Rubic Weekly Report 05/06/22

Rubic
4 min readMay 6, 2022

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Here is our weekly update!

Development

1. LP

Round 1 of our Liquidity Providing Program is Live! Right now, Round 1 is open to all users with an APR of 27%. The first users are already participating and getting rewards every day, so you can start adding liquidity directly on Rubic right away via https://app.rubic.exchange/staking-lp.

Since rewards are distributed through a stablecoin like USDC, it has no volatility. You can check your APR daily and estimate your profit. Learn more about our LP Program & read our detailed instructions here.

2. Celer Integration Announcement

This week, we announced the coming integration of the Celer Inter-chain Message Framework to facilitate cross-chain swapping of tokens. It will provide our users with more efficient, faster, and lower-cost options for Multi-Chain swaps, where the best token swap options can be aggregated and executed with a single click of a button.

The implementation of Celer IM will improve rates & greatly increase the maximum trade amounts for swaps at https://app.rubic.exchange. It’ll also open even more opportunities for multiple cross-chain expansions in the future! We will reveal more details about this implementation later.

Marketing

1. The Rubic team is thrilled to announce the listing of our RBC token on Crypto.com Exchange DeFi Wallet. This is the non-custodial wallet which means that you have full control of your private keys. You can send crypto to anyone at your preferred confirmation speed and network fee.

2. This week, our Lead Business Developer, Sven, was at the Blockchain Fest 2022. Blockchain Fest is an interactive hybrid event that took place in Cyprus this year. With over 1,000 attendees, it had a special focus on blockchain, exchanges, cryptocurrencies, decentralized finance, NFTs, mining, gaming and gambling, online payments, and investing.

And yes, Rubicans, he got your idea!

2. During this week, our protocol development updates and TVL rise was noticed by many Twitter influencers. Here are also just a few examples:

3. One of the latest projects to integrate our SDK is Tokenplace, a rapidly-growing online trading platform & exchange aggregator.

Tokenplace is the ultimate crypto trading tool. Its goal is to give access to the entire crypto market with the best-possible security and functionality.

We’re preparing something cool for you, Rubicans, so stay tuned for next week!

4. So far, we have more than 3,653 referral links created as part of our Referral Campaign. We’d now like to share some of the projects that we’re building partnerships with. This week, the following projects integrated the Rubic Relay Widget with the help of our referrals:

Cosmik Finance (COSMIK) — An auto-staking protocol on BNB Chain with Dynamic Tax & Dynamic APY.

ZooDAO (ZOO) — A community-governed platform powered by the Aragon project, enabling users to generate a yield from NFTs using yearn.finance.

EarnX V2 (EARNX) — A project creating exclusive physical NFTs that are powered by native art, designed by EarnX’s native art-makers around the world.

UltimateAPY (UAPY) — UltimateAPY TOKEN is a BEP-20 token that rewards its holders with automatic passive interest payments.

5. This Friday, we’re holding Collin O’Brien’s Weekly AMA, taking place on Twitter Spaces and Telegram with special guest Craig Wilson, NFT, Web 3.0, Metaverse expert, and Community Manager of Unigrid!

During this AMA, Collin will cover all the latest updates and answer questions from the community, which you can always send him on Twitter or Telegram at https://t.me/CollinOBrien. The best 5 questions will be rewarded. Check out all the details here.

Thank you for your continued and much-appreciated support!

Rubic

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Rubic
Rubic

Written by Rubic

Rubic's Best Rate Finder tool for crypto swaps aggregates 90+ blockchains, 220+ DEXs and bridges, and 15,500+ crypto assets.

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