Conflux Network
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Conflux Network

Introducing the First-Ever Multi-Token Yield Farming Campaign with MoonSwap and ShuttleFlow

Recently Conflux announced that we have reached a strategic partnership with OKExchain to make it easier for global DeFi projects to enter Asia. In an effort to propel DeFi development and adoption on a global scale, the partnership will enable interoperability between Conflux and OKExChain, a set of open-source public chain projects developed by OKEx, via a token bridge for on-chain assets.

Autonio— $NIOX, a suite of liquidity and market-making tools, including a DEX and NIOX token.

QCAD— $QCAD, a CAD stablecoin, or a stablecoin pegged 1:1 to the Canadian dollar.

Mettalex— $MTLX, a decentralized commodities derivatives trading platform powered by Fetch.ai technology.

Set Protocol— $DPI, indexes of tokens.

Oasis Network— $ROSE, privacy-preserving audits and fraud detection.

MoonSwap— $MOON, L2 AMM built on the Conflux chain.

SPICE DAO— $SPICE, which is a decentralized community that launches and governs tokenized investment funds like $SCIFI and $GB.

Ramp DeFi— $RAMP, a cross-chain DeFi solution to create new yield strategies and stablecoin collateralized by staked coins.

To build liquidity for these new cross-chain assets, we will be using our ecosystem DEX MoonSwap to build deep liquidity and volume for the Cohort members introducing their tokens to new chains.

This will be executed through a new program called “Liquidity Building” in collaboration with the Cohort members and MoonSwap DEX.

What is Liquidity Building?

Starting April 21st, a 1-week yield farming campaign with rewards paid out in $CFX, $cMOON, and the Cohort project’s native token will be launched on MoonSwap under the new “Galaxy” farm.

This will be the first-ever multi-token yield farm hosted on the MoonSwap platform and will all be possible with 0-gas and instant transaction speeds.

Details on how to participate in the yield farming campaign will be posted in the coming days by the MoonSwap team. To learn how to get your tokens from the Ethereum chain to the Conflux chain using our cross-chain bridge ShuttleFlow — you can reference this tutorial.

In parallel with the yield farming, there will be a trading competition held for all the Cohort members to encourage new volume and liquidity of Cohort wrapped tokens. Each of the 5 Cohort projects will provide $1,000 USD in their native token as a bonus for the top 6 users with the highest trading volume for that pair. The contest will last for one week in parallel with the active farm. Whichever pair has the highest trading volume over the duration of the contest will also receive a higher weight in farm rewards paid out in $cMOON the following week.

During the competition, the top 3 traders of Project Token / USDT in transaction volume, are eligible to receive:

  • First Place:$500 in tokens
  • Second Place:$250 in tokens
  • Third Place:$100 in tokens
  • 3 runner-up prizes of $50 in tokens

Special ShuttleFlow NFT Airdrop

Also during the event, transfers of over $10,000 in either $MOON, $Spice, $RAMP, $DPI, $MTLX, and $NIOX to Conflux through MoonSwap, will receive an airdrop of an exclusive “ShuttleFlow NFT”. We have prepared 6 types of NFTs, and each address can receive up to 1 of each type of NFT. The NFTs can be traded on the MoonSwap NFT market.

Note: All rewards will be issued 3 working days after the event ends.

The projects participating in the liquidity mining and trading competition program will be SpiceDAO, Ramp DeFi, Set Protocol, MTLX, and Autonio

note: Oasis Network($ROSE) and QCAD ($QCAD) will have their own liquidity building program at a later date

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Conflux Network

Conflux Network

Conflux is a PoW + PoS hybrid first layer consensus blockchain for dApps that require speed at scale, without sacrificing decentralization.