OolongSwap Trading Incentive 2.0

OolongSwap
2 min readAug 6, 2022

Hello Oolongans — 👋👋

This month, we will continue the trading incentive from last month and allocate a small portion of OLO to incentivize users to trade on OolongSwap!

We will be allocating 5M of OLO(approximately $5K worth) to incentivize trading on Oolong. Unlike the trading competitions, this time only top 50 traders of the month will receive trading rewards, and the $5K will be evenly distributed among the top 50 traders ($100 per person).

Below is the list of tokens that will qualify for the Oolong Trading Incentive (for swaps to be eligible for rewards, tokens on both sides of the trade needs to be included in this list):

OLO

BOBA

WETH

WBTC

OMG

AVAX

BNB

USDC

DAI

USDT

BUSD

FRAX

eg:

swap WBTC for BOBA- yes ✅

swap USDC for WAGMI- no ❌

How are users rewarded?

1st — 50th place

#1-#50 100000 OLO per person

Important disclaimer:

  • The rewards recipients HAVE TO BE EOA.
  • Any non-EOA participants will be disqualified and transaction fees will not be refunded.
  • Since devs will need to check to see if any participant has broken the rule stated above before we can give out rewards, it will take approximately 1 week to distribute the rewards after the ending of the competition.

About OoolongSwap

OolongSwap is the biggest DEX on Boba Network, a layer-2 blockchain scaling and augmentation 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.

Website: https://oolongswap.com

Twitter: https://twitter.com/oolongswap

Discord: https://discord.gg/savwHHXsmU

Telegram: https://t.me/oolongswap

Medium: https://oolongswap.medium.com

Gitbook: https://docs.oolongswap.com

Github: https://github.com/OolongSwap/oolongswap-deployments/

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OolongSwap

Brewing Boba Network’s first native AMM— more to earn, less to spend🍵