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This page lists the current values for the most important parameters of the FAssets system on the Coston testnet. These values are subject to change as the system is further developed and tested.
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This page lists the current values for the most important parameters of the FAssets system on **Songbird Canary-Network** and **Songbird Testnet Coston**. These values are subject to change as the system is further developed and tested.
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## Minting and Redeeming
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The launch of FAssets on the Songbird network demonstrates system behavior while paving the way for its next deployment on the Flare network. The primary goals of this test are to ensure the system operates as intended, identify edge cases, refine usability and automation, and incentivize whitehat security researchers to uncover potential code errors.
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The test on Songbird will have the following characteristics:
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- XRP will be tested first, followed by either BTC or DOGE;
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- FAssets agents must be whitelisted by Flare Labs to perform their roles;
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- Flare Labs will underwrite up to \$300,000 in FAsset issuance to cover any losses resulting from system issues, while imposing a cap of $2 million in issuance per asset.
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## Duration of the Test
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Each FAsset will be tested on Songbird for at least 6 weeks until no issues have been found.
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## FAssets Minting dApps
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FAssets system users can access the frontend web interface for minting and redeeming:
During the Songbird test, restrictions and incentives may cause the FAsset price to deviate from the underlying currency's value.
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The current focus is on testing system integrity, not price alignment.
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## Vault Collateral
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USDX will serve as collateral for FAsset agent vaults. To ensure sufficient support for FAsset issuance and possible liquidations on Songbird, a large amount of USDX has been minted.
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The launch of FAssets on Songbird Canary-Network demonstrates system behavior while paving the way for its next deployment on Flare Mainnet. The primary goals of this test are to ensure the system operates as intended, identify edge cases, refine usability and automation, and incentivize whitehat security researchers to uncover potential code errors.
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The test on Songbird Canary-Network will have the following characteristics:
| FAsset Sequence | XRP will be tested first, followed by either BTC or DOGE. |
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| Agent Whitelisting | FAssets agents must be whitelisted by Flare Labs to perform their roles. |
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| Caps and Losses | Flare Labs will underwrite up to \$300,000 in FAsset issuance to cover any losses resulting from system issues, while imposing a cap of $2 million in issuance per asset. |
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| Duration of the Test | Each FAsset will be tested on Songbird for at least 6 weeks until no issues have been found. |
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| FAssets Minting dApps | FAssets system users can access the frontend web interface for minting and redeeming: <br/> - [`https://fasset.oracle-daemon.com/sgb`](https://fasset.oracle-daemon.com/sgb) <br /> - [`https://fassets.au.cc/`](https://fassets.au.cc/)|
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| System Integrity and FAsset Pricing | During the Songbird test, restrictions and incentives may cause the FAsset price to deviate from the underlying currency's value. The current focus is on testing system integrity, not price alignment. |
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| Vault Collateral | USDX will serve as collateral for FAsset agent vaults. To ensure sufficient support for FAsset issuance and possible liquidations on Songbird, a large amount of USDX has been minted. |
|`AgentOwnerRegistry`|[`0xa7f5d3C81f55f2b072FB62a0D4A03317BFd1a3c0`](https://songbird-explorer.flare.network/address/0xa7f5d3C81f55f2b072FB62a0D4A03317BFd1a3c0)| Manages agent whitelisting and allows setting and retrieving details such as work and management addresses, name, description, and icon. |
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|`FXRP`|[`0xF9a84f4ec903F4EaB117A9c1098BeC078BA7027d`](https://songbird-explorer.flare.network/address/0xF9a84f4ec903F4EaB117A9c1098BeC078BA7027d)| The FAsset-wrapped TestXRP token, ready for use on Songbird. |
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|`USDX`|[`0x4A771Cc1a39FDd8AA08B8EA51F7Fd412e73B3d2B`](https://songbird-explorer.flare.network/address/0x4A771Cc1a39FDd8AA08B8EA51F7Fd412e73B3d2B)| ERC-20 token used by FAssets. |
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