CSO Follow Up Report
Warmest Greetings, CrossFi family!
We are immensely delighted to announce another outstanding successful entry to the CSO collection.
If you have been a partaker of the Cross Swap Opportunity (CSO) trend, you must know about the giant successes that have been recorded in each round.
We are filled with pride and gladness to announce that CSO Round #10 was an incredible push-through. The event which took place August 10, 2023, at exactly 20:00 (UTC+8 Singapore Time) oversaw the total distribution of 882 Filecoins.
Here are the statistical recordings from CSO #10:
A total of 882 FILs (Filecoins) were stipulated for the event and they were all distributed. A cumulative summation of Limit-220 FILs and Unlimit-662 FILs
· A total of 280,576.2 CRFIs were burned
· The Limit swap exchanged 65,029 CRFIs
· The Unlimit swap exchanged 195,952 CRFIs
· The burned CRFIs included 19,595.2 CRFIs charged as Participation Fee in the Unlimit swap
· The Swap Ratio set immediately before the event was 296:1
Verification of the CRFI burn can be done at these incineration addresses:
BSC TXID:
0x3dd3a11f268ff07e27a901f9fde0e7c6fd7296060a69793d87b49da7176f54df
ERC20 TXID:
0x67d9bcba22e69887df7d029d4906024f48a2e7a844c8315a6f77f8effc8ab23a
All 882 FILs in the pool were utilized. Had it been the event was in any way less successful and consequently gathered unclaimed Filecoins, the remainders would be compounded into the pool for CSO #11, therefore an entirely new pool will be created for the coming round.
Notably, the swap pool was sponsored by 5% of revenue generated by CrossFi Borrow. This means that the higher the popularity of CrossFi Borrow, the bigger the Filecoin pool for the next CrossFi Swap Opportunity. CrossFi is a built-in feature of CrossFi DApp that allows users to borrow cFIL (Filecoin) using sFIL as collateral. You can learn more about the feature here.
Please refer to the CrossFI Whitepaper for details on what CrossFi Swap Opportunity (CSO) entails: How Does CSO Work?
We prolly hope you enjoyed and gathered profits from the 10th CSO event. More opportunities are on the way. Stay tuned.
CrossFi is a cross-chain protocol that provides liquidity for Filecoin staking and rewards.
CrossFi Official Website: https://crossfimain.com
CrossFi DApp Address: dapp.crossfimain.com
CrossFi Official Twitter Account: https://twitter.com/globalcrossfi
CrossFi Official Discord Group: https://discord.gg/UKGSX3VBY3
CrossFi Official Global Telegram Group: https://t.me/crossfimain_en
