Thanks to Harmony’s Proof of Stake mechanism, you normally stake $ONE on your favorite validator and earn rewards for securing the network using your funds. With OpenSwap Validator Nodes we’re doing just that !
Signing blocks, and making sure the network is secure, but here’s the twist: instead of only earning $ONE, you’re earning OpenSwap’s native token $oSWAP.
Owning OpenSwap tokens means you’re entitled a portion of the rewards generated from Trades that take place on OpenSwap Dex.
The beautiful part is you dont have to worry about impermanent loss, choosing which farms have the best yields. simply delegate $ONE and earn OpenSwap !
OpenSwap 15% Reward Node :
The 15% Reward node Distributes rewards as follows:
- Sends out 80% of rewards as $ONE
- The other 20% of rewards as $oSWAP token
Of those 20%, a fee of 5% is kept for server maintenance costs.
To stake on this Validator Node, you can do so using the harmony staking dashboard : https://staking.harmony.one/validators/mainnet/one1p2e0a0806jv8tqr37k7c8k67zgfjwtzpf9apv2
OpenSwap 100% Reward Node :
The 100% Reward node Distributes rewards as follows:
- Sends out 95% of rewards as OpenSwap Token
- The other 5% of rewards are converted kept for server maintenance costs
To stake on this Validator Node, you can do so using the harmony staking dashboard : https://staking.harmony.one/validators/mainnet/one1j35d0vd4uzwffeawjjfukn8t9wjt8csungj0z0
The OpenSwap token has both inflationary and deflationary mechanics, It contains farming rewards for liquidity providers and a fee structure that splits the fee between rewarding liquidity providers and a token burn. Half of the 0.3% fee applied to all trades is used to buy back and burn Openswap Tokens from the ONE/Openswap pool.
The token burns are meant to offset issuance, and redistribute the value of the fees collected to all OpenSwap holders.
Roughly 12,000,000 tokens will be minted each year, and 2,880,000 million can be unlocked every year for developpement.
OpenSwap Token Address : 0xc0431ddcc0d213bf27ececa8c2362c0d0208c6dc