It is with great pleasure to inform you that we are running another round of bridge vault fixed staking to reward our loyal supporters! The campaign parameters remain 14 and 30 days options with their respective rates being 15% and 18%.
There will be more news concerning our bridge vaults and the bridge in the very near future so be sure to stay tuned to our socials!
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: 9th June 2022
Campaign Start Time: Around 13:00 UTC
14 Days: 15% APY
30 Days: 18% APY
Go to the Fixed Staking Page on Avalanche by visiting www.openswap.xyz/#/staking and connect to Avalanche Mainnet C-Chain.
Choose whether you want to participate in 14 Days or 30 Days fixed staking campaign.
Click on the “Get vtOSWAP” button.
Add Liquidity to OSWAP Vault on Avalanche Mainnet C-Chain.
Insert the OSWAP amount you would like to stake.
Go back to the Fixed Staking Page and click on the “Stake” Button.
Stake your vtOSWAP token and enjoy the rewards after the fixed staking period!
* 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.
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.