OpenSwap Community Update for the week of 03/26/2022

Open X Swap
3 min readMar 28, 2022


Each week we will recap the latest news and provide an update for the community.

This week we review:
⋄ Project Development Update
⋄ AMA discussion with Useless Crypto
⋄ One Immortl / OpenSwap Gleam contest
⋄ Latest YouTube videos
⋄ OpenX Burn Report

Project Development Update:
⋄ Development continues on the DAO.
⋄ Goal is to have our DAO up and running as a proof of concept for the OpenDAO Tooling.

Auto-compounding validator:
⋄ Coding on redesigning the auto-compounding validator
⋄ Added ‘pending rewards’ to be visible on the validator detail screen
⋄ Added ‘ manual compound’ button to the validator. While the auto-compounder is being worked on, you can use this to compound into staked LPs.

AMA discussion with Useless Crypto
Check out the chat between OpenSwap and Useless Crypto.

Listen and learn more about Useless Crypto and OpenSwap, the Harmony community, DeFi, and so much more.

Alex and Lance sit down with David and Jackie from Useless Crypto

One Immortl / OpenSwap Gleam contest
Win A Ledger Nano S or $150 in IMRTL/OpenX LP tokens.

Giveaway to 4 lucky winners. Winners will receive either a Ledger Nano S or $150 in $IMRTL/$OpenX LP tokens. Winners will be chosen at random. Complete all of the tasks for the highest chance of winning.

Follow the instructions and earn points.
Any invalid submissions will disqualify you from winning.

A person cannot win multiple times, but you can maximize your chance of winning by completing multiple entries.

Latest YouTube videos
Guide to staking on Harmony ONE tokens and setting up auto-compounding rewards

SC Prime coming to DeFi with 2 sec Finality and Penny Transaction Fees???

OpenX token burn update on 3/26/2022
Total burned since inception:
⋄ 1,539,190 OpenX burned (↑ 7,366 last 7 days)

OpenSwap ( 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