OpenSwap Highlights from March 2022
Recapping the OpenSwap highlights from March:
◈Partnership with One Immortl
◈OpenSwap’s DAO tooling coming soon
◈Farming Pool Updates
◈OpenSwap YouTube channel surpasses 1000 subscribers
◈AMA between OpenSwap and Useless Crypto
◈New OpenSwap YouTube series reviewing real life use cases for DeFi
OpenX token burn update for March 2022
Total burned since inception:
⋄ 1,549,705 OpenX burned (↑ 43,483 last 30 days)
Partnership with One Immortl
We are happy to announce an official partnership with One Immortl ($IMRTL). This partnership allow each project to utilize the other to bring DeFi to the masses.
With the announcement of this partnership:
◈$OPENX/$IMRTL on OpenSwap to earn rewards.
◈$OPENX/$IMRTL is available to be selected for auto-compounding into from our validator
◈Several giveaways were conducted. A gleam contest held by One Immortl is going on at the time of this publishing (https://gleam.io/8txNb/immortl-giveaway)
Here is a discussion between OpenSwap and One Immortl to learn more:
There will be plenty of additional news regarding this partnership as we grow together in the future.
OpenSwap’s DAO Tooling coming soon
Significant development effort has been dedicated to OpenSwap’s DAO Tooling platform. It is a platform that will allow the creation and management of DAOs, treasury management, creation of governance tokens, a community voting platform, and so much more.
OpenSwap’s own DAO will be created as a proof of concept utilizing the tooling platform.
The release is TBD. Please follow us on social media to learn more.
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.
The new pools include OpenX pairs with 1BTC, Luna, UST, IMRTL, and pMatic. Several other non OpenX pools were added.
OpenSwap YouTube channel surpasses 1,000 subscribers
During this month, we surpassed 1,000 YouTube subscribers on our channel. Our channel includes video tutorials, educational videos, AMAs, and everything in between discussing DeFi, Harmony, and OpenSwap.
The YouTube channel will further have an impact OpenSwap when we are able to monetize the YouTube channel. All funds created through those means will be used to purchase OpenX. In addition to watching an enjoyable/knowledgeable video, you also are helping OpenSwap and OpenX holders.
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
YouTube series reviewing real life use cases for DeFi
We strive to introduce real world use cases to DeFi. Rob with OpenSwap is reviewing projects that aim to do just this.
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