The DeFi Hub project Nibiru Chain announced that the third phase of its incentive testnet NIT is now live

ChainCatcher news, the community-driven DeFi Hub project Nibiru Chain recently announced that its incentive testnet NIT Phase 3 has gone live, and users participating in tasks related to Perps, Spot AMM, etc., can earn ATOM as rewards.

ChainCatcher previously reported that Nibiru Chain completed a seed round financing of $8.5 million at a valuation of $100 million, led by Tribe Capital, Republic Capital, NGC Ventures, and Original Capital.

It is reported that this summer, Nibiru plans to launch part of its algorithmic stablecoin NUSDC and the testnet. NUSD will be collateralized by USDC and NIBI, where NIBI is Nibiru's native token used for staking, utility, and governance. (source link)