Ragnarök — BoringDAO’s Anniversary Farming Contest
We are excited to announce the official launch of a new liquidity mining program on the oPortal cross-chain bridge. We believe that under the new program, the oPortal bridge will have a greater capacity and depth. According to BIP-12, 8.14% of the BORING’s daily emission rate, about 24,000 BORING/DAY, will be allocated to oPortal’s new farms. Each blockchain will have a separate farm, therefore we will have nine farms participating in the new liquidity mining program:
To celebrate BoringDAO’s first anniversary, we are hosting the oPortal 8 realms contest. Each of the eight realms will represent one corresponding pool on oPortal. Eight realms will be called Avalanche.heim, Binance.gard, Polygard, Okgard, Hecoheim, Fantomheim, xDAiheim, and Harmonyheim. We will skip Ethereum for this competition due to the high gas fee cost (and we all know the Ethereum team would definitely win if included)
To start with, each participant will need to choose one realm or multiple realms in our Discord first and become their citizens. Then you have to provide at least 100 USD of liquidity to the corresponding pool on oPortal. Besides that, you can also provide liquidity in other pools to increase your chances of winning. We will release the data on Discord every 2 days, and at the end, the realm with the highest liquidity growth will win. Half of the prize will be split between everyone in the winning realm and the other half will be allocated by the proportion of liquidity provided.
The contest begins on Friday, November 12th, and ends on Friday, November 26th at 12AM UTC. However, we will turn off the realms selection function in Discord on Tuesday, November 23th, 12AM UTC. This means that we are no longer accepting any new participants from November 23th on. Participants within every realm can still provide liquidity until November 26th 12AM UTC. Winners will be announced by the end of November.
The total prize of 1,000,000 $BORING will be distributed among the winning realm. 500,000 $BORING will be split between everyone in the team and the remaining 500,000 $BORING will be awarded to each participant according to the proportion of liquidity provided.
Choose your favorite realm and provide as much liquidity as you can! The more you provide, the more you can win!
(Bots will be banned manually, so don’t cheat)
About BoringDAO and oPortal bridge
BoringDAO deploys a series of decentralized bridges or tunnels — which allow you to safely move your Bitcoin & other crypto assets between Ethereum & many L1s & L2s to maximize the utilization rate of your crypto assets in the DeFi ecosystem.
What is the oPortal? For more details, please check here.