Key Feature Update & Introduction to OpenSwap Troll Camp!
On our rapid march towards our core technology rollout, we’re excited to announce the upcoming launch of OpenSwap Troll Camp, a fun community-focused initiative to allow OpenSwap users to stake OSWAP and be rewarded with:
- Troll Camp rewards in OSWAP tokens
- Up to 40% Rewards Boost for future OSWAP staking campaign
- Flash Sale participation on OpenSwap Restricted Group Queue
- Exclusive Bridge Troll NFT
- Sustainable income on Open Interchain Protocol
Continue reading to find out more.
Upcoming Key Feature Updates
As we enter phase one of our core technology rollout, the OpenSwap team is excited to introduce to our community, our first key feature — Spot Price Queues, the initial type of Liquidity Queue that will enable swaps to occur at spot-market prices obtained from decentralized oracles! A truly unique and powerful DeFi features unseen in the current landscape, and we’re aiming to release this feature in October!!
For those who don’t already know, the ‘Liquidity Queue’ concept is a first and an important puzzle piece to OpenSwap’s mission of revolutionizing on-chain liquidity! It all starts with the DEX aggregator offering users the choice to fulfill their swap with any liquidity source on any chain including zero slippage sources like OpenSwap’s liquidity queues. Then, our Hybrid Smart Router will allow OpenSwap to utilize existing liquidity in AMM pools in conjunction with liquidity queues to execute swaps in the most efficient manner providing the most return for our users’ swaps. And finally, all will be linked up to make inter-chain swaps a seamless reality when we finally roll out the Open Interchain Protocol, a cross-chain bridging solution that offers efficient cross-chain swaps of chain-native digital assets through the usage of single-asset vaults and decentralized mechanisms!
Bridge Trolls and Open Interchain Protocol
At the core of the interchain protocol is the concept of ‘Bridge Trolls’. Bridge trolls perform the tasks of monitoring the protocol for transaction requests, verifying and signing transactions to carry out the withdrawal of funds on different blockchains. Trolls will need to stake bonds in the form of the native OSWAP token to be a part of this Open Interchain Protocol mechanism, and as rewards, they will earn a portion of the transaction fees as assets cross the bridge!
There will be two types of Bridge Trolls:
Green Trolls: Users can become a ‘Green Troll’ by running the bridge troll node software, possessing one or more Bridge Troll NFTs, and staking the qualifying OSWAP stake on the primary chain. The main duty of a Green Troll is to verify and sign bridge transactions assigned to them. The number of Bridge Trolls involved in a particular transaction will depend on the size of the transaction. The larger the transaction, the larger number of Green Trolls that will be assigned to validate the transaction. In return, signing trolls will receive a portion of the bridge fees.
MEAN Trolls: ‘MEAN Trolls’ are upgraded Green Trolls. These superior trolls require a larger OSWAP qualification stake, and in return carry out additional responsibilities for a greater share of the transaction fees. To be trusted to carry out these additional responsibilities, all Mean Trolls need to be voted into place by the Bridge Community and require a specific MEAN Troll NFT key to serve this role. Additionally, MEAN trolls will need to post a bond on each chain to be eligible to participate in withdrawal tasks. Their assigned transactions are based on their ability to cover the transaction amount with their bonds.
Earning Bridge Troll NFT from OpenSwap Troll Camp!
Okay, the concept is that Bridge Troll operators will be required to have specific NFTs in their operator address to run a Bridge Troll node.
To earn these Bridge Troll NFTs, community members will need to enroll in the OpenSwap Troll Camp, a safe and fun portal where community members can stake OSWAP to become potential future Bridge Trolls!
Depending on the amount of OSWAP tokens staked, community members will be categorized in 1 of 3 BabyTroll tiers; the more OSWAP staked, the higher BabyTroll tier you’ll be in.
Without further adieu, let’s introduce the features of each of the 3 Baby Troll tiers — and welcome you to the #OpenSwapTrollCamp!
The First BabyTroll Tier: Hungry BabyTroll
Introducing the first BabyTroll Tier: Hungry BabyTroll.
- Community members who stake 25,000 OSWAP will become a Hungry BabyTroll tier
- 5% Rewards Boost for all future OSWAP staking campaigns on OpenSwap
- Exclusive ‘Hungry BabyTroll’ Bridge Troll NFT
- Troll Camp staking rewards 2% APR
- Periodic inclusion to Flash Sales on OpenSwap Restricted Group Queues
The Second BabyTroll Tier: Happy BabyTroll
The second BabyTroll tier will be the: Happy BabyTroll.
- Community members who stake 75,000 OSWAP will become a Happy BabyTroll tier
- 15% Rewards Boost for all future OSWAP staking campaigns on OpenSwap
- Exclusive ‘Happy BabyTroll’ Bridge Troll NFT
- Troll Camp staking rewards 4% APR
- Priority inclusion to Flash Sales on OpenSwap Restricted Group Queues
The Third BabyTroll Tier: Hunny BabyTroll
Last but not least, the third BabyTroll tier: Hunny BabyTroll.
- Hunny BabyTroll will be community members who stake 300,000 OSWAP
- Up to 40% Rewards Boost for all future OSWAP staking campaigns on OpenSwap
- Exclusive ‘Hunny BabyTroll’ Bridge Troll NFT
- Guaranteed inclusion to Flash Sales on OpenSwap Restricted Group Queues
- Troll Camp staking rewards 6% APR
- As a Hunny BabyTroll, you’ll have access to VIP previews of future OpenSwap key features and Troll Camp updates!
All OSWAP rewards earned from participating in the Troll Camp stake will be distributed upon the end of the staking period, and will not be subjected to any vesting schedule!!!
We wish to take this opportunity to remind all community members to take good care of their BabyTrolls — If you nurture them right, they may become powerful creatures in the future who can help generate consistent rewards and sustainable income!
Rationale Behind Bridge Troll NFTs
Every Bridge Troll NFT will be unique and represents a stake, for example; if you stake OSWAP tokens in the ‘Hungry BabyTroll’ Camp, you will be able to earn a ‘Hungry BabyTroll’ NFT, and the same goes for ‘Happy BabyTroll’ camp and ‘Hunny BabyTroll’ camp. Every time the Troll Camp staking is opened, each BabyTroll tier will have a max cap in the available slots for that specific intake, so be sure to have sufficient OSWAP ready before the Camps open!
Bridge Troll NFTs will entitle you to amazing unique-to-OpenSwap benefits including OSWAP staking Reward Boost, APR, and much more! These Bridge Troll NFTs are transferable, but you will need them to get back the OSWAP tokens you stake as you would need to burn the NFT. Every time an NFT is burned, the user will receive back the OSWAP staked, and it opens up a free slot in Troll Camp for someone else.
For those who’d want to become a ‘Green Troll’ on the Open Interchain Protocol, you’d need to have either a ‘Hungry BabyTroll’, ‘Happy BabyTroll’, or ‘Hunny BabyTroll’ — Bridge Troll NFT. The NFT will represent the brand for your node, and you may build up your reputation and sell your NFT as you like! Additionally, a minimum stake of OSWAP tokens will be required to operate as a ‘Green Troll’ (more information will be released closer to the feature launch date).
As the OpenSwap team continues to innovate, we will continue to add more utilities to Bridge Troll NFTs and release more unlockables and even new tiers in the OpenSwap Troll Camp! All aimed to achieve long-term and sustainable health to the OpenSwap ecosystem.
We will be releasing more important information about OpenSwap Troll Camp in the coming days, be sure to follow us closely across all socials so you don’t miss out on important updates!
Learn More About OpenSwap
For those who are interested to obtain OSWAP tokens or wish to learn more on how OSWAP tokens can be earned, please explore the following link: https://www.openswap.xyz/
We encourage community members to partake in community discussions to help better shape OSWAP Tokenomics and help generate more utility ideas. Users may express their ideas to core team members through joining the OpenSwap telegram group: https://t.me/openswapdex
More information about OSWAP tokens will be shared with the community as the project continues to develop. In the meanwhile, please feel free to follow us on Twitter to receive the latest news and updates from OpenSwap.