https://app.galxe.com/quest/NablaFinance/GCuVTtvhTM

Please note: while the NFT is transferable, you can only use it with one wallet. Once you provide liquidity using a specific wallet, you cannot use the NFT with another wallet.

We have outlined a four-step plan for the Mainnet Alpha rollout, starting with the launch of the Backstop Pool in early August, followed by the Swap Pool launch.

Initially, we will only grant swap access to select partners. Around 2 weeks after swaps are enabled, we will extend access to the Mainnet Alpha NFT holders.

This phased approach ensures a controlled and stable launch, maintaining the system's integrity and security. More details will follow before the Mainnet launch.

We understand that some community members may be eager to participate but haven't had the opportunity to engage with our testnet. Don't worry! 

We have you covered. You can join the Mainnet Alpha NFT waitlist and be whitelisted three days after the Swap Pool launch, provided the pool caps haven't been met or if we increase the caps.

We encourage you to thoroughly assess the risks and benefits of participating in our platform and make informed decisions based on your financial goals and risk tolerance.

This is just the beginning of an exciting journey as we bring Nabla Finance to the world. We are incredibly grateful for your continued support and can't wait to start on this next chapter together. 

Stay tuned for more updates, and get ready to experience the future of DeFi on the Nabla planet!

In collaboration with Monad, Nabla aims to unite our dynamic communities through inspired artwork and captivating storytelling. This quest celebrates the power of community and the magic of creativity.

From July 26th to August 11th, Nablan and Monad citizens are invited to create content that intertwines the unique elements of both cultures.

Whether you're a storyteller, artist, meme-lord, or creative mind, we invite you to embark on this creative journey—we want to see all the magic and talent! 🧝

The categories are:

1-Lando & Monanimals

2-Stargate Meme Video

Participants will have the opportunity to earn $AMBER onchain points and claim the revered Alchemist role on Nabla’s Discord. 

1-Lando & Monanimals: Show us your creations featuring both Lando and Monanimals. Your creation can be in any format, including static image, GIF, or video. 

• Up to 20 chosen creators will each receive a bounty of 2000 $AMBER.

• 1-3 creators will be elevated to the rank of Alchemist 

How to qualify:

1. Your creation should contain both Lando and at least 1 Monanimal.

2. Post your masterpieces on Twitter with the hashtag #LandoGoesMonad.

3. Mention  @NablaFi and @Monad_xyz  so we can see your brilliance.

4. Your creations should be original and created by you or prompted to Gen AI by you.

Need inspiration? Check out those creations from our existing Alchemists.

• 

  Saddamovic ⨀ (evm/acc)

  @SaddamWeb3

  

  gmonad

  

  169

  5:59 PM • Jul 14, 2024

  

  🇫🇷 DOCTEUR

  @JackBack47

  

  @NablaFi X @monad_xyz
  
  #LandoGoesMonad

  

  1

  1:44 PM • Jul 26, 2024

2-Stargate Meme Video: Cut, paste, edit, polish, and make this video relevant to Nabla and Monad. You can upload the output video to X.com. If you prefer to upload it to YouTube, don’t forget to tweet the YouTube link and the competition hashtag and mention us.

• Up to 3 creators will each receive a bounty of 2000 $AMBER.

• One creator will be awarded the rank of Alchemist. 

How to qualify:

1. The output video should be between 15 seconds and 2 minutes duration.

2. Your creation should contain at least 1 Monanimal

3. Post your masterpieces  on Twitter with the hashtag #LandoGoesMonad

4. Mention  @NablaFi and @Monad_xyz  so we can see your brilliance!

5. Your creations should be original and created by you or prompted to Gen AI by you.

A council of Monad and Nabla community judges will sit to pick the most captivating creations, so give it your best shot!

The submissions will close on August 11th at 2 p.m. UTC, and the chosen ones will be revealed by August  16th. 🔥

Update: Arbitrum Sepolia Testnet is extended to the 22th of July 00:00 UTC

Nabla continues progressing toward feature completeness, and the Testnet Beta is now live on Arbitrum Sepolia. Like Testnet Beta on Base , participants can earn 1000 $AMBER points for completing tasks and an additional 1000 points for being in the top 10 in profits for the PnL reward.

Tesnet Beta aims to test the AMM's features and welcome new users from the respective chains.

With this testnet deployment, we introduced a new Backstop pool(BSP) withdrawal feature.

We introduced a "wait/delay period" BSP withdrawals. For the Testnet, the delay is set to 3 hours. After the wait/delay period expires, the "claim period" starts, set to 72 hours for the testnet. If you fail to withdraw during the claim period, you need to initiate the delay period again. Read more about this feature here.

The communities and token holders below are included in the allowlist for minting the Tesnet Beta access NFT on Arbitrum, which is distributed on Galxe.

• veANGLE or sdANGLE on Ethereum

• USDA, stUSD, EURA, stEUR > 250

• weETH or ezETH or rsETH > 0.1 on Arbitrum

• weETH or ezETH or rsETH on Pendle Finance on Arbitrum

• Camelot’s xGRAIL > 0.3 on Arbitrum

Please note that you can participate in Testnet Beta only on a single chain and can't be rewarded for the second.

After minting the NFT, you can get the "Tesnet Beta - Arbitrum" role from Nabla's Discord's "collabland-join" channel.

Starts: June 17th 00:00 UTC

Ends: July 18th 00:00 UTC

Rewards are distributed per task as described on the docs.

Access NFT(soulbound): https://app.galxe.com/quest/NablaFinance/GCoidtgSpb

Smart contract addresses: https://docs.nabla.fi/developers/contract-addresses-and-details/nabla-testnet-beta/arbitrum-sepolia-contract-addresses

Arbitrum Sepolia ETH Faucet: https://www.alchemy.com/faucets/arbitrum-sepolia

Nabla Finance App: https://app.nabla.fi/

Testnet Tasks: https://docs.nabla.fi/incentivized-testnet-beta/testnet-beta-tasks

Nabla's Incentivized Testnet Beta will be deployed to 3 different test chains, starting with Base Sepolia. The "Base Sepolia" app can be tested by Testnet Beta NFT holders.

• Each testnet chain deployment is limited to 600 testers.

• Testnet beta on Base will run until June 3rd 10th, 2024, at 9 AM UTC.

The testers must perform at least one testnet task, and each task is allocated a specific $AMBER points. Testnet Beta tasks and corresponding points are described on our docs: https://docs.nabla.fi/incentivized-testnet-beta/testnet-beta-tasks

The wallets included in the allowlist can mint Testnet Beta NFT. The allowlist will launch with a few communities and be expanded every few days with new communities.

Initially, the below communities are included in the allowlist:

1. veAERO (locket $AERO) holders on Base

2. Degenscore beacon holders on Ethereum

3. TOP 10,000 $DEGEN holders that have a connected Farcaster account

4. Onchain Gaias or Based Punks NFT Holders

5. fBOMB holders on Fantom and Base or Millenium Club (MCLB) holders on Fantom

6. Competition and Raffle winners

We will announce the next communities being added to the allowlist as we do.

The minters will get the "Testnet Beta Participant" role on Nabla's Discord. We will send test tokens in bulk, and role holders will be able to request test USDC from a faucet channel.

There are 2 $AMBER point categories for the Testnet Beta:

1. Task completion based: As shown in our docs the testers will earn points for each task.

2. There is a PnL reward for the TOP 10 users with each chain: The reward is 1000 $AMBER for each TOP 10 users with the most USDC value. To be eligible for the PnL reward, the tester will need to:

   1. Close all LP positions, including the backstop pool

   2. Swap all test tokens back to USDC before the end of testnet on that chain (3rd 10th of June)

   3. Whitelisting for Mainnet Alpha

Receiving additional testnet assets from other users will disqualify the user from the PnL reward. The testers with the most USDC will earn the PnL rewards.

Good Luck! WAGMI!

The Nablans were relentless in testing our platforms. Thanks to everyone chipping in!
Let’s quantify the immense efforts you contributed to battle-hardening Nabla.

• Nablans that did not complete all tasks fully got $AMBER nonetheless.

• Therefore, we distributed $AMBER to over 13.000 participants.

• The $AMBER allocation for the testnet alpha has been increased from 3mil to 7mil.

We are applying all learnings to navigate through the upcoming testnet beta. Thanks again!

Mission complete! 

The Beta phase will start around mid-April. Testers will be sourced from various communities that can benefit from Nabla, bringing down the cost of trading and LPing.
If you participated in the alpha, there is no need to join the beta.

The plan includes:

• Limited spots available to seasoned DeFi users

• Battle testing new security measures

• Increased pool caps

• Re-auditing improved Backstop pool contract logic

$NABLA Pre-sale

Nabla hosted a Pre-sale for $AMBER holders, with rife participation. Let’s review the process:

• Participants minted a soulbound NFT to be eligible for the pre-sale

• Participants registered interest and indicated their contribution size via a form

• Passing KYC was the last step before becoming eligible

On April 31st, the hardcap of $200.000 was met. Milestone unlocked!

The Nabla team ran an AMA on Discord, answering community questions and breaking down the ideas behind the protocol.

Uploaded to our new YouTube channel. Make sure to subscribe, like and comment for good karma.

Check the recording below 👇

Did you miss the AMA? Have pressing questions?

On May 6th, Product & Strategy lead Aaron is joining Monad for a chat. Save the date!

Nabla Finance

@NablaFi

Gmonad Nablans!
Nabla's Product & Strategy lead, Aaron, is joining Monad Mondays on @monad_xyz X Space!

Hosts: @billmondays @FitzYap

May 6, Mon, 3:00 PM UTC


10 listeners will win a whitelist for Nabla's Testnet Beta
Eligibility details on…

41

8:39 AM • May 2, 2024

Our engineering team has made huge strides to improve Nabla.
Let’s break down the achievements:

• Adjusted Poolcaps: The protocol can accommodate higher TVL.

• Gas Optimisation: Interacting with Nabla contracts now comes at a reduced gas cost.

• Bug fixes: Testnet alpha bugs won’t enter orbit with us.

• Subgraph optimization: Tracks activity more efficiently - thanks to testers for breaking it!

Want to look deeper into the tech-side of things?
Check out our notion page, detailing our engineering efforts in greater detail:

Make sure to stay connected. The best is yet to come. Onwards 🫡

Follow Nabla:

⚠Beware of Scammers! Nabla Team won't DM you or send any links.

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A) If you had 550 or more points from the required tasks, you are eligible for $AMBER points equal to their total points

B) If you had 400-550 points from the required tasks, you are eligible for $AMBER points equal to their points ONLY if you had both deposited AND withdrawn liquidity to the swap pools.

C) If you had below 400 points from the required tasks, you are eligible for 200 $AMBER points ONLY if you did ALL below tasks:

1. Swapped

2. Deposited liquidity to the swap pools

3. Deposited liquidity to the backstop pool

Remember that if you have earned $AMBER from Weeks 1-2, you can not win $AMBER from Weeks 3-4. Also, winners must be on the participant whitelist(Galxe Quest Finishers) to be eligible for the rewards.

You can check the final results on notion and the grading on this Google Sheet.

You will not receive a response if you have filled in the Google Form to review your results because this update considers all the requests.

The $AMBER allocation of the Testnet Alpha has increased to 7.5M, and more than 6.5M has been allocated for the Pythians who meet the above requirements.

Claiming OAT as a $PYTH staker will not be sufficient to receive rewards as written several places including the first campaign tweet. Only users who interact with the protocol and meet the above requirements are rewarded.

As the name suggests (alpha), the product was imperfect due to some contract or indexer issues, especially in the campaign's first two weeks. We allowed the participants from Week 1 to continue their unfinished tasks in Week 2. The same applied to weeks 3 and 4.

However, we needed to redeploy all the contracts except the test token contracts to fix some critical issues. This meant that Week 3 started with a pool reset. This was not a problem as the campaign setups of the first two weeks(FCFS) and the last two (raffle) were different.

Changes to campaign setup

Out of 13k participants, ONLY ~500 completed all the required tasks. Firstly, it will be unfair to reward only 500 users. Secondly, neither FCFS nor the raffle appeared to be a suitable setup to reward the majority of the participants.

We decided to reward more users, not only those who completed all tasks. How could we reward as many test users as possible?

We decided to give each task $AMBER points and reward as much as Nablan possible based on their results.

As we decided to reward more Nablans, we needed to increase the total reward amount.

We increased $AMBER allocation from 3 to 7 Million!

How are rewards calculated?

Tasks are graded by points as follows

1. Do at least 3 swaps: 100 $AMBER

2. Add liquidity to 3 Swap pools(SP): 150 $AMBER

3. Withdraw liquidity from SPs: 150 $AMBER

4. Add liquidity to the Backstop Pool(BSP): 150 $AMBER

5. Withdraw liquidity from BSP: 150 $AMBER

6. Redeem SP LP shares via BSP: 250 $AMBER

7. Withdraw BSP liquidity via excess SP: 250 $AMBER

8. Swap into a depleted pool (bonus task): 100 $AMBER

We've declared tasks 1-7 required, and 8th is the bonus task.

We applied below limitation:

For Weeks 1-2: The user must get at least 400 points out of 1200.

For Weeks 3-4: The user must get at least 550 points out of 1200.

Please remember under the standard campaign terms "all tasks" were required. So we are loosening the requirements in favor of the majority.

We applied these rules and calculated the rewards of the eligible users.

You can check the testnet rewards by searching your wallet: Testnet Results.

Check task details here: https://docs.google.com/spreadsheets/d/1l6FVO67xqYICk_l_Eeb0Ac0dvUKH-8nbwyu0zKDj6t8/edit?usp=sharing

8056 testnet participants out of 13123 appeared to be eligible for rewards. This is ~61%, literally "the majority," as we intended.

Please also remember that the testers not whitelisted for rewards are excluded.

The list does not include the Feedback Bounty rewards. 33 users are eligible for the feedback bounty reward of 500 $AMBER each. You can check here.

PGE (Point Generation Event)

The minting of $AMBER is done on the day of the leap year, Feb 29 2024 on Base L2. The max supply is limited to 100M and fully minted. You can add $AMBER to your wallet with the information on our docs.

Distribution

The amount that will be dropped will include all the past campaign rewards, including Galxe or Zealy, in addition to the testnet alpha reward.

$AMBER distribution will be done in batches between Feb 29 and Mar 10.

Appeal

If you think you completed the required tasks and got whitelisted but could not find your wallet address in the list please fill out this Google Form. Make sure you check the detailed task sheet.

PS: Beware of Scammers. Nabla Team won't DM you or won't DM you any links. You can check our official channels on linktree.

The Testnet Alpha, being the first public testing of the product, focuses on the core features, their functionality, and UI/UX. The Testnet Beta will concentrate on stress testing, security edge cases, and security-related bug bounties.

Testnet Alpha will run four weeks from Jan 24 to Feb 19 on the Ethereum Sepolia.

Incentivized Testnet Alpha Dates

Week 1: Jan 24, 11 AM UTC - Jan 28, 11 AM UTC
Week 2: Jan 31, 11 AM UTC - Feb 4, 11 AM UTC
Week 3: Feb 9, 11 AM UTC - Feb 12, 11 AM UTC
Week 4: Feb 16, 11 AM UTC - Feb 19, 11 AM UTC

Whitelisting Criteria

We ensure a fair chance for everyone to participate in the testnet campaign. To prevent Sybil attacks, we have implemented several measures. 

1. Any member of the Nabla community can apply to be whitelisted (to receive test tokens) by completing social quests (Galxe, etc.) OR,

2. You can apply as a "tester" using this form if:

   • If you hold a minimum of $5000 valued assets or,

   • If you have a referral code.

All the details about our whitelisting criteria can be found here.

Applications for new test users will be accepted up to the following cutoff dates for each week:
For Week 1: Until Jan 23, 11 AM UTC
For Week 2-4: Until Feb 17 18, 11 AM UTC

The whitelisted participants will receive test tokens on those dates on the Ethereum Sepolia network.

Finally, by participating in our Social Campaigns and our Testnet, participants agree to respect our Community Guidelines and the fundamental principles of the Berlin Code of Conduct.

Testing

Testing participants will be asked to complete tasks, such as swaps or liquidity provisioning, using the provided test tokens. Detailed task descriptions can be found here. 

Tokenized Point Rewards

Participants will earn points through the "$AMBER Tokenized Points Program". For Testnet Alpha, 2 million $AMBER points are allocated up to 2000 participants. Each week features a distinct reward allocation and method for selecting winners: First-Come, First-Served (FCFS) or by raffle.

Week 1: FCFS for up to 500 participants and allocation of  450,000 $AMBER
Week 2: FCFS for up to 500 participants and allocation of  450,000 $AMBER
Week 3: Raffle for up to 500 participants and allocation of  450,000 $AMBER
Week 4: Raffle for up to 500 participants and allocation of  450,000 $AMBER

If a participant is found to have breached the Berlin Code of Conduct, serving as a basis for our Community Guidelines, his rewards will be redistributed to the other qualified participants.

Feedback & Bug Bounty

Participation in the Testnet does not require providing feedback. However, high-quality feedback is encouraged and will be rewarded. Up to 200,000 $AMBER will be distributed as rewards for qualified feedback and reported bugs, based on the quality and severity of the issues. The rewards are allocated for useful feedback that hasn't been previously reported.

Please use this form to provide feedback.

Eligibility for Rewards

Here's a breakdown of the criteria:

1. Add Liquidity:

• Participants must add liquidity to at least 3 swap pools (SP) and the backstop pool (BSP).

2. Withdraw Liquidity:

• Participants must withdraw liquidity from the SPs.

• Participants must withdraw liquidity from the BSP.

3. Withdraw using LP Tokens:

• Participants must withdraw from the BSP using the SP’s LP token.

• Participants must withdraw from an overfull SP using BSP’s LP token.

4. Complete Swaps:

• Participants must complete 3 or more swaps.

Please check out more about the tasks here.

In an FCFS rewards system, participants who have completed all these tasks will be prioritized over others. This means that if multiple participants have completed the tasks, the rewards will be distributed on a first-come, first-served basis, giving priority to those who completed the tasks earliest.

Participants need to adhere to the specified criteria to be eligible for rewards, and the order of completion may influence their priority in receiving rewards. If there are any additional rules or conditions, reviewing them to ensure a clear understanding of the eligibility criteria and reward distribution process is advisable.

Please note that providing feedback is “optional” and has a separate reward pool as described in “Feedback & Bug Bounty”.

Restrictions

• Participants will be rewarded for only one week of testing regardless of their involvement in multiple weeks of testing.  

• The maximum reward per user is capped at  5000 $AMBER. 

• After evaluation based on impact, the top 100 feedback submissions will be rewarded.

• While anyone can participate in the testnet by receiving test tokens from another participant, they will not be eligible for any $AMBER rewards unless they are whitelisted before testing begins.
  

Reward Distribution

Points will be automatically distributed to the corresponding wallet addresses in February.

Testnet Alpha Community

Please visit https://guild.xyz/nablafi to get the "Testnet Alpha Participant" role so you can access the private channel on our Discord. 

FAQ

What is a Testnet?

Testnet is a staging environment for testing blockchain applications without using real cryptocurrency. In Nabla's case, the Testnet is used for testing the functionality, security, and user experience of their platform before the Mainnet launch - using test tokens distributed to chosen participants every week, and rewarding the participation with $AMBER tokens.

What is $AMBER?

$AMBER is the on-chain community reward token in the Nabla Finance ecosystem. It is distributed as part of the Tokenized Points Program during the Testnet Alpha. More details about $AMBER can be found here.

How many $AMBER will be distributed?

• 2 million $AMBER points will be distributed across four weeks to 2000 people, with varying methods (FCFS or raffle) for selecting winners. 

• Each week will have an allocation of 450,000 $AMBER for up to 500 participants.

• Up to 200,000 $AMBER will be distributed for qualified feedback about the product or reported issues/bugs
  

What are the criteria to participate?

To participate in the Testnet Alpha, participants can be whitelisted by completing social quests, using the provided form, or meeting specific criteria such as DeFi activity, Discord roles, holding assets on Ethereum or L2s, or having a referral code. Moreover, to respect the Community Guidelines and the Berlin Code of Conduct. Detailed criteria are available here.

Where to find the Community Guidelines?

The community guidelines can be found on Nabla Finance's Discord, in the #Welcome channel. Participants are required to adhere to these guidelines while participating in Social Campaigns and the Testnet. In general, participants abide by the fundamental principles of the Berlin Code of Conduct. 

What is the Berlin Code of Conduct?

The Berlin Code of Conduct serves as the foundation for Nabla Finance's Community Guidelines. Participants in Social Campaigns and the Testnet are expected to respect and adhere to these principles. More information can be found here.

What are the important dates?

The key dates for Testnet Alpha participation are as follows:

• Week 1: Jan 24, 11 AM UTC - Jan 28, 11 AM UTC (registration until Jan 23, 11 AM UTC)

• Week 2: Jan 31, 11 AM UTC - Feb 4, 11 AM UTC

• Week 3: Feb 7 9, 11 AM UTC - Feb 1112, 11 AM UTC

• Week 4: Feb 1416, 11 AM UTC - Feb 1819, 11 AM UTC (registration until Feb 17 18, 11 AM UTC)

Rewards distribution and other relevant dates can be found in the provided schedule. Please refer to the Testnet Alpha documentation for more detailed information.

What are the eligibility criteria?

For FCFS rewards the participant who has done all of the tasks will have priority over the others:

1. Add liquidity to at least 3 swap pools(SP) and the backstop pool(BSP) 

2. Withdraw liquidity from the SPs

3. Withdraw liquidity from the BSP

4. Withdraw from the BSP using the SPl’s LP token 

5. Withdraw from an SP using BSP’s LP token

6. Complete at least 3 swaps

What does FCFS mean?

FCFS stands for "First-come, first-served." In the context of Nabla's Testnet Alpha, it refers to a reward allocation method where the first participants to complete the required tasks receive rewards.

What is a raffle?

A raffle is a random drawing to select participants for rewards. In the context of Nabla's Testnet Alpha, certain weeks allocate rewards through a raffle, meaning participants have a chance to win based on chance rather than on a first-come, first-served basis.

• Ambassador Guardian: As the voice of Nabla, they play a crucial role in spreading its message. They focus on distributing key messages, sparking discussions, and acting as passionate representatives of Nabla Finance, enhancing its visibility and engagement across social channels. Their influence helps to build a strong and connected community around Nabla Finance's vision and goals. Apply here for the ambassador role.

• Alchemist Guardian: Responsible for content creation, they craft memes, engaging articles, and CT content that effectively communicate Nabla Finance’s vision. You'll be invited as an Alchemist if you create distinguishable content.

• Engineer Guardian: Engineers are key to Nabla's technical strength. They contribute to the code by developing new modules, addressing security issues, and spotting bugs. Apply here for this role.

• Alliance Guardian: Focused on business development, they support identifying and forming strategic partnerships to boost Nabla Finance’s market presence and drive growth. Apply here .

Guardians earn $AMBER points in exchange for contributing to the Nabla ecosystem.

To learn more about the "$AMBER Tokenized Points Program" check out our previous blog post.

It's a chance to be a part of our journey and help build the future of DeFi.

Tokenized points program offers several key advantages, including:

1. True Ownership: Not your keys, not your points

2. Transparency: It is traceable and provable whether the wallet holds certain points.

3. Interoperability: On-chain points can unlock perks for its holder across various Web3 platforms

Earning $AMBER points :

1. Getting in on Product Launches: Yeah, we're talking about the Incentivized Testnet Alpha set for launch on January 24th, 2024. Don't miss out!

2. Completing quests: Bring on more quests, 'cause why not? They're like free points, right?

3. Taking an active role in the Nabla Guardian Program

Alright, just so we're clear: $AMBER represents your contributions to the Nabla ecosystem. Sure, it's a freely transferable ERC-20 token, but remember what our legal squad emphasized:

$AMBER isn't a store of monetary value or a cryptocurrency, and definitely don't treat it as an investment.

Make sure you also check the $AMBER FAQ in our docs.

By embracing a tokenized points program, we aim to provide Nabla's citizens with a more transparent, decentralized, and user-centric loyalty experience. Seriously!

To stay updated about upcoming campaigns and initiatives, we encourage all citizens to follow our communication channels closely.

Welcome, citizens of the Nabla planet!

We have internally launched Nabla AMM today! After 1 year of hard work, dedication and lots of caffeine, we proudly welcome you my fellow citizens to join us.
However there are some hostile aliens walking on the planet and waiting for an opportunity to infiltrate . To prevent against that the test-net access will be quest-gated (and with prizes).

I'll tell you about AMBER , the element which is so scarse in our galaxy but found abundantly in the depths of Nabla planet. The ancient wise aliens, our ancestors used AMBER element to build the Nabla portals. Thats why Nabla portals were built on our planet in the first place.

The Quests

We host our quest on Zealy . On Zealy you can earn XP and level up for the prizes and the access POAP.

The eligibility for the prizes

We welcome all our citizens. To prevent bots and hostile aliens the participants should satisfy one of below:

1) Having a "Farcaster" account with at least 10 followers.

OR

2) Having a Twitter created before 1 Jan 2023 AND holding an ENS domain in your wallet. Both of them should be connected to your Zealy

OR

3) Having a verified Twitter account

OR

4) Please see the update below the page

The prizes

A) Top 100 citizens with the most zealy XP (who satisfy the eligibility criteria) will share 16,000 $AMBER as below :

TOP 5 : 400 $AMBER each
TOP 6-50 : 200 $AMBER each
TOP 51-100: 100 $AMBER each

B) All participating citizens on or above Level 4 (1200 XP) will receive a POAP for gated access to the testnet

Event dates

The sprint for the quests runs between 2023, 21 July 12:00 PM -18 August 00:00AM UTC

Click here to begin the adventure

Update (3 August 2023): "OG Citizens" and "Server Booster" roles on our Discord can also participate in the campaign.

Many years ago, an advanced alien civilization, proficient in math, visited the planet. They constructed intergalactic portals known as Nabla. However, they chose to leave it hidden in the desert, believing that the human mind was not yet prepared to handle its power. For years, the traders remained unaware of the portal's existence, and they continued to struggle against IL and slippage.

Desperate for a solution, the traders turned to the Oracles for help. With their interstellar vision and prophecy powers, the Oracles had a dream about the Nabla hidden in the desert. They sought ways to activate it, patiently waiting for the right moment to connect it with the human mind.

Finally, the time came and the stars aligned when the traders' minds were ready. A fierce battle ensued between the citizens and the malevolent entities of IL and slippage. In response to the threat, the Nabla Guardians, a community army formed around the belief in Nabla's power, emerged.

After a long and arduous struggle, the traders emerged victorious, freeing world trade from the clutches of impermanent loss (IL) and high slippage. Nabla became the symbol of hope for traders across the Defi galaxy, and the 'Nabla Guardians' became its protectors, ensuring safety and security for all. This planet is now known as Nabla, a beacon of hope for the Defi galaxy.