Join ZUSD Campaign on Layer3 and Earn Your Share of $10,000 Rewards!
We are thrilled to announce our ZUSD Campaign on Layer3, where participants can share $10,000 ZUSD rewards. Whether you’re an experienced trader or just starting out, this campaign is for you.
Read on to discover how you can get involved and start trading today.
Join the ZUSD quest on Layer3: https://l3.xyz/ZUSD
How to Join the Campaign:
To participate in the ZUSD Campaign and have a shot to share a total of $10,000 ZUSD rewards, simply follow these steps and complete the actions.
1. Trade ZUSD on one of these DEXs
Get started by trading at least $10 ZUSD on one of these DEXs:
- Swap on Curve: ZUSD on Curve
- Deposit on Curve: ZUSD on Curve
- Swap on Uniswap: ZUSD on Uniswap
By making a trade of at least $10 ZUSD on either of these platforms, you will secure your entry into the campaign.
2. Follow us and Retweet
Follow our Twitter account @GMOTrust and retweet our campaign post to stay updated with the latest information and announcements.
3. Finish the Quizzes
Learn about the USD stablecoin ZUSD and test your knowledge by completing the quizzes on Layer3.
・What is ZUSD (Z.com USD): https://stablecoin.z.com/what-are-gyen-and-zusd/
・Join the ZUSD quest on Layer3: https://l3.xyz/ZUSD
Tips to Take Advantage of LP Incentives and Maximize Returns
To make the most out of the ZUSD campaign and increase your potential returns, we have some tips for you. With two simple steps on Curve and Convex Finance LP, participants can not only become eligible for prizes but also have the potential to earn additional returns through incentives.
Step 1:
Provide liquidity in Curve’s ZUSDFRAXBP pool. You can deposit ZUSD or FRAX or USDC, or all.
・ZUSDFRAXBP Pool on Curve: https://curve.fi/#/ethereum/pools/factory-v2-305/deposit
Step 2:
Deposit and Stake your Curve LP tokens in Convex Finance.
・ZUSD+FRAXBP Pool on Convex: https://www.convexfinance.com/stake
After providing liquidity on the Curve pool, you can take it a step further by depositing and staking the Curve LP token in Convex Finance.
This will allow you to earn even more incentives and rewards potentially. As of July 17, 2023, the projected vAPR for the pool is 14.65%, providing an excellent opportunity to boost additional profits.
Quest Completion Prizes
Once you have successfully completed the above actions, you will be eligible to win your share of the $10,000 ZUSD reward! The leaderboard will determine the winners based on the total amount of ZUSD traded by participants.
The top-ranking participants will receive the following leaderboard prizes:
- 1st Place: 1000 ZUSD
- 2nd Place: 900 ZUSD
- 3rd Place: 800 ZUSD
- 4th Place: 600 ZUSD
- 5th Place: 450 ZUSD
- 6th Place: 400 ZUSD
- 7th Place: 350 ZUSD
- 8th Place: 300 ZUSD
- 9th Place: 250 ZUSD
- 10th Place: 200 ZUSD
- 11th-50th Place: 50 ZUSD each
- 51st-100th Place: 25 ZUSD each
- 101st-200th Place: 15 ZUSD each
The more you trade, or deposit as LP in Curve’s ZUSDFRAXBP pool, the higher your chances of securing a top position on the leaderboard and winning a substantial ZUSD reward.
Join us today and claim your spot at the top of the leaderboard!
Start Trading Now ▶▶ https://l3.xyz/ZUSD
Note: The leaderboard prizes are subject to change based on campaign rules and participant engagement. Stay tuned for any updates or announcements regarding the distribution of prizes.
The projected vAPR mentioned in this article may vary, so participants are advised to stay updated with the latest information and adjust their strategies accordingly.About GMO-Z.com Trust Company
Building Financial-Grade Digital Assets. The World’s First Regulated JPY-Pegged Stablecoin Issuer. Visit our website to learn more.
Disclaimer
This content is not financial advice and it is not a recommendation to buy or sell any financial instruments, FX trading, cryptocurrency or engage in any trading or other activities. You must not rely on this content for any financial decisions. Acquiring, trading, and otherwise transacting with financial instruments or cryptocurrency involves significant risks.
We strongly advise our readers to conduct their own independent research before engaging in any such activities. GMO Trust does not guarantee or imply that any cryptocurrency or activity described in this content is available or legal in any specific reader's location. It is the reader's responsibility to know the applicable laws in their country.
Before engaging in trading activities on decentralized exchanges (DEXs) or participating in liquidity provision on DEX pools, it is essential to understand and acknowledge the inherent risks involved. Decentralized exchanges operate on blockchain networks and smart contracts, allowing users to trade digital assets without the need for intermediaries. However, please be aware of the following risks associated with such activities:
1. Lack of Regulation and Oversight: Decentralized exchanges often operate without the oversight and regulatory protections provided by traditional financial institutions or government bodies. This means that any losses incurred due to unforeseen circumstances or malicious actions may not be recoverable or protected by relevant authorities.
2. Smart Contract Vulnerabilities: DEXs rely on smart contracts to execute transactions and handle liquidity provision. Smart contracts are not immune to bugs, coding errors, or potential vulnerabilities, which could lead to significant financial losses if exploited by bad actors.
3. Impermanent Loss for Liquidity Providers: By providing liquidity to DEX pools, you expose yourself to the risk of impermanent loss. This occurs when the value of the assets you have provided as liquidity changes relative to each other during market fluctuations, resulting in a temporary loss of value compared to holding the assets outside the pool.
4. Price Slippage and Volatility: DEXs may experience price slippage, where the actual executed price of a trade differs significantly from the expected price. Volatile market conditions on DEXs can amplify price fluctuations, leading to unexpected losses or gains.
5. Security Risks and Hacks: Decentralized exchanges, like all online platforms, are susceptible to security breaches and hacking attempts. Malicious actors could exploit vulnerabilities to gain unauthorized access to user funds or disrupt platform operations.
6. Limited Asset Coverage: DEXs may not support all digital assets, limiting your ability to trade or provide liquidity for certain tokens or cryptocurrencies.
7. Transaction Delays and Network Congestion: Trading on DEXs may experience delays and higher transaction fees during times of network congestion, which could affect the speed and cost-effectiveness of your trades.
8. User Error: Users should exercise caution when operating on DEXs, as erroneous transactions or incorrect input of information may lead to unintended outcomes or irreversible losses.
9. Financial Loss and Liquidity Risk: Trading and providing liquidity on DEXs involve financial risks, and there is no guarantee of profits. In some cases, you may experience losses greater than the initial investment, including the potential loss of the entire investment.
Conclusion:
The risks associated with trading on decentralized exchanges and providing liquidity on DEX pools should not be taken lightly. As a user, it is your responsibility to conduct thorough research, understand the mechanisms of DEX platforms, and assess your risk tolerance before engaging in any transactions. You should consider seeking advice from a qualified financial advisor or conducting your due diligence before making any decisions. By proceeding with DEX activities, you acknowledge that you have read and understood the risks outlined in this disclaimer and accept full responsibility for your actions and their consequences.
Remember that the cryptocurrency market is highly volatile, and past performance is not indicative of future results. Only invest what you can afford to lose, and exercise prudence when participating in decentralized exchange activities.
