OpenSwap Community Update for the week of March 12th, 2022
Each week we will recap the latest news and provide an update for the community.
This week we review:
⋄ Project Development Update
⋄ Farming Pool Update
⋄ Partnership with One Immortl
⋄ PSA for MetaMask gas calculation issues
⋄ Latest YouTube videos
⋄ Top Farm APRs
⋄ OpenX Burn Report
Project Development Update:
⋄ Coding and development continues on the user interface for the DAO.
⋄ New farming pools were deployed
Farming Pool Update
After conducting an analysis of our farm and consulting the community; we have decided to make some adjustments to our farming pools.
The plan is to consolidate overlapping pools and add new pools to the mix. While there may be some changes to the pools you are currently farming, the vast majority will have pools that you can migrate into with your existing assets. Long term, these adjustments will allow us to more effectively assist the community as a DEX and DeFi protocol.
Partnership with One Immortl
We are happy to announce an official partnership with One Immortl (https://www.one-immortl.com/). One Immortal is working on bring real work use case to crypto by means of a wallet app and the ability to use crypto for in a retail setting. This partnership will allow two great projects to come together with synergistic qualities to enhance each other.
The partnership will begin with One Immortl’s token being added to OpenSwap, $IMRTL. A farming pool for OPENX / IMRTL is available.
There will be more exciting news in the future for our partnership with One Immortl.
PSA regarding MetaMask gas calculation on Harmony
This 45 sec video will save you $ONE.
MetaMask miscalculates the gas needed on Harmony during what it thinks are peak times. 30 is min gas needed.
Always check your gas fee before submitting.
Latest YouTube videos
Information on OpenSwap’s Recent Pool Changes
ONE Immortl & OpenSwap Sit Down for a Chat About New Partnership
OpenX token burn update on 3/12/2022
Total burned since inception:
⋄ 1,525,263 OpenX burned (↑ 11,295 last 7 days)
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