Trade with KuSwap to Win 250,000 OLE and 20,000 KUS
We are delighted to partner with KuSwap.
KuSwap is the first DEX on KCC to offer yield farming, governance, NFT marketplace and AMM with the lowest platform transaction fees (0.1%), with fees refunded in KUS, their native token. KuSwap’s network ensures increased performance with much lower network transaction costs. KuSwap aspires to establish itself as the market’s leading interoperable DeFi platform.
To kick off our partnership, OpenLeverage is offering rewards for lending and margin trading pairs on KuSwap. KuSwap will also offer rewards for users who trade on OpenLeverage.
Trading and Lending Campaign
KuSwap created a trading pair on OpenLeverage for the KUS Trading and Lending Campaign:
- KUS — KCS
OpenLeverage will offer 250,000 OLE rewards for KUS traders, which will be distributed as 175,000 OLE for the Trading Campaign and 75,000 OLE for the Lending Campaign. KuSwap will provide traders with 20,000 KUS as Trading Rewards.
The total rewards pool is 250,000 OLE & 20,000 KUS.
The KuSwap Trading and Lending Campaign will last from April 25, 2022, at 1 PM UTC to May 2, 2022, at 12 PM UTC.
Trade Early for More on KuSwap for OLE and KUS
Members who open positions with trading volume levels during the campaign will be awarded the corresponding $OLE rewards.
We will calculate the trading volume of a single transaction, not the cumulative volume. If your transaction does not meet the minimum requirement, then you will not be rewarded.
Each address can receive a maximum of 3,000 OLE rewards before dilution through the activity. When users receive 3,000 OLE rewards, the address can still trade but will not earn extra rewards.
The Trade Early for More Campaign will last for 7 days. With each new day, the rewards will be reduced by 5%, meaning the earlier you trade, the more rewards you can earn.
Undiluted rewards levels are shown below:
Day 1 (Hours 0–24)
Level 1: Trading Volume $100 (11 OLE Reward)
Level 2: Trading Volume $250 (27 OLE Reward)
Level 3: Trading Volume $500 (54 OLE Reward)
Level 4: Trading Volume $750 (81 OLE Reward)
Level 5: Trading Volume $1,000 (108 OLE Reward)
Level 6: Trading Volume $2,500 (270 OLE Reward)
Level 7: Trading Volume $5,000 (540 OLE Reward)
Level 8: Trading Volume $7,500 (810 OLE Reward)
Level 9: Trading Volume $10,000 (1,080 OLE Reward)
Day 2 (Hours 24–48)
Level 1: Trading Volume $100 (10 OLE Reward)
Level 2: Trading Volume $250 (26 OLE Reward)
Level 3: Trading Volume $500 (51 OLE Reward)
Level 4: Trading Volume $750 (77 OLE Reward)
Level 5: Trading Volume $1,000 (103 OLE Reward)
Level 6: Trading Volume $2,500 (257 OLE Reward)
Level 7: Trading Volume $5,000 (513 OLE Reward)
Level 8: Trading Volume $7,500 (770 OLE Reward)
Level 9: Trading Volume $10,000 (1,026 OLE Reward)
Day 3 (Hours 48–72)
Level 1: Trading Volume $100 (10 OLE Reward)
Level 2: Trading Volume $250 (24 OLE Reward)
Level 3: Trading Volume $500 (49 OLE Reward)
Level 4: Trading Volume $750 (73 OLE Reward)
Level 5: Trading Volume $1,000 (97 OLE Reward)
Level 6: Trading Volume $2,500 (244 OLE Reward)
Level 7: Trading Volume $5,000 (487 OLE Reward)
Level 8: Trading Volume $7,500 (731 OLE Reward)
Level 9: Trading Volume $10,000 (975 OLE Reward)
Day 4 (Hours 72–96)
Level 1: Trading Volume $100 (9 OLE Reward)
Level 2: Trading Volume $250 (23 OLE Reward)
Level 3: Trading Volume $500 (46 OLE Reward)
Level 4: Trading Volume $750 (69 OLE Reward)
Level 5: Trading Volume $1,000 (93 OLE Reward)
Level 6: Trading Volume $2,500 (231 OLE Reward)
Level 7: Trading Volume $5,000 (463 OLE Reward)
Level 8: Trading Volume $7,500 (694 OLE Reward)
Level 9: Trading Volume $10,000 (926 OLE Reward)
Day 5 (Hours 96–120)
Level 1: Trading Volume $100 (9 OLE Reward)
Level 2: Trading Volume $250 (22 OLE Reward)
Level 3: Trading Volume $500 (44 OLE Reward)
Level 4: Trading Volume $750 (66 OLE Reward)
Level 5: Trading Volume $1,000 (88 OLE Reward)
Level 6: Trading Volume $2,500 (220 OLE Reward)
Level 7: Trading Volume $5,000 (440 OLE Reward)
Level 8: Trading Volume $7,500 (660 OLE Reward)
Level 9: Trading Volume $10,000 (880 OLE Reward)
Day 6 (Hours 120–144)
Level 1: Trading Volume $100 (8 OLE Reward)
Level 2: Trading Volume $250 (21 OLE Reward)
Level 3: Trading Volume $500 (42 OLE Reward)
Level 4: Trading Volume $750 (63 OLE Reward)
Level 5: Trading Volume $1,000 (84 OLE Reward)
Level 6: Trading Volume $2,500 (209 OLE Reward)
Level 7: Trading Volume $5,000 (418 OLE Reward)
Level 8: Trading Volume $7,500 (627 OLE Reward)
Level 9: Trading Volume $10,000 (836 OLE Reward)
Day 7 (Hours 144–168)
Level 1: Trading Volume $100 (8 OLE Reward)
Level 2: Trading Volume $250 (20 OLE Reward)
Level 3: Trading Volume $500 (40 OLE Reward)
Level 4: Trading Volume $750 (60 OLE Reward)
Level 5: Trading Volume $1,000 (79 OLE Reward)
Level 6: Trading Volume $2,500 (198 OLE Reward)
Level 7: Trading Volume $5,000 (397 OLE Reward)
Level 8: Trading Volume $7,500 (595 OLE Reward)
Level 9: Trading Volume $10,000 (794 OLE Reward)
The Trade Early for More Campaign will have a maximum of 175,000 OLE rewards. When the number of rewards earned exceeds 175,000 OLE rewards, all rewards will be diluted according to the formula below:
diluted rewards = undiluted reward * (175,000 / earned total reward)
For example: On Day 1, Alice makes a $1,000 trade and earns 108 OLE. On Day 2, she makes another $1,000 trade and earns 103 OLE. At the end of the Trade Early for More Campaign, the total prize pool generated 350,000 OLE. Using the formula above, Alice earned 105.5 OLE after dilution:
105.5 = (108 + 103) * (175,000/350,000)
KUS will be distributed based on the number of OLE you have earned.
KUS reward = (earned OLE/total OLE pool) * 20,000 KUS
For example, if you have earned 1,000 OLE and the cumulative reward issued is 100,000 OLE, the amount of KUS earned will be:
200 KUS = 1,000 OLE/100,000 OLE * 20,000 KUS
KUS rewards can be claimed 3 business days after the end of the campaign. You can find the KUS claim button on the “Rewards” page.
Please note that volume count only includes opening positions, but not closing positions. Each address can receive a maximum of 3,000 OLE and 342 KUS rewards from this campaign.
Lend to Get Rewards
During the campaign period, you can lend assets to KUS— KCS pair and receive lending rewards based on the amount and length of lending.
The total reward for the lending campaign is 75,000 $OLE. The following formula will be used to calculate the reward for each user:
In addition, to incentivize market liquidity on KCC, OpenLeverage will distribute 150,000 OLE rewards for lending to the two pairs:
- KCS — ETH
- KCS — USDT
Referral Program and Invitation League
Invite your friends to get on the Invitation League, where 46.6% of the trading fees will be distributed to the 3 top referrers at the end of each epoch. Of the pool, first place will receive 50%, second place will receive 30%, and third place will receive 20%.
The Referral Program is also live, where you can get up to 25% of your friend’s rewards. For example, if your friends earn 100 OLE tokens, you can earn 25 OLE tokens. Your friends earn and you can get rewarded, too.
Invite your friends to maximize your rewards and start trading here.
About OpenLeverage
OpenLeverage, a permissionless lending and margin trading protocol, is deployed on Ethereum, the BNB Chain, and KCC, with future multi-chain deployments planned. The permissionless design of the protocol allows users to launch a leverage trading market for arbitrary trading pairs, integrating with the liquidity provided on decentralized exchanges. OpenLeverage provides a permissionless, decentralized, scalable, and secure leveraged trading facility that serves the long tail and fast-growing DeFi market.
Since their successful launch on Ethereum mainnet in December 2021, the BNB Chain in February 2022, and more recently onto KCC in April 2022, OpenLeverage has been improving the protocol and interface in the best interest of their community. OpenLevereage currently has grown to more than $240 million trading volume, $12 million in TVL, with thousands of active addresses.
