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ROSN Auto-Compounding LIVE on Binance Smart Chain
ROSN holders, it’s time for an upgrade!
The USDO-ROSN LP is now live on the “steaks” auto-compounding platform.
What this means for the Roseon community is:
❇️ No more “rewards harvesting” required
❇️ No more **** coin rewards
❇️ Yes, more APY!
❇️ Learn more below
CONTENTS
SUMMARY (TL;DR)
HOW TO
ABOUT USDO
ABOUT ROSEON FINANCE
ABOUT OCP
ABOUT OPENDAO
???????????
SUMMARY (TL;DR)
OpenDAO and Roseon established a USDO-ROSN farm on August 15th, 2021, and have seen some success. However, we have decided to supercharge these efforts. In line with these efforts, the current USDO-ROSN farm is now being auto-compounded on OCP’s platform.
Furthermore, we can look forward to minting USDO with ROSN as an asset on the OpenDAO minter platform here, but we don’t want to get ahead of ourselves… Article on this later…
In the meantime, please enjoy the auto-compounding!
Less work, more ROSN!
HOW TO
[STEP 0] Unstake/Restake
Many users have already taken advantage of the ROSN-USDO farm on OCP.
Congratulations! This is SUPER EASY.
Simply unstake your LP tokens from “FARMS” and restake them in “AUTOCOMPOUNDING” (see below.)
NOTE: If this is your first time adding to the ROSN-USDO LP, SKIP THIS STEP!
[STEP 1] Add $ROSN and $USDO to the Pool
Got some $ROSN? Good.
Got your $USDO? Good. Good. (Also available at PancakeSwap)
Then…
Enable the assets, Approve in wallet!
Now you’ve got LP tokens!
[STEP 3] Approve + Confirm
Once on the app and once in your wallet.
NOTE: First time users may have to confirm AN ADDITIONAL TIME in their wallet to set up a ‘zap’ that does extra work on the users behalf.
[STEP 4] Deposit All
Or adjust the slider and click “DEPOSIT”
Approve in wallet.
[STEP 5] Done! Auto-Compounding
How easy was that? Your rewards are converted back into their underlying positions.
That means more ROSN and USDO!
What does that mean?
❇️ No more daily rewards harvesting
❇️ No more wonky **** coin rewards
❇️ Yes, more APY!
Instead of seeing rewards, you should see your underlying deposited LP position increase, putting your tokens to work so you don’t have to… and with more of what you love!
ABOUT USDO
USDO is an over-collateralized multi-collateral stablecoin pegged to the US dollar, thereby making stocks, real estate, crypto currencies, and nearly any real world asset a viable candidate as collateral for minting it.
One by one, assets are being added as approved collateral for minting our stablecoin, and over the next year, we can expect to see larger, more illiquid, and more ‘tangible’ assets added to our platforms.
Of course, USDO is also jam packed with utility and is available for use across a growing number of platforms. Read more here.
Welcome. You’re early!
Join us in OpenDAO Telegram to get the latest news too!
ABOUT ROSEON FINANCE
Roseon Finance ($ROSN) operates an easy-to-use launchpad, aggregator, wallet and swap application, that allows users to stake and yield farm. Its mobile yield aggregator manages users’ digital assets and acts as the gateway to DeFi, providing services across its multiple products and features including Roseonpad, a launchpad focused on new and emerging gamefi and NFT projects. Roseon had completed its original roadmap ahead of schedule and has added new key strategic developments to incorporate #GameFi and #Metaverses into its application. Roseon is available on both Android and iOS with the $ROSN utility token used for staking, transaction fees, and participating in tiered products and services.
ABOUT OCP
Omni Consumer Protocols is a BSC native DeFi yield optimizing protocol. They supercharge the inherent value in all tokens on their platform and are responsible for the OCP effect, in which tokens on the platform tend to increase in value significantly shortly after listing.
They were the recipients in OpenDAO’s grant to build a minter for $USDO on BSC, which is now live on the OpenDAO platform. They continue to operate the ultimate DeFi lego set up, and very very soon, OCP is going to…
Oh. They told us not to mention the next part yet…
However, they did ask us to write:
ABOUT OpenDAO
OpenDAO (OPEN) is the home of the multi-collateral over-collateralized stablecoin, and we serve as a bridge for real-world assets to cross over into the growing DeFi infrastructure.
The goal is to bring more value into the space by providing exposure to real estate, stocks, and more… all in a uniquely permissionless and seamless manner.
Real world industries’ business models will be completely transformed as a result of our success.
Join our Telegram if you haven’t already! t.me/opendao
Secret message for you:
If you’re clappy and you know it…
Be sure to smash that clap button on the left a few times.
Thank you for taking the time to read our article!
Written by OpenDAO Team.
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