Our Neptune Mutual #Testnet release was a hit!
Over 18.5K participants joined and collected more than 15M points from using our protocol throughout a 4-week testing period.
Their feedback helped us make fixes and upgrades on the platform.
Our protocol and SDK development are now complete.
We've added a couple of new and exciting features and improvements to the protocol.
More on these later!
A reputable third-party audit firm has started to review and verify our protocol source code.
We're planning to hire one more audit firm soon as well. We're currently speaking to a few.
Almost 100 percent!
We've already reached 96% code coverage. Our team expects to reach 100% within a couple of weeks. Pretty exciting!
Feature Highlight 1: Policy Resale and Customer Loyalty.
We added new policy resale and customer loyalty features.
In addition to our SDK, we've also added functions related to reselling covers and customer loyalty to our smart contracts.
Developers can now extend the Neptune Mutual protocol and create derivative works with these new functions.
Feature Highlight 2: Fungibility of PODs.
Our Proof of Deposits (PODs) are now fully fungible, yield-bearing tokens, like aToken and cDAI.
POD tokens are tokens that help users make passive income without any extra effort.
Users can take advantage of how PODs automatically accumulate policy fee incomes and interest from flash loans and lending.
Refactoring the PODs to make them fungible will significantly extend their use beyond Neptune Mutual.
PODs will now have the tickers nDAI and nUSDC with DAI for #Ethereum and USDC for #Polygon, respectively.
That's all for now!
Be one of the first to get the next Neptune Mutual Development Update.
Follow us on Twitter @neptunemutual to get the latest news on the blockchain's leading #parametric cover platform.
NOTE: It's also never too late for you to try the Neptune Mutual #Testnet.
Even with our competition over, you can still test our protocol at
https://test.neptunemutual.com