What are blockchain bridges?
To begin with, let’s start with the basic question of what exactly a blockchain bridge is. Blockchain bridges are connections that allow the transfer of tokens, data or even smart contract instructions from one blockchain to another. The bridges enable interoperability between different blockchain networks such as Ethereum and Solana. Without it, blockchains would be nestled in isolation, drastically lowering the viability for users.
Why do we need bridges?
As we have discussed in the previous article, cross-chain interoperability is inevitable in the future of DeFi. The first DeFi projects were built on Ethereum. However, with…
APYSwap joins the cheerful May spirit by hosting a large meme competition with the prize pool comprising of $10,000 worth of $APYS.
The contest begins now and will last until May 31, 12 UTC, so there is plenty of time for you to come up with original and witty jokes. We would like to see how many interesting and exciting memes our community would create.
Let’s explain the general procedure first:
What is cross-chain communication?
Cross-chain communication refers to the interlink and exchanges of data and other pieces of information on-chain, between blockchains. For example, when the Ethereum blockchain communicates with the Binance Smart Chain if you wanted to move assets.
In a centralized world with a traditional financial system, when you travel internationally, you can use your credit card that allows foreign transactions to purchase local merchandise and services without needing to worry about what the local currency is, this is known as interoperability. The same idea applies to the world of blockchain as well in the form of cross-chain…
We are pleased to announce that together with our partners at Mdex we are opening an incentive farming for APYSwap’s tokens, enabling users to stake APYS/USDT on Mdex exchange. We hope that this event will benefit the members of our respective communities by rewarding them with some extra tokens.
Now, let’s dive into the event’s details.
An incentive farm for APYS/USDT LP will launch on April 27 at 12:00 GMT. The event will last through May 11, 12:00 GMT and participants will be gain an equivalent of 100,000 USDT in MDX.
Furthermore, we are very excited to reveal that Mdex…
The largely anticipated feature is finally here!
We have been teasing the joint ownership of the NFTs for a while now. And today we are very excited to bring our vision to live, splitting the ownership of two NFTs on Binance Smart Chain network between our community members. The event will begin on April 23 at 1:00 pm UTC.
A BSC bridge will be built to transfer two OpenSea-issued NFTs (a courtesy of First NFT Agency). While we are at it, let’s take a brief moment to appreciate their team’s design. Isn’t it something?
Familiarize yourself with the concept of tokenized vaults
DeFi, with its limitless solutions and possibilities, is not the simplest thing to master. Maximizing your returns requires time, information, and an ability to sift through all the confusing protocols while balancing everything delicately. For a landscape that is ever changing, this can be incredibly time consuming for the average user.
But that’s about to change with APYSwap vaults.
For traders, especially those who trade more casually, the process of studying every service and researching every protocol is time consuming and can sometimes be frustrating. APYSwap offers a unique solution to this…
We are very happy to become a part of PancakeSwap family, who are launching a new Syrup Pool for APYSwap. Here are some details about the pool:
Total Tokens: 172,000 APYS
Distribution duration: 60 days
Start block: 6353200 (April 7th 3PM SGT)
Finish block: 8081200 (June 6th 3PM SGT)
Token rewards per block: 0.09953 APYS
You will be able to stake CAKE tokens to earn APYS rewards by following the steps below:
· Go to PancakeSwap website: https://pancakeswap.finance/syrup
· Select “Approve CAKE” on the APYS Syrup Pool
· Click on the stake button
· Confirm the transaction
The long awaited release of the vaults is finally here, launching at 5:00 pm UTC. A limited amount of rewards ($200K) will be available, paid out in APYS at the current rate of the vault’s unlock. After the rewards budget is expended, you will still be able to create vaults, however, no additional rewards will issued.
BNB (native), WBNB, APYS, CAKE, USDT and BUSD tokens can be locked in our vaults.
3 locking periods will be available:
Let’s begin by going over some of the details. Firstly, APYS token circulation on BSC will not add to the total circulation. Tokens will be locked on Ethereum bridge contract and sent out from BSC bridge contract. You can transfer tokens back to Ethereum, by locking them on BSC, after which they are released from Ethereum bridge contract.
At the moment, we’ve minted 100,000 APYS on the BSC bridge contract and transferred 50,000 APYS from Ethereum to BSC (to provide liquidity on PancakeSwap). A BNB/APYS trading pair was also launched at PancakeSwap.
This is all of the information that you…
Back in early March, we introduced the idea of fractional ownership of the NFTs. If you need a reminder, NFT stands for a non-fungible token, a special type of the non-mutually interchangeable cryptographic token. Recently, they became increasingly popular among the crypto users with the events such as Twitter’s CEO offering to convert his first tweet into the NFT and Injective Protocol’s purchase and subsequent burning of the Banksy’s painting hyping them up.