Taker Testnet V1 Guide—Experience Triple Yields

Taker Protocol
3 min readOct 8, 2024

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Earn yield safely, enjoy thick liquidity, where BTC enters a new utility era.

What is Taker’s Mission?

Taker is an innovative platform that allows users to stake liquidity provider (LP) tokens such as BTC/WBTC, BTC/BTCB, and WBTC/BTCTB to earn triple yields: veTAKER, transaction fees, and block rewards. Additionally, users can choose to become nominators or validators, enjoying different yields based on their roles and activities.

As a liquidity layer, we serve retail users, market makers, quantitative teams, Bitcoin Layer 2 solutions, and sidechains by offering liquidity trading pairs designed to minimize impermanent loss while providing multiple yield opportunities for liquidity providers (LPs).

Key Features

  • Yield: Earn triple rewards by depositing LP tokens. Stake the supported assets and get multiple ecosystem rewards.
  • Swap: Seamless trading functionality.
  • Liquidity Layer: Robust liquidity support for ecosystem dAPPs & collaborative Bitcoin L2s/sidechains/protocols
  • Lending & Perpetuals: Offer transparency, security, and permissionless access while eliminating central authorities and ensuring automated execution through smart contracts.
  • ve Tokenomics: Encourage long-term participation and lowers the tokens’ market supply

Technical Architecture

Taker is built on the Substrate framework, utilizing the Nominated Proof-of-Liquidity mechanism to combine the nomination and voting system of NPOS with the liquidity incentives of POL to achieve a robust consensus mechanism.

With Taker, users can easily participate in liquidity provision while enjoying a diverse range of yields and a flexible trading experience. Whether you are a novice or an experienced BTC trader, Taker provides a opportunity-rich trading ecosystem that is smooth and secure.

🔍What is Taker Public Testnet?

The Taker testnet is open to the public, allowing users to experience the Taker testnet V1 version, utilizing TakerSwap and adding liquidity to Taker pools. We look forward to your feedback!

Step1: Adding Taker Testnet

Chain Name: Taker Testnet
Chain RPC: https://rpc-testnet.taker.xyz
Chain id: 2748
Token Symbol: TAKER
Chain Explorer: https://testnet-explorer.taker.xyz/

Note: Users can ignore this step as the OKX wallet automatically adds Taker network information when connecting to the Taker cross-chain bridge.

Step2: Taker test coins

Taker native faucet: https://testnet-faucet.taker.xyz/

Taker test coin faucet: https://testnet-faucet.taker.xyz/
Contracts for test coins:
USDC: 0x91D9D766a96F849e8B373327a6Be71C829421c26
USDT: 0xD94A463bc49572d095aBE2c52A78Fe5DE6beDf64
ETH: 0x1F083a15cb5F384A5321E841F184d211A9c5207d
BTC: 0x700eF3d524CCc985ed7DC2cDe55B2fDDdaC4c398
SolvBTC: 0x949Be783a6CAB0dBD33d81463564D95aD4B3edee
UBTC: 0xb4bD61919ee58fE7f6dB640E600cBF6A4145A13A
WBTC: 0x0bDB358B229017FbD875E48dD7e8bA9Af42a63C2

BTC test coins on Bitcoin testnet
Here are some common BTC faucets:
https://tbtc.bitaps.com/
https://bitcoinfaucet.uo1.net/

Note: currently, the Taker testnet only supports the Unisat Bitcoin wallet, and more Bitcoin wallets will be integrated soon.

How to connect to BTC testnet on Unisat: https://docs.unisat.io/brc20-swap/introduction-to-brc20-swap/testnet-guide

Step3: Use Taker Bridge to cross-chain BTC test coins to Taker Testnet

Taker Bridge: https://testnet-bridge.taker.xyz/

Link your Bitcoin wallet and EVM wallet on the Taker Bridge.

Step4: Experience Taker Swap

Taker Swap link: https://testnet-deposit.taker.xyz/

Step5: Add liquidity

Add LP link: https://testnet-deposit.taker.xyz/

Step6: Stake LP

Stake LP link: https://testnet-swap.taker.xyz/liquidity?chain=takerTestnet

The above six steps can generally summarize the main tasks of the current test network. Thank you for your support of the Taker testnet!

We look forward to your suggestions and feedback.
Taker testnet V1 feedback form: https://forms.gle/Xe5AqkYCN8ZMVRTn8

For any inquiries, you can find us on Taker’s Discord or Telegram. Be cautious of false information; for more updates about Taker, follow our official Twitter and turn on notifications.

Meet all your BTC and derivatives trading needs with Taker!

About Taker Socials:

Twitter | Website | Disocrd | Docs
Contact us: info@taker.org

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Taker Protocol

Taker Protocol is the Secured Liquidity Layer for Bitcoin, enhancing its utility with seamless, safe transactions.