Hello, Rubicans! It’s been an exciting week filled with productive efforts in preparation for staking, as well as additional improvements to our App! Now, let’s delve into the details of our accomplishments.
Development
- Staking 2023
We’re very happy to announce the highly anticipated new round of RBC Staking, which starts on the Arbitrum Network on June 14th, 2023!
Rewards will be paid in the native Arbitrum token — Ethereum, and funded by sharing 50% of earned Rubic fees. We expect up to ~7–15% APR in ETH, which is highly competitive in the current market. APR is not static and will depend on the multiple factors described in the article: RBC Staking on Arbitrum: Up to 15% APR in ETH!
As an early staker, you have a higher chance of bigger rewards. With a smaller participant pool, you can maximize your earnings.
Seize the opportunity and join us on this exciting journey, visit https://rubic.exchange/staking to learn more!
2. Arbitrum Bridge Integration
To simplify the process of bridging RBC to Arbitrum, we have integrated the RBC Arbitrum bridge into Rubic. Currently, it functions as a bridge exclusively for RBC, but we have plans to expand its capabilities to support additional tokens in the future.
If you already have RBC on Ethereum, please bridge your RBC from Ethereum to Arbitrum.
You can bridge RBC via the official Arbitrum bridge on Rubic’s app: https://app.rubic.exchange/?fromChain=ETH&toChain=ARBITRUM&from=RBC&to=RBC&amount=50000.
In addition, we have plans to launch the RBC claiming process on Arbitrum by the end of June. This upcoming feature will reduce GAS fees for users of the SwapToEarn program, and provide them with the opportunity to participate in staking.
Please be aware that bridging from ETH to Arbitrum will be fairly quick, but a reverse procedure may take up to 6–8 days.
3. Fiat On-Ramp Update
We’re thrilled to announce a significant enhancement to our fiat on-ramp solution! We have revamped the process to make purchasing the most demanded cryptocurrencies simpler and more convenient than ever before, in just 1 step.
Here’s what’s new:
- Expanded Token Selection: You now have a wider range of tokens to choose from. Whether a token is listed on OnRamper or not, you can purchase almost any token for fiat currency. All of these tokens can be acquired directly from our App interface in just two straightforward steps.
- One-Step Purchase for Listed Tokens: If a token is listed on OnRamper, users will be able to purchase those assets in just one step, streamlining the process even further.
- Stable Rate and Price Impact: With this update, we have successfully stabilized the rate and minimized price impact, ensuring a more consistent and reliable purchasing experience.
Now, our users can enjoy a seamless and hassle-free journey when acquiring their favorite cryptocurrencies.
4. Cross-Chain Providers Update
At Rubic, we prioritize the continuous improvement of our app, striving to provide an exceptional user experience.
In line with this commitment, we are planning to enhance cross-chain rates for swaps via XY Finance and Symbiosis.
The rates on XY and Symbiosis directly differed a bit from those in our app. Providers are adding new DEXs with better rates and using them for the first phase of the cross-chain swap, to make the swap more cost-efficient.
Typically, it takes time for the Rubic team to integrate these DEXs, resulting in potential rate discrepancies compared to the provider’s platforms.
However, we have come up with a solution! Instead of independently handling the on-chain part of the cross-chain swap, we will conduct the entire cross-chain trade exactly as intended by the provider. This approach will eliminate any rate differences between us and the provider.
ETA: June 9th-12th
5. PulseChain Integration
Soon, PulseChain will be available on Rubic via ChangeNOW. In two weeks, ChangeNOW will integrate PulseChain and its native token, PLS.
About PulseChain
Although the PulseChain mainnet was launched just recently, it is already in the Top-10 list of blockchains by TVL on DefiLlama.
Additionally, we are proud that PulseX, the largest project on PulseChain in terms of TVL, has a long-standing partnership with Rubic as our SDK integrator. This collaboration further solidifies the strong relationship between Rubic and PulseChain’s ecosystem.
Benefits of the PulseChain Integration for Rubic’s Users:
- Easy access to PLS: Users will be able to buy PLS, the native token of PulseChain, directly on Rubic’s platform.
- Increased Exchanging Opportunities: This integration expands the scope of exchanging pairs, which enables users to broaden their investment portfolios and discover the opportunities presented by PulseChain’s ecosystem. Additionally, this integration opens up the possibility to swap PLS for more than 850 other assets.
- Continued Platform Innovation: By integrating cutting-edge blockchain projects like PulseChain, Rubic demonstrates its dedication to offering users the latest and most innovative options.
Marketing
- Record Highs May 2023
We are thrilled to share the remarkable growth and impressive statistics we achieved in May:
- Over 60,000 unique users have joined our platform, demonstrating its increasing popularity and appeal.
- Cross-chain transactions have reached new heights. A staggering $9,544,508 across 20,304 transactions, showcasing the growing adoption of our cross-chain capabilities.
- On-chain transactions have soared. An impressive $16,974,218 was processed across 78,162 transactions, highlighting the trust and reliance our users place in our on-chain solutions.
Our SDK/Widget has made a significant impact, with a notable volume of $4 million.
Combining these remarkable figures, our cumulative achievement for May is astounding. A total volume of $26,518,727 was transacted across 98,466 transactions. We look forward to continued growth and success together!
2. DeFi Month on TON: Joint Campaign
To celebrate the TON integration, Rubic is hosting a special campaign with TON. Starting from May 31st to June 15th, users who swap more than $20 to TON on https://app.rubic.exchange will receive 200 RBC for their first swap, and 100 RBC for their two subsequent swaps. Only swaps from selected EVM networks count!
Read the full rules here: Rubic is joining the DeFi month on The Open Network (TON) for a joint campaign!
3. CoinsPaid Media Quote
As CEX popularity falls, DEXs are entering the limelight as the go-to spots for crypto swaps.
Everyone appreciates privacy, and with us, its a top priority. Swap safely and securely without KYC, at Rubic. Also, we were quoted in the article — check it out: Trading Volume on CEXs Halves Over Year as DEXs Grow in Popularity
4. Web3ST Virtual MeetUp
Last week, we attended the Web3 Virtual MeetUp. Web3 Stronger Together is a unique way to improve engagement and promote the Web3 promise.
They believe that one innovative and unique way to enhance community engagement and advance the Web3 promise is to create interactive events or programs, which encourage participation and provide opportunities for individuals to learn more about the potential of this technology.
The Rubic team is happy to participate in all activities held by Web3ST!
5. Rubic Rangers Program
Ready to become a full-fledged & official Rubic Ranger?
Join our Ambassador Program, start earning rewards, and gain perks by helping with beta testing, community management, creative materials/design, or social media.
Visit our detailed presentation:
https://docs.rubic.finance/rubic/ambassador-program-for-rubic-rangers.
Join the Rubic community as a Ranger and help spread the word about our revolutionary Cross-Chain Aggregator! As a Rubic ambassador, you’ll have access to exclusive sticker packs, memes, and much more. Only 20 spots are available, so apply now — https://forms.gle/LMpcJaGJH9fbziT97
