Dear OCTION Family,
We are thrilled to announce OCTION’s first staking project, which will comprise of two staking pools in conjunction with Ferrum Network!
OCTION is the world’s 1st CeDeFi Options Trading Platform built on the Binance Smart Chain. Users will be able to trade options through CeDeFi, with no middlemen, no centralized organization, lower fees, more option types and zero data or market manipulation. OCTION allows for options trading through a democratic framework on the Blockchain, specifically the Binance Smart Chain.
In this article, we describe OCTION and why it is so valuable for both projects.
Staking OCTION Through Ferrum’s Flexible DeFi Staking Platform
With the emergence of DeFi and the appeal of passive income, staking has taken on a relevance like never before. Unfortunately, staking and liquidity farming has mostly been reserved for big-cap projects with main-net launch, leaving hundreds of exciting new projects with not enough flexible options to offer staking and liquidity farming for their own tokens.
Ferrum Network has been able to address this market gap by building a flexible DeFi Staking Platform for any BEP-20 token. Participants lock their tokens and earn high yields based on the length of time staked. It’s like a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants!
The Liquidity Staking Needs Will Be Customizable for OCTION
With various considerations such as token metrics, unlocking schedules and community concerns, OCTION decided to partner with Ferrum Network due to their DeFi Staking Platform being fully customizable.
Thanks to the flexibility offered by Ferrum Network solutions, OCTION will be able to launch its Staking program earlier in order to increase their PancakeSwap pool liquidity while rewarding their liquidity providers.
The OCTION Staking Pools
OCTION will begin with two staking pools, namely:
- The Baby Octopus Pool; and
- The Legendary Kraken Pool
The Baby Octopus Pool will be opened from 5 May 2021 onwards and will be opened for all to participate. OCTION token holders will be able to contribute their $OCTI to earn more $OCTI with a starting APY of 70%. This will come with a minimum 7 day lock in period.
The Legendary Kraken Pool will also be opened from 5 May 2021 onwards. However, OCTION token holders looking to participate in this pool will require whitelisting. Further details on the whitelisting requirements will be released very soon. Again, OCTION token holders will be able to contribute their $OCTI to earn more $OCTI, but with a much higher starting APY of 200%. This will come with a minimum 21 day lock in period.
Those looking to participate in the OCTION Staking Pools can do so from 5 May 2021 onwards at https://oction.io/QuickStaking.html.
The OCTION Staking Pools will allow for holders of $OCTI to continuously earn on their existing holdings as the OCTION Options Trading Platform and the ecosystem surrounding it continues to be developed. As the pieces come together, exciting times lie ahead for OCTION and it is definitely one to look out for in the coming weeks!
As always, thank you for your continued support of OCTION, and stay tuned for more major partnerships to be announced soon!
- The OCTION Team
As the the world’s first CeDeFi options trading platform built on the Binance Smart Chain, OCTION takes many elements of existing real-world options trading platforms and makes it better. OCTION represents a transformative technology that stands firmly in support of financial freedom backed by the liberty that Bitcoin provides globally through voluntary participation in a permissionless and decentralized network.
Follow OCTION on Social Media
Oction NFT Marketplace: https://opensea.io/collection/oction-collectibles
Follow Ferrum/UniFyre on Social Media
Ferrum Website: https://ferrum.network/
UniFyre Website: https://unifyre.io/
UniFyre Twitter: https://twitter.com/UnifyreWallet