Augmented Finance Testnet Progress Update: Week 1

TL;DR

Dear Augmented Community,

We’d like to thank each and every tester for your contribution to Augmented Finance’s future success: our joint success! We are well on our way to reaching all of the testnet goals and community engagement is just incredible. Thank you very much!

Community

The Augmented Finance community is truly global — 1702 testers from 82 countries around the globe!

Average user engagement time spent on testing the protocol — 9 minutes and 17 seconds, which is really great!

Issues

As of writing, testers have sent a total of 303 reports, indicating 23 different issues. Here’s the list of the most frequent ones (10+ mentions in the submitted reports):

Dev fixes:

Fixes planned for the next week:

Dev testing FAQ:

I can’t disable collateral, what should I do?

In order to disable collateral, make sure you’ve supplied all assets according to the testnet report form (at least 3 assets). Following this, collateral disable will become available.
See full guide

Another important thing: please check the value of the asset you want to disable as collateral. Make sure that your loan remains sufficiently collateralized, otherwise your transaction will fail.

Let’s say you supplied 100 aDAI, 10 USDT, 10 USDC and borrowed 70 DAI. You won’t be able to disable 100 aDAI as collateral because your loan would become undercollateralized.

I cannot stake agTokens, what should I do?

In order to stake agTokens, make sure you’ve supplied all assets according to the testnet report form (at least 3 assets). Staking agTokens reduces your health factor, so you may be able to stake only one agToken depending on the amount of assets you supplied beforehand.

Let’s say you supplied 100 DAI, 10 USDT, 10 USDC and borrowed $80 worth of ETH. You won’t be able to stake 40 agDAI, because your loan would become undercollateralized (same situation as with disabling collateral, see the question above).

I’m experiencing a withdrawal issue: Etherscan shows error 6

This issue occurs when you try to withdraw more assets than needed to be used as collateral.

Borrowing fails. What should I do?

Borrowing reduces your health factor, so you may be able to borrow the amount of assets depending on the amount of assets you supplied beforehand.

Slow transactions/high gas fees

Unfortunately there’s nothing we can do from our side because these are Kovan Testnet network limitations. You can speed up your transaction in the Metamask interface by paying a higher gas fee and extending the gas limit.

I’m unable to increase the amount of AGF locked (while auto locking is disabled), what should I do?

Unfortunately you cannot lock your AGF for less than 21 days and the value should be a multiple of 7.

AGF claim transaction fails, what should I do?

Please try to set a higher gas limit (2 mln) and higher gas fee (10 gwei).

Can I participate in the testnet with a smartphone?

Yes, you can join the testing from a mobile device. But the Testnet interface isn’t adapted to mobile screens, and not all mobile browsers support the Metamask app. So we’d suggest using a PC/laptop.

What are the terms to get the 1st prize? What is the criteria you choose for the list of winners?

The team will triage all reports and grant rewards based on it. The more bugs, UI/UX inconsistencies, improvement suggestions, etc. you report — the higher chances to win better rewards! Also, time matters: first reported — first served. Bug assessment will be based on the Immunefi Severity Classification System.

Augmented team is on a journey to deliver the most user-friendly DeFi lending protocol. We appreciate your kind feedback and try our very best to improve the user interfaces and experiences, based on your comments and advice.

Join our Discord, Twitter, Telegram, Reddit, and Medium to stay informed on our updates and news. Spread the word about Augmented Finance and our mission to help everyone achieve and secure financial independence and be a trusted long-term source of income and liquidity.

Augmented is on a mission to build an open, efficient, and globally accessible financial system. https://www.augmented.finance/