New Staking Pools: Harmony ONE with UST, LUNA, SUSHI, and CAKE
OpenSwap is looking for the next group of farmers to join our crypto family. We are adding 4 new pools to stake and earn OpenX. Grab you tokens and put them to work. All four pools will include the Harmony ONE token.
These pools were strategically chosen to provide a base for future expansion. With an eye on future deployment of OpenX on those chains, these pools will be a vital component on this implementation.
tUST/ONE
This pair includes UST bridged from the Terra blockchain combined in a LP with Harmony ONE.
TerraUSD is the decentralized and algorithmic stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar. UST was created to deliver value to the Terra community and offer a scalable solution for DeFi amid severe scalability problems faced by other stablecoin leaders like Dai. Thus, TerraUSD promises users a higher level of scalability, interest rate accuracy, and interchain usage.**
eLUNA/ONE
This pair includes LUNA bridged from the Terra blockchain combined in a LP with Harmony ONE.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals, giving it the functionality of a governance token.**
eSUSHI/ONE
This pair includes SUSHI bridged from the Ethereum blockchain combined in a LP with Harmony ONE.
SushiSwap is an example of an automated market maker. An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SUSHI is a freely-tradable token, with the majority of volume on major exchanges occurring on Binance, Huobi Global and OKEx.**
bCAKE/ONE
This pair includes CAKE bridged from the Binance Smart Chain combined in a LP with Harmony ONE.
PancakeSwap is an automated market maker , a decentralized finance application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. The CAKE token is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform.**
ETH and BSC tokens can be bridged using OpenSwap’s $ONE click bridge.
**Coin summaries were provided by from CoinMarketCap
OpenSwap (app.openswap.one) is a fast and secure non-custodial decentralized exchange that serves as a one-stop-shop to buy, trade, and earn crypto whether you’re from the Harmony, Ethereum, or Binance Smart Chain networks. OpenSwap allows Harmony users to seamlessly trade peer to peer without the tokens ever leaving the original wallet and through liquidity supplied by other users of the platform. With OpenSwap, users can:
- Exchange Tokens/Coins
- Provide Liquidity to Pools
- Earn Rewards by Staking in Lucrative Incentivized Liquidity Pools
- View ‘Personal Farming Profile’ detailing your rewards including Total Stake Value, Average APR %, Total Current Rewards, and Total Current Rewards in USD
- Simplified Bridge for Tokens/Coins to and from the Harmony, Ethereum, and Binance Smart Chain Network
- Collect Fees on Provided Liquidity Without Staking
- Vote on Governance Decisions, Including Adding New Tokens
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