OpenLeverage Partnership With HotCross
Firstly, OpenLeverage partnership with HotCross, they are offering 210,000 OLE for trading and 90,000 OLE for lending HOTCROSS-BNB.
The campaign will last for 7 days, from May 26, 2022, at 12 PM UTC to June 2, 2022, at 12 PM UTC.
Hot Cross designed and built to enable multi-chain projects to thrive and migrate or expand into new networks. As a cross-chain toolbox for the Ethereum and EVM networks, Hot Cross empowers blockchain projects and enables their communities to flourish and succeed.
OpenLeverage intends to incorporate many multi-chain features from Hot Cross, such as cross bridge, cross pool, cross yield, cross send, and cross claim and expand to a greater user base to implement our multi-chain strategy. An optimized ecosystem achieved with increased transactions and volume and will mutually benefit both Hot Cross and OpenLeverage.
Trade to Get Rewards
Members who open positions with trading volume levels during the campaign awarded the corresponding OLE rewards and calculated by the trading volume of a single transaction, not the cumulative volume. If transaction does not meet the requirement, then will not be rewarded.
Undiluted rewards levels are shown here.
The total reward for the lending campaign is 210,000 OLE. Each address can earn a maximum of 8,000 OLE rewards. When the number of rewards earned exceeds the rewards pool, all rewards will be diluted according to the Trading Rewards on Volume formula.
Lend to Get Rewards
During the campaign period, you can lend assets to the HOTCROSS-BNB pair and receive lending rewards based on the amount and length of lending:
The total reward for the lending campaign is 90,000 OLE. The Lending Rewards formula will be used to calculate the reward for each user.
About Hot Cross
Hot Cross an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. At its core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Their development philosophy is agile, and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C.
About OpenLeverage
OpenLeverage, a permissionless lending and margin trading protocol, on Ethereum, BNBChain, and KCC, with future multi-chain deployments planned. The permissionless design allows users to launch a leverage trading market for arbitrary pairs, integrating with liquidity provided on DEXs. OpenLeverage provides a permissionless, decentralized, scalable, and secure leveraged trading facility that serves the long tail and fast-growing DeFi market.
