🍯 HiveSwap Carnival
As the NO.1 cross-chain DEX in the Bitcoin ecosystem, HiveSwap is excited to bring HiveSwap Carnival for you to collect the jar of rewards in the Bitcoin L2s and beyond!
Last updated
As the NO.1 cross-chain DEX in the Bitcoin ecosystem, HiveSwap is excited to bring HiveSwap Carnival for you to collect the jar of rewards in the Bitcoin L2s and beyond!
Last updated
Today, we're excited to share HiveSwap Carnival! Your chance to secure your spot and collect the Hiveswap token $HIVP and MAP Protocol native token $MAPO by bringing and adding liquidity with supported assets to earn H Points!
For users who had added LP on HiveSwap before
✨ Before HiveSwap Carnival starts, we have captured a snopshot on users who had added LP to Hiveswap V2, V3, and PRO.
💰 Airdrop for those users will be sent separately in the future.
The HiveSwap Carnival participants have the chance to earn:
A significant 8% of Hiveswap's governance token $HIVP
21 million $MAPO tokens
…
The distribution of $HIVP and $MAPO rewards is based on the accumulated H Points over the event period. This distribution process is designed to ensure fairness and reward users for their active participation and contribution to the ecosystem.
There are two ways for you to accumulate H points. One is to bridge the supported assets from other networks to MAP Protocol, another is to add liquidity with the supported assets on HiveSwap. Below are the details.
Bridge your assets from popular Bitcoin Layer2s such as Merlin Chain, BNB, Ethereum and other chains to MAP Protocol to earn points.
Only bridging BTC and iUSD to MAP Protocol guarantees points.
During the event, only one-way cross-chain is supported. You cannot cross back to the original network.
You can skip this step if you already hold supported tokens on MAP Protocol.
Once you’ve done bridging or already have supported assets on MAP Protocol, you can directly add liquidity to earn points.
Participants can share a total of 300,000 Points every day for adding liquidity. Bridging BTC or iUSD will bring participants extra points!
Daily Points Per user = ( Personal Liquidity Value per day / Total Liquidity Value ) * 300,000 + ( Extra points for Bridging)
Final rewards = (Personal Total Points / Total Participants Points) * Reward Pool
The rewards will be the corresponding $MAPO and $HIVP.
Hourly Settlements: H Points are updated every hour. This gives you a transparent and up-to-date view of your standing in the event.
30% of the total $MAPO reward is distributed initially, with the remaining rewards released once a week and completed within a month.
10% of the total $HIVP Rewards will be distributed on Dec 28 (Extended to this date due to market conditions), with the remaining rewards linearly released over 8 months.
BTC
SolvBTC
SolvBTC is the first-ever yield-bearing BTC, is now LIVE on Ethereum, Arbitrum, BNB Chain, and Merlin Chain. More about SolvBTC.
iUSD
iUSD, in its full name, iZUMi Bond USD, is 100% backed by iZUMi’s collaterals and future revenues. More about iZUmi.
M-BTC
M-BTC is the BTC users have on Merlin Chain. More about M-token.
ETH
USDT
stMAPO
stMAPO is the liquid staking token that users receive when they stake your native token MAPO token on the StaQ protocol. More about stMAPO and stToken.
MAPO
MAPO is the native token of MAP Protocol on the MAP Protocol network, and wmapo is the token of MAP Protocol on ERC-20 and its value is 1:1 to MAPO.
ROUP
STST
LSGS
… To be announced (Other Bitcoin L2 assets could be added later but need to be decided by voting)
Merlin Chain
MAP Protocol
BNB Chain
Ethereum
...
BEVM (To be announced)
B Squared Network (To be announced)
AINN Layer2 (To be announced)
Stage 1️⃣ Bridge and Add Liquidity
Starting from April 3 (SG Standard Time), users are invited to swap or stake all supported assets on the Hiveswap Pro platform.
Points calculation and accumulation will start on the first day of the event till the final day of the event on June 2 (SG Standard Time). It’s your time to engage and earn points!
$MAPO and $HIVP reward will be allocated based on participants’ accumulated H Points.
This is just the beginning. There's much more to come, and HiveSwap Carnival is your first step into a world filled with Hiveswap sweets. Take advantage of this chance to be at the forefront of Bitcoin ecosystem DeFi innovation. Join us now, and let's build the future together!
Hiveswap is the NO.1 cross-chain DEX in the Bitcoin ecosystem, utilizing the interoperable Bitcoin layer MAP Protocol to provide liquidity services for assets in the Bitcoin ecosystem, including assets on Bitcoin L1, the MAP Protocol interoperability layer, and various Bitcoin L2s.
*Note: The final right of interpretation and clarification of the contents of this document is reserved by HiveSwap.
