OolongSwap Trading Competition — WAGMIv3
Welcome to the Second Oolong Trading Competition! You guys absolutely smashed it last time! Last Oolong Trading Competition (also the very first one) was a huge success — not only did the community engagement boosted drastically, we have also reached big milestones for the project itself: over $100M monthly trading volume and because of that everyone who farmed/earned WAGMIv2 tokens from Oolong was able to redeem 1 WAGMI for 2 BOBA 🎉🎉🎉
Second Oolong Trading Competition
Now let’s dive into the details of the Second Oolong Trading Comepetition — this time, our KPI will be the total trading volume of Oolong in May. Users will be able to redeem WAGMI for BOBA at a at least 1:1 ratio; when the monthly trading volume surpasses $75M, users will be able to redeem WAGMI for BOBA at a 1:2 ratio.
Below is the list of tokens that will be qualify for the Oolong Trading Competition (for swaps to be eligible for rewards, tokens on both side of the trade needs to be included in this list):
swap WBTC for BOBA- yes ✅
swap USDC for WAGMI- no ❌
How are users rewarded
1st — 10th place (account for a total of 70% of the 20% WAGMIv3 distributed to trading competition)
#1: 22500 WAGMIv3
#2: 17500 WAGMIv3
#3: 12500 WAGMIv3
#4: 8750 WAGMIv3
#5: 7500 WAGMIv3
#6: 6250 WAGMIv3
#7: 5000 WAGMIv3
#9: 2500 WAGMIv3
#10: 1250 WAGMIv3
11th — 50th place (account for a total of 20% of the 20% WAGMIv3 distributed to trading competition)
#11–50: 625 WAGMIv3 per person
51st — 100th place:(account for a total of 10% of the 20% WAGMIv3 distributed to trading competition)
#51–100: 250 WAGMIv3 per person
- The rewards recipients HAVE TO BE EOA.
- Any non-EOA participants will be disqualified and transaction fees will not be refunded.
OolongSwap is the biggest DEX on Boba Network, a layer-2 Ethereum scaling solution. As Boba’s first native AMM, it is Oolong’s mission to create the best exchange, best user experience, and deepest liquidity on Boba as our motto is “more to earn, less to spend”. Aside from the regular DEX features, we have also introduced features such as dynamic pair fees to offer users lower trading slippage, multea farm for users to earn double the rewards with the same investment capital and PCV and bonding to offer a sustainable future for Oolong. Our vision is to become the gateway between Boba and the rest of DeFi world, expanding the Boba ecosystem and help new and experienced DeFi users alike find their crypto home.