OpenSwap Bridge Vault Fixed Staking Campaign LFG!
Staking is on! You’ve heard that right. For the last couple of months, the question “wen stake?” had been asked numerous times. And today, we are answering it!
Today, our single staking vaults are up and running. For Trolls of you who already took part in the most recent OSWAP flippening event, where you locked your OSWAP to flip them from Binance Smart Chain to Avalanche, the OpenSwap team will deliver those tokens on 7th of April.
OpenSwap has been a community-focused project from the get-go, and we strive to continue doing so on every chain we extend to. As such, we wish to introduce everyone to a brand new fixed staking (single asset) campaign powered by the newly installed Single Asset Bridge Vault on OpenSwap Avalanche!
Fixed Staking on OpenSwap Bridge Vault
In light of OpenSwap’s expansion to Avalanche, we are excited to announce a fixed staking event on OpenSwap Single Asset Bridge Vault. Here are the campaign details:
Campaign Start Date: Monday, 6 April 2022
14 Days: 15% APY
30 Days: 18% APY
Step 1: Go to the Fixed Staking Page on Avalanche by visiting
www.openswap.xyz/#/staking and connect to Avalanche Mainnet C-Chain
Step 2: Choose whether you want to participate in 14 Days or 30 Days fixed staking campaign.
Step 3: Click on the “Get vtOSWAP” button
Step 4: Add Liquidity to OSWAP Vault on Avalanche Mainnet C-Chain
Step 5: Insert the OSWAP amount you would like to stake
Step 6: Go back to the Fixed Staking Page and click on the “Stake” Button.
Step 7: Stake your vtOSWAP token and enjoy the rewards after the fixed staking period!
Disclaimer:
* Reward Boost for OpenSwap Bridge Troll NFT(s) obtained from Binance Smart Chain will not be applicable to community incentives on Avalanche.
** In case of disputes or unpredicted events, OpenSwap reserves the right to change, amend, reinterpret, suspend, and/or terminate the staking campaign at any time with or without prior notice.
What’s a Bridge Vault?
For Trolls of you who have been paying attention to our updates, you may already be aware that the OpenSwap Bridge relies on the Bridge Vaults to function.
Bridge Vaults essentially act as a median between the chains with our Troll network connecting them. They provide 1:1 trade (before fees) and provide the enablement of token bridging. Other multi-chain projects can also use this function to help with their token flow between different chains.
About OpenSwap
OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage with hybrid smart routing, and a single asset crosschain bridge. As the DeFi universe continues to expand, liquidity becomes increasingly scattered across multiple chains and the situation is poised to get worse as new chains emerge with individual DEXs on each chain. The OpenSwap team has been working for the past several months on building up a vision of a greater OpenSwap ecosystem that will become every crypto project’s BFF through a set of key offerings that will empower teams to establish funding and sustained token health, allowing teams to focus on what they do best — BUIDL.
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