Oddz Finance: Newsletter
Another exciting month comes to a close, and it’s time for a round-up. If you missed out on our updates last month, here is everything that has been going on at Oddz. Some exciting product development milestones, features, events, competitions, and new goals — it has been a rewarding month, to say the least.
Without further ado, let’s dive in.
The options bought on Oddz Avalanche Mainnet crossed the 400 mark on 12th May. Now, it stands at XXX. The steady growth is a sign of the organic adoption of Oddz v2. We shifted from BSC to Avalanche earlier this year to leverage the greater organic traction and rising options trading volume on the Avalanche network. Evidently, the move is paying off.
Enter the Oddz/AVAX LP staking farm here.
Turkish and Korean integration
Oddz is a global community. As a token of love to our Turkish and Korean-speaking members, we integrated the local languages into our website and application. In April, we had similarly introduced a Chinese language drop-down.
We launched a fun contest where participants were to answer a quirky question: what will you do if you have $1M ODDZ in your wallet? We received a lot of interesting answers in the days that followed. The prize pool worth $1000 ODDZ was divided by 10 lucky winners at the end of the five-day contest.
Oddz ZeroSwap Leaderboard contest went live on 24 May. The 7-day contest allowed participants to trade the $ODDZ/$BNB pair on ZeroSwap and win up to 40,000 $ODDZ. The prize pool was divided among 100 winners.
Oddz Options League
Oddz Options League is now live. The 6-week contest is divided into six levels and has $55,050 ODDZ up for grabs. Oddz Options League is a trading contest to improve the trading experience while also awarding weekly prizes. Every week, traders compete against one another, with each week unveiling a new reward pool and a new opportunity to win juicy rewards! The exciting part, however, is the rewards ($ODDZ) for players who level up and maintain their position in the league. The contest is for six weeks from 30 May to 11 July, where traders will be eligible for receiving rewards based on the amount of premium spent on the platform.
Learn more: Introducing Oddz Options League
Here is your chance to earn a stable income from Oddz. You can now provide liquidity to your favorite option pools and earn 10,000 $ODDZ daily. All you have to do is stake your oUSD tokens and earn up to 60% APY!
This month, we’re working on improving the organic traction to Oddz Options. We have a lot of exciting community initiatives, contests, and features lined up for that. We will also be joining forces with key players in the market as part of building exposure around our platform and products. Most importantly, June will mark the launch of the next-big product from Oddz. While we can’t reveal what it is yet, we will continue to drop cues on our social media pages. And our delightful surprise for NFT collectors is in its last phase of development.
So, stay tuned!
Oddz is a trustless on-chain options trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner.
It employs the synergies of Ethereum, Avalanche, Binance Smart Chain, Polkadot, and Polygon to unleash the potential of a decentralized options market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying options trading and enhancing the user experience.