Hi, boring communities,
We are very excited to announce that BoringDAO has reached a partnership with Pancake. Anyone who stakes BOR-BNB LP in Pancake can farm $CAKE (25,200 per week, double in first 48 hours), and can stake $CAKE can also get $BOR.
Here is a simple tutorial:
Hey, boring communities,
A bridge between ETH and BSC has just been completed! Now we can directly mint oBTC and oLTC on BSC, and BOR can migrate freely between ETH & BSC。
Here is a simple tutorials on BOR (ERC-20) ⇄ BOR (BEP-20):
We are excited to announce that BoringDAO V2 is now launched, and this marks the first milestone of Boring community in 2021.
Main updates include:
-Launch of Litecoin Tunnel
Asset Ratio of the Litecoin Tunnel is 150%, same as the parameters of the Bitcoin Tunnel. In consideration of the high gas fee on the Ethereum network, the minimum minting amount has been adjusted to 50 LTC, with the minimum burning amount being set at 10 LTC. For this particular oLTC tunnel, BoringDAO has allocated 2% of all BOR as mint-mining reward.
As for mint-mining reward for…
BoringDAO is excited to announce that we have integrated Chainlink Price Feeds live on mainnet to support our decentralized asset bridge platform. Starting with the BTC-USD Price Feed, these Chainlink-powered decentralized oracle networks provide secure, accurate, and reliable price data on assets bridged on BordingDAO, which enables the proper calculation of fair market minting rewards and protocol fees. Additionally, Chainlink Keepers will also serve as the future foundation for an automated clearing system to prevent under-collateralization of the BoringDAO asset bridges (“Tunnels”) during an unlikely black swan event scenario.
“After in-depth research, we have found that Chainlink is one of…
Before starting a new “boring year”, let’s think about one question: What kind of application can be called “infrastructure”?
Please take at least 30 seconds on it.
Different people may have different answers, but our answer may be:
Even if there is no “human” maintenance, it can last forever.
For example, the thousand-year-old castles in Europe, the Great Wall in China, the pyramids where the ancient Egyptian elders lived… Blockchain is also such a thing, as Vitalik said, there may be no Killer APP, only Killer Network.
There is no doubt that Bitcoin and Ethereum networks have become such things…
We are glad to announce that oBTC has joined 88mph as a new asset. This is a new alternative to “oBTC — Interest-Bearing BTC” after Boring Farm, Curve, Harvest, and ForTube. It is always the goal of this decentralized pegged-coin to offer oBTC more interest-bearing scenarios.
88mph is a protocol that provides fixed-rate yield-generation opportunities. It has currently supported DeFi protocols including Aave, Compound and Yearn. You can buy floating rate bonds for arbitrage opportunities. MPH is the governance token of 88mph, which can be obtained through liquidity mining. …
Since Boringdao was created, we have always stick to two paths. The first is to integrate oBTC into the DeFi ecosystem, polish the product, and finally build a completely decentralized asset channel. The second is to make a best-in-class product with optimal user experience.
In the exchange process, OBTC enjoys a relatively high speed of minting and the additional BOR bonus, making it much better than other Wrapped BTC. But the waiting is quite unbearable, and the minting process is still complicated.
A faster, simpler and more direct exchange channel is always what BoringDAO wants for users. As oBTC gradually…
Archimedes said, give me a lever I will move the whole world.
Alpha Homora’s magician will say, give me a lever, I can help BOR holders eat the whole plate of sushi
BOR/ETH, oBTC/ETH, the two most important assets of BoringDAO ecosystem, were officially added to Sushiswap’s Onsen List last week through a community proposal. Anyone can provide liquidity for BOR/ETH and oBTC/ETH pairs, and farm sushi at the same time!
BoringDAO, a ‘Boring’ Decentralized Asset Bridge. What progress has been made in the last two weeks?
oBTC MetaPool signal proposals on Curve has been officially passed
On December 8th, Curve founder Charlie initiated a proposal to add oBTC Metapool mining pool. Curve is one of the most famous DEXs on Ethereum, providing pegged-BTC exchange with low slippage, and providing liquidity providers with low-risk yield opportunities.
a total of 5.12M veCRVs (veCRV is a CRV held by voting, representing CRVs locked in voting) support the proposal to add oBTC Metapool, with an approval rate of 99.8%. The signal proposal have been…
Hi, All Boring Fans!
It was another ‘boring’ week. After BoringDAO went online this week, it quickly reached a milestone. Now the total number of minted tokens has reached 295!
According to DeBank, the total number of oBTC has surpassed pBTC in three days, ranking №7 of the BTC anchored tokens. Thank you, boring community and boring fans.
Nevertheless, we believe many people have also realised an issue: the tunnel capacity is insufficient.
The tunnel pledge ratio remains at 100–105% for a long time, so there are still thousands of BTC that cannot be minted.
For this reason, ‘Satellite City’…
Decentralized assets bridge access all blockchains.