Community members should shift $OSWAP tokens to the new vault. Bridge Vault Upgrade

Please notice the new address of the AVAX mainnet C-Chain Bridge Vault for OSWAP.

From:

https://snowtrace.io/address/0x547C8B68Cb36410FFDceE6Ad4bA0c64FD21085Bb

To:

https://snowtrace.io/address/0x8Af3e8596acE65D9c1EDE6d5356a34eAb46a46f5

The newly deployed Bridge Vault contract includes enhancements such as the inclusion of a rate limiter to cap the capacity of swaps completed in a specific period, and a SwapPolicy contract to better protect the vault itself and the assets inside.

Additional changes were also made to the OpenSwap DApp and the crosschain bridge vault page to include both the old and new vaults so that users can handle the token migration at ease.

Migration may be an inconvenience for certain community members since it will take some time.

About OpenSwap

OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage with hybrid smart routing, and an ANY-to-ANY single asset cross-chain bridge.

Website | Twitter

About Avalanche

By calculating the shortest time to finality, Avalanche is the blockchain industry’s quickest smart contracts platform. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.

Website | Twitter

SOURCE:

https://openswapdex.medium.com/bridge-vault-upgrade-migrate-your-oswap-avalanche-4e0edc208b73

The post Bridge Vault Upgrade appeared first on Smart Liquidity Research.

The Tidal Finance joins OpenSwap Bridge Founder Program as the official 7th bridge founder.

More information about our Bridge Founder Program can be found here.

The TIDAL a decentralized discretionary mutual cover protocol that offers the DeFi community the ability to hedge against the failure of any DeFi protocol or asset.

Mutual cover pools can be created where users can serve as Reserve Providers (RPs) and stake their stables to provide reserve capital to any pool to reap incentives in stable coin premium or the $TIDAL token.

How This Partnership Benefits Tidal Finance and OpenSwap

It was during OpenSwap’s post-IDO period that they first got to nurture the initial strategic partnership with Tidal Finance. In Addition, Liquidity Queue was OpenSwap’s first key technology that was rolled out right after the IDO held on Impossible Finance. Furthermore, Tidal became OpenSwap’s main insurance partner covering for any potential losses from our Liquidity Queues & protecting users from exploits and loss of funds.

What OpenSwap Bridge Mainnet Release mean for the Tidal Finance Community?

Also, Tidal Finance community greatly benefits from OpenSwap any-to-any swaps, enabling the users to take full advantage of crosschain bridge and hybrid smart router integration, $TIDAL will be exposed to liquidity from all our supporting chains.

In other words, OpenSwap ANY-to-ANY Crosschain Bridge will help $TIDAL gain additional exposure to more liquidity from different chains. Thus increasing user adoption and potentially creating additional demand. As aforementioned, while Tidal Finance benefits from this partnership by having additional liquidity access points. Finally, this partnership will also benefit the entire DeFi world as OpenSwap Bridge will ultimately help to have more DApps be insured and protected by Tidal.

In the future, OpenSwap is going to support more chains, the Stablecoin vaults can also serve as middlemen for $TIDAL holders, helping them to bridge their tokens across multiple chains.

Quick Guide for loyal trolls and friends at Tidal Finance

Here is the link to the testnet link

Step 1: Go to Metamask and click Add Network button

2: Fill in the following information

• Network Name: Polygon Mumbai
• New RPC URL: https://matic-mumbai.chainstacklabs.com
• Chain ID: 0x13881
• Currency Symbol: MATIC
• Block Explorer: https://mumbai.polygonscan.com

3: Getting testnet tokens

ETH (Kovan)

• https://faucets.chain.link/
• https://gitter.im/kovan-testnet/faucet

MATIC

• https://faucet.polygon.technology/

Go to one of the following links to get testnet tokens. They would recommend getting some ETH (Kovan) and MATIC (Mumbai).

3: Connect your desired network to either: Kovan or Polygon Mumbai testnet

4: Select “KOVAN” as the source chain and “MATIC” as the Destination Chain. Click the Approve button followed by Confirm button on Metamask.

4a: Once the token is approved, click Create Order button and then followed by Confirm Swap button.

5: Click on the Confirm Swap button followed by Confirm button on Metamask.

6: You can view your orders here, currently the status is Pending. Once the status turns to Executed, the tokens have successfully been bridged to your destination chain.

About Tidal Finance

The Tidal Finance the first flexible DeFi insurance platform and marketplace, offering the highest APYs and gas-free transactions. The flexible insurance model allows companies to adjust their premiums on a weekly basis based on fluctuating TVLs (Total Value Locked).

Website | Twitter |

About OpenSwap

The OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage with hybrid smart routing, and an ANY-to-ANY single asset cross-chain bridge. As the DeFi universe continues to expand, liquidity becomes increasingly scatter across multiple chains and the situation poised to get worse as new chains emerge with individual DEXs on each chain. Furthermore, aims to become every crypto project’s BFF through a set of key offerings that will empower teams to establish funding and sustained token health, allowing teams to focus on what they do best — BUILD.

DApp | Twitter |

Source

The post Tidal Finance Joins OpenSwap Bridge Founder Program appeared first on Smart Liquidity Research.