OOE Vault Continues on OpenOcean

The current 30 days rewards program on OpenOcean Ethereum OOE vault will be directly continued by a new 60 days program.

Current stakers can leave their stake with peace in mind because the new program will be directly deployed on the existing vault. Newcomers! This is an opportunity to make your OOE work for you — stake OOE to earn OOE.

The vault is part of OpenOcean’s cruise to distribute fairly and become more decentralized.

🔸Program details

Directly continued from: August 26, 2am, 2021 UTC
Network: Ethereum
Reward: 100,000 $OOE (calculated and distributed per block)
Duration: 60 days
Terms: No lock-up, can be unstaked at any time
Contract address: 0xb99d38eb69214e493b1183ffa3d561fc9f75d519

🔸How to stake?

Single token staking is a simple and easy way to make your OOE earn more OOE. Users can simply click “Vault” on OpenOcean to access and connect the wallet on Ethereum network. It simply requires you to stake your OOE and in return you will receive rewards.

The OOE can be unstaked at any time. To get started you need OOE on Ethereum and some ETH to pay for the transaction fees when staking and withdrawing.

Generally speaking, single token staking is compared to liquidity mining:

• Less complicated because you only need one token and stake that directly whereas liquidity mining requires you first to supply liquidity, then receive LP tokens that can be staked.
• Less risky because there is no impermanent loss.
• Yields less profit because the risks are lower.

About OpenOcean

OpenOcean is the world’s first DeFi & CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and low slippage for traders across centralized and decentralized exchanges with no additional fees. As a one-stop trading entrance, we have aggregated major DEXes across public chains including Ethereum & Layer 2, Binance Smart Chain, Avalanche, Polygon, Solana, HECO, TRON, Ontology, and CEX (Binance). OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, and aggregate more DeFi & CeFi products and launch intelligent management services.

📰 INFO

https://openoceanglobal.medium.com/ooe-vault-continues-on-openocean-97c40c3075a4