Our team has been busy at work on a complete revamp of the Mercata application. We are inviting the community to explore the new application and to participate in a trading and bug bounty competition ahead of the product relaunch.
EACH PRIZE IS WORTH $500 (paid 50/50 in USDC and CATA)
- Best trader – Awarded to the user with the highest portfolio balance at the end of the week.
- Best bug finder – Awarded to the user who reports the most bugs or issues.
- Exploits – Prize per major exploit (way to steal money) reported
WHEN
- Start: Trades open 12.30pm ET Wednesday 7/16
- End: Trades close midday ET Wednesday 7/23
How to Join
- Join our Telegram group – Join us in our Telegram group, where we have a channel dedicated to this competition.
- Sign up for a testnet account – Visit STRATO Mercata Testnet and register a new account with your email. We will not fund any account with existing balances.
- Submit your Mercata testnet address – Send it to our Telegram group in the “Trading Competition 7/16-7-23″ channel.
- Receive $6,000 testnet funds – Once registered, you will be credited with $1000 each of the six available assets – USDST, GOLDST, SILVST, WBTCST, ETHST and bCSPXST – to begin trading.
- Report issues or exploits – Please report any issues or exploits you encounter directly to the Telegram channel.
- Explore the testnet – We are hosting a STRATOSCAN instance for the testnet, which you can use to inspect blocks, transactions, accounts and tokens.
What’s New in Mercata V2
After logging in, you’ll land on your Portfolio Overview, which includes:
- Net Balance: Shows your dollar equivalent balance (total assets value minus total debt)
- CATA Rewards: Tracks your earned rewards
- Borrowed: Displays your current borrowings
- Borrowing Risk Level: Visualized in a bar chart for clarity
- Pool Participation: Overview of your activity across liquidity pools
How to Trade and Participate
Swap Assets
Use the new swap modal to trade USDST for real-world assets (RWAs) and crypto.
Available pairs include:
- Gold (GOLDST)
- Silver (SILVST)
- Wrapped Bitcoin (WBTC)
- Ethereum (ETH)
- Backed S&P 500 (bCSPXST)
Swaps update your portfolio and can be used as collateral for borrowing.
Borrow Against Collateral
Supply assets to increase your borrowing power, then borrow additional USDST or other assets. Your borrowing risk level, available borrowing power, and interest rate are all displayed in the Portfolio Overview.
Participate in Liquidity Pools
Earn simulated yield by participating in:
- The USDST lending pool
- Swap pools for USDST paired with WBTC, ETH, GOLDST, or SILVST
Strategies to Try
- Leverage Borrowing: Use RWAs as collateral to borrow and expand your position.
- Diversify Pools: Split your assets across lending and swap pools to maximize simulated APY.
- Monitor Risk: Keep your borrowing risk level within safe limits to avoid liquidation.
Start Trading on Mercata V2
The competition begins Wednesday 16th July 2025 at 12.30pm Eastern and ends at midday Wednesday 12rd July 2025.
Sign up now, claim your testnet funds and explore everything Mercata V2 has to offer!
