Hot Cross was 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 is achieved with increased transactions and volume and will mutually benefit both Hot Cross and OpenLeverage.
In celebration of the partnership between OpenLeverage and Hot Cross, we 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.
Trade to Get Rewards
Members who open positions with trading volume levels during the campaign will be awarded the corresponding OLE rewards and calculated by 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.
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.
Referral Program and Clans Clash Invitational
Invite your friends to join the Clans Clash Invitational, where 46.6% of the trading fees will be distributed to the 3 top clans 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 rewards, you can earn 25 OLE. Your friends earn, and you can get rewarded, too.
Invite your friends to maximize your rewards and start trading here.
About Hot Cross
Hot Cross is 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.
The core thesis that Hot Cross presents is that users and teams will migrate in part to new networks that feel familiar when presented with good tooling and freedom. Hot Cross is a company and an ecosystem in and of itself, and its goals are towards allowing diverse communities to flourish using their technologies, whether or not they know that they are the ones building them.
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 our 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. OpenLeverage currently has grown to more than $370 million in trading volume, $12 million in TVL, with over 15,000 active addresses.