ASHSWAP BATTLE OF YIELDS

After weeks of non-stop work, AshSwap has finally completed all the core features of the product.

Our users now can swap, stake, and yield farm on the platform with extensive built-in analytics tools. Tens of thousands of users have tested AshSwap, and most of the feedback we have received so far is positive; we thank you so much for all the kind words, support, and sometimes even hype. It is so easy to be bold and risky in this industry. After all the hacks in blockchain in general and DeFi in particular in the last two years, we know that the price of being complacent is rather too high, and we will never allow ourselves to be like that. AshSwap needs to be brutally battle-tested.

Inspired by the Battle of Yields events created by the Elrond team, we would love to have a similar version called “AshSwap Battle of Yields” to help us achieve the following goals:

First and foremost, to make sure the contracts run correctly and securely without bugs and exploits. Extra security is never too much.
Second, to create a testing environment on Testnet, which provides the closest experience to Mainnet, so users know what to expect and have time to find out the best practice for their yield farming strategy.
Finally, to collect data on related parameters like liquidity, trading fee, farming APY…, we can calibrate and optimize those.

COMPETITIONS

Yield Farming

Everyone starts with the same amount of tokens. You can perform any actions on AshSwap and Maiar Exchange, such as swap, provide liquidity, stake LP tokens, and stake ASH to increase your total holding value and win the Battle of Yields.
Only registered accounts will have access to test funds.
The final amount will be denominated in USDC based on the spot price at the event’s ending time. EGLD on testnet is not counted as a part of the amount.
All the fraudulent acts will result in disqualification from the contest. The following actions, included but not limited to, are considered cheating:
Transfer tokens provided from the test fund to another wallet.
Use any other fund except the faucet sent to your wallet.

Contribution

Create tools for the exchange: graphs, trading or auto-compound bots, complementary smart contracts, etc.
Find bugs in the exchange, including smart contracts and the user interface.
Improve existing documentation, write new documentation, create guides (articles, videos, infographics, etc.)

You will be able to submit your contributions via the form linked below.

Items will be ranked on execution, utility, and originality. So make sure you pick a useful topic and cover it well and in an exciting way. Stay away from simple and over-done topics like “How to login”, “How to swap”, etc, these have already been covered. Only the best-executed item will be selected from similar ones.

Security

After the Yield Farming event is concluded, we will host a bug bounty competition for developers or security experts to look at the contracts and find out security issues or vulnerabilities that can affect normal operations or users’ funds. Further details will be found in later announcements.

Event Rewards

After the contest ends, we will conduct an analytical process and announce the winner.

Total reward of AshSwap Battle of Yields: $20.000

HOW TO JOIN

Battle of Yields

Visit our event page at https://battleofyields.ashswap.io/
Register via the form https://docs.google.com/forms/d/e/1FAIpQLSe8JpapF2h0jUz1i-3iZUbVK77GWisvW5O-QJPzSb04B3Hx2A/viewform, the form will be closed at 01 May 17:00 UTC
Login with Maiar & Connect with the registered wallet address
Claim your event testnet tokens soonest 15 minutes before the starting time from the event’s faucet: https://battleofyields.ashswap.io/faucet
Start farming when the time comes!

Contribution

Complete your contribution.
Register & submit your contribution via the form https://forms.gle/o8PKD47j9k8eqzkC9

Timeline

The competition begins on Thursday, 05 May 08:00 UTC and lasts until Thursday, 19 May 08:00 UTC.
The timeline and the details can be changed in the middle of the event if needed. We will make sure all the changes will not affect the fairness of the competition. Be aware and follow our announcements.

Event Reward

AshSwap Battle of Yields — Event Reward

The AshSwap Battle of Yields’s launch is getting closer. The prize pool for the entire event is up to $20,000 and the…

medium.com

BoY Gameplay Detail

https://medium.com/@ashswap/ashswap-battle-of-yields-gameplay-2bed07413642

FAQs

1. Will this event run on all platforms?

Yes, you could use both PC, laptop & mobile, but we suggest using a popular web browser to avoid mistakes.

2. When will I receive my prize?

Submissions will be analyzed, and the winners and rewards will be announced after the events.

3. How do I make yields?

Swap tokens, deposit liquidity, deposit the resulting LP tokens in Farms, harvest rewards, repeat. The total value of your wallet counts towards your score, so make sure you maximize the “dollar value” through the most lucrative strategies and context-aware tactics.

4. How will the competition start?

Our event faucet at https://battleofyields.ashswap.io/faucet will be opened 15 mins before the Starting Time. You will be able to claim the same amount of testnet tokens & get ready for the battle.

At 08:00 UTC precisely, you will be able to access the Battle of Yields test platform & start having fun.

5. How to register for the AshSwap Battle of Yields?

You can register via the form: https://docs.google.com/forms/d/e/1FAIpQLSe8JpapF2h0jUz1i-3iZUbVK77GWisvW5O-QJPzSb04B3Hx2A/viewform

6. Do I have to burn all of my current testnet tokens before joining BoY?

You do not have to, because tokens that will be used in the BoY event will be claimed from a separated faucet & do not effect your current testnet tokens, but, we still recommend you using a fresh new wallet to avoid any possible mistake.

Important Rules

Do not send xEGLD or tokens from your wallet.
Do not use the fund received from others’ wallets. If you receive tokens, make sure you do not use the fund and forward all the received tokens to this burn address within 48 hours.

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Any actions against the above rules will be considered fraudulent, and you will get disqualified from the final results.

Watch your wallet on the explorer or ask around for community tools to help you monitor it. Send any tokens you receive from other wallets, except the AshSwap Smart Contracts to the burn address.

Battle of Yields Announcement in other languages:

About AshSwap

AshSwap is the first decentralized exchange built on the MultiversX blockchain that allows users to trade between stable assets with high volume and small slippage. As Elrond grows to become the infrastructure of DeFi, more types of stablecoins will flow in, and users will need a place to swap them.

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