OpenSwap Bridge Vault Fixed Staking Campaign — Round 5!
Howdy Trolls,
First of all, thank you to those who supported OpenSwap’s recent bridge vault upgrade by migrating your Avalanche OSWAP tokens from the old bridge vault to the newly upgraded one.
For trolls of you who don’t know, we have recently deployed a new contract to replace the AVAX OSWAP Vault contract to help OpenSwap Bridge better line up vault contracts on other EVM compatible chains. The newly deployed Bridge Vault contract brings us new enhancements such as the inclusion of a rate limiter, a SwapPolicy contract that will help us provide additional protection to the vault as well as the assets inside, and UI enhancements on the bridge vault page.
All these improvements are made because they will enhance the overall user experience, which is excellent. However, this would also mean that the old vault contract had become obsolete, therefore if you haven’t migrated your AVAX OSWAP tokens yet, please remember to do so!
Learn more about Bridge Vault Upgrade and AVAX OSWAP Migration here.
To show our appreciation to those who helped us by migrating your AVAX OSWAP tokens to the new bridge vaults, we would like to thank our supporters by introducing a new round of fixed staking, which will be powered by our new bridge vault. Information is as follows:
OpenSwap Bridge Vault Fixed Staking — Round 5
Lock Period: 14 Days
Campaign Starts: 16 August 2022, 13:00 UTC
Campaign Ends: 30 August 2022, 13:00 UTC
Reward Token: OSWAP
Rate: 15.12% APR
Lock Period: 30 Days
Campaign Starts: 16 August 2022, 13:00 UTC
Campaign Ends: 30 August 2022, 13:00 UTC
Reward Token: OSWAP
Rate: 18.25% APR
Reminder: Please be reminded that since this campaign is powered by our new AVAX OSWAP Bridge Vault contract, users will not be able to interact with the old contract anymore.
Here’s a Quick Guide:
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 the 14 days or 30 days fixed staking campaign options.
Step 3:
Click on the “Get vtOSWAP” button.
Step 4:
Add liquidity to OSWAP Vault on Avalanche Mainnet C-Chain.
Navigate to the Project Vault tab, and click on the “Add” button
Step 5:
Insert the amount of AVAX OSWAP you would like to add to the vault.
Click “Approve” to approve the use of the OSWAP token then click “Confirm” to add liquidity.
Step 6:
Go back to the Fixed Staking page. Approve the use of vtOSWAP token then Click on the “Stake” button to participate in this staking campaign.
Step 7:
Enjoy the rewards after the maturity date!
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 in the events of force majeure, OpenSwap reserves the right to change, amend, reinterpret, suspend, and/or terminate the staking campaign at any time with or without prior notice.
About OpenSwap
OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage with hybrid smart routing, and an ANY-to-ANY single asset cross-chain 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. OpenSwap aims to 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 — BUILD.
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