Rubic Weekly Report 08/19/22
Hey, Rubic Friends! Summer is slowly ending, but don’t worry — with Rubic, you always have fun no matter what. While we can still enjoy the last few weeks of summer, let’s see what’s going on at Rubic!
- Rubic Refund Program
On Wednesday, we started payments for the Rubic Refund Program. If you’ve missed the detailed conditions on how to refund the fees you paid for crypto swaps, with a brand-new refunding program on Rubic, you can read up below.
To get a refund, you need to either hold 5K+ $RBC, $BRBC, or $RBC (PoS), or have your 5K+ $BRBC in our staking contract. The compensation will be paid out in $BRBC at the current rate, twice a month. So, if you paid $5 to complete 5 swaps, you’ll get the equivalent in $BRBC.
When swapping $RBC to $BRBC, you’ll receive 100 $BRBC back until the end of August 2022. However, it doesn’t work the other way around — users won’t receive a refund swapping $BRBC to $RBC, nor to or from $RBC (PoS).
The first refunds have already been sent to our users.
2. Boba Network Integration
Today, we integrated the Boba Network into Rubic’s Cross-Chain Solution. Currently, Cross-Chain swaps from Boba are available only for Ethereum and BNB Chain (and back).
Boba Network aspires to be the People’s L2 that puts users and developers first. The goal is to build a pragmatic L2 that is the first step towards opening Ethereum to the next Billion users. Boba is an L2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the OMG Foundation. You can find find all the projects of Boba ecosystem here: https://boba.network/ecosystem/
As our main DEX for Boba Network, we’ve integrated Oolong, the overall leading DEX on Boba. OolongSwap incorporates all of the features you need from a traditional DEX, while pioneering new ideas from DeFi 2.0, such as Protocol Controlled Value. Now, Rubicans have more options in finding the best swap opportunity on Rubic.
3. Upcoming Integrations
Our development team is now researching various blockchains and providers for future integrations. In the next few weeks, we are planning to integrate: Via Protocol, Rango, and the long-awaited bridge to BTC. The integration of Via is almost complete.
All future integrations will contribute to making Rubic the most preferable solution on the market. We are striving to provide you with the lowest fees, the fastest transactions, and the most cost-efficient solutions!
We’ll keep you informed on all further details of our upcoming integrations.
- $456,000 Trading Volume
Yesterday, our users achieved an outstanding and record-breaking Trading Volume in August! You transferred more than $456,000 in 24 hours. Our team is pleased to know that Rubic is in such great demand!
We noticed that users started to use Rubic.exchange for implementing bigger transactions, meaning that we gained trust from Crypto Whales! We really appreciate it, and let’s keep on growing while we work on soon breaking the new record!
2. Staking Overview
The second week of Rubic Staking has almost passed, and users continue to Stake and get their rewards as the pool is uncapped. Let’s explore the details:
Locked BRBC: 13,158,729 → 14,498,164
Average Lock Time: 10 months → 10 months
Est. Yield Per Week: 102,000 → 125,000
Circ. BRBC Locked: 10.61% → 11.69%
APR: 51% → 58%
You can follow the Staking statistics on the Dune analytics page, created by one of our dedicated community members: https://dune.com/novuses/rubic-staking-dashboard/.
3. #1 TVL-Gainer on BNB
We are proud to be the Top 1 project on a TVL gainer list on BNB Chain in the last 7 days (all thanks to Staking)! Hopefully, next week we won’t lose our position, and for now, let’s celebrate!
4. Influencer Support
This week, various influencers covered Rubic on their shows.
Crypto enthusiast PeoplePRO discovered the Rubic platform and mentioned it as the most convenient solution to swap tokens across chains, and we can’t but agree with him!
Another Influencer is a LatAm YouTuber Genera Tu Sueldo. He reviewed the platform and posted a video not only about our useful Cross-Chain solution, but also announced our upcoming Rubic NFT Widget feature.
Of course, the most beloved influencer by the Rubic community — Chico Crypto can’t ignore Rubic’s new features.
We’d like to thank all the influencers for their support and assistance in covering Rubic’s Cross-Chain Solution, the Staking Campaign, and the NFT Widget MVP launch!
Not only are YouTube influencers talking about Rubic, but Twitter ones as well. Turkish Twitter Influencer Crypto Jordan posted a thread about Rubic’s advantages and shared the news about our Staking Campaign.
5. Rubic vs Any Bridge Video
This week we created a video proving that Rubic is a convenient, fast, and cost-efficient solution for Cross-Chain transactions.
We’ve compared token swaps across chains via Rubic and another bridge. 0:36 vs 2:03 — guess who’s faster and cheaper. Unlike bridges, Rubic doesn’t just move a token between networks — it also changes the token itself, in one transaction!
You can see the full video here: How To Make A Cross-Chain Swap: Rubic vs Any Bridge
6. Rubic x Moonbeam AMA
Today, we are happy to hold our AMA session together with Moonbeam representatives.
This AMA is held, as usual, on Rubic’s Telegram Chat and on Twitter. Together, we will answer questions from our communities and talk about our further partnership & development!
Rubic is a One-Click Cross-Chain Aggregator which allows users to swap any of 15,500+ tokens, on and between 15 blockchains, and receive the best rates from all leading trading providers. Rubic includes On-Chain & Cross-Chain swaps for Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Gnosis, Fuse, Celo, Optimism, Moonbeam, OKC, and Cronos; with seamless fiat on-ramps and more!
Rubic provides the tools for crypto projects to become fully interoperable between blockchains, with an easy-to-install widget and a fully-customizable SDK. Rubic is already servicing more than 80 projects! Installation takes only 10 to 30 minutes and unlocks the power of DeFi for any project, with access to over 15,500+ tokens across 15 blockchains, all available right on your website or within your app.
Our social media channels: