Rubic Weekly Report 06/22/2023

Rubic
7 min readJun 22, 2023

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Hello, Rubicans! What an incredible summer week we’re having! Have you staked your RBC yet? Let’s dive into our weekly report to discover exciting news and updates!

Development

  1. Staking 2023

The first week of RBC staking has passed, and the APR looks very enticing!

We have a great tip for you: longer durations and smaller pools yield greater returns. With an impressive current APR of almost 100% paid in ETH, you can watch your investments get a big boost.

RBC holders can join Rubic Staking in 4 easy steps:

  1. Bridge RBC tokens from Ethereum to Arbitrum: https://app.rubic.exchange/?fromChain=ETH&toChain=ARBITRUM&from=RBC&to=RBC&amount=50000
  2. Connect your wallet to https://rubic.exchange/staking, select #Arbitrum
  3. Choose the staking period
  4. Watch your investments grow!

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 this article: RBC Staking on Arbitrum: Up to 15% APR in ETH!

2. PulseChain Integration

This week, PulseChain, its native token, $PLS, and PulseX DEX will be integrated into Rubic via ChangeNOW as a provider.

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 very proud that PortalX DEX on PulseChain is Rubic’s 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 token 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.

IMPORTANT NOTE. If you implement swaps from Russia:

To successfully execute cross-chain swaps FROM the PulseChain and on-chain swaps on the PulseChain network at https://app.rubic.exchange/, it is necessary to establish a VPN connection.

In case of cross-chain swaps TO the PulseChain network via ChangeNOW, a VPN connection is not required.

The same is true while implementing swaps on the PulseX platform.

3. Polygon zkEVM Integration

Next week, we’ll be integrating the Polygon zkEVM network into the Rubic App.

Polygon zkEVM is a decentralized Ethereum Layer 2 scalability solution based on cryptographic proofs to provide validation and fast finality to transactions. You can learn more about this network here: https://polygon.technology/polygon-zkevm

This integration has been made possible thanks to the unwavering support of our community! At Rubic, our dedicated team is excited to continue enhancing our platform based on the valuable feedback and preferences of our users.

We firmly believe in the power of collaboration, and it is through the strong bond we share with our community that we continue to evolve and offer an exceptional experience.

Together, we are shaping the future of our platform, ensuring it aligns perfectly with your needs and desires.

4. BitKeep Wallet

We are planning to add a native integration of BitKeep Wallet back to our platform. BitKeep is a decentralized cross-chain wallet that puts users’ data and assets in their own hands.

Soon, users will be able to connect their BitKeep Wallet to the Rubic App!

Marketing

  1. Rubic x BitKeep zkSync Era Campaign

Yesterday, together with BitKeep, we launched a joint Galxe Campaign on zkSync Era!

Between June 21st and June 28th, BitKeep Wallet users who complete the tasks on the campaign page will get Rubic & BitKeep co-branded OAT! Every OAT holder can share a 100K $ZKBG prize pool, and can unlock a future airdrop by zkSync! All OAT holders are eligible for $ZKBG rewards in the BitKeep Cloud wallet. 50% of OAT holders will randomly receive 10–100 $ZKBG, while the rest will receive 2–10 $ZKBG randomly.

One of the tasks for this campaign is to complete a cross-chain swap to or from zkSync Era on Rubic.exchange!

Download the BitKeep wallet to secure your $ZKBG rewards and for a chance to win even more!

Learn more here:

https://twitter.com/CryptoRubic/status/1671551123331719168?t=-mxLhQ5voJBUd2ydYZBixA&s=19

https://twitter.com/BitKeepOS/status/1663870462101983232?s=20

Additionally, the BitKeep team set up an exclusive $ZKBG airdrop for the Rubic community! By providing your address, you will have the opportunity to receive an exciting allocation of 1–100 $ZKBG tokens.

https://forms.gle/DUEEnG6UKViLzzdd8

2. Non-EVM Networks on Rubic — New Article

Rubic stands out in the cross-chain space by bridging not only numerous EVM networks, but also 30+ non-EVM networks like Litecoin, Tron, TON Blockchain; overlooked by other bridges and aggregators.

Learn how Rubic solves compatibility issues for non-EVMs: Non-EVM Networks on Rubic: Resolving Compatibility Issues

3. Rubic x Aurora Adventures Campaign

In July, Rubic will join the Aurora Quest Campaign! From July 3rd to 17th, users who implement a minimum $20 worth of cross-chain swaps on Rubic.exchange, from any available token on Optimism, Ethereum, BNB Chain, Polygon, Avalanche, or Arbitrum to USDT/USDC on Aurora, will be eligible to participate in the exciting Aurora Adventures reward pool!

Aurora Adventures is an exciting 12-week+ campaign with a pool of $200K US dollars in Aurora tokens, designed to enhance your experience with the Aurora+ blockchain platform.

Explore Aurora Adventures now: https://galxe.com/aurora/campaign/GCTdfUN2GK. Details will follow.

4. Rubic x PulseChain Campaign

Another upcoming campaign is around the corner! Soon, Rubic will become the first aggregator to integrate PulseChain Network! To celebrate this, we’ll launch one more exciting campaign on Galxe together with PowerCity/PortalX!

As the first aggregator to join forces with PulseChain, Rubic is paving the way for seamless and cost-efficient cross-chain swaps to PulseChain and an overall streamlined user experience.

This campaign is aiming to demonstrate the true power of the PulseChain ecosystem, as users will have the opportunity to explore the exciting possibilities offered by these projects and become eligible for potential $PLS, $WATT, and $RBC airdrops.

Stay tuned for the updates about the campaign!

5. Web3 Incubation Program by Sony Network Communications and Astar

In March 2023, Rubic was selected for the Web3 Incubation Program hosted by Astar Network and Sony Network. We’ve been committed to persistently enhancing our product even further, and of course, still continue to do so on a daily basis.

On June 18th, we ‌attended Demo Day, a significant event where we showcased our accomplishments to the Astar team and other notable projects.

This event served as a platform for us to present the successful integration of Astar into our protocol, resulting in highly efficient cross-chain and on-chain swaps.

During the event, we demonstrated the seamless execution of cross-chain and on-chain swaps on the Astar network, and we also showcased our cross-chain tools designed for a diverse range of DeFi projects. To catch a glimpse of our impressive presentation, you can view the video here: Demo Day Video

6. New Widget Integrations

Meet DEFIT, a Web3 lifestyle app with built-in GameFi and SocialFi elements.

Rubic has collaborated with DEFIT to make it easier than ever to directly swap any token, from any chain, to $DEFIT directly on http://defit.com.

Additionally, our Fiat On-Ramp solution also offers the option to buy $DEFIT directly with Credit Card and Fiat!

Let’s also welcome one more project into our ecosystem! Encryptor Finance (NCR) is a deflationary token that uses Smart Contract protocols to deliver excellent benefits to active users while also adding transactional pool rewards, liquidity rebalancing features, and anti-dumping procedures.

Now, you can buy $NCR directly on https://encryptor.finance/

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Rubic

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