The test version of the Plasma mainnet is about to be released, and its on-chain market will initiate the first stress test

ChainCatcher news, according to official sources, the Plasma mainnet test version is about to be released, and its on-chain market will face its first stress test------a large influx of liquidity in a short period of time.

The primary task is to smoothly attract investment to support the long-term development of the DeFi ecosystem. The plan is as follows: first, within 5 days, USDT will be migrated in phases from the Veda deposit vault to Aave, managing fund utilization and risk; second, during this period, the vault will provide high XPL incentives; third, a few days before the mainnet test version goes live, users will have a 48-hour cooling-off period for withdrawals, which will be reduced to 24 hours after the market stabilizes; fourth, depositors will forfeit all rewards during the stabilization period for withdrawals.

Deposit activities will utilize the Veda vault to deploy stablecoins to Aave. During the mainnet test phase, $1 billion USDT will be bridged from the Ethereum mainnet to Plasma, with liquidity being gradually introduced. USDT will be provided from Veda to Aave in a controlled manner to maintain the health of the DeFi ecosystem, with risk managers adjusting the supply cap, and some liquidity will be reserved to match borrowing demand, while depositors will also receive additional XPL rewards.

In previous news, last week, Plasma announced that its stablecoin blockchain would enter the "mainnet testing phase" on September 25.