Oddz Finance: Newsletter

August 2021

Published in

oddz finance

4 min readSep 10, 2021

August was an eventful month which involved $ODDZ/$BNB trading competition on PancakeSwap, the completion of our Security Audits, Testnet launch on Polygon and finally the grand announcement of Mainnet Carnival on BSC.

August Highlights-

Partnerships and Announcements

The month of August witnessed some significant announcements like the partnership with the substrate framework blockchain, Konomi, ODDZ/BNB trading competition on PancakeSwap with prize money of $10,000 worth of $ODDZ, LP program on Hot Cross, Oddz Incentivised Testnet launch on Polygon testnet with a prize money of $30,000 worth of $ODDZ and $10,000 worth of $MATIC and the successful completion of our Smart Contract Audits done by PeckShield and Slowmist.

ODDZ/BNB Trading Competition on PancakeSwap

The month started with the biggest trading competition on PancakeSwap which is the biggest Automated Market Maker (AMM) decentralized exchange (DEX) built on top of Binance Smart Chain. Being the most heavily used AMM for yield and staking, the competition was of immense success. The top 10 traders got rewards up to $10,000 in ODDZ tokens.

Oddz Collaborates With Konomi

Oddz is a multi-chain protocol and Konomi provides cross-chain liquidity which would give a one-stop insight to all the users for dealing with their assets on the multiple chains that Oddz is built on. This collaboration will help to manage users’ crypto holding positions, trade assets and earn interest through decentralized money market products.

Stake $ODDZ, $HOTCROSS and $ODDZ — $BNB LP on Hot Cross

The community was delighted with Hot Cross collaboration where the holders could earn $ODDZ rewards by staking their $ODDZ token on Cross-Pool by Hot Cross and also earn $ODDZ tokens by staking their $HOTCROSS and $ODD-$BNB LP tokens on Hot Cross. Cross Pool is a member of Hot Cross product suite that offers a secured and decentralized way of rewarding users for staking both LP tokens and single-sided, traditional BEP20 tokens.

Oddz Passes PeckShield and Slowmist Audit

Having smart contracts being audited by PeckShield and Slowmist, it opened gates for several partnerships and great events. Oddz Protocol successfully passed the security audit that improved the overall security, safety, and usability.

Winners of $ODDZ/$BNB Trading Competition Announced

As promised the top 10 traders were rewarded with $10,000 in $ODDZ were distributed.

Detailed Guide to Oddz Incentivised Testnet on Polygon

The Incentivised Testnet Program on Polygon majorly consisted of three events — the Leaderboard Challenge, the Bug Bounty Program and the Airdrop. This program was to help the users understand how to adapt to the new features on Polygon testnet that ensured faster and extremely low-cost transactions.

Oddz Mainnet Launch on Binance Smart Chain

After a series of successful testnet launches, Oddz finally set to launch their Mainnet Carnival on Binance Smart Chain (BSC) where the users could win up to $5,700 every week in Leaderboard Competition and Airdrop worth $27,200 in $ODDZ tokens.

Oddz Academy

Introduction to Crypto Derivatives

Here the community was educated about how the most commonly used derivatives in the traditional market include futures and options. These futures and options can be created for any underlying asset such as stocks, commodities, currencies and even cryptocurrencies! Today, the most popular crypto derivative in the market, Bitcoin future, is the most prominently exchanged derivatives.

What Are The Different Types Of Derivatives?

To protect traders from increased volatility of the crypto market and also to speculate on the price action of cryptocurrencies which have the power to provide high returns on investments or wipe out the entire investment if the market crashes, there are many financial instruments available in the market. It conveys how derivatives are financial instruments which are contracts deriving their value from the underlying cryptocurrency due to its major advantages.

Events and Community

With effective and successful token security audit, the Oddz community has rapidly grown. PancakeSwap Competition and Testnet launch had observed immense community engagement on all our social media platforms like Instagram, Twitter, Telegram Chat and Announcement channels.

Listings

Oddz recently got listed on Bitbns and Kucoin.

You can now exchange ODDZ tokens on PancakeSwap, Bilaxy, Hoo and AscendEX.

Message from the CEO:

This month was full of adventures where the whole team was able to deliver multiple targets simultaneously. We organised the trading competition and LP program on PancakeSwap and Hot Cross respectively. We were also able to deliver our testnet on Polygon network. We are glad to have received the audit report right on time so we could launch on BSC mainnet.
Looking forward to seeing you all on Oddz Mainnet that is launching on September 13, 2021.
Aishwarya Shivakumar Haroshivanahalli, Co-Founder and CEO, Oddz Finance

Hope you enjoyed reading about us!

About Oddz

Oddz is a trustless on-chain derivatives 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, Binance Smart Chain, Polkadot, Polygon, Elrond Network and Chromia to unleash the potential of a decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.

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