OSWAP Keeps Flippening!
Hello Troll! What do you think of our testnet so far? Do you like all the exciting features such as Hybrid Smart Router combined with our cross-chain swaps? Be sure to stay tuned for more token listing and pool integrations as more projects join our Bridge founder Program.
For trolls of you who follow our updates closely, we would already know that we are going to launch a single asset bridge vault staking campaign for AVAX OSWAP holders in the extremely near future. When the OpenSwap Bridge gets released on mainnet, these single asset bridge vaults would facilitate swapping of OSWAP between different chains.
However, before deploying on mainnet, we would need a mechanism to help balance the amount of OSWAP on both Binance Smart Chain and Avalanche. At the same time, as the introduction for bridge vault staking approaches, we’d also want more community members to get involved and be able to participate in this lucrative campaign!
Therefore, Bruce decided that we’d be hosting flippening events regularly (hopefully once a week) before the bridge launches on mainnet. For this week it would be one-way from BSC to AVAX, and going forward, the flippening portal would also support AVAX to BSC as well!
We won’t set any targets for flippenings anymore, and a date will be shown on the page showing from when to when the weekly flippening events are active for. Flipped OSWAP tokens will be deposited to your address by us, all gas fees covered.
The process is easy; simply follow these steps:
Step 1: Connect to the OpenSwap DApp and click on ‘Flip OSWAP’
Step 2: Approve OSWAP tokens
Step 3: Insert the amount of OSWAP you wish to lock
Step 4: Submit your request by clicking on ‘Lock’
Reminder ⚠️ Please be reminded that tokens once committed to this event, will not withdrawable.
*Disclaimer — In case of disputes, OpenSwap reserves the right to change, cancel, suspend the campaign with or without prior notice.
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 — BUIDLing.
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