The Aragog testnet deployed by Botanix introduced the foundational tools for its DeFi ecosystem, including a BTC-backed stablecoin, decentralized exchange, and lending protocol.

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Botanix’s testnet, Aragog, has already piloted tools such as its BTC-backed stablecoin Palladium, the decentralized exchange Bitzy, and the lending and borrowing platform Spindle.

Botanix's testnet, known as Aragog, introduced various tools that will form the basis of its decentralized finance (DeFi) offering: BTC-backed stablecoin Palladium, decentralized exchange Bitzy and lending and borrowing market Spindle.