OpenSwap Bridge Vault Fixed Staking on Binance Smart Chain — Round 4
We are elated to introduce to our community members the 4th round of OpenSwap Bridge Vault Fixed Staking campaign, this time on Binance Smart Chain!
The campaign parameters remain as two choices of 14 and 30 days, the same as our previous rounds, with their respective rates being 15% and 18%.
In addition to this, we will be bringing more news in the coming time regarding the OpenSwap Bridge and Bridge Vaults specifically related to our recent extension to Polygon Mumbai testnet network. For those of you who are unaware of this, please feel free to check out our recent testnet update where we gave details about OpenSwap’s crosschain bridge extension to Polygon Mumbai testnet network as well as other minor bug fixes. Be sure to stay tuned to our socials!
OpenSwap Bridge Vault Fixed Staking on BNB Chain
As you all may be aware, the concept of Bridge Vault sits at the center of OpenSwap ANY-to-ANY Crosschain Bridge. For our crosschain bridge to work, we’d need community members to help fill up these bridge vaults before our mainnet rollout.
As such, we are introducing yet another exciting fixed staking event on OpenSwap Single Asset Bridge Vault, this time on the Binance Smart Chain! Below are the campaign details:
Campaign Start Date: 27 June 2022
Campaign Start Time: around 13:00 UTC
14 Days Option: 15% APY
30 Days Option: 18% APY
For those of you who are unfamiliar or haven’t participated in our Bridge Vault Fixed Staking Campaign before, please follow the step-by-step instructions provided below!
Step 1: Go to the Fixed Staking Page on BSC Chain by visiting www.openswap.xyz/#/staking and connect to BSC Chain mainnet.
Step 2: Choose whether you’d want to participate in the 14 Days or 30 Days Fixed Staking Campaign.
Step 3: Click on the “Get vtOSWAP” button.
Step 4: Add liquidity to OSWAP Vault on BSC Mainnet.
Step 5: Insert the amount of $OSWAP token 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 upon the end of the fixed staking period.
* Reward Boost for OpenSwap Bridge Troll NFT(s) obtained from BNB Chain will be applicable to community incentives on BNB Chain.
** 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 is 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 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.